Arconic Announces Multi-Year Supply Deal With Toyota


Shutterstock photo

(RTTNews.com) - Arconic Inc. ( ARNC ) announced a multi-year supply deal with Toyota North America. Arconic is supplying aluminum to Toyota for its all-new Lexus RX. Arconic will supply Toyota from its plants in Davenport, Iowa, and Danville, Illinois.

The Company estimates that it will grow its automotive sheet revenue from $76 million in 2010 to $1.3 billion in 2018, and across Arconic's full automotive portfolio, 98 percent of Arconic revenues come from products where it is number one or number two in its segment.

For comments and feedback: contact editorial@rttnews.com




This article appears in: Economy , Stocks , World Markets , World Markets , Stocks
Referenced Symbols: ARNC , TM , TYT


More from RTT News

Subscribe






See headlines for ARNC

Follow on:








Research Brokers before you trade

Want to trade FX?