Top-ranked metals company for five consecutive years; Top score in all key attributes
For the fifth consecutive year, lightweight metals engineering and manufacturing leader Alcoa (NYSE:AA) has been named the most admired metals company by Fortune magazine in its annual ranking on corporate reputation. Alcoa has been on Fortune’s Most Admired List since the publication began the annual ranking more than 30 years ago.
In addition, Alcoa received top scores in all key attributes: innovation, people management, social responsibility, use of corporate assets, quality of management, financial soundness, long-term investment value, quality of products and services, and global competitiveness.
“This award is a credit to our talented employees around the world,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Alcoa employees everywhere continue to work tirelessly to ensure our businesses are leaders in their markets. Through their work, we are successfully positioned to launch two strong standalone companies later this year.”
As previously announced, Alcoa plans to separate into two, industry-leading publicly traded companies in the second half of 2016. The Upstream company will comprise five strong business units that today make up Global Primary Products: Bauxite, Alumina, Aluminum, Cast Products and Energy; the innovation and technology-driven Value-Add company will include the Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions businesses.
The Most Admired ranking is based on surveys of executives, analysts, and directors who rate companies in their own industries.
The complete list of the World’s Most Admired Companies and related articles will appear in Fortune’s March issue, which will hit newsstands on February 22. The listing is also available online.
A global leader in lightweight metals technology, engineering and manufacturing, Alcoa innovates multi-material solutions that advance our world. Our technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart buildings, sustainable food and beverage packaging, high performance defense vehicles across air, land and sea, deeper oil and gas drilling and more efficient power generation. We pioneered the aluminum industry over 125 years ago, and today, our approximately 60,000 people in 30 countries deliver value-add products made of titanium, nickel and aluminum, and produce best-in-class bauxite, alumina and primary aluminum products. For more information, visit www.alcoa.com, follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.
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,” “expects,” “plans,” “should,” “will,” “would,” or other words of similar meaning. All statements that reflect Alcoa’s expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding Alcoa’s separation transaction; the future performance, competitive position, or growth opportunities of Upstream Company and Value-Add Company; and the expected timing of completion of the separation. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Such risks and uncertainties include, but are not limited to: (a) uncertainties as to the timing of the separation and whether it will be completed; (b) the impact of the separation on the businesses of Alcoa; (c) Alcoa’s inability to realize expected benefits from the separation or the risk that the separation may be more difficult, time-consuming or costly than expected, which could result in additional demands on Alcoa’s resources, systems, procedures and controls, disruption of its ongoing business and diversion of management’s attention from other business concerns; (d) the potential failure to retain key employees while the separation transaction is pending or after it is completed; (e) deterioration in global economic and financial market conditions generally; (f) unfavorable changes in the markets served by Alcoa; and (g) the other risk factors discussed in Alcoa’s Form 10-K for the year ended December 31, 2014, and other reports filed with the U.S. Securities and Exchange Commission. Alcoa 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.
Matt Garth, 212-836-2714
Monica Orbe, 212-836-2632