What's New Archive 2011

December 27, 2011
Alcoa Names Sigurdsson President, European Region and Global Primary Products Europe
Alcoa announced today that Tómas Már Sigurdsson, Managing Director Alcoa Fjardaál, is appointed President, European Region and Alcoa Global Primary Products (GPP) Europe effective January 1, 2012. Sigurdsson succeeds Marcos Ramos who has assumed new responsibilities as President of GPP in Latin America and the Caribbean. Sigurdsson’s successor will be announced at a later date.
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December 8, 2011
Lights turned on the tallest Christmas tree in Iceland this year This week, the lights were lit on the tallest Christmas tree in Iceland this year at a formal ceremony by the Alcoa Fjardaál smelter in Reydarfjördur. Children from two local playschools attended the ceremony on December 7th, and sang Christmas carols for the guests.
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October 26, 2011
Alcoa Fjardaál receives AOSH Company of the Year Award Alcoa Fjardaál has received the Icelandic Administration of Occupational Safety and Health's (AOSH) recognition as the Company of the Year for its Central Workshop. The AOSH presents the award once a year to a company that has shown excellence in a particular field in the spotlight that year.
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October 20, 2011
Alcoa discontinues development of Bakki Smelter Alcoa has announced that the company has decided to discontinue the development of a proposed aluminum smelter in Bakki near Húsavík in Northern Iceland after concluding that a long-term, competitively priced power supply would not be available.  The conclusion follows more than five years of project development.
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October 11, 2011
Alcoa Third Quarter Revenue, Earnings Higher Than Year-Ago Quarter, Down Sequentially on Lower Prices and European Market Weakness Alcoa yesterday reported increased third quarter revenue and earnings compared to the year-ago quarter, but lower results sequentially, primarily due to lower metal prices, seasonal factors and weakness in Europe.
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October 10, 2011
Alcoa Fjardaal employees in Pink Relay Run to support cancer research The pink month of October – breast cancer awareness month – was launched in style in Reydarfjordur on Sunday, October 9th, when sixty people, Fjardaál employees, spouses, children and other volunteers, participated in the “Pink Relay Run” around the fjord to raise funds for the East-Iceland Cancer Association. The Alcoa Foundation supported the project with a 3,000 US$ contribution which the volunteers will present to the association.
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October 7, 2011
Smelter and nearby buildings lit in pink for cancer awareness month Some constructions on the Alcoa Fjardaál smelter site, including the alumina conveyor belt, are lit up in pink during the month of October - cancer awareness month.  
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September 30, 2011
Alcoa Employees Prepare to Volunteer During October for Worldwide Month of Service
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September 16, 2011
First term started at the new Fjardaál Industrial School The Fjardaál Industrial School on the Alcoa Fjardaál smelter site in Reydarfjördur was set for the first time on September 13th. That morning, thirty men and women, all Fjardaál employees, were seated in the smelter’s classroom in order to obtain a diverse education, which can help them to excel at their jobs in the smelter – and also to set the foundation for further studies in the future. Over eighty employees applied for the school, but one of the conditions for applying is at least three years of work experience for the company.
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September 14, 2011
Statement regarding the Bakki smelter project The Icelandic Minister of Industry said in interviews with the media that she did not expect a decision from Alcoa about the Bakki smelter project in the next few years, and therefore it was necessary to look for other investor opportunities. Responding to her proclamation, Alcoa has issued a public statement.
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September 7, 2011
Breiðdalssetur
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August 16, 2011
The Giant of the Eastfjords is focused on safety The annual Giant of the Eastfjords power lifting championships was held from 11-13 August in various places in East Iceland. It was a tight competition and Georg Ögmundsson and Ari Gunnarsson fought hard for the first place. The results were not clear until after the last event, when it was announced that Georg had won the championship. This is the second time he earns that title, as he was also the Giant of the Eastfjords in 2007.
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July 12, 2011
Alcoa Second Quarter Income from Continuing Operations Jumps 138 Percent, Revenue Rises 27 Percent over Year-Ago Quarter Alcoa’s second quarter 2011 income from continuing operations jumped 138 percent compared to a year ago on growing revenue, record quarterly alumina revenue and record mid- and down-stream performance, the Company announced this week.
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June 23, 2011
Women flocked to Fjardaál on Women’s Rights Day Never before have so many women visited Alcoa Fjardaál as on the recently celebrated Women’s Rights Day, the 19th of June, when the women of East Iceland were invited to the company’s canteen for a celebration. Now, for the fourth year in a row that Fjardaál calls to these festivities, more than two hundred women attended, enjoyed refreshments, and listened to music and speeches presented by Fjardaál employees.
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June 22, 2011
President Obama’s Visit Showcases Alcoa’s Advanced Manufacturing Capabilities Alcoa showcased the advanced manufacturing capabilities of its Davenport, Iowa, plant yesterday, during a tour by U.S. President Barack Obama. President Obama also announced that Alcoa was joining the President’s Advanced Manufacturing Partnership.
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June 21, 2011
Alcoa Fjardál grants seven hundred thousand dollars to Friends of Vatnajökull Park Friends of Vatnajökull Park accepted today a grant of 700,000 dollars from Alcoa Fjardaál at a formal ceremony in Snaefell Information Centre at Skriduklaustur Cultural House in East Iceland. Fjardaál had earlier presented the association with two grants to the amount of 1.26 million dollars, so the total amount of grants for the past three years is now almost two million dollars. The company intends to support Friends of Vatnajökull Park further over the next few years. The grant will be utilized for various projects related to information, education and research within and around Vatnajökull National Park.
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June 21, 2011
Alcoa and Alcoa Foundation Conclude Green Works with Increased Global Commitment to Plant Trees and Support Environmental Projects Alcoa Foundation marked the end of its two-month Green Works employee volunteer environmental service program today by increasing its support to the Friends of Vatnajökull National Park in Iceland and American Forests’ Global ReLeaf, two organizations committed to environmental replenishment.
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June 16, 2011
Alcoa Develops Breakthrough Technologies That Lower Cost, Weight and Production Risk of New Airplanes Alcoa has announced that it has developed a completely new set of aluminum-based solutions for the aerospace market that will allow airframers to build dramatically lighter and lower-cost short-range airplanes at significantly lower production risk than composite-intensive planes.

