Last A$17.50 AUD
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:35 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

alcoa inc - cdi (AAI) Snapshot

Open
A$17.50
Previous Close
A$17.50
Day High
A$17.50
Day Low
A$17.50
52 Week High
08/11/14 - A$18.50
52 Week Low
09/11/13 - A$7.90
Market Cap
20.6B
Average Volume 10 Days
70.0
EPS TTM
--
Shares Outstanding
1.2B
EX-Date
08/6/14
P/E TM
--
Dividend
A$0.12
Dividend Yield
0.74%
Current Stock Chart for ALCOA INC - CDI (AAI)

alcoa inc - cdi (AAI) Details

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina. The company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is engaged in mining of bauxite, which is then refined into alumina. The Primary Metals segment produces aluminum. The Global Rolled Products segment produces and sells aluminum plate, sheet, and foil. The Engineered Products and Solutions segment produces and sells titanium, aluminum, and super alloy investment castings; fasteners; aluminum wheels; integrated aluminum structural systems; architectural extrusions; and forgings and hard alloy extrusions. Its products are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. The company has operations primarily in the United States, Australia, Spain, Brazil, France, the Russian Federation, Hungary, the Netherlands, Norway, the United Kingdom, China, Germany, and Italy. Alcoa Inc. was founded in 1888 and is based in New York, New York.

Founded in 1888

alcoa inc - cdi (AAI) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.4M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $436.9K
Executive Vice President, Member of Executive...
Total Annual Compensation: $500.0K
Executive Vice President, Member of Executive...
Total Annual Compensation: $433.7K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $565.0K
Compensation as of Fiscal Year 2013.

alcoa inc - cdi (AAI) Key Developments

Alcoa To Continue Talks To Sell Its Facility In Portovesme

Alcoa Inc. (NYSE:AA) said that the shutdown of aluminium smelter in Sardinia's Portovesme will not have consequences on the talks to sell the plant. Francesco Pigliaru, President of Sardinia region said, "Alcoa's announcement does not have consequence on either the negotiations for the sale of the facility or on the commitments to save the jobs of the workers. The region continues to be personally involved in the talks to welcome another company to buy the smelter and is working to come to a memorandum of understanding (MoU) with an investor." Marco Bentivogli, National Secretary of the Fim-Cisl trade union said, "The US company's decision must be a sign for all parties involved in the case to make the issue top of their agendas. As far as the unions know, Glencore Plc (LSE:GLEN) is expected to decide between the end of August and early September whether to commit to talks on the smelter sale."

Alcoa to Close Portovesme Smelter in Italy

Alcoa announced that it intends to permanently close its Portovesme (Carbonia-Iglesias, Italy) primary aluminum smelter, which has been curtailed since November 2012. The closure will reduce Alcoa's global smelting capacity by 150,000 metric tons to 3.6 million metric tons per year. The Portovesme smelter was curtailed in 2012 because it was one of the high cost smelters in the Alcoa system and had limited prospects for becoming competitive. The closure is aligned with Alcoa's strategy to create a globally competitive commodity business and lower its position on the world aluminum production cost curve to the 38th percentile by 2016. Total restructuring-related charges for third quarter 2014 as a result of the closure are expected to be between $170 million and $180 million after-tax, or between $0.14 and $0.15 per share, of which approximately 60% is non-cash.

Alcoa Inc. Shutters Victoria Aluminium Smelter from August 1, 2014 and Plans to Close its Point Henry Smelter in Geelong and its Yennora Rolling Mill and Recycling Facility in NSW, by the End of 2014

Alcoa's aluminium smelter in Victoria will be shuttered from August 1, 2014, the factory closing after more than 40 years of operation. The final production lines will be cleared and the workforce will clock off for the final time. About 500 workers have lost their jobs. The company has announced it will close its Point Henry smelter, a rolling mill in Geelong and its Yennora rolling mill and recycling facility in NSW, by the end of 2014.

 

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