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Alcoa World Alumina and Chemicals is a owned 100% by Alcoa Corp. and is abbreviated to AWAC. AWAC's business is the mining of bauxite, [1] the extraction of alumina (aluminium oxide) and the smelting of aluminium. It has about 25% of the global alumina market. Alcoa acts as the day-to-day manager.
Alcoa Inc. announced a hostile take over bid for its progeny on 7 May 2007, in a deal worth US$27 billion. The combined companies would have formed the largest aluminum producer in the world. On 22 May 2007, Alcan's board of directors unanimously recommended that shareholders reject Alcoa's unsolicited offer to acquire Alcan.
Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.
Alcoa Corporation (NYSE:AA) shares are trading higher on premarket Thursday. On Wednesday, the company reported third quarter sales of $2.904 billion, missing the consensus of $2.967 billion.
Alcoa Reports Loss From Continuing Operations Of $0.13 Per Share; Income Of $0.03 Per Share Excluding Special Items Solid Revenue Despite Lower Aluminum Prices;Continued Record Results in Mid and ...
Alcoa and Alba Resolve Civil Litigation Companies Also Enter Into Long-Term Alumina Supply Agreement NEW YORK--(BUSINESS WIRE)-- Alcoa (NYS: AA) ("Alcoa") confirmed today that it has entered into ...
Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets. [1]Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with Alcoa.
In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial ...