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October 17, 2006

Prestigious Supplier Credential - Alcoa Wheel Products Celebrates Finalist Status for 2007 Automotive News PACE Award

CLEVELAND--(BUSINESS WIRE)--Alcoa Wheel Products is a finalist in the prestigious 2007 Automotive News PACE Award competition. The 13th annual PACE (Premier Automotive Suppliers’Contribution to Excellence) Award is presented by Microsoft, SAP, Transportation Research Center Inc. (TRC Inc.) and Automotive News.

Alcoa Wheel Products was recognized for its Dura-Bright® Wheels with XBR Technology. The truly unique properties of this patented surface technology create a cross-linked system that actually penetrates the aluminum to become an integral part of the wheel. Unlike coated wheels, it will not peel, crack, corrode, or chip. Dura-Bright® wheels only require rinsing with water to maintain their extremely bright polished appearance. Kevin Kramer, President of Alcoa Wheel Products, was quoted as saying, “We are truly honored to be considered as a finalist for this prestigious award. The Dura-Bright® technology has been a huge success in our commercial transportation wheel business, which will allow us to extend it into the automotive industry. This recognition further reinforces the value of our commitment to technology innovation.”

Recognizing superior innovation, technological advancement and business performance, the Automotive News PACE Award is open to suppliers that contribute products, processes, materials or services directly to the manufacture of cars or trucks. The award is accepted around the world as the industry symbol of innovation.

Alcoa Wheel Products is a finalist in the Product category which recognizes innovations in new products or services or in new product and service development and introduction processes that have significant market impact and act as “game changers” in the automotive industry.

The Automotive News PACE Award also recognizes suppliers’ superiority in three additional categories: Product – Europe, Information Technology and Services, and Manufacturing Process and Capital Equipment.

Alcoa Wheel Products, along with other Automotive News PACE Award finalists, will undergo an extensive review process – including a site visit – by industry, academic and business leaders to select award winners, to be announced during the 2007 Society of Automotive Engineers conference in Detroit at a gala ceremony at the Max M. Fisher Music Center on April 16. For complete details of the 2007 Automotive News PACE Award visit www.autonews.com/PACE.

About Alcoa Wheel Products

Alcoa Wheel Products is headquartered in Cleveland, Ohio, and employs more than 3,000 associates in seven locations globally. The Alcoa business unit manufactures cast and forged aluminum wheels for the heavy truck, automotive, and motorcycle industries.

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(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 43 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.