The second quarter results include the impact of $400 million of special items, including $319 million from the divestiture of Alcoa
's interest in the Ma'aden Rolling Company (MRC) in Saudi Arabia and $81 million in other special items.
's bauxite and alumina costs are in the lowest quartile and aluminum costs are in the lowest half of global production costs.
Beerman first joined Alcoa
Inc in 2001 as manager of Corporate Financial Systems and from then until 2012, served in many leadership roles such as director of Alcoa
's Global Procurement Center of Excellence and manager of North America Financial Accounting Services.
Under the new agreement, Alcoa
Forgings and Extrusions will supply differentiated components for Boeing's airplanes, including the wing, fuselage, and landing gear.
This investment will enable Alcoa
to process its largest jet engine parts in-house.
"On behalf of Alcoa
Foundation, we are so pleased to award this grant to the Coding Academy at the ECF Kayne Eras Center School, since we think that STEM education and training provide critical skills to prepare young people for the workforce," explained Sarena Frank of Alcoa
AFSR Carson aerospace fasteners operations.
With RTI, Alcoa
said it will grow its value-add businesses and further strengthen its aerospace portfolio.
Through their grant program, Alcoa
has supported the WVC Industrial Technology programs.
Foundation are aligned to innovate with the third "P"--people, by driving shared value practices to talent acquisition and development within communities and Alcoa
will add equipment for a new production line and modify existing machinery at the Hampton facility to produce the blades.
Sellers: Inland American Bryant Alcoa
LLC and Inland American Bryant Alcoa
II of Oak Brook, III.