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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 ...
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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]
Aluminum sheet, plate, and extrusions provider Arconic Corp. (ARNC) has reduced its US pension plan obligation by about $1 billion by purchasing a group annuity contract from Massachusetts Mutual ...
The Alcoa 50,000 ton forging press is a heavy press operated at Howmet Aerospace's Cleveland Operations. It was built as part of the Heavy Press Program by the United States Air Force . It was manufactured by Mesta Machinery of West Homestead, Pennsylvania , and began operation on May 5, 1955.