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Hi, need to submit a 2500 words essay on the topic Alcoa Inc.It has a large product base – most of them are considered as most sustainable products. Serving different markets ranging from Aerospace
Hi, need to submit a 2500 words essay on the topic Alcoa Inc.
It has a large product base – most of them are considered as most sustainable products. Serving different markets ranging from Aerospace to consumer packaging industry, Alcoa, over the period of time has been able to generate strong growth rates. Further it is also being continuously expanding into various markets and currently most of its revenue growth is coming from China.
Based on the projections of the China’s future economic performance and strong demand being generated from that region, it is largely believed that the future performance of the company would largely depend upon how the Chinese economy performs. This is also because of the fact that the growth in North American markets for the company has been negative and considering the recent credit crunch in the market, it is largely anticipated that the demand from the traditional region of business for Alcoa would decrease substantially and company has to rely on the other markets to develop.
Alcoa is the leading producer of primary aluminum, fabricated aluminum as alumina facilities and is also an active player in other aspects of the industry also. It products are served in markets like Aerospace, Alumina, Aluminum Ingot, Automotive, Building and construction, commercial transportation, Industrial Products and services as well as packaging and other consumer products. “In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, and building systems” (Alcoa, 2008). The company has a presence in almost 34 countries with 97000 employees working for the company in various positions in various countries. It has been the honor of the company that it has been labeled as most sustainable company in the world in World Economic Forum, Davos, Switzerland. The company has a record of working on creating an environment which is often considered as safer
