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The business today known as Arconic was originally part of Alcoa Inc. The name Arconic was first used in 2016 when Alcoa Inc. was separated into two companies, Alcoa Corporation and Arconic Inc. Arconic Inc. was further separated in 2020 into Howmet Aerospace Inc., focused on engineered products, and Arconic Corporation, focused on rolled ...
On February 8, 2019, Arconic announced that it would split into two separate businesses. [19] Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out. Arconic Corporation will be focused on rolled aluminum products, and Howmet Aerospace will focus on engineered products. [20]
In June 2016, Alcoa Inc. announced plans to split itself into two companies: Alcoa Inc would be renamed as Arconic and would take over the business of designing and building processed metal parts, primarily for the automotive and aerospace industries; a new company, Alcoa Corporation, would be set up and spun out of the remainder of Alcoa Inc ...
By Nick Carey CHICAGO -- Alcoa (AA) said Monday it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster ...
The financial details of Apollo Global's (APO) intended deal to acquire Arconic are yet to be finalized. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 ...
(Reuters) - Private equity firm Apollo Global Management LLC (APO.N) is in advanced negotiations to acquire aluminium products maker Arconic Inc (ARNC.N) for more than $11 billion, people familiar ...
On 28 September 2015, Alcoa completed its transformation with an announcement that it would split into two publicly traded companies the following year – a spin-off called Alcoa Corp., and another comprising the renamed Alcoa Inc., Arconic, which would hold onto Alcoa Inc.'s value-add mid- and downstream businesses. [48]
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