Howmet Aerospace Inc.
Company Profile
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. 2022, aerospace accounted for 62% of sales, and commercial transportation, including forged aluminum wheels for commercial vehicles, accounted for 23%.
-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
>>>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
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
