Alcoa Corp. today announced that Australian governments have provided $7.7 million of funding to conduct pilot trials on a new carbon reduction technology that supports Alcoa's Refinery of the Future initiative. Alcoa of Australia has received support to test electric calcination with $6.4 million from The Australian Renewable Energy Agency and $1.3 million from Western Australia's Clean Energy Future Fund . Calcination [...]
Alcoa Corp. today announced that its Massena facility in New York has earned provisional certification from the Aluminium Stewardship Initiative for both its smelter and casthouse. Massena is the world's longest continuously operating smelter, with aluminum production beginning in 1902. During its long history of manufacturing excellence, the smelter has undergone numerous upgrades and currently has a nameplate capacity [...]
Alcoa Corp. plans to announce its first quarter 2022 financial results on Wednesday, April 20, 2022 after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's Twitter handle @Alcoa at www.twitter.com/Alcoa. A conference [...]
Alcoa Corp. today officially marked the completion of a capital project that is expected to improve stability, increase efficiency, and boost production at its Deschambault aluminum smelter in Quebec, Canada. The smelter has finished the installation of upgraded electrical infrastructure, the result of a $47 million capital project to help the site continue to improve operations. The work included the addition of a third [...]
Alcoa Corp. today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be paid on March 24, 2022 to stockholders of record as of the close of business on March 8, 2022. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With [...]
Alcoa Corp. announced today that Roy C. Harvey, President and CEO; William F. Oplinger, Executive Vice President and CFO; and Benjamin D. Kahrs, Executive Vice President and Chief Innovation Officer, will participate in two separate investor conferences. Deutsche Bank 2022 Global ESG Conference Oplinger and Kahrs will participate in a virtual question and answer session beginning at 10:00 a.m. EST on Monday, February 28 [...]
Alcoa Corp. has been recognized by S&P Global via inclusion in The Sustainability Yearbook 2022, an influential guide that provides in-depth analysis on corporate sustainability. Companies must score within the top 15 percent of their industry in the S&P Global Corporate Sustainability Assessment to be included in The Sustainability Yearbook 2022. The CSA is used to guide prominent rankings for environmental, social, and [...]
Alcoa Corporation today reported fourth quarter and full year 2021 results that included the Company's highest annual net income and earnings per share, driven by continued strength in alumina and aluminum pricing and solid operational performance. Fourth Quarter Highlights Increased revenue to $3.3 billion, a 7 percent sequential increase and highest quarterly result since 4Q18 Generated $565 million in cash from [...]
Alcoa Corp. today announced the appointment of a Chief Commercial Officer and a Chief Strategy Officer to its Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220114005361/en/ Kelly Thomas Renato Bacchi, 45, is being promoted to Executive Vice President and Chief Strategy Officer, effective February 1, 2022. Bacchi, currently Senior [...]
Alcoa Corp. and the workers' representatives at the Company's San Ciprián aluminum plant in Spain have reached an agreement aimed at resolving ongoing challenges that stem from exorbitant energy prices. The agreement, which was signed on December 29, 2021, calls for a two-year curtailment of the smelter's 228,000 metric tons of annual capacity, and a commitment by the Company to begin the restart of the smelter in January [...]
Alcoa Corp. plans to announce its fourth quarter and full year 2021 financial results on Wednesday, January 19, 2022, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's Twitter handle @Alcoa at [...]
Alcoa Corp. today announced the purchase of additional group annuity contracts that will further enhance the Company's strong balance sheet, reduce the risk of volatility in pension plans and secure the Company's commitments to retirees and beneficiaries. The additional annuity contracts with two subsidiaries of Athene Holding, Ltd. will facilitate the transfer of approximately $500 million of pension obligations and [...]
