Arconic Announces Multi-Year Deal with Toyota

March 19, 2017
  • Arconic aluminum debuted on 2016 Lexus RX, Toyota’s first vehicle in North America to feature aluminum sheet
  • Deal makes Arconic the sole aluminum sheet supplier to Toyota for the Lexus RX

Global technology, engineering and advanced manufacturing leader Arconic
(NYSE:ARNC) today announced a multi-year supply deal with Toyota North
America. Arconic is supplying aluminum to Toyota for its all-new Lexus
RX. The vehicle debuted last year and became Toyota’s first vehicle in
North America to prominently feature aluminum exterior panels.

“Automakers worldwide are turning to aluminum for the stronger, tougher,
higher performing vehicles that consumers demand,” said Mark Vrablec,
President of Arconic’s Aerospace & Automotive Products business. “Many
bestselling vehicles in America have already converted to aluminum for
improved performance, including better fuel efficiency, more towing and
payload capacity, and improved vehicle safety scores. This trend will
continue. We are proud to expand our relationship with Toyota.”

This makes Arconic the sole aluminum sheet supplier to Toyota for the
Lexus RX, named by Consumer Reports as the Best Luxury SUV of

The Arconic and Toyota deal draws on the strong automotive expertise and
manufacturing capability of Arconic’s Global Rolled Products business.
Arconic will supply Toyota from its plants in Davenport, Iowa, and
Danville, Illinois.

Arconic is a premier partner to the high-growth automotive industry with
operations in Davenport, Iowa, and Alcoa, Tennessee and breakthrough
technologies like the Arconic
™ in San Antonio, Texas.

The Company estimates that it will grow its automotive sheet revenue
from $76 million in 2010 to $1.3 billion in 2018, and across Arconic’s
full automotive portfolio, 98 percent of Arconic revenues come from
products where it is number one or number two in its segment.

Dissemination of Company Information

Arconic intends to make future announcements regarding Company
developments and financial performance through its website at

About Arconic

Arconic (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing techniques, we deliver these products at a quality and
efficiency that ensure customer success and shareholder value. For more
Follow @arconic: Twitter,
and YouTube.

Forward-Looking Statements

This release contains statements that relate to future events and
expectations and as such constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
“anticipates,” “estimates,” “expects,” “may,” “plans,” “projects,”
“should,” “will,” “would,” or other words of similar meaning. All
statements that reflect Arconic’s expectations, assumptions or
projections about the future, other than statements of historical fact,
are forward-looking statements, including, without limitation,
projections of competitive position, market share, growth opportunities,
revenues or other financial items of Arconic; and projections regarding
the growth of Arconic’s automotive sheet revenue and the automotive and
other end markets. Forward-looking statements are not guarantees of
future performance and are subject to risks, uncertainties, and changes
in circumstances that are difficult to predict. Although Arconic
believes that the expectations reflected in any forward-looking
statements are based on reasonable assumptions, it can give no assurance
that these expectations will be attained and it is possible that actual
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and uncertainties.
Such risks and uncertainties include, but are not limited to: (a)
deterioration in global economic and financial market conditions
generally; (b) unfavorable changes in the markets served by Arconic,
including the automotive market; and (c) the other risk factors
discussed in Arconic’s Form 10-K for the year ended December 31, 2016,
and other reports filed with the U.S. Securities and Exchange
Commission. Arconic disclaims any obligation to update publicly any
forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable law. Market
projections are subject to the risks discussed above and other risks in
the market.

Patricia Figueroa, (212) 836-2758
Lori K. Lecker, (412) 553-3186