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Alcoa to Separate into Two Industry-Leading Public Companies
Alcoa intends to separate into two publicly traded companies later this year. Alcoa Corporation will be the new public company that will hold the five business units that today make up Global Primary Products—Bauxite, Alumina, Aluminum, Cast Products and Energy—and a Rolled Products business unit consisting of the rolling mill operations in Warrick, Indiana and Saudi Arabia.
Arconic—which will include Engineered Products and Solutions, Transportation and Construction Solutions, and Global Rolled Products other than the Warrick and Ma’aden rolling mill operations—will be a premier provider of high-performance materials and breakthrough products to transform the way we fly, drive, build and power.