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Alcoa Kofem Honored With First-Ever Corporate Citizenship and Social Responsibility Award PITTSBURGH--(BUSINESS WIRE)--Oct. 27, 2003--Alcoa Inc. (NYSE:AA)
announced today that its Alcoa-Kofem facility in Szekesfehervar,
Hungary was the recipient of the first-ever Good Corporate Citizenship
and Social Responsibility Award from Figyelo, the leading Hungarian
business and economic journal. In presenting the award, Figyelo cited
Alcoa and Alcoa Foundation for its social responsibility behavior. In
the past, Figyelo has presented the national awards to companies based
on economic performance only.
Alcoa has played a key role in developing strong community
relations since it first entered Hungary in 1993 when it acquired the
state-owned Light Metal Work of Szekesfehervar, now known as
Alcoa-Kofem Kft. Since then, the Alcoa Foundation has approved an
aggregate amount of $2.7 million for the Hungarian non-profit sector.
This amount supported some 200 projects selected jointly by Alcoa's
management team and local communities in Hungary. One that enjoyed
particular attention was the rehabilitation of a recreation area,
called "Salt Lake Park," in Szekesfehervar.
Alcoa-Kofem produces extrusions and rolling ingots, flat rolled
products, automotive structures, truck bodies, plastic closures, wire
harnesses, and wheels for trucks, trailers and buses. It serves
customers in the aluminum ingot, packaging and consumer goods,
automotive and industrial markets. Alcoa has more than 5,000 employees
in Hungary at five plants.
Alcoa Inc. is the world's leading producer of primary aluminum,
fabricated aluminum, and alumina. It has 127,000 employees in 40
Note to editors: Please note there should be an accent mark above
the 'e' in "Kofem" and above the first 'e' and the 'a' in
"Szekesfehervar." Also, there should be an umlat above the 'o' in
"Kofem" and above the 'o' in "Figyelo." These marks were removed for
transmission purposes only.