) shares gained 6% as the aluminum giant launched its latest
innovation - the world's lightest heavy-duty truck wheel, the
Ultra ONE. Ultra ONE is a new 40-pound wheel and being 47%
lighter than steel wheels of the same size will help trucks carry
more load and also improve fuel efficiency. Alcoa Wheel and
Transportation Products, a business unit of Alcoa, has come up
with this new innovation.
The Ultra ONE can save about 1,400 pounds per rig which will help
the fleets to carry more goods while meeting the severe federal
emissions regulations. Fleets have been increasingly converted to
aluminum wheels, thereby reducing the need of pollution-control
equipment that is used to meet federal emissions regulations. The
lightweight wheels help improve fuel economy which is a positive
in the times of rising fuel prices. The transition to aluminum
wheels from steel wheels helps in reducing annual carbon
Alcoa's wheels are six times brighter than competitors' wheels
due to their corrosion resistant quality, which helps in lowering
operators' maintenance and operating costs. As most of the
companies are now switching to lightweight fleets, America's
largest flatbed carrier, TMC Transportation, will also follow the
same path in 2014.
The Ultra ONE wheel will utilize the MagnaForce alloy which is
invented by the world's largest light metals research center, the
Alcoa Technical Center. The alloy is 17% stronger than the
industry standard- Alcoa's 6061 alloy.
Alcoa, which is among the prominent players in the mining
industry along with
Aluminum Corporation of China Limited
BHP Billiton Limited
Rio and Tinto Plc.
), 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 INC (AA): Free Stock Analysis Report
BHP BILLITN LTD (BHP): Free Stock Analysis
RIO TINTO-ADR (RIO): Free Stock Analysis
To read this article on Zacks.com click here.