Howmet Aerospace Inc. (Formerly Arconic Inc.)

Company Profile

■URL

https://www.howmet.com/

■Address

201 Isabella St., Suite 200, Pittsburgh, PA 15212 USA

Business Overview

-Manufactures processed parts in titanium, aluminum, nickel superalloys, and other materials for aerospace, commercial transportation, industrial, and other markets. In the FY ended Dec. 2020, aerospace accounted for 69% of sales, and commercial transportation, including forged aluminum wheels for commercial vehicles, accounted for 16%.

-The business is divided into four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

Engine Components Manufactures investment castings such as airfoils and seamless rolled rings for aircraft engines and industrial gas turbines.
Fastening Systems Manufactures fasteners, latches, bearings, fluid couplings, and installation tools for aerospace and industrial applications.
Engineered Components Produces titanium ingots and stretchings for aerospace and defense applications, as well as forgings, extrusions, and machining services for airframe, wing, aeroengine, and landing gear components.
Forged Wheels Manufactures aluminum wheels for trucks, buses, and trailers for the commercial transportation market. Wheels are supplied under the Alcoa Wheels brand.

 

Name change/spin-off from Arconic Inc.

-On April 1, 2020, the Global Rolled Products segment (rolled products, extrusion and construction) was spun off from Arconic Inc. as Arconic Corporation. The Other Engineered Components and Forging segments were retained and Arconic Inc. changed its name to Howmet Aerospace Inc.

-Arconic Inc. is a company that was spun off from Alcoa Inc. in 2016.

Shareholders

-The Company is listed on the New York Stock Exchange.

Products

Howmet Fastening Systems

  • Lockbolts
  • Structural Blind Fasteners
  • Non-Structural Blind Fasteners and Rivet Nuts
  • Quick Release Fasteners
  • Tension Latches
  • Self-Locking Nuts
  • Solid Threaded Inserts
  • Wire Thread Inserts

Alcoa Wheels

History

1907 Adopted the company name, Alcoa Inc.
1984 Jointly with Fujikura Ltd. of Japan, established a joint venture, Alcoa Fujikura Ltd., to produce fiber optics.
1986 Alcoa Fujikura purchased Pep Industries, a subsidiary of the Company, which makes automotive wire harnesses.
1991 Alcoa Fujikura Ltd. acquired a majority interest in Stribel GmbH, a German producer of original equipment electrical, electromechanical and electronic components for automobiles.
Oct. 1991 Established a wholly owned subsidiary, Alcoa Automotive Structures & Technology GmbH.
1992 Jointly with Kobe Steel Ltd. of Japan, established two joint venture companies in USA and Japan.
1993 The Company's Extrusion/Tube System business unit and VAW Aluminium AG, Germany, established a joint venture, Alcoa VAW Hanover Presswork Gmbh & Co. KG in Germany.
1994 Alcoa Fujikura Ltd. acquired 90% share of Michels GmbH & Co KG in Germany.
Jul. 1998 Acquired all of the outstanding shares of Alumax Inc. for approximately 3.8 billion dollars.
Aug. 1999 Acquired the remaining 50% interest in A-CMI, a joint venture formed in 1995 between the Company and CMI International, from Hayes Lemmerz International Inc. (In February 1999, Hayes Lemmerz International acquired CMI International.)
May 2000 Acquired Reynolds Metals Co. Each share of Reynolds common stock was converted into 1.06 shares of the Company's common stock.
Mar. 2002 Alcoa Fujikura Ltd. acquired 100% ownership of EPC.
2006 Established a new entity in Johannesburg, South Africa, called Alcoa South Africa (Pty) Ltd.
Nov. 2016 Separation of Alcoa Inc. into two standalone companies, Arconic Inc. and Alcoa Corporation.
Apr. 2020 Arconic Corporation was spun off and renamed Howmet Aerospace.

Supplemental Information 1