Alcoa Endures 1Q12 Drop in Prices, Sees Strong Productivity Gains, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 04/12/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum maker (NYSE:AA) (Pittsburgh, Pennsylvania) weathered stormy market conditions in the first quarter of 2012, as steep declines in realized aluminum and alumina prices offset the benefits of improved productivity and volumes, as well as record results in the Flat-Rolled Products and Engineered Products segments. Net income for the quarter was reported to be $94 million, compared with $308 million in first-quarter 2011.
Industrial Info is tracking about $4.2 billion in active Alcoa projects, including the $150 million expansion and modernization of a Brazilian aluminum smelter in Pocos De Caldas, Minas Gerais. For more information, visit Industrial Info's .
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Datum: 12.04.2012 - 04:20 Uhr
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