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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]
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 ...
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 ...
Does Arconic (ARNC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Stock splits often result in a bump in the stock’s price, simply because more investors are interested in the stock at the new price than were interested at the old price.
On 1 November 2016, Alcoa fully separated its raw aluminum operation from business units that supply the aerospace and automotive markets. [49] [50] The spin-off retained is a newly created company Alcoa Corp. Kleinfeld remained as Arconic's chairman and CEO following the split.
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