The principal business of the Company's Global Rolled Products segment is the production and sale of aluminum
plate, sheet and foil. This segment includes rigid container sheet, which is sold directly to customers in the packaging
and consumer market. This segment also includes sheet and plate used in the aerospace, automotive, commercial
transportation, and building and construction markets.
As noted above, Alcoa and Ma'aden are developing a rolling mill in the Kingdom of Saudi Arabia. In 2010, the joint
venture entity, Ma'aden Rolling Company signed project financing for its rolling mill and broke ground on the
construction of the mill. Initial capacity is approximately 380,000 mtpy. The rolling mill is anticipated to start
sometime in 2013. In March 2012, Alcoa and Ma'aden announced commencement of work to extend the product mix
of their aluminum complex currently under construction, enabling the two companies to include capability for
producing approximately 100,000 metric tons of a wide range of products suitable for further downstream
manufacturing in the complex's product lines. They include automotive heat-treated and non-heat-treated sheet,
building and construction sheet and foil stock sheet. The line is expected to start production at the end of 2014.
As discussed above, in 2011, Alcoa and CPI signed an MOU followed by a Letter of Intent that provides a framework
for the creation of a joint venture which includes a focus on producing high-end fabricated aluminum products in
China. In February 2012, Alcoa and CPI announced that they finalized an agreement to establish a joint venture
company to produce high-end fabricated aluminum products in China. The new joint venture company, Alcoa CPI
Aluminum Investment Co. Ltd., was established in November 2012 and will be majority owned and managed by Alcoa
and based in Shanghai.
In March 2012, the Company broke ground on a $300 million expansion of its Davenport Works plant to meet rising
demand for aluminum from the automotive market. The expansion will create an additional 150 full time jobs in
Davenport once completed. The planned expansion was announced in September 2011 and is expected to be completed
by the end of 2013. An economic development incentive package from the Iowa Department of Economic
Development helped secure the selection of Davenport for the expansion.
On August 31, 2012, Alcoa assumed full control and ownership of Evermore Recycling LLC (Evermore). Evermore
had previously been a joint venture between Alcoa and Novelis Corporation, created for the purpose of used beverage
Global Rolled Products Principal Facilities