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Alcoa

Alcoa

Alcoa is a producer of aluminum founded in 1888 by Andrew Mellon, Charles Martin Hall, Alfred E. Hunt and Arthur Vining Davis.

Alcoa Corporation (an acronym for Aluminum Company of America) is an American industrial corporation. It is the world's sixth largest producer of aluminum, with corporate headquarters in Pittsburgh, Pennsylvania. Alcoa conducts operations in 10 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.

In May 2007, Alcoa Inc. 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 The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007.

On November 1, 2016, Alcoa Inc. split into two new entities: Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and Arconic, which processes aluminum and other metals.

After having relocated corporate operations to New York City in 2006, Alcoa moved its headquarters back to Pittsburgh effective September 1, 2017.[9] In October 2018, Alcoa announced plans to move from Pittsburgh's North Shore to a more downtown Pittsburgh location.

Established in 1952, the Alcoa Foundation works to protect and preserve the environment by building partnerships and educating tomorrow’s leaders.

Alcoa Foundation supports programs that create sustainable value for the communities where we operate. Our goal is to contribute to programs that protect and preserve the environment while also promoting equitable access to education and skills-building opportunities.

Environmental record

The Political Economy Research Institute ranks Alcoa 15th among corporations emitting airborne pollutants in the United States. The ranking is based on the quantity (13 million pounds in 2005) and toxicity of the emissions. In April 2003, Alcoa Inc. agreed to spend an estimated $330 million to install a new coal-fired power plant with state-of-the-art pollution controls to eliminate the vast majority of sulfur dioxide and nitrogen dioxide emissions from the power plant at Alcoa's aluminum production facility in Rockdale, Texas. The settlement was the ninth case the Bush administration pursued to bring the coal-fired power plant industry into full compliance with the Clean Air Act. Alcoa was unlawfully operating at the Rockdale facility since it overhauled the Rockdale power plant without installing necessary pollution controls and without first obtaining proper permits required by "New Source Review" program of the Clean Air Act. In February 1999, Alcoa cleaned soils and sediment contaminated with polychlorinated biphenyls (PCB) and lead at the York Oil federal Superfund site in Moira, New York, in accordance with the Environmental Protection Agency. The site, a former waste oil recycling storage facility, accepted waste oil from a number of companies, including Alcoa. The facility was improperly managed and operated and, as a result, soils on the York Oil Property and nearby wetlands sediments and groundwater were contaminated. The United States Environmental Protection Agency (EPA) issued a Superfund Unilateral Order on December 31, 1998, requiring Alcoa to excavate, treat and dispose of the contaminated wetlands sediments.

Timeline

April 2017
Alcoa announced that it would relocate its corporate headquarters back to Pittsburgh as part of a general consolidation of administrative facilities around the world.
June 2016
Alcoa Inc. announced plans to split itself into two companies.
January 9, 2014
Alcoa reached a settlement with the U.S. Securities and Exchange Commission and the U.S. Department of Justice over charges of bribing Bahraini officials.
June 2013
Alcoa announced it would permanently close its Fusina primary aluminum smelter in Venice, Italy.
July 16, 2012
Alcoa announced that it would take over full ownership and operation of Evermore Recycling and make it part of Alcoa's Global Packaging group.
March 8, 2008
Klaus Kleinfeld was appointed CEO of Alcoa, succeeding Alain Belda.
2006
Alcoa relocated its top executives from Pittsburgh to New York City.
2005
Alcoa acquired two major production facilities in Russia, at Samara and Belaya Kalitva.
2004
Alcoa's specialty chemicals business was sold to two private equity firms led by Rhône Group for an enterprise value of $342 million, which included the assumption of debt and other unfunded obligations.
2001
Alcoa purchased an 8% stake of Aluminium Corporation of China (Chalco).

Patents

Further reading

Title
Author
Link
Type
Date

AA - Alcoa Corp Profile | Reuters

Reuters Editorial

Web

Alcoa Corporation (AA) Company Profile & Facts - Yahoo Finance

Web

Alcoa Inc. - AnnualReports.com

Web

Alcoa Inc. Needed Electricity | Alcoa, TN

Web

Bloomberg - Are you a robot?

Web

Documentaries, videos and podcasts

Title
Date
Link

Turning Raw Potential Into Real Progress_Alcoa (Our Purpose)

November 3, 2021

News

Title
Author
Date
Publisher
Description
Commercial Metals Company
February 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced with great sadness the passing, on February 13, 2021, of Richard B. "Rick"...
Sian Johnson
February 14, 2021
www.abc.net.au
About a third of the koalas living near an aluminium smelter in Victoria had to be put down during a study last year, raising questions about the impact of the plant on native wildlife.
Sian Johnson
February 10, 2021
www.abc.net.au
Authorities are investigating how a koala found near where one was relocated from a smelter facility was so seriously burnt and in distress it later had to be euthanased.
United Steelworkers (USW)
December 17, 2020
www.prnewswire.com:443
/PRNewswire/ -- The United Steelworkers (USW) today said that the union has sought a preliminary injunction in a lawsuit before the Southern District of...
Sarah Jane Bell
December 13, 2020
www.abc.net.au
Federal funding to underwrite Alcoa's Portland aluminium smelter is hailed as a lifeline for hundreds of workers, but as a lost opportunity for Victoria to move towards renewable energies.
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