Alcoa

Alcoa Revamps Operating Model

Alcoa Revamps Operating Model

Pittsburgh aluminium pioneer Alcoa Corporation announced the implementation of a radical new operating model on Monday that the firm believes will make it more agile and responsive to customers’ needs. Beginning November 1, Alcoa will do away with its business unit structure...

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Events

Workers Trickle Back To Aluminerie de Bécancour As 17-Month Lockout Ends

Workers Trickle Back To Aluminerie de Bécancour As 17-Month Lockout Ends

Aluminerie de Bécancour’s (ABI) unionized workforce began making its way back into the plant on Friday, marking the end of one of Quebec’s longest lockouts. United Steelworkers members are returning to the plant thanks to a vote earlier this month to accept what Alcoa characterized as a final offer. The plant’s 900-strong union workers voted […]

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Weak Alumina And Aluminium Prices Hinder Alcoa’s Profitability In Q2

Weak Alumina And Aluminium Prices Hinder Alcoa’s Profitability In Q2

Pittsburgh aluminium pioneer Alcoa Corporation reported results for the second quarter of 2019 yesterday. Weaker alumina and aluminium prices teamed up with the sale of the firm’s interest in a Saudi Arabian joint venture to scare off profits. In the second quarter, Alcoa reported revenue of US$2,711 million, essentially level quarter-on-quarter from last quarter’s revenue […]

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Alcoa Reaches Deal For Purchase Of Avilés And La Coruña Aluminium Plants In Spain

Alcoa Reaches Deal For Purchase Of Avilés And La Coruña Aluminium Plants In Spain

Yesterday Pittsburgh aluminium pioneer Alcoa Corporation announced that it has come to an agreement with Swiss private equity firm PARTER Capital Group AG to purchase Spain’s Alcoa Avilés and La Coruña aluminium smelters. The two Spanish plants, which include casthouses and a paste plant at La Coruña as well as two curtailed smelters, have been […]

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Canada’s Government To Invest C$10 Million In Expansion Of Alcoa Aluminerie de Deschambault

Canada’s Government To Invest C$10 Million In Expansion Of Alcoa Aluminerie de Deschambault

Following up on a promise to help shield the dominion’s aluminium industry from recent instability, the Canadian government announced a major funding grant for Alcoa’s Deschambault Aluminerie earlier this week. Speaking on behalf of Minister of Innovation, Science and Economic Development Navdeep Bains, Canada’s Minister of Families, Children and Social Development Jean-Yves Duclos revealed on […]

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Aluminium Tariffs Are Bad, But Quotas Are Worse: Alcoa CEO Harvey

Aluminium Tariffs Are Bad, But Quotas Are Worse: Alcoa CEO Harvey

In light of reports that negotiators from the United States government are pushing for quotas to replace the Section 232 tariffs on aluminium and steel on imports from Mexico and Canada, Alcoa’s top man echoed sentiments made by negotiators in opposition to a quota system late last week. In an earnings call last week, Alcoa […]

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