Overview: Everything you need to know about Alcoa (Part 1 of 12)
Overview of Alcoa
Alcoa is the world’s third largest aluminum company. The company started in 1888. Last year was Alcoa’s 125 th anniversary. In this series we’ll analyze Alcoa’s various business aspects. We’ll also look at various key drivers that will impact Alcoa investors. We’ll start by looking at the key timelines in Alcoa’s history.
Alcoa’s key timelines
Alcoa has been successful since it was founded. Alcoa’s aluminum was used in automobiles in 1901. The aerospace industry adopted Alcoa aluminum in 1903. Aluminum foil, that we still commonly use today, was introduced by Alcoa in 1910. In 1912, Alcoa expanded its operations outside the U.S. to Europe. In 1922, Alcoa manufactured the first aluminum furniture. These are a few of Alcoa’s key timelines. Next, we’ll discuss some of Alcoa’s recent developments.
Recent developments at Alcoa
Alcoa developed the world’s first beer bottle in 2004. It launched the world’s lowest-cost, fully-integrated aluminum production facility in 2010. In 2012 Alcoa developed products for oil and gas companies. The products help the companies drill deeper. Since 2013, Alcoa has been capitalizing on automotive companies. Aluminum makes vehicles lighter. It enhances the vehicle’s mileage. The automotive industry is expected to use aluminum more in the future. We’ll discuss this more in the next parts of the series.
Aluminum companies in the U.S.
Alcoa (AA), Century Aluminum (CENX), Kaiser Aluminum Corp. (KALU), and Constellium (CSTM) are a few aluminum companies listed in the U.S. An alternate way of accessing the metals sector is through the SPDR S&P metals and mining ETF (XME).
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