Alcoa information

Alcoa is the world’s third largest producer of aluminum, behind Rio Tinto and Rusal. Alcoa leads the world in alumina production and capacity. From its operational headquarters in Pittsburgh, Pennsylvania, Alcoa oversees operations in 44 countries. It is followed closely by a former subsidiary, Alcan, a Canadian-based company in Montreal, which was the third-leading producer behind Alcoa, but in terms of sales Alcan is ahead of Alcoa. Alcoa made a hostile $27 billion bid for Alcan on May 7th, 2007, aiming to reunite the two companies and form the largest aluminum producer in the world. The takeover bid was withdrawn after Alcan announced a friendly takeover by Rio Tinto on July 12, 2007.
In addition to aluminum products, Alcoa also makes and markets consumer brands including Reynolds Wrap foil and plastic wrap, Baco household wraps, and Alcoa wheels. Among Alcoa’s other businesses are closures, fastening systems, Howmet Castings, and electrical distribution systems for cars. The sale of the packaging unit was announced on 21 December 2007. (...) more....

by