Keyword/Image Search
AI Navigator
login
Howmet Aerospace Inc.
Company Profile
Business Overview
-The Company develops and manufactures engineered solutions made from titanium, aluminum, nickel superalloys, and other materials primarily for aerospace and commercial transportation applications. For commercial vehicle applications, the Company manufactures forged aluminum wheels and fastening systems. In the fiscal year ended December 31, 2024, the aerospace market accounted for 68% of the Company’s sales, while the commercial transportation market represented 17% of the Company’s sales.
-The Company is organized into four reportable segments as listed below:
- Engine Products: The segment produces components for aircraft engines and industrial gas turbines including airfoils and seamless rolled rings.
- Fastening Systems: The segment produces fastening systems for aerospace, commercial transportation, renewable, and material handling industries.
- Engineered Structures: The segment produces titanium ingots and mill products for aerospace and defense applications; The segment is vertically integrated to also produce titanium forgings, titanium extrusions, aluminum forgings, nickel forgings, and aluminum machined components.
- Forged Wheels: The segment produces lightweight forged aluminum wheels for commercial transportation applications and vehicles such as trucks, buses and trailers. The manufactured wheels are sold under the Alcoa Wheels brand.
-In 2016, Arconic Inc. was spun-off as an independent company from Alcoa Inc. Arconic Inc. was comprised of three segments. In April 2020, Arconic Inc.’s Global Rolled Products segment was spun-off into another independent company as Arconic Corporation. The remaining Engineered Components and Forging segments were retained as the current Company, renamed to Howmet Aerospace Inc.
Competitors
-Accuride
-Alux
-Citic Dicastal
-Eramet Group
-Nippon Steel
-Berkshire Hathaway
-Ronal
-Wheels India Limited
Shareholders
-The Company is listed on the New York Stock Exchange.
Products
Fasteners
- 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
Aluminum wheels
- vHub Bore Technology to reduce hub-to-wheel contact area and corrosion
- Dual Valve aluminum wheels
- Lightweight aluminum wheels featuring MagnaForce alloy
- Wide base aluminum wheels
- Aluminum wheels for severe service applications
- Aluminum wheels for heavy load applications
Aluminum wheel finishes
- Dura-Black matte black finish
- Dura-Bright durable advanced surface treatment
- Dura-Flange surface treatment to reduce rim flange wear
- High Polish and Mirror Polish finishes with high reflective clarity
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. |
| Dec. 2023 | Announced an investment of EUR 44.9 million to expand its Howmet-Köfém’s site in Szekesfehervar, Hungary. |
Supplemental Information 1
>>>Business Report up until FY ended Dec. 31, 2012
>>>Business Report up until FY ended Dec. 31, 2014
>>>Business Report up until FY ended Dec. 31, 2016
>>>Business Report up until FY ended Dec. 31, 2017
>>>Business Report up until FY ended Dec. 31, 2018
>>>Business Report up until FY ended Dec. 31, 2019
>>>Business Report up until FY ended Dec. 31, 2020
>>>Business Report up until FY ended Dec. 31, 2021
>>>Business Report up until FY ended Dec. 31, 2022
>>>Business Report up until FY ended Dec. 31, 2023
Note:
-A figure in brackets ( ) indicates a loss
-This report includes information of Alcoa, Inc. through the fiscal year ended December 31, 2015, prior to its restructuring.
>>>Alcoa official site
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India