WASHINGTON and NEW YORK and LONDON, Sept. 29, 2015 /PRNewswire/ -- Metals firm Alcoa Inc. announced they will be separating into two standalone, publicly traded companies. MarketResearch.com published a blog covering this transition and the market conditions that prompted the split.
To view the blog, visit: http://hubs.ly/H01db070
Alcoa's first company, which will keep the Alcoa name, will focus on bauxite, alumina and aluminum, casting and energy, while the second company, which has not been named yet, will include global rolled products, engineered products, and transportation and construction solutions. The deal is expected to close in the second half of 2016.
This new value-add company will be a supplier for the aerospace and automotive industries. The demand for lightweight materials in both automobiles and planes has driven demand for aluminum and its alloys. To meet this demand, Alcoa has focused efforts on increasing production of high-performance and multi-material products.
To learn more about Alcoa and its related industries, search MarketResearch.com: http://bit.ly/1KOGATK
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