Alcoa Combines Wheel Products and Auto and Truck Structures Business into New Business Unit
March 1, 2008
Alcoa announced on March 3, 2008 that it has combined its Wheel Products business with its Auto and Truck Structures business to form a new business unit, called Wheel and Transportation Products. The change was made to capture adjacent growth opportunities and strengthen Alcoa's overall ground transportation portfolio. The company also said that effective immediately Kevin B. Kramer, 48, currently President, Alcoa Wheel Products, will become President, Wheel and Transportation Products.
The new business unit, headquartered in Cleveland, will serve the commercial vehicle, automotive, and defense markets with products used in a range of applications including forged aluminum wheels, aluminum space frames, specialized vacuum die cast products, niche products such as Dura-Bright® and Dura-Flange® wheels, as well as a variety of other aluminum components for these markets.
"We believe combining these two businesses will allow us to improve our already strong portfolio in the markets we serve. Our focus will continue to be on global growth, innovation and manufacturing excellence," said Kramer.
The new business unit will consist of three divisions:
Scott Kerns has been named Vice President and General Manager, Transportation Products. He has been Global Vice President, Marketing for Alcoa Wheel Products.
The Commercial Vehicle Wheel Division will continue to be led by Vice President and General Manager Tim Myers.
The Auto Wheel Division will continue to be headed by Michael Parnell, Vice President and General Manager.
Alcoa Wheel and Transportation Products employ 2,800 people at 30 locations worldwide.