Alcoa, Inc. (NYSE:AA)
Aluminium is a soft, durable, lightweight, ductile and malleable metal with appearance ranging from silvery to dull gray, depending on the surface roughness. Aluminium is nonmagnetic and nonsparking. Aluminium is 100% recyclable without any loss of its natural qualities. Aluminum is durable and lightweight and is used in aerospace, cans, auto, construction, and electronics markets.
Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina.
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AA reported it has been awarded a new multi-year supply agreement with Airbus for aluminum sheet and plate products utilizing Alcoa’s current and advanced-generation aluminum alloys.
Airbus is a leading aircraft manufacturer, with the most modern and comprehensive aircraft family.
Terms were not disclosed, but the agreement has a value of approximately one billion over its life.
Alcoa’s leading aluminum solutions will be used across virtually all Airbus commercial aircraft programs, from short-range/single-aisle to long-haul/twin-aisle jets including the A380 and range from fuselage panels to structural components to Airbus’ newest wing skins.
Alcoa’s aerospace business comprises 4 units with operations across the world totaling approximately $3 billion in revenues and #1 share positions in their markets: Alcoa Global Rolled Products and Alcoa Forgings and Extrusions serving the structures market; and Alcoa Fastening Systems and Alcoa Power and Propulsion. Alcoa’s aerospace solutions run from nose to tail and from wing-tip to wing-tip.
Also, Alcoa recently announced that its three aluminum smelters in Quebec, Canada, have been recognized by Hydro-Quebec for their energy efficiency, and are members of the power company’s select Energy Savers’ Circle network.
Established in 2005, Hydro-Quebec’s Energy Savers' Circle has more than 50 members, all leaders in energy efficiency. The circle brings together Hydro-Quebec's large power customers that have reduced their electricity usage by at least 5% or saved at least 50 million kWh.
Alcoa previously launched a new portfolio of new metallic solutions – including its third-generation aluminum-lithium alloys; hybrid aerostructures; low-aerodynamic drag, self-cleaning skin sheet – that will enable the development and production of new short-range aircraft which meet or exceed airframer targets for corrosion resistance, aerodynamic drag, maintenance requirements, and fuel efficiency, along with improved buy-to-fly ratios. These solutions are expected to provide up to 10% in weight savings over composite-intensive aircraft, while lowering their cost to manufacture, operate and repair by up to 30%.
In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years.
For more information about the members of the Energy Savers' Circle and their achievements please visit http://www.hydroquebec.com/majorcustomers/ecolectrique.html
For more information about Alcoa please visit http://www.alcoa.com/
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