News for Alcoa
Feb 25 · 8:54:00 PM · Source: Reuters
Alcoa announced that it has been appointed by the U.S. Army Tank
Automotive Research, Development and Engineering Center (TARDEC) to collaborate
on the Army`s Fuel-Efficient Ground Vehicle Demonstrator (FED) project. In
partnership with Ricardo Inc., Alcoa Defense will produce a tactical wheeled
vehicle structure that significantly improves fuel efficiency while also
maintaining survivability, performance and payload capability.
TARDEC is embarking on the FED project to help achieve the Army`s long-term goal
of reducing fuel consumption on the battlefield, which will also reduce U.S.
dependence on foreign oil. The innovative solutions featured in the FED vehicle
may become widely adopted by industry to enhance fuel efficiency in the next
generation of tactical wheeled vehicles.
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by Michael Oliveto
Feb 25 · 3:34:00 PM · Source: Company Press Release
Alcoa announced that it is among 60 corporations pilot testing a draft protocol for accounting and reporting greenhouse gas (GHG) emissions across a product’s life cycle. The Greenhouse Gas Protocol Initiative is being launched by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
WRI and WBCSD have developed two new GHG Protocol standards, the Product Life Cycle Accounting and Report Standard and the Scope 3 (Corporate Value Chain) Accounting and Reporting Standard. Alcoa will test the Product Standard by measuring the climate change impact of its aluminum forged wheels.
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by Michael Oliveto
Feb 23 · 7:52:00 PM · Source: Reuters
Fitch Ratings has affirmed the ratings for Alcoa Inc of Issuer Default Rating (IDR) at 'BBB-' and Short-term IDR at 'F3'.
The Rating Outlook remains Negative.
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by Michael Oliveto
Jan 11 · 4:47:00 PM · Source: Company News Release
Alcoa Inc. Monday opened the earnings season by reporting a fourth-quarter net loss of $277 million, or 28 cents a share. In the year-earlier quarter, Alcoa lost $1.2 billion, or $1.49 a share. Sales fell 4% to $5.4 billion.
Revenues topped analyst estimates.
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by Larry Etter
Jan 11 · 4:46:00 PM · Source: Company Press Release
Alcoa reported for the 4th-quarter 2009 a loss of $277 million, or $-.28 per share, on sales of $5.4 billion. That compares to the prior year loss of $1.19 billion, or $-1.49 per share, on sales of $5.7 billion.
Alcoa is spinning the results positively that sales are up sequentially. That's nice, and they have cut their losses compared to Q4 2008. “This was a tough year for the aluminum industry – a price crash, demand destruction, and credit crunch. Yet, today Alcoa is stronger than when the year started,” said Klaus Kleinfeld, Alcoa President and CEO. “We reshaped our cost structure and portfolio for profitable growth. And, we built the cash reserves to weather current economic uncertainties and invest in opportunities for future growth. Alcoa will benefit from those achievements for many years to come.”
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by Rich Pike
Nov 5 · 1:41:00 PM
Alcoa said Thursday that funding has been approved for the complete repair and refurbishment of its 50,000-ton forging press at the company’s Cleveland Works.
The project will help make the Cleveland Works operation a premier producer of large aluminum and titanium forgings for the defense, aerospace and industrial markets.
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by Larry Etter
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