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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.

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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 The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007.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

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Further Resources

Title
Author
Link
Type
Date

AA - Alcoa Corp Profile | Reuters

Reuters Editorial

https://www.reuters.com/companies/AA

Web

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

https://finance.yahoo.com/quote/aa/profile/

Web

Alcoa Inc. - AnnualReports.com

https://www.annualreports.com/Company/alcoa-inc

Web

Alcoa Inc. Needed Electricity | Alcoa, TN

https://www.cityofalcoa-tn.gov/188/Alcoa-Inc-Needed-Electricity

Web

Bloomberg - Are you a robot?

https://www.bloomberg.com/quote/AA:US

Web

References

alcoa.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Manufacturing
Manufacturing
Advanced Manufacturing
Advanced Manufacturing
Port and Harbor Operations
Port and Harbor Operations
Mining
Mining
‌
Other Metal Ore Mining
Aluminum
Aluminum
Innovation management
Innovation management
Automotive
Automotive
...
Location
New York City
New York City
Pittsburgh
Pittsburgh
B2X
B2B
B2B
CEO
‌
Roy Harvey
Founder
Charles Martin Hall
Charles Martin Hall
‌
Arthur Vining Davis
Alfred E. Hunt
Alfred E. Hunt
Andrew Mellon
Andrew Mellon
Pitchbook URL
pitchbook.com/profiles...117601-48
Legal Name
Alcoa Corporation
Subsidiary
‌
Kawneer
‌
Howmet Castings
‌
Reynolds Group Holdings
‌
Alcoa Power Generating Inc.
Legal classification
Public company
Public company
Number of Employees (Ranges)
10,000 – 49,999
Number of Employees
12,200
Full Address
201 Isabella Street Suite 500 Pittsburgh, PA 15212-5858 United States
CIK Number
4,281
1,675,149
Place of Incorporation
Pennsylvania
Pennsylvania
DUNS Number
167078596
IRS Number
250,317,820
Founded Date
January 1, 1888
Email Address
jim.beck@alcoa.com
Phone Number
+14125534545
+14123152900
Competitors
Alumni Ventures Group
Alumni Ventures Group
Howmet Aerospace
Howmet Aerospace
Arconic
Arconic
Vsmpo Avisma
Vsmpo Avisma
Stock Symbol
AA
Exchange
New York Stock Exchange
New York Stock Exchange
CFO
William F. Oplinger
William F. Oplinger
NAICS Code
423,510
CAGE Code
4D1R2
Patents Assigned (Count)
311
Legal Entity Identifier
549300T12EZ1F6PWWU29
Wellfound ID
alcoa-6

Other attributes

Country
United States
United States
Headquarters
New York City
New York City
SIC Code
3,350
3,334
Wikidata ID
Q135325
Company Operating Status
Active
Contact Page URL
alcoa.com/global/en/...act/general
Ticker Symbol
AA
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