| What's New in Hungary |
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Significant Modernization Project at Alcoa Operations in Hungary Completed
February 21, 2008
SZEKESFEHERVAR, Hungary & NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) today announced the completion of a US$83 million, (Euro 70 million), major modernization investment project at Alcoa-Köfém, its operations in Székesfehérvár, Hungary. The project began in November 2005.
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June 5, 2007
Alcoa Foundation join forces with World Scouts in creating sustainability awareness for future generations
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Alcoa's Hungary Operations Named Most Efficient Based on Financial Measure
October 19, 2006
SZEKESFEHERVAR, Hungary & PITTSBURGH--(BUSINESS WIRE)--Alcoa announced today that its Alcoa-Köfém operation located in Szekesfehervar, Hungary was ranked as the “Most Efficient Company” by major business weekly Figyelö of the 200 largest corporations in the country based on ratios of Ebitda (earnings before interest, taxes, depreciation and amortization) to invested capital, a financial indicator. The award is based on 2005 figures.
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Alcoa's Hungary Operation Ships First Order of Turbine Airfoils
August 29, 2006
CLEVELAND & SZEKESFEHERVAR, Hungary--(BUSINESS WIRE)--Aug. 29, 2006--Alcoa's (NYSE:AA) operation in Hungary announced that it has shipped its first order of turbine airfoils from Alcoa-Kofem, Ltd.
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Alcoa’s Béla Forgó Sits Down For An Interview
May 4, 2006
Alcoa, an AmCham patron member, is the world’s leading aluminum producer, active in all major aspects of the industry, including mining, refining, smelting, fabricating and recycling.
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Alcoa Takes Action on Climate Change; Becomes Founding Reporter of The Climate Registry
January 15, 2008
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has become a Founding Reporter on The Climate Change Registry, a non-profit organization that measures and publicly reports greenhouse gas emissions (GHG) in a common, accurate and transparent manner consistent across industry sectors and borders.
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Alcoa Marks International Volunteer Day with Tribute to Alcoa Employees for their Record Volunteer Effort in 2007 Worldwide Month of Service
December 5, 2007
PITTSBURGH--(BUSINESS WIRE)--A record of more than 47,000 people participated in volunteer activities during Alcoa's 2007 Worldwide Month of Service held in October, it was announced today by Alcoa (NYSE:AA) and Alcoa Foundation.
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Alcoa Earns 'Best in Class' Status for Environmental and Social Performance; Added to Storebrand Best in Class Mutual Funds
November 6, 2007
NEW YORK--(BUSINESS WIRE)--Recognized for its leading environmental and social performance in the metals and mining industry, Alcoa announced today that it has earned 'Best in Class' status by Storebrand Investments and qualifies for the Storebrand Best in Class mutual funds and other Storebrand SRI (Socially Responsible Investment) mandates.
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Alcoa Chairman and CEO Alain Belda Participates in United Nations High-Level Event on Climate Change
September 24, 2007
NEW YORK--(BUSINESS WIRE)--Alcoa Chairman and CEO Alain Belda today told the largest ever meeting of world leaders on climate change convened by the Secretary-General of the United Nations Ban Ki-moon that he is convinced a global plan of action on climate change can be built in ways that create more economic opportunities than risks.
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As the 12th largest employer in Hungary and a major contributor to the community, Alcoa is recognized as an active participant in the country's successful transformation to a market-based economy. We first entered Hungary in 1993 by acquiring the state-owned Light Metal Works of Székesfehervár, now known as Alcoa-Köfém Kft. Today, we have four business investments operating in the country that produce and export innovative products and solutions for the aluminium ingot, packaging and consumer goods, automotive and industrial markets. These include rolling ingots, flat rolled products, automotive structures, truck bodies, wire harnesses, and wheels for trucks, trailers and buses. Highlights of the recognitions we have received include the 2001 and 2002 Business World for the Environment national award from the Hungarian Business Leaders Forum and the Business Ethical Award from the Budapest Club in 2001.
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