) has received two awards for aluminum excellence at the American
Metal Market annual aluminum summit held in New York. The company
received an Innovation Award for its next-generation of
aluminum-lithium alloys for the aerospace industry. The award was
received by the President of Alcoa Forgings and Extrusions, and the
President of Alcoa Aerospace, Transportation and Industrial
The demand for aluminum-lithium alloys has led Alcoa to build a
facility near its plant in Lafayette, Indiana. The facility is
expected to produce largest, aluminum-lithium ingots in the world,
which are anticipated to contain least impurities. Alcoa expects
the site to add 20,000 tons of capacity to its network. The
aluminum-lithium alloys are being considered over titanium and
legacy alloys that are used in the aerospace industry. These new
alloys will help the customers to save fuel as well as facilitate
in doing away with the production risks.
The company's Vice President and Chief Sustainability Officer
Kevin Anton was the recipient of the Charles Martin Hall Award as
Aluminum Ambassador/Advocate of the Year for his efforts to promote
sustainability for Alcoa and the U.S. Aluminum Association trade
organization. The award was conferred on Kevin due to the
sustainability efforts on aluminum, which has a unique property
that can be recycled infinitely. The company uses a Sustainability
Scorecard to align sustainability targets with business strategy
and this forms the very basis of Alcoa.
Kevin Anton's efforts for leading the first-ever Action to
Accelerate Recycling Summit, held in early 2012 in Dallas, were
also recognized. The purpose of the summit was to achieve
significantly higher recycling rates.
Pennsylvania-based Alcoa Inc. is among the world's leading
producers of primary and fabricated aluminum and alumina. It
Aluminum Corporation Of China Limited
and RioTinto plc.
Currently, the stock maintains a Zacks #3 Rank, which translates
into a short-term (1 to 3 months) "Hold" rating. We have a
long-term "Neutral" recommendation on Alcoa.
ALCOA INC (AA): Free Stock Analysis Report
ALUMINUM CP-ADR (ACH): Free Stock Analysis
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