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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 ...
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Aluminum products maker Arconic Inc is weighing takeover approaches from at least two private-equity groups, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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.
An Arconic spinoff is in the works and news of the change has shares of ARNC stock falling on Friday.Source: Shutterstock Arconic (NYSE:ARNC) announced its spinoff plans during its earnings report ...