Alcoa’s downstream portfolio will become two segments, one with a core focus on aerospace, and the other centred on the construction and commercial wheels markets. The realignment supports Alcoa’s transformation strategy to build its value-add portfolio for greater profitability.
With Alcoa’s successful acquisition of RTI International Metals, Inc. (NYSE: RTI), the recent acquisitions of Firth Rixson and TITAL, and other innovation-led organic growth investments, the company continues to deepen its reach into the high-growth aerospace market.
The Engineered Products and Solutions (EPS) segment, led by Group President Olivier Jarrault, has been streamlined to enable a core focus on Alcoa’s position as a premier aerospace partner.
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