Alcoa Maintains Quarterly Capex Despite Drop in Profits
SUGAR LAND--April 13, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Alcoa Inc.'s (NYSE:AA) (New York City, New York) capital expenditures for the just-ended first quarter 2016 were roughly flat with those of the same period a year earlier, despite an 85% drop in profits over that time frame, the aluminum producer reported. Industrial Info is tracking 47 active Alcoa projects worth $5.72 billion. Within this article: Describes curtailment of operations at the Point Comfort, Texas alumina refinery.
