Boston, MA 03/28/2014 (wallstreetpr) – A leading global player in manufacturing and devising lightweight metals – Alcoa Inc (NYSE:AA) has it all to keep abreast with the latest challenges for advancement and growth. It has mastered the art of providing multi-material solutions for progress in transportation technologies. With consistent efforts towards achieving the same, this period witnessed the endeavor to understand the dynamics and growth prospective better.
Lightest truck wheel is all set to roll
Alcoa Inc (NYSE:AA) bowled out its competitors yet again with inception of its spectacular technological brain child- the lightest durable truck wheel. It’s a perfect example of Alcoa’s efficiency and hold in the transport & technology sector. The direct impact of this innovation will be seen in the form of increased fuel efficiency and payload along with shedding of pounds by the trucks.
Looking for numbers and figures? Well, in simple term Alcoa’s brilliant innovation is 47% lighter as compare to steel wheels of equivalent size. It has a capacity to save around 1.4K pounds per rig. (Isn’t that just amazing?) The company has all praises for the heavy-duty truck wheel i.e. without ‘heavy’. It is capable of carrying more loads tacked with pollution control angle too. It’s a pro environment invention as lighter wheels leads to less consumption of fuel & in turn fewer emissions of greenhouse gases.
Alcoa’s business is on wheels that are rushing towards making great profit figures. It has grown at a rate of 22% annually from 2009-2013. And the major contribution of 67% in the same is propelled by technological innovations making Alcoa as one of the fastest growing businesses.
Hungry sees Alcoa’s expansion trail
Alcoa Inc (NYSE:AA) has recently cleared its plan of investing $13 million to fuel its expansion spree. It is planning to expand its manufacturing plant in Hungry to keep up with the soaring demand for its newbie product that is amalgamation of lightweight, efficiency and durability. This would directly enable Alcoa to double the production of Dura-Bright® wheel while keeping pace with demands in Europe. This would essentially help in advancement and capturing more market thereby opening gates of surplus revenues and profits. The construction is expected to start in the month of Januaryin 2015.
