{"id":32598,"date":"2014-10-02T10:05:06","date_gmt":"2014-10-02T14:05:06","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32598"},"modified":"2014-10-02T10:05:06","modified_gmt":"2014-10-02T14:05:06","slug":"alcoa-inc-nyseaa-unveils-biggest-aluminum-lithium-plant-in-indiana","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/alcoa-inc-nyseaa-unveils-biggest-aluminum-lithium-plant-in-indiana-32598","title":{"rendered":"Alcoa Inc (NYSE:AA) Unveils Biggest Aluminum-Lithium Plant In Indiana"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 10\/02\/2014 (wallstreetpr) \u2013 <strong>Alcoa Inc (NYSE:AA)<\/strong> disclosed that it opened the world\u2019s biggest aluminum-lithium plant in Indiana\u2019s Lafayette. The plant would produce sophisticated third-generation aluminum-lithium alloys targeted towards the aerospace industry.<\/p>\n<p style=\"text-align: justify;\"><strong>Aerospace Industry<\/strong><\/p>\n<p style=\"text-align: justify;\">The Alcoa Inc (NYSE:AA) said that it could see more manufacturers from the aircraft industry preferring lighter but stronger aluminum-lithium alloys, its <a href=\"http:\/\/finance.yahoo.com\/news\/alcoa-opens-world-largest-aluminum-100000049.html\" target=\"_blank\">statement<\/a> indicated. These were not only less expensive compared to titanium and composites but also allowed better efficiency of fuel apart from lower costs towards maintenance.<\/p>\n<p style=\"text-align: justify;\">Alcoa Inc (NYSE:AA) said its intention was to make a big move towards capturing the increasing demand from the aviation industry. It believes that the aviation\u2019s future was being built with aluminum-lithium. The company disclosed that it was already sitting with a $100 million contract in aluminum-lithium revenue for the year 2017.<\/p>\n<p style=\"text-align: justify;\">The capabilities at different locations were expanded to keep pace with the demand. This included Technical Center outside Pittsburgh, Kitts Green facility in Britain and Lafayette. As far as Lafayette cast house, the plant would be able to produce over 20,000 metric tons or 44 million pounds of aluminum-lithium a year. As a result, it becomes the biggest facility of its kind around the world.<\/p>\n<p style=\"text-align: justify;\"><strong>Aluminum-Lithium Portfolio<\/strong><\/p>\n<p style=\"text-align: justify;\">The biggest aluminum producer said that its aluminum-lithium portfolio of products included extruded, rolled and forged parts. It has gained a number one position in aluminum-lithium extrusion market and positioned significantly on the Airbus A350, Boeing 787, Gulfstream G650, and Airbus A380 segment.<\/p>\n<p style=\"text-align: justify;\">The company produces single-piece wing skins meant for fuselage skins, wide-body airplanes, floor beams, wing stringers, seat tracks besides other components. It indicated that it was also creating the\u00a0first ever aluminum-lithium powered forging for a front fan blade\u00a0for PurePower engines of Pratt &amp; Whitney.<\/p>\n<p style=\"text-align: justify;\"><strong>CEO Comments<\/strong><\/p>\n<p style=\"text-align: justify;\">Alcoa Inc (NYSE:AA) Chairman and CEO, Klaus Kleinfeld, said that the facility in Indiana provides the widest aluminum-lithium components portfolio for the next generation aircraft. He said that the plant has a world-class facility to reaffirm its position as premier aluminum-lithium supplier.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 10\/02\/2014 (wallstreetpr) \u2013 Alcoa Inc (NYSE:AA) disclosed that it opened the world\u2019s biggest aluminum-lithium plant in Indiana\u2019s Lafayette. The plant would produce sophisticated [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3239,2832,10026,966],"stock_ticker":[],"class_list":["post-32598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-alcoa-inc","tag-alcoa-inc-nyseaa","tag-klaus-kleinfeld","tag-nyseaa","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alcoa Inc (NYSE:AA) Unveils Biggest Aluminum-Lithium Plant In Indiana - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/alcoa-inc-nyseaa-unveils-biggest-aluminum-lithium-plant-in-indiana-32598\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alcoa Inc (NYSE:AA) Unveils Biggest Aluminum-Lithium Plant In Indiana - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 10\/02\/2014 (wallstreetpr) \u2013 Alcoa Inc (NYSE:AA) disclosed that it opened the world\u2019s biggest aluminum-lithium plant in Indiana\u2019s Lafayette. 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