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What's New Archive 2009
August 24, 2009
Three new managers in the Alcoa Fjardaál smelter
Three new managers have joined the Alcoa Fjardaál management team. Magnús Thór Ásmundsson is the new Manager of Production Development, Gudný Björg Hauksdóttir Manager of Safety and Health and Jóhann F. Helgason Manager of Reliability. Whereas earlier, three of the company’s twelve managers were women, they are now four.
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August 24, 2009
Failure in landing equipment caused alumina drift
A failure occurred in landing equipment when alumina was being unloaded from a carrier in Mjóeyri harbor by the Alcoa Fjardaál smelter last Saturday, August 22nd. As a result of the failure, alumina fell down on the top of the alumina silo. Some dust drifted over the surrounding area because of the incident, but cleanup was swift and successful and was finished on Sunday.
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July 9, 2009
Alcoa Second Quarter 2009 Results – Solid Cash Performance
Alcoa yesterday announced it generated cash from operations in the second quarter of 2009 of $328 million, a $599 million improvement from the first quarter. This improvement was driven by the Company’s wide-ranging financial and operational initiatives to reduce costs, increase cash, and strengthen its balance sheet.
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July 2, 2009
Average salary highest in East Iceland
The number of residents in Fjardabyggd municipality has grown by 19% between the years of 2002 and 2008. The average salary has, during this period, been higher in East Iceland than any other area outside the capital area.
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July 1, 2009
Northern Sprouts appear in Northeast Iceland
Today, the Alcoa Foundation presented the University of Akureyri (UNAK) with a grant of 52,500 US dollars to launch an innovation programme under the name of Northern Sprouts. Alcoa in Iceland, the University of Akureyri and Impra Innovation Centre founded the collaboration project late last winter. The project focuses on supporting innovation ideas by individuals seeking employment in Norheast Iceland, possibly leading to more job opportunities in this quarter of Iceland.
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June 30, 2009
Alcoa not involved in currency speculation
Because of recent media discussion about the Icelandic aluminium companies' purchase of Icelandic kronur, Alcoa in Iceland wishes to state the following:
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May 18, 2009
Alcoa Foundation grant to the East Iceland Occupational Rehabilitation Centre
The Alcoa Foundation has decided to grant the East Iceland Occupational Rehabilitation Centre with 70,000 US$ over a two-year period. Steinthór Thórdarson, HR Manager of Fjardaál, presented the the first part of the grant, 35,000 US$ to the Centre today.
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April 29, 2009
National Theatre Festival's finale well attended
The finale of the National Theatre Festival – a grassroots project of the National Theatre's Education Department and the Cultural Centre of Fljotsdalsherad District – was held in Egilsstadir last weekend. The Alcoa Foundation is one of the project's supporters.
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April 16, 2009
Popular summer jobs in the Alcoa Fjardaál smelter
More than 550 applications were received for advertised summer jobs in the Alcoa Fjardaál smelter in Reydarfjordur, East Iceland. The company will hire 60 people for temporary jobs in production and some tradesman positions. The deadline for applications was April 14th and hiring will take place during the next few weeks.
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April 14, 2009
Alcoa’s 2008 Sustainability Report Details Commitment to Communities, Customers and Shareholders
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today the release of its 2008 Corporate Sustainability Report, an annual account of the company’s global environmental, social, and economic performance. The report is available online in the sustainability section of Alcoa’s website at www.alcoa.com/sustainability
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March 19, 2009
Alcoa Announces Successful Pricing on Common Stock and Convertible Debt Offerings
Alcoa Inc. today announced that it has successfully priced its public offerings of common stock and convertible notes. The offerings were made pursuant to the Company's registration statement and prospectuses filed with the Securities and Exchange Commission. Total proceeds from the offerings are approximately $1.3 billion.
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March 17, 2009
Alcoa Fjardaál signs sponsor agreement for UMFÍ National Competition in July 2009
Co-operation agreements were signed today between the Icelandic Youth Association (UMFÍ) and five companies regarding the 26th UMFÍ Annual Competition held in Akureyri 9-12 July this summer. The main sponsors of the National Competition are Alcoa Fjardaál and KEA. Other sponsors include Icelandair Group, Saga Capital and Landsbankinn (National Bank of Iceland).
