|
|
 |
|
|
|
|
|
|
|
|
|
Alcoa Global Rolled Products Web Sites
Alcoa China Rolled Products - English
 go
Alcoa China Rolled Products - Chinese
go
Alcoa Australia Rolled Products
go
Alcoa Global Commercial Transportation, Industrial and Specialties
go
Alcoa North America Rolled Products
go
Alcoa in the News
May 9, 2013 Alcoa Executive Vice President and Chief Financial Officer William Oplinger to Present at the Bank of America Merrill Lynch Global Metals, Mining and Steel Conference
 more
May 9, 2013 Susan Ringler Joins Alcoa as Vice President and Chief Ethics and Compliance Officer; Judith Nocito to Retire after 34-Year Alcoa Career
more
|
|
|
|
The principle 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 can procurement. |
|
|
|
|
