Alcoa, Inc. (AA) Financial News - Alcoa Starts Construction of Refinery at Saudi Venture
Alcoa, Inc. (AA)
Alcoa Starts Construction of Refinery at Saudi Venture
2011-08-12 03:33:01
Quote: “We’re near very
high-population areas.â€
Ma’aden owns 75 percent of the venture and New York-based
Alcoa owns 25 percent, Mike Belwood, a spokesman for Alcoa, said
in a telephone interview. Alcoa provides technical expertise for
the refinery, smelter and mill and Saudi Arabia is building
infrastructure for the project including a port, rail line and
power plant, Belwood said.
The rolling mill and smelter will begin production in 2013
and the mine and refinery will start up in 2014.
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Alcoa, Inc. Stock Summary
Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. Its products include precision castings, industrial fasteners, consumer products, food service and flexible packaging products, plastic closures, and electrical distribution systems for cars and trucks. The company offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; extruded and end products, including extrusion, tube, and architectural products; engineered solutions that comprise aerospace products, automotive components, Alcoa el...