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March 17, 2009
Alcoa Takes Decisive Action: Cost Structure Improved and Liquidity Reinforced
Alcoa (NYSE:AA) announced today a series of operational and financial actions to significantly improve the Company’s cost structure and liquidity. The operational actions will reduce costs by more than $2.4 billion annually, reduce capital expenditures an additional $1.0 billion in 2010, and improve working capital by $800 million in 2009. The Company is reducing the quarterly common stock dividend from $0.17 to $0.03 per share, saving more than $400 million annually, and launching a public offering of common stock and convertible notes planned to yield proceeds of approximately $1.1 billion.
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March 10, 2009
FORTUNE Names Alcoa Most Admired Metals Company
Alcoa is the world’s most admired metals company according to Fortune magazine’s annual survey of the World’s Most Admired Companies. On newsstands starting Monday, March 9, 2009, Fortune’s Most Admired Ranking is the definitive report card on corporate reputation.
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March 2, 2009
Alcoa Foundation grant helps Icelandic Church Aid to face a 300% increase in aid requests
Tómas Már Sigurdsson, director of Alcoa Iceland, presented today Jónas Thórir Thórisson, manager of the Icelandic Church Aid, with a grant of 5.8 million Icelandic krona (50,000 US$) from the Alcoa Foundation in the US.
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February 24, 2009
Alcoa Continues Commitment to Communities
Alcoa and Alcoa Foundation have confirmed a continued commitment to corporate citizenship and community sustainability amidst the economic downturn, reporting 2008 community contributions that included record employee volunteerism and philanthropic giving focused on building community resilience.
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February 19, 2009
Draft joint EIA scoping proposal submitted for Bakki-related projects
Alcoa, Theistareykir ehf., Landsvirkjun and Landsnet hf. are now working together on a joint Environmental Impact Assessment (EIA) for a smelter in Bakki by Húsavík, the Theistareykir Power Project, Krafla II Power Project and the transmission lines from the geothermal areas to Bakki.
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February 16, 2009
Alcoa Continues to Reduce Greenhouse Gas Emissions in Primary Aluminum Production Through Operational Excellence
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it continues its leadership position on climate change by achieving a 36 percent reduction in total direct greenhouse gas emissions in 2008 from its worldwide primary aluminum production process, a 3 percent reduction over 2007 levels.
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January 31, 2009
Alcoa Again Named One of the World's Most Sustainable Corporations at Davos
Alcoa announced this week that it was named as one of the most sustainable corporations in the world in the fifth annual Global 100 ranking of the top role models in sustainable business practices, during the World Economic Forum in Davos, Switzerland. Alcoa has attained the sustainability ranking every year since the Global 100 was launched in 2005. Alcoa is the only U.S. based company named to the list from the Materials sector.
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January 27, 2009
Iceland‘s biggest theater festival held in East-Iceland this spring
Thirteen young actor‘s groups in East-Iceland are now preparing to stage three new Icelandic plays. The staging is part of „Thjódleikur“ – a young people‘s theater festival in East Iceland, which is a co-operative venture between the National Theatre of Iceland and the Fljótsdalur Municipality Cultural Centre. Tómas Már Sigurdsson, Director of Alcoa in Iceland, presented the venture‘s leaders with a grant of 21,300US$ from the Alcoa Foundation at a ceremony in the Alcoa Fjardaál smelter in Reydarfjördur this afternoon.
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January 27, 2009
Alcoa Continues Leadership Position in International Ethical Reputation Ranking
Alcoa announced today that it has achieved the top ranking in the Basic Resource category of the 2008 Covalence Ethical Ranking, a methodology that gauges the reputation of international companies. Alcoa was also chosen as one of the top ten ethical companies across all industries and companies. It has been ranked first in the metals and mining industry and in the top ten among all companies since the ranking began in 2005.
Covalence is a Geneva-based NGO that closely monitors 18 sectors comprising 541 companies that are included in the Dow Jones Sector Titans stock index. Its methodology has become the barometer of how multinationals are perceived in the ethical field. Data is classified according to 45 criteria such as labor standards, waste management, product social utility or human rights policy. This year, Covalence increased the number of sectors and companies it monitors to 18 sectors from 10 and 541 companies from 300 companies previously.
“Our values guide our behavior at every level across Alcoa worldwide. We are proud of the continued recognition of Alcoa as a company respected for our strong character and principles,” said Klaus Kleinfeld, Alcoa President and CEO.
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January 26, 2009
Children and young people supported to travel to sports practice
Around eighty children benefit by grants from a new travel fund established by the sports association Héradssamband Thingeyinga (HSTH). The first grants were presented today, to 24 parent groups and HSTH clubs that have transported children to HSTH practices. These recipients have driven children 58,501 km (36,350 miles) to practices in the grant period, from January to August 2008.
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