Arconic launches as standalone company

amnovember16news-arconic
amnovember16news-arconic

Arconic has launched as a global company in multi-materials innovation, precision engineering and advanced manufacturing, strongly positioned in attractive markets. The company has begun trading on the New York Stock Exchange (NYSE) under the ticker "ARNC”.

Arconic has launched as a global company in multi-materials innovation, precision engineering and advanced manufacturing, strongly positioned in attractive markets. The company has begun trading on the New York Stock Exchange (NYSE) under the ticker 'ARNC'.

In 2015, the businesses that today comprise Arconic recorded revenues of approximately $12.5 billion. Of this, approximately 65% derived from markets characterised by secular growth and compelling margins, including aerospace and automotive; the balance – 35% – was from markets with solid growth and attractive margins, such as specialty and industrial products, and building and construction.

Speaking on the first day of trading, Arconic chairman and CEO Klaus Kleinfeld said: “Today we launch Arconic as a strong independent company. Our multi-year transformation while part of Alcoa substantially improved our competitiveness and profitability. Today, we are very well positioned as a leader in attractive markets. Our culture combines driving innovation with a relentless focus on operational excellence and cost control; this positions Arconic to create significant value for our customers and profitable growth for our shareholders.”

Within aerospace, which accounts for approximately 40% of Arconic total revenues, the company develops and manufactures high performance, engineered products and solutions for airframe structures and aero engines. Since 2008, the company has significantly grown its capabilities through a combination of organic and inorganic technology and innovation-focused investments.

As a result, Arconic has gained significant share on next generation aero engines and aero structures. The company can supply over 90% of the components within the jet engine, and it is a leader in structural parts for both metallic and carbon fibre reinforced plastic (CFRP) aircraft. 85% of the company’s aerospace revenues come from products where it holds either the number one or number two market position.

www.arconic.com

Company

Arconic

Related Articles

The engine for growth

Dr Neil Calder talks to Simon Weeks, chief technology officer about the Aerospace Technology Institute aero engine technology strategy.
6 years ago Features

An engine for growth

New ownership, new machine tool investment and new resources combine to drive Bromford Industries’ portfolio growth strategy within the aero engine manufacturing supply chain. Aerospace Manufacturing reports.
6 years ago News

Tripling the benefit

The intense heat of a turbine engine’s core has been the preserve of metal alloys and carbon fibre, but large-scale ceramic matrix composite production is about to change that. Rob Coppinger reports.
6 years ago Features
Most recent Articles

Instron’s 6800 Series testing systems on display at JEC

At this year’s JEC World event, Instron (hall 5, stand M95) will be featuring the latest 6800 Series universal testing systems, which are designed to conduct an expansive variety of tests on composites and many other materials used in the aerospace, raw materials, biomedical, automotive, and consumer electronics industries.
2 days ago News

Login / Sign up