Roy Harvey

Alcoa To Sell Gum Springs Waste Treatment Facility To Veolia

Alcoa To Sell Gum Springs Waste Treatment Facility To Veolia

Pittsburgh aluminium pioneer Alcoa Corporation announced earlier this week the sale Elemental Environmental Solutions (EES) and its waste treatment facility in Gum Springs, Arkansas to Veolia ES Technical Solutions (VTS) for US$250 million. Per Alcoa, the aluminium firm will be paid US$200...

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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 and transition to a model that combines sales, procurement, and other commercial capabilities […]

Trio Of Alcoa Plants Certified By Aluminium Stewardship Initiative

Pittsburgh aluminium pioneer Alcoa Corporation and the Aluminium Stewardship Initiative (ASI) announced on Tuesday the certification of three of Alcoa’s plants, one each in the company’s three business units. Brazil’s Juruti bauxite mine and Alumar alumina refinery, along with the San Ciprián aluminium smelter in Spain, were all certified against ASI’s Performance Standard for responsible […]

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 […]

Alcoa Transfers Interest In Aluminium Rolling Mill Joint Venture To Ma’aden

Pittsburgh aluminium pioneer Alcoa Corporation announced yesterday the amendment of its joint venture with Saudi Arabian Mining Company (Ma’aden), which will have the firm transfer its interest in a portion of the aluminium complex to Ma’aden along with a cash payment of US$100 million. Per the amended agreement, Alcoa will transfer to Ma’aden its 25.1-percent […]

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 […]