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2024-03-24 11:05:55

Alcoa

Pittsburgh-based industrial corporation
Pittsburgh-based industrial corporation
Alcoa, founded in 1888, is a major producer of aluminum and alumina. It emerged as the first mass producer of aluminum, revolutionizing the industry. Alcoa split into two entities in 2016: Alcoa Corporation and Arconic Inc. Alcoa has faced criticism for its environmental impact.
1884
Total U.S. Production of Aluminum Before Hall-Héroult Process
Before Charles Martin Hall's discovery of the Hall-Héroult process, total U.S. production of aluminum in 1884 was just 125 pounds.
1886
Charles Martin Hall Develops Aluminum Smelting Method
In 1886, Charles Martin Hall became the first American to succeed in developing a commercially cheap method of smelting aluminum—by electrolysis.
1888
Foundation of ALUMINUM COMPANY OF AMERICA (Alcoa)
The ALUMINUM COMPANY OF AMERICA (Alcoa) was founded in 1888 as the Pittsburgh Reduction Co., and since 1900 has had a branch in Cleveland, locating the headquarters of its forging division here in 1977.
1891
Relocation of Alcoa to New Kensington
Due to the growing demand for aluminum, Alcoa moves its operations from Pittsburgh to New Kensington, where it scales up production to include aluminum ingots and fabricated aluminum products.
1895
Introduction of Aluminum Teakettle
The Pittsburgh Reduction Company expands its market by entering the home cookware market with light, sturdy, and rust-resistant aluminum teakettles.
1898
Charles Martin Hall leaves company to fight in Spanish-American War
In 1898, Charles Martin Hall took leave from the company to participate in the Spanish-American War. While in Puerto Rico, he contracted Malaria, which led to complications and eventually his death less than a year after his return to the states at the age of 44.
1900
Establishment of Alcoa's Sales Office in Cleveland
Alcoa established a sales office in Cleveland's Cuyahoga Bldg. in 1900; it moved to the Garfield Bldg. in 1907, the same year the company changed its name to the Aluminum Co. of America.
1901
Formation of Aluminum Cooking Utensil Company
In 1901, Alcoa formed its own cookware subsidiary, Aluminum Cooking Utensil Company.
1902
Aluminum Company of America becomes the sole legal supplier of aluminum in the United States
By 1902, the Aluminum Company of America (Alcoa) became the only legal supplier of aluminum in the United States after a settlement with Hall's former employer, and while its patents were in force.
1903
Alcoa Aluminum Powers Wright Brothers' Invention
In 1903, the Wright Brothers' historic 'Flyer' is powered by an aluminum heart made from Alcoa's new metal, marking the first use of aluminum to save weight in a flying machine.
1907-01-01
The Aluminum Company of America (Alcoa) adopts new name
On January 1, 1907, 'The Aluminum Company of America' became the firm's new name. This was the year when the acronym 'Alcoa' was coined, and Davis was named company president.
1909-05
Opening of Alcoa's First Production Facility in Cleveland
In May 1909 it opened its first production facility in Cleveland, establishing a sand foundry at 6205 Carnegie Ave.
1910
Alcoa Introduces Aluminum Foil
In 1910, Alcoa introduces aluminum foil, revolutionizing modern homes by reflecting heat and keeping foods cooler and fresher, fundamentally changing how people live.
1911
Alcoa establishes plant in Alcoa, Tennessee
In 1911, Alcoa established a plant in Alcoa, Tennessee, as part of its expansion.
1913
Construction of ALCOA South (Reduction) Plant
In 1913, ALCOA began construction on the South (Reduction) Plant, which was a significant development for the company's expansion.
1914
Charles Martin Hall, Vice President of Alcoa, passes away
Hall remained a vice president of Alcoa until his death in 1914.
1915
Alcoa establishes plants in Edgewater, New Jersey and Badin, North Carolina
In 1915, Alcoa established plants in Edgewater, New Jersey and Badin, North Carolina, as part of its expansion.
1916
First Aerospace Alloy
Alcoa introduced its first aerospace alloy, 2017-T4, which became a crucial material for constructing the historic USS Shenandoah rigid airship. This alloy continues to be utilized for aircraft sheet and plate, with over 90% of all aerospace industry alloys being developed by Alcoa research.
