Alcoa Mill Products Opens Aerospace Service Center in China.Business Editors CHICAGO--(BUSINESS WIRE)--June 7, 2004 Alcoa (NYSE NYSE See: New York Stock Exchange :AA) today announced that its Alcoa Mill Products business has opened the Alcoa Aerospace Center (AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. ) Shanghai, which will supply aerospace material with value-added services to aerospace customers in China and the Asia Pacific region. AAC Shanghai expands on the series of service centers Alcoa has established in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to support Alcoa's aerospace customers. It will be capable of providing just-in-time deliveries, exact quantities and value-added services such as cut-to-size, kitting, and other processing services requested by customers. AAC Shanghai will be housed in the 40,000 sq. ft. (3,716 sq. meters) Alcoa Warehouse Services Shanghai Limited facility located in the Wai Gao Qiao Free Trade Zone area near Shanghai, China. Alcoa is the world's leading producer of primary aluminum, fabricated aluminum and alumina, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. The company has 120,000 employees in 41 countries and has been a member of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. for 45 years and the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Sustainability Indexes since 2001. |
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