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June 10, 2011
Alcoa Fjardaál signs wage agreement with AFL and Rafis Wage agreements were signed in Reydarfjordur earlier today, between Alcoa Fjardaál on the one hand and AFL Labour Union and Rafis Union of Icelandic Electrical Workers on the other. For the main part, the new agreements are based on the same salary changes as the recent public wage agreements, but they also include some specific new issues.
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June 10, 2011
Alcoans help to increase access for the disabled On Saturday June 4th, ten Alcoa Fjardaál employees, with their families and members of the Eidar Women's Club, participated in a volunteer project by the old elementary school in Eidar, East Iceland. The main aim was to make the school accessible for people in wheelchairs, but they also painted and cleaned the premises.

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April 18, 2011
Alcoa Employees Mobilize Worldwide to Celebrate Eco-Holidays Green Works Volunteer Initiative Encourages Employees to Reduce, Recycle and Replenish
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April 12, 2011
Alcoa Reports 20 Percent Increase in Income from Continuing Operations and 22 Percent Year-on-Year Revenue Growth Alcoa announced today first quarter 2011 income from continuing operations of $309 million, or $0.27 per share, a 20 percent improvement over fourth quarter 2010, led by improved pricing and growing demand for aluminum in major end markets. Income from continuing operations, excluding a negative impact for special items of $8 million, or $0.01 per share, was $0.28 per share.
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February 25, 2011
Fjardabyggd municipality with the highest income The municipality of Fjardabyggd – where the Alcoa Fjardaál smelter is located – has exceeded Gardabaer as the highest-income municipality in Iceland, per capita. Large companies play an important role in this development, as Fréttabladid, Iceland’s largest newspaper, reported yesterday, February 24th.
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February 23, 2011
Alcoa Celebrates 125 Years of Modern Aluminum This month marks a milestone in American history that’s known to few but benefits everyone. Thanks to the birth of the modern aluminum smelting process 125 years ago by Charles Martin Hall, thousands of products can be made safer, lighter, more fuel efficient and more recyclable.
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February 9, 2011
Schools in East Iceland presented with astronomical telescopes All elementary schools and junior colleges in East Iceland were today presented with astronomical telescopes by the Icelandic Astronomical Society, the Seltjarnarnes Amateur Astronomical Society and the National Committee of the Year of Astronomy 2009. Alcoa Fjardaál supported the project with a grant of 2,600 US$.
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January 17, 2011
Alcoa volunteers Make a Skating Dream Come True Nineteen Alcoa Fjardaál employees and their families, a total of 30 volunteers, worked diligently over the weekend to make a community dream come true when they built a skating rink in old barracks in Egilsstadir town in East Iceland.
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January 14, 2011
Northern Sprouts award innovation grants Northern Sprouts recently awarded grants to ten innovation projects at a ceremony in the University of Akureyri. The grants are sponsored by the Alcoa Foundation. Altogether, 29 projects have been supported through Northern Sprouts.
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January 11, 2011
Alcoa Ends 2010 with Strong Fourth Quarter Results Alcoa has announced fourth quarter 2010 income from continuing operations of $258 million, or $0.24 per share, the company’s highest quarterly income since the economic downturn and $197 million higher than the third quarter of 2010. Fourth quarter income from continuing operations includes a $35 million, or $0.03 per share, positive impact from special items, compared to a negative impact of $35 million, or $0.03 per share, in the third quarter of 2010 and a negative impact of $275 million, or $0.28 per share, in the fourth quarter of 2009.
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