1917
Opening of Alcoa's Mold Plant in Cleveland
In 1917 Alcoa opened a mold plant on farmland at 2210 Harvard Ave.
1918
Alcoa's New Kensington facility expansion
By the end of World War I, Alcoa's New Kensington facility had expanded significantly, accounting for a fifth of the local population and covering over 1 million square feet of manufacturing space on 75 acres.
1919-07-01
Chartering of the City of Alcoa
The City of Alcoa was officially chartered by a private act of the Tennessee General Assembly on July 1, 1919. This followed land purchases by the Aluminum Company of America (ALCOA) in an area known as North Maryville, which later became Alcoa. The city's incorporation was essential for the development of the aluminum industry in the region.
1920
ALCOA Employment and Housing Development
By 1920, ALCOA employed 3,672 workers and built 150 company-owned homes for its employees, demonstrating the company's significant impact on the local economy and housing development.
1923
Alcoa's research into aluminum alloys
After obtaining the rights to Alfred Wilm's duralumin patent, Alcoa conducted additional research into other aluminum alloys, leading to the use of horizontal extrusion presses for aerospace and construction applications.
1925
Alcoa Becomes a Public Company
Alcoa's common stock is listed on the New York Curb Exchange, which later became the American Stock Exchange. This move marked a significant milestone in the company's history, opening up new opportunities for investment and growth.
1928
Appointment of Davis as chairman of Alcoa's board of directors
Davis was named chairman of Alcoa's board of directors in 1928 and remained in that role for thirty years until his retirement.
1929
Arthur Vining Davis retires as president of Alcoa
In 1929, Arthur Vining Davis retired as president of Alcoa and became chairman. He was succeeded by Roy Hunt, the son of Alfred Hunt.
1930
The World’s First Aluminum Research Laboratory
Alcoa established the world's first aluminum research laboratory, demonstrating its commitment to innovation and advancement in the field of aluminum production and application. This laboratory played a pivotal role in shaping the future of aluminum technology.
1937
United States Department of Justice brings antitrust lawsuit against Alcoa
In 1937, the United States Department of Justice brought a famous antitrust lawsuit against Alcoa, accusing the company of monopolizing the aluminum industry and conspiring with foreign producers.
1938
Justice Department charges against Alcoa
In 1938, the Justice Department charged Alcoa with illegal monopolization and demanded that the company be dissolved, leading to the case of United States v. Alcoa.
1941
World War II increases demand for aluminum
With the onset of World War II in 1941, the demand for aluminum surged due to its extensive use in domestic, industrial, and military sectors, leading to a doubling of demand for the metal.
1942
Sinking of SS Alcoa Puritan
During World War II, a German U-Boat sank the SS Alcoa Puritan in 1942, as it carried a load of bauxite ore, highlighting the crucial use of aluminum products during the war.
1944
Government-financed Alcoa plants sold to new rivals
During World War II, the U.S. government financed new plants that were built and run by Alcoa. As the war shifted in favor of the Allies in 1944, the government decided to sell off these plants to Reynolds Metals Company and Permanente Metals Corporation, creating an oligarchy in the U.S. aluminum market.
1945
Alcoa found guilty of antitrust violations
In 1945, an appeals court ruling found Alcoa guilty of antitrust violations, calling for a breakup of the company’s monopolistic hold on the aluminum market.
1950
Historic Verdict Against Alcoa
In a historic verdict in 1950, a judge ruled against divestiture, marking the end of the U.S. v. Alcoa case. This ruling had a significant impact on Alcoa's hold on the American aluminum market.
1951
Roy Hunt's Retirement
In 1951, Roy Hunt retired from Alcoa, leading to a change in leadership. Irving Wilson succeeded him as the head of the company.
1952
First Aluminum-Sheathed High-Rise Building
The Alcoa Building in Downtown Pittsburgh, featuring an all-aluminum exterior, is completed. It serves as the company’s headquarters for more than 40 years and ushers in a new era of high-rise buildings clad in Alcoa aluminum.
1953
Alcoa as Main Sponsor of See It Now
Alcoa is depicted as the primary sponsor of the 1953 CBS program See It Now in George Clooney's Academy Award–nominated 2005 film Good Night, and Good Luck.
