Alcoa (AA) Announces Plans to Curtail Some Smelting, Refining Capacity
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Alcoa to Curtail Smelting and Refining Capacity to Further Drive Upstream Competitiveness
November 2, 2015 5:00 PM ESTProduction curtailments of 503,000 metric tons of aluminum and 1.2 million metric tons of alumina
NEW YORK--(BUSINESS WIRE)-- Lightweight metals leader Alcoa (NYSE: AA) today announced that it is taking decisive action to curtail uncompetitive smelting and refining capacity to ensure continued competitiveness amid prevailing market conditions. The Company will reduce aluminum smelting capacity by 503,000 metric tons and alumina refining capacity by 1.2 million metric tons. Alcoa will begin the curtailments in the fourth quarter of 2015 and will complete them by the end of the first quarter of 2016.
The... More
Alcoa Opens Advanced Jet Engine Parts Facility in Indiana
October 29, 2015 10:00 AM EDTPlant Doubles Capacity in La Porte, Meeting Growing Demand from Aerospace Engine Manufacturers
Approximately $100 million, 320,000-square-foot expansion produces nickel-based structural components for industrys best-selling jet engines Enables production of nearly 60 percent larger structural parts, broadening reach into large commercial jet engine market Supports growth of Alcoas value-add business in aerospace To create 329 jobs by 2019; 155 new jobs already added
NEW YORK & LA PORTE, Ind.--(BUSINESS WIRE)-- Lightweight metals leader... More
