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Annual Report 2001
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Letter to Shareholders
Alcoa's Way
News.01
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Alcoa increased its equity in Elkem ASA to more than 40% and made a cash tender offer for the remaining shares, as required by Norwegian securities law. Elkem, through its partnership with Alcoa, is Norway’s second largest aluminum producer and the world’s largest supplier of silicon metal.

Alcoa and Dooray Air Metal Co. signed a definitive agreement for Alcoa to acquire Dooray’s aluminum extrusion assets in Changwon, marking Alcoa’s entrance into the aluminum market in Korea.

AFL acquired four wire harness plants from Siemens VDO Automotive AG of Germany. The facilities, located in Europe and Mexico, have helped AFL expand its customer base and made it a significant supplier to Volkswagen AG.

Alcoa Wheel Products purchased the remaining 25% ownership of Reynolds-Lemmerz Industries, a producer of cast aluminum wheels.

AFL Telecommunications acquired Laser Armor Tech Corp. and ISAC, enhancing AFL’s position in optical ground wire and extending its family of engineer, furnish and install companies. AFL also acquired majority ownership in Pacific 17, which designs and operates wireless communications sites.

Alcoa Engineered Products acquired REDD Team Mfg., Inc., a privately held maker of extruded aluminum products.

Alcoa Packaging Machinery, Inc. (APMI) acquired some assets of Didde Web Press Corp., a producer of narrow web offset printing presses, and the assets of Preferred Machinery Corp., a manufacturer of food and beverage handling equipment.

Left to Right
Robert Woodward, Marrinup, Western Australia

Norman Mytton
Kitts Green, UK

Rich Fennessey, Massena, New York, USA

Ron Glah and Sandra Beach Lin, Indianapolis, Indiana, USA
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