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| February 21, 2007
Alcoa Establishes Innovation Center in Russia
Partnerships With Leading Universities Focus on Innovationsin
Mining and Smelting Technologies
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has established an Innovation
Center of Excellence with leading universities in Russia to work on
research and development projects focused on innovative mining, refining
and smelting technologies.
“By establishing relationships with leading
universities, national labs and industry partner research and
development organizations in growing countries, Alcoa is multiplying its
knowledge pool and is continuing to position the company on the
cutting-edge of innovations within our key markets,”
said Mohammad Zaidi, Executive Vice President, Market Strategy,
Technology and Quality. “By collaborating with
the best and brightest around the world that have expertise in the
sciences at the foundation of our key markets, we are creating a
powerful leveraging engine.”
Alcoa has signed agreements with Moscow State University in Moscow, St.
Petersburg State Mining Institute in St. Petersburg, and Ural
Polytechnic University in Ekaterinburg to work on research and
development projects focused on transformational technologies in mining
and refining. This complements the projects already started by Alcoa in
Russia in the field of research. As of 2005, Alcoa Foundation has been
supporting a major program in Russia to support education in three key
technical universities in Moscow, Samara and Rostov-on-Don, the three
key regions where the company has its offices and production facilities.
“Today’s business
climate demands collaboration between business and universities, which
Alcoa has been doing for years,” said Dave
Olney, Vice President of Technology and Alcoa Business System (ABS) for
Alcoa World Alumina. “The scientific community
in Russia has a distinguished reputation, and we are excited by the
initial energy between our researchers and these universities.”
Alcoa’s Innovation Center of Excellence in
St. Petersburg, Russia, is part of a broader open innovation business
model that focuses leveraging R&D resources in rapidly developing
countries. Last month, Alcoa announced that it 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. In China,
Alcoa is working with Northeastern University (NeU) in Shenyang and
Central South University (CSU) in Changsha, both of which are under the
direct administration of the Ministry of Education of China. The
collaboration between Alcoa and NeU and CSU focuses on innovative
process technologies, energy efficiency, and nanotechnology.
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® 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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