Arconic

Arconic To Sell Off Russian Aluminium Operations

Arconic To Sell Off Russian Aluminium Operations

Pittsburgh value-added aluminium firm Arconic Corporation said last week it is working towards divesting itself of its interests in its Russian portfolio. According to the firm, the decision is the result of a “thoughtful review” of the avenues available to it in...

Events

Arconic Announces US$100 Million Expansion At Knoxville Plant

American value-added aluminium firm Arconic Inc. announced yesterday a significant upgrade of the hot-mill facilities at its plant on the outskirts of Knoxville, Tennessee. Per the firm, the US$100-million investment at the plant in the town of Alcoa will update the hot mill equipment on site and add in new downstream equipment intended for use […]

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 […]