) is licensing its pre-treatment bonding technology to Chemetall,
a division of
Rockwood Holdings, Inc.
), in an exclusive global distribution pact. The Alcoa 951 is a
breakthrough technology and is 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 were more
widely used in the automotive industry in the past.
Alcoa 951 technology is significantly beneficial for Alcoa's
customers and is a perfect example of Alcoa Technology Advantage.
The technology makes possible wide usage of aluminum throughout
the automotive industry and help in making mass-produced
aluminum-intensive vehicles possible, 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.
Currently, aluminum represents the second largest-volume
component material in automotive vehicles. 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.
By collaborating with Chemetall, Alcoa will be able to
commercialize adhesive bonding of aluminum structures in
high-volume automotive applications.
Alcoa is the 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
Alcoa released its first quarter 2013 financial results on Apr
8. The company saw its profit surge roughly 59% in first-quarter
2013, buoyed by strong aluminum demand. It posted a profit of
$149 million or 13 cents per share in the quarter, exceeding the
profit of $94 million or 9 cents per share recorded a year ago.
The results were driven by strong demand across the aerospace and
Excluding one-time special items, Alcoa earned $121 million or
11 cents a share in the quarter, beating the Zacks Consensus
Estimate by a penny and also coming ahead of $105 million or 10
cents per share posted in the year-ago quarter.
Revenues declined roughly 3% to $5,833 million from $6,006
million in the year-ago quarter and were below the Zacks
Consensus Estimate of $5,857 million. Sales were hurt by lower
aluminum prices and reduced production in Alcoa's European
primary metals business.
Alcoa currently retains a short-term Zacks Rank #3 (Hold).
Other companies in the mining industry with favorable Zacks
Atlatsa Resources Corporation
Anglo American Platinum Ltd.
). Both hold a Zacks Rank #2 (Buy).
ALCOA INC (AA): Free Stock Analysis Report
ANGLO AMER PLAT (AGPPY): Get Free Report
ATLATSA RESRCS (ATL): Free Stock Analysis
ROCKWOOD HLDGS (ROC): Free Stock Analysis
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