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Alcoa completes Arconic separation, begins trading as independent

Staff Writer |
Alcoa Corporation has completed the separation from its parent company Alcoa Inc. (now Arconic Inc.) and has begun operating as an independent, publicly-traded company listed on the New York Stock Exchange under AA.

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"We are launching Alcoa Corporation as a world leader in the aluminum industry with distinct competitive advantages across the value chain,” said Roy Harvey, chief executive officer of Alcoa.

"Our bauxite and alumina portfolios enjoy strong first quartile cost positions and our aluminum portfolio has a highly competitive second quartile position.

"We’ve made a commercial success of our cast products business, our can sheet business is a leader in North America, and our substantial energy assets are also driving value for maximum profitability.

"We achieved all of this during difficult market conditions, remaining resilient thanks to the hard work and dedication of our talented 16,000 employees.

"As we look towards the future, we intend to continue operating with excellence and innovating within the industry we pioneered, always driven by our values and our strong will to succeed."

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