RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--The Ma?aden Alcoa (NYSE: AA) aluminum joint venture today announced that it has poured the first concrete in the construction of the region?s first alumina refinery at the fully integrated aluminum complex at Ras Al Khair. Once complete, the refinery will initially produce 1.8 million metric tonnes of smelter-grade alumina per year. In another first within the Kingdom, the refinery will utilize a technologically advanced, engineered natural syste
PITTSBURGH--(BUSINESS WIRE)--Alcoa (NYSE: AA) will be at Super Bowl XLVI this Sunday in Indianapolis, Ind., in more ways than one. The award-winning Lucas Oil Stadium, host site of the Super Bowl football game, features several products made by Alcoa?s Kawneer architectural aluminum products business. Alcoa Foundation is also contributing to the big game by helping the City of Indianapolis ?go-green? by encouraging football fans to recycle their aluminum beverage cans. Every visitor?including th
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that the Alcoa Board of Directors has elected Paula Davis a vice president of the company. Davis has been President of the Alcoa Foundation since 2010. Founded more than 50 years ago, Alcoa Foundation is one of the largest corporate foundations in the United States, having invested more than $530 million since 1952. ?Under Paula?s leadership, the Alcoa Foundation has significantly increased employee volunteerism at all levels and strengt
NEW YORK--(BUSINESS WIRE)--Alcoa expands aluminum lithium capacity to meet growing aerospace demand for its newest leading edge alloys that make planes lighter, more fuel efficient and less expensive to produce, fly & maintain.
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Alcoa (NYSE:AA) declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2012 to shareholders of record at the close of business on February 3, 2012 and (b) a quarterly dividend of 93.75 cents per share on Alcoa?s $3.75 cumulative preferred stock payable April 1, 2012 to shareholders of record at the close of business on March 9, 2012. About AlcoaAlcoa is the world?s leading producer of primary and fabricated al
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that its Board of Directors has appointed Sir Martin Sorrell, 66, a director of the company. Sorrell is founder and Chief Executive of WPP, the world?s largest advertising and marketing services group with 2,400 offices in 107 countries. Sorrell founded WPP in 1985 and, through acquisitions and strategic investments, the Group?s worldwide companies have grown to include some of the most well-known agencies in the communications services
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that its Brazilian operations has received Gold Certification from the Brazil Greenhouse Gas (GHG) Protocol Program for transparency in reporting and quantifying its emissions inventories in 2010. The certification was granted following an assessment by independent Brazilian auditor Vanzolini Foundation. Alcoa was one of the first companies in Brazil to participate in the GHG Protocol Program. ?Receiving certification shows the efforts t
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) today reported a loss from continuing operations of $193 million, or $0.18 per share, in fourth quarter 2011 on restructuring charges associated with the closure and curtailment of high-cost production capacity, lower aluminum prices, and continued market weakness. Excluding the net negative impact of restructuring and other special items, the loss from continuing operations was $34 million, or $0.03 per share. The fourth quarter 2011 loss compares to i
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE: AA) announced today that the Company intends to curtail operations at three European aluminum smelters as part of a previously announced restructuring in its Global Primary Products business. The restructuring will reduce the Company?s global smelting capacity by 12 percent or 531,000 metric tons. Operations at Alcoa?s Portovesme, Italy, as well as La Coruña and Avilés, Spain, smelters are designated for curtailment, with the intended actions to be complet
