Alcoa announces new three-year business targets

theflyonthewall.com

Alcoa announced new three-year business targets through 2016 at its annual Investor Day. The following new business targets were announced for the 2013 to 2016 time period: For Engineered Products and Solutions, $1.2B in incremental revenue growth by 2016, with $900M coming from share gains through innovations, and adjusted EBITDA margin percent exceeding historical highs in 2016; for Global Rolled Products, $1.0B in incremental revenue growth by 2016, with $900M through share gains and innovations, and adjusted EBITDA per metric ton at or above average historical highs in 2016; for Global Primary Products, seeks to improve position on global alumina cost curve by 6 percentage points and improve position on global aluminum cost curve by 5 percentage points.

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