) announced that its Alcoa Wheel and Transportation Products
casthouse expansion at Barberton, Ohio, facility is expected to
cut down half of the total amount of energy that is used to
recycle aluminum for forged wheels. This is expected to reduce
greenhouse gases and increase the overall efficiency and
sustainability of the company's manufacturing process.
Alcoa's 50,000-square-foot casthouse, the first of its kind in
North America, utilizes advanced technology to produce wheels
from re-melted and scrap aluminum. The facility recycles about
100 million pounds of scrap aluminum each year and its recycling
practices are very energy efficient. The casthouse also creates
'green' technology and is expected to considerably reduce energy
use through a combination of process improvements and reduced
Alcoa's facility is built on an existing production facility
leading to significant curtailment of transportation needs. As a
result of this, energy consumption related to transportation has
been slashed by 90%.
Alcoa's aluminum wheels are beneficial to the environment and
the consumer as they reduce overall weight of the vehicle, which
significantly improves fuel efficiency and mitigates greenhouse
One-hundred million pounds of recycled scrap aluminum is
considered sufficient to produce two million new Alcoa forged
aluminum wheels. The casthouse takes chips and solids from an
existing Alcoa wheel machining plant in Barberton and its
Cleveland forging plant, and recycles them to finally forge them
into aluminum wheels.
The project is also a part of the Department of Energy's
Better Buildings Challenge, through which, Alcoa aims to share
best practices. Better Buildings Challenge is a program that
helps the companies spot new energy efficient solutions for their
buildings and plants.
Alcoa, which is among the prominent players in the mining
industry along with
Aluminum Corporation of China Limited
BHP Billiton Limited
) , is a world leader with respect to production and management
of primary aluminum, fabricated aluminum, and alumina as well as
the world's largest miner of bauxite and refiner of alumina.
Alcoa currently retains a short-term Zacks Rank #3 (Hold).
Another company in the mining industry with favorable Zacks
Anglo American Platinum Ltd.
), having a Zacks Rank #2 (Buy).
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