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May 12, 2011

Alcoa, CCIEE Announce Memorandum of Understanding to Increase Global Cooperation

BEIJING, China--Alcoa (NYSE:AA) and the China Center for International Economic Exchange (CCIEE) announced today that they will collaborate on a number of substantive issues ranging from economic development to environmental protection.

This is the first such agreement between CCIEE and a Western corporation.

The agreement was signed in Beijing by Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld and CCIEE Secretary General Wei Jianguo.

“This is an important step in bilateral research cooperation,” Kleinfeld said. “Companies like Alcoa are part of the solution to today’s energy and environmental issues in China and around the world. By sharing best practices and leveraging our respective human and technological capital, we can achieve great successes.”

Wei added, “CCIEE is dedicated to producing impactful research and policy recommendations. This MoU marks an important step for CCIEE, as partnering with a sustainable global company like Alcoa will greatly enhance CCIEE’s global influence.”

The MoU will build on the initiatives already underway between Alcoa and CCIEE. The cooperation will be conducted through a special task force that will facilitate information sharing and regular meetings between the parties. Further, Alcoa and CCIEE will strengthen cooperation in the field of advisory and consulting.

“Alcoa and CCIEE understand that the world's environmental challenges can best be met by the people of the U.S. and China working together,” CCIEE Chairman Zeng Peiyan said. "This MoU will make substantial progress on this front."

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for nine consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

About CCIEE

CCIEE is an association with the mission of promoting international economic research and exchange and providing consulting services. CCIEE attracts experienced economic researchers who work closely with economic research organizations in various fields to conduct research on major economic and environmental issues and policies with a view to providing think tank services to the government, society and enterprises.