Howmet Aerospace Inc.

Company Profile

■URL

https://www.howmet.com/

■Address

201 Isabella Street, Suite 200, Pittsburgh, PA 15212-5872, USA

Business Overview

-The Company manufactures processed parts in titanium, aluminum, nickel superalloys, and other materials for aerospace, commercial transportation, industrial, and other markets. In the FY ended Dec. 2023, aerospace accounted for 64% of sales, and commercial transportation, including forged aluminum wheels for commercial vehicles, accounted for 21%.

-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 aerospace and industrial fastening systems as well as commercial transportation fasteners and installation tools.
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 forged aluminum wheels for trucks, buses, and trailers and related products 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.

Access the latest exhibition info.
Click for a free trial!

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

AlcoaWheels

View latest major parts supplier agreements.
Click for a free trial!

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

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