) has won the Metal Bulletin's top innovation award for its
breakthrough technology which allowed it to produce more
aluminum-intensive vehicles. Through its novel technology dubbed
Alcoa 951, the company caters to consumer needs through provision
of fuel efficient vehicles. With this, Alcoa is expanding its
presence in the auto industry.
Alcoa 951 is a breakthrough technology-the new pre-treatment
bonding standard for aluminum sheet, extrusion and casting
suppliers across the automotive industry.
Alcoa 951 is a patented, chrome-free pre-treatment that
enables production of more durable bonds between an aluminum
substrate and a structural adhesive used in an assembly process.
Alcoa reported that Alcoa 951 has been proven to be up to nine
times more durable than titanium zirconium applications that have
been widely used in the automotive industry in the past.
Alcoa 951 technology is significantly beneficial for Alcoa's
customers and a perfect example of Alcoa Technology Advantage.
The technology makes possible wide usage of aluminum throughout
the automotive industry and in mass-produced aluminum-intensive
vehicles, thus saving fuel.
As per automotive original equipment manufacturers (OEMs), the
use of aluminum in cars is expected to double by 2025 as
automakers seek more fuel efficiency by reducing vehicle mass.
Many OEMs are expanding aluminum use from heat exchangers,
wheels, drive shafts, engine blocks, hoods and deck lids to
develop aluminum intensive vehicles (AIVs) by converting the body
in white, or body structure, to aluminum. In Apr 2013, Alcoa
licensed Alcoa 951 to Chemetall, a division of
Rockwood Holdings, Inc.
), in an exclusive global distribution pact.
Alcoa is investing about $575 million to expand its auto sheet
business in the U.S. in Davenport, Iowa and Alcoa, Tennessee. The
company is also building a rolling mill at its greenfield joint
venture project in Saudi Arabia with capacity to produce aluminum
Alcoa, a prominent player in the mining industry along with
Aluminum Corporation of China Limited
BHP Billiton Limited
), is a world leader in production and management of primary
aluminum, fabricated aluminum, and alumina. The company is also
the world's largest miner of bauxite and refiner of alumina.
Alcoa currently retains a short-term Zacks Rank #3 (Hold).
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