Aluminum Company Of America
Alcoa logo designed by Saul Bass in 1963
|
|
| Public | |
| Traded as |
|
| Industry | Metals |
| Founded | Pittsburgh, Pennsylvania, U.S. (1888) |
| Founder | Charles Martin Hall |
| Headquarters |
Lever House, Midtown Manhattan, New York City (Operational base in Pittsburgh) |
|
Area served
|
Worldwide |
|
Key people
|
Klaus Kleinfeld (Chairman and CEO) |
| Products | Value-add products made of titanium, nickel and aluminum, as well as bauxite, alumina and primary aluminum |
| Revenue |  $ 23.0 billion (FY 2013) |
|
$ 1.2 billion (FY 2013 Total Segment ATOI)
|
|
 $ −2.3 billion (FY 2013)
|
|
| Total assets |
$ 35.7 billion (FY 2013)
|
| Total equity |
$ 16.5 billion (FY 2013)
|
|
Number of employees
|
60,000 (December 2013) |
| Website | alcoa |
Alcoa Inc. (from Aluminum Company of America) is an American industrial corporation, it ranks as the world's third largest producer of aluminum, behind Rio Tinto Alcan and Rusal, with corporate headquarters in New York City. It is the world's largest Aluminium company by revenue. From its operational base in Pittsburgh, Pennsylvania in the United States, Alcoa conducts operations in 31 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. Aluminum and alumina represent more than three-fourths of Alcoa’s revenue. Non-aluminum products include precision castings and aerospace and industrial fasteners. Alcoa’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications.
In May 2007 Alcoa made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007.
Among Alcoa's other businesses are fastening systems, building products (Kawneer), and Howmet Castings. The sale of the packaging unit was announced on December 21, 2007, and closed in the first quarter of 2008. On November 1, 2016, Alcoa split into two new entities: Alcoa and Arconic. The split completed a process that was initiated by the company in September 2015.
In 1886, Charles Martin Hall, a graduate of Oberlin College, discovered the process of smelting aluminum, almost simultaneously with Paul Héroult in France. He realized that by passing an electric current through a bath of cryolite and aluminum oxide, the then semi-rare metal aluminum remained as a byproduct. This discovery, now called the Hall-Héroult process, is still the only process used to make aluminum (however, see also Bayer process).
...
Wikipedia