Arconic Inc. completed the divestiture of Arconic Fusina Rolling Srl, its Fusina, Italy, rolling mill to Slim AluminiumSpA for approximately $60 million after tax. The transaction follows a thorough review process and is part of Arconic Global Rolled Products’ (GRP) continued drive to convert the business from a commodity producer to a high-margin aerospace and automotive supplier. The […]
Arconic, which recently launched as a standalone company, signed a multi-year contract with Airbus valued at approximately $1 billion, through which Arconic will supply aluminum sheet and plate for Airbus’ highest volume programs. The company’s most significant gain in the contract is in the A320 family of aircraft, which is Airbus’ highest growth program. The […]
Alcoa Inc. completed its separation into two standalone companies — Arconic Inc. and Alcoa Corporation (learn more about Alcoa Corporation). Arconic commences operation as a global leader in multi-materials innovation, precision engineering, and advanced manufacturing, with the aim of serving diverse markets including the aerospace, automotive, building and construction, commercial transportation, industrial solutions, and energy. “Today […]
Alcoa signed a long-term contract with Embraer, a leading manufacturer of commercial jets up to 130 seats. Under the multi-year agreement, valued at approximately $470 million, Alcoa will supply aluminum sheet and plate for Embraer’s new E2s, the second generation of its E-Jets family of commercial aircraft, a narrow-body medium-range jet airliner. The Embraer E-Jets […]
Alcoa announce that its separation into two independent, publicly-traded companies — an Upstream company and a Value-Added company — remains on track for completion in the second half of 2016. Alcoa has now revealed the name of its Value-Added company, Arconic. The Upstream company will continue to operate under the Alcoa name. According to Alcoa, the “Arconic” […]
