Alcoa will curtail its San Ciprián aluminum smelter in Spain and initiate a collective dismissal that will affect approximately 530 employees. On October 8, Alcoa made the decision after considering all options, including reviewing records associated with four months of consultations with the workers’ representatives and the negotiations during a potential sale process. On September 29, 2020, Alcoa announced that the [...]
The formal consultation process regarding the San Ciprián aluminum plant in Spain officially ended on September 28, 2020, without an agreement with the workers’ representatives. Alcoa will now have up to 15 days to determine and announce a decision regarding the smelter’s 228,000 metric tons of annual capacity. On August 13, 2020, Alcoa announced it had agreed to extend the formal consultation period for collective [...]
Alcoa today announced the expansion of its SustanaTM line of products with the introduction of EcoSourceTM, the industry’s first low-carbon, smelter-grade alumina brand. EcoSource is produced with no more than 0.6 tons of carbon dioxide equivalents per ton of alumina, two times better than the industry’s average of 1.2 tons of CO2e. Alcoa’s measurement includes direct emissions from the Company’s bauxite mining and [...]
Alcoa Corp. announced today that William F. Oplinger, Executive Vice President and Chief Financial Officer, will participate in two separate investor conferences: Credit Suisse 33rd Annual Basic Materials Conference Oplinger will participate in a virtual question and answer session on Tuesday, September 15, 2020, beginning at 9:30 a.m. EDT. A real-time audio webcast of this session will be available on the “Investors [...]
Alcoa today announced an agreement with the workers’ representatives for the San Ciprián aluminum plant in Spain to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. The agreement is endorsed by the national and regional governments and includes a process to evaluate a potential sale of the aluminum plant to GFG Alliance, an organization that publicly expressed interest [...]
Alcoa Corp. announced today that it has reached an agreement to supply ECOLUM™ rolling slabs to Gränges, a leading producer of rolled aluminum products for heat exchanger applications and other targeted markets. ECOLUM™ is part of Alcoa’s SUSTANA™ line of low-carbon products that support supply chain sustainability. Gränges has a long-term target to reduce the intensity of carbon emissions across its entire supply chain [...]
Alcoa Corp. today reported second quarter 2020 results consistent with the Company’s previously announced preliminary results and reflect improved productivity and continued operational stability during the COVID-19 pandemic. Second Quarter Highlights Managing health risks posed by the COVID-19 pandemic across global operations; all production sites remain fully operational Executed previously announced cost-saving [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, closed its offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027. The issuer intends to use the net proceeds from the issuance of the notes for general corporate purposes, including adding cash to the balance sheet. The notes are guaranteed on a senior unsecured basis by Alcoa and certain of [...]
Alcoa Corp. announced today that Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa, has priced an offering of $750,000,000 aggregate principal amount of 5.500% senior notes due 2027. The sale of the notes is expected to be completed on July 13, 2020, subject to customary closing conditions. The issuer intends to use the net proceeds from the issuance of the notes being offered for general corporate [...]
Alcoa Corp. announced today a proposed offering of senior notes by Alcoa Nederland Holding B.V. , a wholly-owned subsidiary of Alcoa. The timing of pricing and terms of the notes are subject to market conditions and other factors. The issuer intends to use the net proceeds from the issuance of the notes being offered for general corporate purposes, including adding cash to the balance sheet. The notes will be guaranteed [...]
Alcoa Corp. today released preliminary second quarter 2020 results that show the Company’s cash balance rising to more than $950 million with improved productivity and continued stability in operations during the coronavirus pandemic. M, except per share amounts 2Q20 preliminary 1Q20 2Q19 Revenue $2,100 - $2,175 $2,381 $2,711 Net income attributable to Alcoa Corp. $ - $ $80 $ earnings per share attributable to [...]
Alcoa Corp., a global leader in bauxite, alumina and aluminum, today announced that it plans to begin, on June 25, 2020, a formal process for the collective dismissal of employees at its San Ciprián aluminum facility in Spain. On May 28, 2020, Alcoa launched an informal process with the workers’ representatives to discuss significant and unsustainable circumstances at the aluminum plant. The Company now intends to begin [...]
