ALCOA Inc. (AA)
The American Iron and Steel Company, the world’s third largest aluminum producer, after Rio Tinto Alcan and “Rusal”. In addition to primary aluminum production, the company is also one of the world leaders in the production of bauxite, alumina and aluminum products and alloys. The company’s headquarters is located in Pittsburgh (Pennsylvania, USA). Alcoa enterprises located in 31 countries. The company operates in all major phases of the industrial production: technology, mining, cleaning, melting, processing, recycling. Income from mining and processing of aluminum and alumina, is three-quarters of total revenue “Alcoa”. Other areas of activity of the company – precision castings and fasteners used in industry and aviation. The company produces aluminum construction, siding, aluminum alloy products, including wheel drives for cars, as well as aluminum. The company’s products used in industry, aircraft, automotive, commercial transportation, packaging, construction, oil and gas and defense industries
In recent months, Alcoa concluded a nine-contracts for the supply of various high-tech parts aviation unit General Electric, Airbus and Boeing. These contracts demonstrate that efforts to develop high-margin businesses continue to give good results.
Alcoa expects an increase in global aluminum demand to 6 percent in 2016 compared to 2015. The company also expects global sales of the aerospace industry to grow by 8-9 percent this year, while the world production of cars will increase by 1-4%.