New ‘Alcoa Recycling’ Group to Leverage Alcoa’s Leadership to Increase Re-Use of Aluminum
Alcoa (NYSE:AA) today announced it will combine its group charged with
recycling aluminum in the packaging market, Evermore Recycling, with its
aluminum scrap purchasing group which recycles aluminum used in other
markets such as aerospace, automotive, and industrial into a single
organization — “Alcoa Recycling” – to further increase the amount of
aluminum that is converted back into new products.
Across its used beverage container (UBC’s) and aluminum scrap groups,
Alcoa recycled approximately 1.4 billion pounds of external aluminum in
2012. By combining the two groups into Alcoa Recycling, the company will
be able to leverage their strengths and go to the market in a singular,
focused manner, said Michael Boyle, Director of Metal Management at
Alcoa who will oversee the combined group. “The vast majority of our
partners in the marketplace have the capability to supply both scrap and
UBC’s to Alcoa for recycling. This new organization will now interface
with the market as one entity,” said Boyle.
The new Alcoa Recycling organization will work with customers across
markets to build upon the large number of closed-loop recycling programs
the company has with customers, as well as implement supply chain
efforts with suppliers to increase aluminum recycling.
Alcoa last month announced a closed-loop recycling program with Boeing
that will significantly increase the reuse of internal aluminum
aerospace alloys from the production of Boeing airplanes. At the outset,
approximately 8 million pounds of high-value 2XXX and 7XXX series
aluminum alloys are expected to be recycled annually. The program also
lays the groundwork for expansion of the effort to capture scrap from
Boeing sub-contractors. Similar programs have been underway for years
across Alcoa’s customer base.
Alcoa has a long history of driving recycling efforts and leveraging the
infinite recyclability of aluminum. For example, on average, can stock
product from Alcoa’s Tennessee Operations contains approximately 90
percent total recycled content. And Alcoa’s packaging products have been
Cradle-to-Cradle Certified for several years. The Cradle-to-Cradle
standard is a multi-attribute, continuous improvement methodology that
represents the most comprehensive sustainability product quality mark
available. The newly aligned Alcoa Recycling group will work with Alcoa
businesses to further drive these types of efforts.
Alcoa has been a leader in recycling of aluminum since it helped create
the modern-day aluminum industry in 1888. Aluminum, unlike other
materials, is infinitely recyclable and doesn’t lose any of its
characteristics or durability when recycled. In fact, approximately 75
percent of all of the aluminum ever produced since 1888 is still in use
today.
About Alcoa
Alcoa is the world’s leading producer of primary
and fabricated aluminum, as well as the world’s largest miner of bauxite
and refiner of alumina. In addition to inventing the modern-day aluminum
industry, Alcoa innovation has been behind major milestones in the
aerospace, automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 125 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa® wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa’s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for 11 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 30
countries across the world. For more information, visit www.alcoa.com
and follow @Alcoa on Twitter at twitter.com/Alcoa and follow Alcoa on
Facebook at www.facebook.com/Alcoa.
Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
or
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Kevin G. Lowery, 412-553-1424
Mobile 724-422-7844