Arconic

Arconic Announces US$100 MM Expansion To Operations At Eastern Tennessee Aluminium Plant

Arconic Announces US$100 MM Expansion To Operations At Eastern Tennessee Aluminium Plant

Aluminium value-added firm Arconic plans a US$100 million expansion to its operations in eastern Tennessee. The firm says it will expand capacity for manufacturing industrial aluminium and aluminium sheet for beverage cans at the site. The increased capacity will add another 200...

Events

Increased Sales Volumes Help Boost Arconic’s Financials In 2018’s Final Quarter

American value-added aluminium firm Arconic released results for the fourth quarter and full year of 2018 last week, showing improvements across the board thanks in large part to increased sales volumes in both periods. For the year’s final quarter, Arconic posted revenue of US$3.5 billion, a 6-percent improvement on the year. Net income figured at […]

Arconic Mulling Buy-Out Offer From Apollo

Value-added aluminium firm Arconic Inc. may be only days away from a buy-out by private equity firm Apollo Global Management LLC according to unnamed sources who spoke to Bloomberg late last week. Per the sources, who spoke from behind the veil of anonymity, the deal would have Apollo buying Arconic’s stock at US$22 per share, […]

Arconic Beats Wall Street Estimates For Fourth Straight Quarter In 3Q

American value-added aluminium firm Arconic reported results for the third quarter of 2018 yesterday, beating Wall Street estimates for the quarter. Arconic reported a third-quarter revenue of US$3.5 billion, a 9-percent rise on the year. Net income for the quarter totaled US$161 million, up from US$119 million in last year’s penultimate quarter. Net income less […]

Sources Say Arconic In Sales Talks With Private Equity Firms

According to individuals professing a knowledge of the matter, value-added aluminium firm Arconic Inc. is conducting negotiations on offers for the sale of the entirety of the company. Per unnamed individuals who spoke with Reuters late last week, several private equity firms have confidentially expressed a serious interest in the company, including Blackstone Group LP […]