1955-05
Opening of Alcoa's Plant for Military Aircraft Forgings
In May 1955 Alcoa opened a $40 million plant that it built for and then leased from the U.S. Air Force to make light alloy forgings for military aircraft; Alcoa bought the plant from the government in 1982.
1957
Davis's Retirement and Alcoa's Response
In 1957, Davis retired after 69 years of service with Alcoa. This led to a change in leadership, with Wilson succeeding him and Frank Magee becoming president and CEO. Alcoa also realized the need to internationalize and diversify in order to ensure its future.
1958
Alcoa's International Expansion
In 1958, Alcoa joined with Lockheed and Furukawa Electric Company to form Furalco, which produced aluminum aircraft parts for Lockheed. The company also attempted a friendly acquisition of a stake in struggling British Aluminum, Ltd., marking its entry into the largest takeover battle in British corporate history at the time.
1959
Formation of Alcoa Minerals of Jamaica
Alcoa formed the Alcoa Minerals of Jamaica subsidiary on the island in 1959, shipping their first load of bauxite in 1963 from Rocky Point.
1960
Acquisition of Rea Magnet Wire Company and Cupples Products Company
In 1960, Alcoa purchased Rea Magnet Wire Company and Cupples Products Company, a manufacturer of aluminum curtain walls and doors, as part of its aggressive expansion into producing finished aluminum products.
1962
Alcoa introduces easy-open aluminum pull tabs on cans of Pittsburgh Brewing's Iron City beer
Alcoa collaborates with the Pittsburgh Brewing Company to introduce easy-open aluminum pull tabs on cans of Pittsburgh Brewing's Iron City beer, revolutionizing the canned beverage market. This innovation, along with aluminum's recyclability, contributes to the dominance of aluminum in the canned beverage market.
1963
John Harper becomes president and CEO of Alcoa
In 1963, John Harper took over as the president and CEO of Alcoa. He faced challenges such as increased competition, high overhead, and low market prices for aluminum. To address these issues, he pushed for a shift towards manufacturing finished products with higher returns.
1966
Alcoa posts record profit
In 1966, Alcoa achieved a record profit, surpassing a mark it had set ten years before. This success came after the company's initiative to produce sheet metal for aluminum cans, which gained popularity among beverage consumers in the 1960s.
1969
Alcoa's Contribution to U.S. Space Program
Alcoa's alloys and propellants play a crucial role in the U.S. space program, contributing to significant milestones such as the first manned flight, the first moon landing, and the development of the Space Shuttle and International Space Station programs.
1972
Alcoa decides to sell its technology to other manufacturers
In 1972, Alcoa decided to sell its technology to other manufacturers on a large scale, a significant departure from previous policies.
1975
W.H. Krome George becomes chairman and CEO of Alcoa
In 1975, W.H. Krome George succeeded John Harper as chairman and CEO of Alcoa. He brought new energy to the company and initiated various initiatives, including a focus on recycling and research into high-tech applications of aluminum.
1977
Consolidation of Alcoa's Forging Operations in Cleveland
In July 1977 Alcoa consolidated its forging operations in Vernon, CA, with its Cleveland operation to create the Alcoa Forging Div., with headquarters at 1600 Harvard Ave.
1979
Establishment of Alcoa Recycling
Alcoa Recycling is established, marking a significant milestone in the company's commitment to sustainability and environmental responsibility.
1983
Charles Parry becomes CEO of Alcoa
In 1983, Charles Parry took over as the CEO of Alcoa, with a strong commitment to diversifying the company. He aimed to significantly increase the company's revenue from non-aluminum sources by 1995, leading to a period of aggressive acquisition and expansion.
1987
Alcoa becomes one of the safest companies in the world under Paul O'Neill's leadership
After Paul O'Neill became Alcoa CEO in 1987, Alcoa became one of the safest companies in the world, despite the aluminum industry's inherent risks.
1991-06-25
Alcoa, the Microcosm
The article 'Alcoa, the Microcosm' was published in Financial World on June 25, 1991. It likely provides an in-depth analysis of Alcoa's operations, financial performance, and market position during that period.
1994-08-01
Alcoa Wants to Take Its Show on the Road
The article 'Alcoa Wants to Take Its Show on the Road' was featured in Business Week on August 1, 1994. It probably discusses Alcoa's international expansion or marketing strategies during that period.
