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Alcoa

World's leading producer of aluminum.

Headquarters:
390 Park Avenue
New York, NY 10022
Employees: 60,000
CEO: Klaus Kleinfeld
Stock Quote: AA

Website: http://www.alcoa.com

Career Site

Alcoa is a leader in lightweight metals. The company is the world's leading producer of primary aluminum, fabricated aluminum, and alumina. Alcoa materials can be found in wheels, soda cans, bike frames, motorcycles and airplanes.

Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation, and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers.

In addition to aluminum products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

The process of making alumina starts from dirt. The kind of dirt needed is called bauxite ore. From four tons of bauxite, it's possible to refine about two tons of alumina -- a powdery white oxide of aluminum. And from those two tons of alumina, Alcoa can smelt a ton of aluminum.

Alcoa has a total of 60,000 employees in 30 countries.

Alcoa makes a very sustainable product: almost 75% of the aluminum ever produced is still in use today, equaling 480 million metric tons (529 million tons) of a total 690 million metric tons (761 million tons) manufactured since 1886.
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Every day, worldwide, Alcoa:
- Mines 86,300 tons of bauxite and 27,300 tons of coal
- Refines 41,000 tons of alumina
- Smelts 9,575 tons of aluminum
- Recycles 2,300 tons of aluminum
- Manufactures 8,810 tons of aluminum products
- Produces 166 million closures for beverage and food containers
- Assembles wire harnesses for 20,400 vehicles
- Generates 96,000 MWH of electricity
- Purchases $27 million in goods and services

Alcoa announced in 2015 a plan to separate into two publicly traded companies to be completed in the second half of 2016. Alcoa will spilt into Value-Add and Upstream companies.

After the separation, the Upstream Company will comprise five strong business units that today make up Global Primary Products: Bauxite, Alumina, Aluminum, Cast Products and Energy. The innovation and technology-driven Value-Add Company will include Global Rolled Products, Engineered Products and Solutions and Transportation and Construction Solutions. Both will be based in the U.S.

In 2015, Alcoa reported revenues of $22.5 billion, down 6% from the previous year. The company reported net loss of $121 million for the year due to declining prices for aluminum and alumina.

"2015 was a pivotal year for Alcoa," said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. "We substantially strengthened our aerospace offerings through innovations and acquisitions and our customers responded favorably, awarding us $9 billion in aerospace contracts; and we continued to ramp up our automotive business and shift the midstream to a higher-margin product mix. In the Upstream, we faced harsh headwinds with prices for alumina down 43 percent and aluminum down 28 percent. As a result of our closures, curtailments, productivity actions and new business structure we improved competitiveness and strengthened the portfolio. We are fully on track to launch two strong, standalone companies in the second half of 2016."

History

In 1886, Charles Martin Hall discovered a new way to make aluminum oxide or alumina. He found six financial backers in Pittsburgh to form the Pittsburgh Reduction Company. On Thanksgiving Day, 1888, Hall and his first employee, Arthur Vining Davis, produced the first commercial aluminum using Hall's technology.

The owners changed the company's name to something more appropriate in 1907 --- Aluminum Company of America. Later, as the company became increasingly global, this changed to Alcoa Inc.

A ton of aluminum is enough to make the cans for over 60,000 Cokes, Pepsis, or Buds. Enough to make the spaceframes for seven full-size cars. Enough to make 40,000 computer memory disks, capable of storing all the books ever published.

Benefits

- Base pay: Cash compensation is competitive and based on job responsibilities and individual performance.
- Variable pay: Many business units offer performance pay or bonuses, emphasizing that we work collectively to accomplish the identified goals.
- Benefits: Alcoa's comprehensive benefits package generally includes a choice of health care, life insurance, and disability coverage to fit individual needs. In line with our people values, Alcoa offers coverage for domestic partners (of either gender) under the U.S. benefit plans. The Alcoa Savings Plan and retirement programs help you to prepare for retirement. A number of "work and personal life" benefit programs, such as tuition assistance, provide added value.

Updated January 19, 2016