Splitsville for Alcoa: Executives Still Mum on Capex for New Companies

SUGAR LAND--July 5, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Executives with Alcoa Incorporated (NYSE:AA) (New York, New York) last week unveiled more financial details of the planned split into an upstream mining and metals firm and a downstream value-added products provider, but anybody wanting to know much money the two companies will pour into capital expenditures (capex) will just have to wait a while. Touting the filing of a 309-page registration statement as a milestone in the separation process, executives with the lightweight metals leader said they weren't quite ready to share future capex projections. They added that spending expectations for 2017 and 2018 would be made available later this year. Within this article: Description of Alcoa's Warrick operation in Indiana.