Arconic Announces Multi-Year Supply Deal With Toyota

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( - 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.

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

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