1995
Moving Alcoa's Headquarters
As part of O’Neill’s restructuring vision, Alcoa moved from its 1952 headquarters to a new, $40 million facility on the Allegheny riverfront in 1995.
1997-10-06
What’s Foiling the Aluminum Can
The article 'What’s Foiling the Aluminum Can' was published in Business Week on October 6, 1997. It likely addresses the challenges or issues affecting the aluminum can industry, which may have implications for Alcoa as a major player in the sector.
1998
Alcoa Officially Becomes 'Alcoa'
In 1998, The Aluminum Company of America officially changed its name to 'Alcoa' to better reflect its global status. The name 'Alcoa' was first coined in 1910 as the name of a company town in Tennessee.
2000-09-11
Alcoa Wants One of These, and One of Those
The article 'Alcoa Wants One of These, and One of Those' was featured in Business Week on September 11, 2000. It probably discusses Alcoa's strategic objectives, expansion plans, or acquisitions at that time.
2001-02-05
How O’Neill Got Alcoa Shining
The article 'How O’Neill Got Alcoa Shining' was published in Business Week on February 5, 2001. It likely focuses on the leadership and management strategies of Paul O’Neill, who was the CEO of Alcoa, and their impact on the company's performance.
2002-01
Alcoa's First Quarterly Loss Since 1994
In January 2002, Alcoa posted its first quarterly loss since 1994, indicating vulnerability to the metals market despite strategic gains.
2003-01-03
Alcoa opens new operations headquarters on the North Shore of Pittsburgh
On January 3, 2003, Alcoa inaugurated its new operations headquarters on the North Shore of Pittsburgh, following the donation of its old skyscraper headquarters in Downtown Pittsburgh to the Regional Development Authority.
2004
Alcoa and Pittsburgh Brewing’s Iron City Beer Debut First Aluminum Bottle
Alcoa and Pittsburgh Brewing collaborate to introduce the first aluminum bottle for Iron City Beer.
2005
Construction of Alcoa Fjarðaál in Iceland
In 2005, Alcoa began construction in Iceland on Alcoa Fjarðaál, a state-of-the-art aluminum smelter and the company's first greenfield smelter in more than 20 years, albeit under heavy criticism by local and international NGOs related to a controversial dam project exclusively dedicated to supplying electricity to this smelter.
2006-11-21
Closure of Waunarlwydd works in Swansea
On November 21, 2006, Alcoa announced the planned closure of the Waunarlwydd works in Swansea, with the loss of 298 jobs. Production ceased at the Swansea plant on January 27, 2007.
2007-03
RUSAL merged with SUAL and Glencore to become United Company Rusal
In March 2007, the Russian aluminum giant RUSAL merged with SUAL and the Swiss company Glencore to become United Company Rusal, overtaking Alcoa as the world’s largest aluminum company.
2007-04
Fjarðaál smelter brought into full operation
The Fjarðaál smelter in eastern Iceland was brought into full operation in April 2007. It processes 940 tons of aluminum a day and relies on the Kárahnjúkar Hydropower Plant for power.
2007-05
Alcoa's $27 billion hostile takeover bid of Alcan
In May 2007, Alcoa made a $27 billion hostile takeover bid of Alcan, aiming to unite the two companies to reclaim the top spot in the aluminum market.
2007-06
Fjarðaál smelter completed
The Fjarðaál smelter in eastern Iceland was completed in June 2007 and brought into full operation the following April. It has a capacity of 346,000 metric tons a year, making it Alcoa's second largest capacity smelter.
2008-05-08
Klaus Kleinfeld Appointed CEO of Alcoa
On May 8, 2008, Klaus Kleinfeld was appointed CEO of Alcoa, succeeding Alain Belda. This leadership change marked a significant transition for the company.
2008-09-09
Alcoa Named to Dow Jones Sustainability Index
Alcoa was named to the Dow Jones Sustainability Index for the seventh consecutive year in 2008, recognizing the company's commitment to sustainable business practices.
2009-01
Alcoa Named to Global 100 Ranking for Sustainable Business Practices
During the World Economic Forum in Davos, Switzerland in January 2009, Alcoa was named to the Global 100 ranking for its exemplary sustainable business practices, highlighting the company's strong commitment to sustainability.
