Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
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Alcoa CEO: Aluminum Market Will Double Until 2020
Aluminum producer Alcoa may have fallen short of analysts’ expectations when it reported its third-quarter earnings, but CEO Klaus Kleinfeld is positive about the company and where it’s going. “Aluminum fundamentals are great,” Kleinfeld told Cramer. “We had 13 percent growth of demand last year....
Alcoa creates new Latin America headquarters
Alcoa Inc. said Monday it is creating a new Latin America and Caribbean headquarters to help accelerate growth in the region. The aluminum producer said the division will be run by Franklin Feder, who becomes regional chief executive officer on Jan. 1. Feder was most recently Latin America and...
Alcoa drops Iceland smelter plan
Alcoa , the largest U.S. aluminum producer, has dropped long-held plans to develop a new smelter in Iceland, saying on Monday it had decided it could not get long-term, cheap power for the project. The decision to cancel the smelter will be a blow to Iceland, still recovering from a deep recession...
Alcoa and Saudi co. get funding for joint venture
Alcoa Inc. and the Saudi Arabian mining company Ma'aden said Sunday that their $10.8 billion aluminum joint venture signed financing agreements worth nearly a billion dollars. Ma'aden Bauxite and Alumina Co.'s agreements with 13 local and international banks include a combination of conventional...
Alcoa has the Lowest Price to Book Ratio in the Aluminum Industry
Lowest ratio present the greatest value to investors. Alcoa (NYSE:AA) is lowest with a price to book ratio of 0.69. Alcoa Inc. produces primary aluminum, fabricated aluminum, and alumina, and participates in mining, refining, smelting, fabricating, and recycling. The Company serves customers...
Strong aluminum use despite price drop
Alcoa Inc expects global demand for aluminum to hold up into the Q4 despite a falling metal price and fears the global economy may slip back into recession. Mr Klaus Kleinfeld CEO of Alcoa said that Alcoa remains a confident company in a very nervous world. He thought the world was almost worrying...
Alcoa Defense To Supply ArmX Aluminum Armor Kits To Oshkosh For HEMTT
Alcoa announced today that it will supply ArmX aluminum armor kits to Oshkosh Defense for the Heavy Expanded Mobility Tactical Truck (HEMTT) A4. The c-kit armor provides blast protection for the underside of the vehicle. The announcement was made today at the AUSA show in Washington, DC. We made...
Alcoa Forecasts China Demand to Rise 17%, 800,000-Ton Deficit
Alcoa Inc. (AA) Chief Executive Officer Klaus Kleinfeld said the company has raised its Chinese aluminum demand forecast to 17 percent for this year. Chinese demand will exceed supply by 800,000 metric tons, he said today during the company’s third-quarter earnings conference call.
ERM signs gas supply deal with Alcoa
Energy company ERM Power has secured a deal to sell gas from its Gingin reserves to aluminium giant,Alcoa. Under the agreement, ERM will provide Alcoa with 15,000-terajoules of gas from its Gingin and Red Gully fields, north of Perth. Alcoa will make a staged pre-payment of $25-million, allowing...
Alcoa Main Partner in New Center for Sustainable Development in Montreal
Alcoa announced today that its Canadian Global Primary Products Operations has made one of the most substantial financial contributions in its history, a partnership agreement totaling $3 million over five years with the new Centre for Sustainable Development. A portion of this contribution, coming...
Electronic Recyclers International Joins Alcoa for Commit Forum Discussion on Innovative Partnerships
John Shegerian, Chairman and CEO of Electronic Recyclers International (ERI), the nation’s leading recycler of electronic waste, and Kevin Kramer, Director of Growth Initiatives for Alcoa, the world’s leading aluminum producer, were teamed today for a Commit Forum discussion on their organizations’...
Hindalco Industries: Buy
The domestic aluminium operations with better margins will be the key driver for both sales and profit growth. Investors with a long-term perspective can consider buying shares in aluminium major, Hindalco Industries, despite upheavals in the global economy and the likely pressure on commodity...
Alcoa and Becema Introduce New Aluminum Solution for Commercial Transportation Market in Russia
Alcoa and Becema, a leading Russian producer of tanks and semi-trailers, have launched a new lightweight aluminum cement hauler for the Russian market using Alcoa's new advanced aluminum sheet alloy 1565M. The eco-friendly aluminum trailers were launched during a customer event at Becema's...
Alcoa and Alcoa Foundation Announce Commitments at 2011 Clinton Global Initiative Annual Meeting
Alcoa and Alcoa Foundation announced two commitments to prepare U.S. workers for manufacturing jobs and to increase the energy efficiency of its operations today at the 2011 Clinton Global Initiative Annual Meeting, a convening of global leaders founded by President Bill Clinton. The first...
Alcoa Stock Hits New 52-Week Low (AA)
Alcoa Inc (NYSE:AA) hit a new 52-week low Wednesday as it is currently trading at $10.93, below its previous 52-week low of $10.99 with 23.7 million shares traded as of 3:50 p.m. ET. Average volume has been 25 million shares over the past 30 days. Alcoa has a market cap of $12.3 billion and is part...
Knoxville Kerbside Recycling Backed by Aluminium Company
The Alcoa Foundation has granted $20,000 to support the City of Knoxville, Tennessee's new Kerbside recycling program with the purchase of 5200 small, in-home recycling. According to the foundation, the bins are designed to help new recyclers get in the habit of sorting recyclables from garbage in...
Aluminum Stocks Maintain Shine in Sluggish Economy
In recent quarters, aluminum demand has been on the upswing. Emerging markets have been a huge source of revenue as populations and economies in China, Brazil and Russia have become richer, leading to higher levels of building. Meanwhile, aluminum has been taking on a bigger role in electronic...
Alcoa reorganizes midstream businesses
America's biggest aluminum producer Alcoa Inc said it plans to reorganise its midstream Global Rolled Products businesses to tap growth opportunity in emerging markets. The business will now focus on five global markets -- aerospace, ground transportation, packaging, consumer electronics and...
