Arconic

Arconic
Public company
Traded as NYSE: ARNC
Industry Manufacturing
Founded 2016
Headquarters United States
Slogan Innovation, engineered

Arconic, stylised ARCONIC, previously known as Value-Add Co. is a former Alcoa offshoot company, a separate entity as of 2016. It turns aluminum and other metals into engineered products of the aerospace and automotive sectors, such as turbine blades.[1][2][3]

In the second half of 2016, Alcoa split into its traditional smelting and refining unit (which maintained the name), and a manufacturing business trading under the new entity.[4][5] It is an independent, Public company.[6][7]

According to Alcoa, the name consists of "A" for Alcoa, "Arc" for the "arc of progress", and "conic" for "iconic products".[6][8][9]

References

  1. ↑ Kinahan, JJ. "Alcoa Results Forecast to Drop Ahead of Company Split". Forbes. Forbes. Retrieved 18 April 2016.
  2. ↑ Denning, Liam. "Alcoa's Long Division Problem". Bloomberg. Bloomberg. Retrieved 18 April 2016.
  3. ↑ Deaux, Joe. "Alcoa Processing Unit to Be Named `Arconic' After Split". Bloomberg. Bloomberg. Retrieved 18 April 2016.
  4. ↑ DIETZ, MARGREET. "While you were sleeping: UPDATED Oil report lifts US stocks". NBR. NBR. Retrieved 18 April 2016.
  5. ↑ Stevenson, Abigail. "Cramer Remix: A surprising outlook for earnings". CNBC. CNBC. Retrieved 18 April 2016.
  6. 1 2 Mekeel, Tim. "Alcoa spinoff to be named Arconic, to include Manheim Pike plant". LancasterOnline. LancasterOnline. Retrieved 18 April 2016.
  7. ↑ MILLER, JOHN W. "Alcoa Spinoff Arconic to Focus on Aerospace, Auto". Wall Street Journal. Wall Street Journal. Retrieved 18 April 2016.
  8. ↑ Boselovic, Len. "New Alcoa company christened Arconic". Pittsburgh Post-Gazette. Pittsburgh Post-Gazette. Retrieved 18 April 2016.
  9. ↑ Hackett, Robert. "Meet Arconic: Alcoa's Spinoff Aerospace and Auto Firm". Fortune. Fortune. Retrieved 18 April 2016.

External links


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