2009-09
Alcoa Selected for Dow Jones Sustainability Indexes
In September 2009, Alcoa was selected for the Dow Jones Sustainability Indexes for the eighth consecutive year, solidifying its position as a leading reference point for sustainability investing and showcasing the company's enduring commitment to sustainability.
2010-03-22
World’s Most Admired Companies
Fortune's 'World’s Most Admired Companies' list published on March 22, 2010, featured Alcoa as one of the admired companies, highlighting its positive reputation and influence.
2011-04
Alcoa launches first aluminum bottle for North American beer industry
Alcoa collaborates with Pittsburgh Brewing to introduce the first aluminum bottle to the North American beer industry. The aluminum bottles are promoted for being unbreakable, better at retaining cold temperatures, aesthetically appealing, and more environmentally friendly than glass containers.
2011-10
Dropping of proposed smelter project in Bakki by Húsavík
In October 2011, the proposed smelter project in Bakki by Húsavík was dropped because the power availability and proposed pricing would not support an aluminum smelter.
2012-07-16
Alcoa Takes Over Evermore Recycling
On July 16, 2012, Alcoa announced that it would take over full ownership and operation of Evermore Recycling, a leader in used beverage can recycling. This acquisition was part of Alcoa's strategic expansion in the recycling sector.
2013-06
Closure of Alcoa's Fusina Primary Aluminum Smelter
In June 2013, Alcoa announced the permanent closure of its Fusina primary aluminum smelter in Venice, Italy. This decision came after production had been curtailed since June 2010, reflecting the company's restructuring efforts.
2014-01-09
Alcoa Reaches Settlement with SEC and DOJ
On January 9, 2014, Alcoa reached a settlement with the U.S. Securities and Exchange Commission and the U.S. Department of Justice over charges of bribing Bahraini officials. The settlement involved significant financial penalties, reflecting the legal repercussions faced by the company.
2016
Alcoa separates into two independent companies
After 128 years of operation, Alcoa divides its mining, refining, smelting, and power businesses from its fabrication businesses, forming two independent companies: Alcoa and Arconic.
2017-09-01
Alcoa Moves Headquarters Back to Pittsburgh
In September 2017, Alcoa moved its headquarters back to Pittsburgh as part of a general consolidation of administrative facilities around the world. This relocation signified a shift in the company's operational focus.
2018-10
Alcoa Announces Plans to Move to Downtown Pittsburgh
In October 2018, Alcoa announced plans to move from Pittsburgh's North Shore to a downtown Pittsburgh location. This move was likely part of the company's ongoing efforts to optimize its operational infrastructure.
2019
Alcoa forms ELYSISTM joint venture
Alcoa established a joint venture called ELYSISTM to commercialize a groundbreaking smelting technology that eliminates greenhouse gas emissions and produces pure oxygen.
2020
Introduction of the First Low-Carbon Alumina Brand
Alcoa introduced the first low-carbon alumina brand, marking a significant step towards environmentally friendly aluminum production.
2021
Supply of Sustainable, Low-Carbon Aluminum for e-tron GT Wheels
Alcoa supplies sustainable, low-carbon aluminum for wheels on the e-tron GT, with Audi being the first to use metal from their revolutionary technology that eliminates all direct carbon dioxide emissions from the traditional smelting process.
2022
Alcoa Commissions New Brazilian Processing Facility
Alcoa completed the installation of press filtration technology for bauxite residue at its Poços de Caldas refinery in Brazil, aiming to reduce carbon emissions and energy consumption.
2024-02-25
Alcoa set to take over Australian partner in $3.3b deal
On February 25, 2024, it was reported that US giant Alcoa is poised to acquire its Australian partner in a $3.3 billion deal. This acquisition demonstrates Alcoa's significant presence and influence in the international aluminium industry.
2024-02-26
Alcoa makes $2.2 billion offer for Australia's Alumina
On February 26, 2024, US aluminium maker Alcoa announced a $2.2 billion offer to acquire Australia's Alumina. This move signifies Alcoa's strategic expansion and investment in the global aluminium market.
2050
Alcoa's Ambition for Net-Zero Greenhouse Gas Emissions
Alcoa announced its goal to achieve net-zero greenhouse gas emissions across its global operations by 2050.
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Alcoa

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Alcoa

Pittsburgh-based industrial corporation
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