Alcoa (AA) Announces Plans to Curtail Some Smelting, Refining Capacity

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Go back to Alcoa (AA) Announces Plans to Curtail Some Smelting, Refining Capacity

Alcoa (AA) Updates on Progress Toward Three-Year Targets, Company Separation

November 4, 2015 2:11 PM EST

Alcoa (NYSE: AA) reported progress on the Companys performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. Alcoa also outlined a clear roadmap to complete its separation in the second half of 2016. The Company delivered the update at its 2015 Investor Day event in Grand Rapids, Michigan.

Alcoas transformation continues to create exciting profitable growth in our Value-Add business and lower the cost position of our Upstream business to ensure success throughout the cycle, said Klaus Kleinfeld, Chairman and Chief Executive Officer. Culminating our successful... More