Tag: Arconic

Arconic repurchasing $200M in common stock

6th August 2019 | 0 Comments

Arconic Inc., parent company of Alcoa Wheels, today announced it has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC to repurchase US$200 million of Arconic’s common stock, pursuant to the share repurchase programme previously authorised by the company’s Board of Directors.

Continue Reading

Arconic launches new Alcoa surface treatment in Europe

Arconic launches new Alcoa surface treatment in Europe

17th August 2017 | 0 Comments

Arconic’s Alcoa Wheels product portfolio is expanding to include forged aluminium wheels with a combined Dura-Bright/Dura-Flange surface treatment.

Continue Reading

Alcoa appoints Felix Sellmann as marketing manager

Alcoa appoints Felix Sellmann as marketing manager

11th August 2017 | 0 Comments

Arconic has appointed Felix Sellmann as marketing manager for Europe, Middle East and North Africa, effective August 4. Felix Sellmann will replace Orsolya Ujvary for a period of two years.

Continue Reading

All Arconic Wheels exceed DAF requirements in 2016

9th August 2017 | 0 Comments

Arconic has announced that its Alcoa forged aluminium wheels have received a quality achievement award from PACCAR for meeting or exceeding stringent 10 parts per million (PPM) quality performance requirements. Arconic achieved 0 PPM in 2016 for deliveries to DAF, a subsidiary of PACCAR, reflecting excellence in every step of the manufacturing process, forging to finishing to packaging.

Continue Reading

István Katus appointed vice-president of Arconic Wheel Products

István Katus appointed vice-president of Arconic Wheel Products

18th May 2017 | 0 Comments

In January, István Katus was appointed to the role of Europe, Middle East & Africa region vice-president and general manager at Arconic Wheel Products. In this position, he has taken on responsibility for growing and improving the profitability of the company’s wheel business within the region. Katus also remains country manager for Hungary.

Continue Reading

Arconic divesting Alcoa Corp. shares in debt-for-equity swap

28th April 2017 | 0 Comments

Arconic Inc., the company created to house the Alcoa wheel business and other metal manufacturing functions following the separation of Alcoa Inc. into two entities last November, is divesting its stake in the other entity, Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminium. The debt-for-equity exchange of Alcoa Corporation common stock will see 12,958,767 shares swapped for debt held by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.

Continue Reading

Arconic begins search for new CEO after Kleinfeld’s sudden departure

Arconic begins search for new CEO after Kleinfeld’s sudden departure

28th April 2017 | 0 Comments

Let sleeping dogs lie, don’t poke the bear, and never, ever antagonise your company’s billionaire major shareholder – especially if he’s already voiced a desire to replace you. Klaus Kleinfeld should have borne this final point in mind when he penned a letter to Paul Singer earlier this month. The correspondence gave Singer, the man behind hedge fund Elliott Management, the ammunition needed to blast Kleinfeld out of Arconic Inc, parent company of Alcoa Wheels.

Continue Reading

Alcoa wheels to join Arconic following separation

Alcoa wheels to join Arconic following separation

11th April 2016 | 0 Comments

During the second half of this year, Alcoa will separate into two companies – an upstream company and a value-add company. The upstream company will retain the Alcoa name while the value-add company, which amongst other roles will produce the commercial vehicle aluminium wheels now made by Alcoa’s Transportation and Construction Solutions (TCS) business unit, will be named Arconic.

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]