4/4/2016
HEADLINES
Alcoa Names Fastener Segment Parent Company
Alcoa unveiled the name, logo and tagline of its future “value-add” company: “Arconic. Innovation, Engineered.”
Alcoa also affirmed that its separation into two, independent, publicly-traded companies in the second half of 2016 “remains on track.”
In September 2015 Alcoa’s board unanimously approved a plan to separate the company into two independent, publicly-traded companies.
Alcoa’s $1.8 billion Fastening Systems and Rings business is part of Arconic, which also includes Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions.
Current CEO Klaus Kleinfeld will become CEO of Arconic.
The future “upstream” company will operate under the Alcoa name.
Both Arconic and Alcoa will be domiciled in the U.S. and listed on the NYSE, Arconic as ARNC and Alcoa as AA. Both will be FORTUNE 500 companies.
“The logo is a two-dimensional icon that the eye sees as a three-dimensional projection, symbolizing Arconic’s ambition and ability to make what is often deemed impossible real,” Alcoa stated. “Its silhouette pays homage to the Alcoa mark, while the color represents the company’s vibrant, dynamic culture.”
Torrance, CA-based Alcoa Fastening Systems & Rings designs and manufactures fastening systems and rings, including specialty fasteners, fluid fittings, assembly components, installation systems, and seamless rings, for aerospace and industrial applications. AFS&R has over 8,700 employees at 39 manufacturing and distribution/logistics locations in 13 countries. Web: afsr.alcoa.com
Related Stories:
• Alcoa Fastener Segment Sees Record Sales
Related Links:
• Arconic
Share: