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April 24, 2007
Alcoa announces business unit, division name changes
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Independence, OH — Alcoa announced a new name of its investment cast and forged products business unit — Alcoa Power and Propulsion.
Serving the aerospace, defense, energy and industrial markets, Alcoa Power and Propulsion products are primarily used in jet engines and industrial gas turbines. "We believe that our new name identifies us by the markets and customers we serve rather than the products we make," said Raymond B. Mitchell, president of the business unit. "The name links us to our 'power' customers in the energy and industrial markets and our 'propulsion' customers in the aerospace and defense side of our business."
Additionally, the two divisions that make up this business unit were renamed. Alcoa Howmet, formerly Howmet Castings, recognizes the combined brand strength of the two organizations. And its Aerospace & Industrial Products division is now Alcoa Forged and Cast Products.
“Our new name reaffirms our position as an organization that has built an excellent reputation in the power and propulsion markets, based on our high technology products and services to our sophisticated customers around the world,” said Mitchell. Alcoa Power and Propulsion is a global leader in airfoil and structural investment castings, forged structural parts, and forged aircraft wheels. The business unit employs more than 11,000 people throughout 29 worldwide locations.
More about Alcoa Power and Propulsion
Alcoa Power and Propulsion, a major business unit of Alcoa Inc. (NYSE: AA), is a global leader in airfoil and structural investment castings, forged structural parts, and forged aircraft wheels. Serving the aerospace, defense, energy and industrial markets, its products are primarily used in jet engines and industrial gas turbines. Additional value-added products and services include hot isostatic pressing, specialty coatings, research and development, supply chain management, specialty tools, molds, and machinery.
About Alcoa
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 123,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com.
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