Profile: Alcoa Inc (AA)
23 Sep 2016
Alcoa Inc., incorporated on September 18, 1888, is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications. It is also engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in various aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling. It has operations in approximately 30 countries. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. The Company also refines alumina from bauxite ore.
The Company's Alumina segment represents a portion of its upstream operations and consists of the Company's across the world refinery system. Alumina mines bauxite, from which alumina is produced and then it sells directly to internal and external smelter customers, as well as to the Primary Metals segment, or to customers, who process it into industrial chemical products. A portion of this segment's third-party sales are completed through the use of agents, alumina traders and distributors. Over half of its alumina production is sold under supply contracts to third-parties across the world, while the remainder is used internally by the Primary Metals segment.
The Company's Primary Metals segment represents a portion of its upstream operations and consists of the Company's across the world smelter system. Primary Metals purchases alumina from the Alumina segment, from which primary aluminum is produced and then sold directly to external customers and traders, as well as to its midstream operations and, to an extent, downstream operations. Primary aluminum produced by the Company and used internally is transferred to other segments at market prices. Buy/resell activity occurs when Primary Metals segment purchases metal and resells such metal to external customers or the midstream and downstream segments.
Global Rolled Products
The Company's Global Rolled Products segment represents its midstream operations and produces aluminum sheet and plate for a range of end markets. Approximately 50% of the third-party shipments in this segment consist of sheet sold directly to customers in the packaging end market for the production of aluminum cans. This segment also includes sheet and plate sold directly to customers and through distributors related to the aerospace, automotive, commercial transportation, building and construction, and industrial products (used in the production of machinery and equipment and consumer durables) end markets. A portion of this segment also produces aseptic foil for the packaging end market.
Engineered Products and Solutions
The Company's Engineered Products and Solutions segment represents its downstream operations and produces products that are used in the aerospace (commercial and defense), commercial transportation, and power generation end markets. These products include fastening systems (titanium, steel, and nickel alloys) and seamless rolled rings (nickel alloys), and investment castings (nickel super alloys, titanium, and aluminum), including airfoils and forged jet engine components (jet engine disks), all of which are sold directly to customers and through distributors. A part of this segment also produces various forging and extrusion metal products for the oil and gas, industrial products, automotive, and land and sea defense end markets.
Transportation and Construction Solutions
The Company's Transportation and Construction Solutions segment represents a portion of its downstream operations and produces products that are used in the nonresidential building and construction and commercial transportation end markets. These products include integrated aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels, which are sold directly to customers and through distributors. A part of this segment also produces aluminum products for the industrial products end market.
390 Park Ave
NEW YORK NY 10022-4608
Company Web Links
- BRIEF-Alcoa reports pricing of debt offering in connection with separation
- BRIEF-Alcoa announces proposed debt offering in connection with separation
- Some Japanese aluminium buyers agree to Q4 premium of $75 per tonne: sources
- Japan aluminium buyers to turn to spot markets, could crimp annual contracts
- Alcoa, Alumina settle dispute, clearing hurdle to Alcoa split