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| January 16, 2007
Alcoa Signs MOU With India's Council of Scientific & Industrial Research (CSIR)
Innovation Council Formed to Collaborate on Research Focusing on
Areas of Energy, Environment and Material Science
NEW DELHI, India & NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has signed a Memorandum of
Understanding (MOU) with India’s Council of
Scientific & Industrial Research (CSIR) to partner in collaborative
research projects that address critical global issues such as energy
efficiency, alternative and renewable energy sources, environmental
technologies as well as multi-material engineered solutions.
The MOU establishes the CSIR/Alcoa Leadership Innovation Council that
will steer and support innovations that generate value for both
organizations.
“CSIR is happy to partner with Alcoa on
challenging R&D activities that will help make tomorrow’s
world better,” said Director General R.A.
Mashelkar of CSIR. “We are looking forward to
connecting researchers with common purposes and common goals around
innovation.”
“We are excited to partner with the research
community in India and leverage our combined capabilities to develop
solutions for some of the most difficult problems that face governments
and business,” said Dr. Mohammad Zaidi,
Executive Vice President, Market Strategy, Technology and Quality,
Alcoa. “We are anxious to begin working on
projects with CSIR that we have identified as areas of mutual interest.”
Both CSIR and Alcoa will each have four standing members on the council,
which will be co-chaired by Dr. Swaminathan Sivaram, Director, National
Chemistry Laboratory of CSIR, and Dr. Ashok Nayak, Director, External
Innovations & Technology Strategy, Alcoa.
Some of the areas of initial focus include energy innovations to ensure
long-term sustainability of operations, environmental innovations that
use nano-technology and biotechnology to convert waste to products,
packaging innovations that provide next-generation solutions to
customers, and multi-material engineered solutions for a number of
markets.
About CSIR
Council of Scientific and Industrial Research is a premier R&D
organization of India, with a chain of 38 research laboratories spread
all over the country. CSIR covers a wide spectrum of science and
technology. It carries out research of value not only to industry, but
also to the other vital sectors of economy. Several national and
international companies have strategic linkages with CSIR to jointly
develop a new knowledgebase.
About Alcoa Technology
Alcoa’s global technology organization is
comprised of thousands of scientists, engineers and researchers around
the world dedicated to discovering and developing the next-generation of
Alcoa products, processes and services. Alcoa’s
scientific community is connected globally to research centers and
universities in Russia, China, India, Europe and the United States.
Founded on the innovative spirit of Charles Martin Hall and his patent
that sparked the entire aluminum industry, Alcoa has more than 2,600
active patents today. The company also owns the world’s
largest light metals research and development center, one of only two
light metals R&D centers in the world. Alcoa annually invests
approximately 1% of its revenues in R&D, which is helping to build a
foundation for Alcoa’s future.
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 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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