Alcoa Slammed by Weak Prices in Third-Quarter 2015, but Sees Growth on Manufacturing Side
SUGAR LAND--October 12, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Weak aluminum prices were just one factor weighing on aluminum giant Alcoa's (NYSE:AA) (New York, New York) third-quarter 2015 results, which saw a steep revenue decline after the company divested and closed several low-margin businesses. Industrial Info is tracking 49 active Alcoa projects worth $7.2 billion.
Within this article: Details on Alcoa's quarter and projects, including the expansion of a bauxite mine and the construction of an alumina refinery in Kabata, both in Guinea, and the recent expansion of an automotive sheet mill in Tennessee.
