Alcoa Recognized By Ferrari With President's Award; Announces Sponsorship of Global Design Competition For Future Ferraris and 612 Scaglietti Tour of China.PITTSBURGH -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today that it has received the Podio Ferrari 2005 "President's Award The President's Award may mean:
Alcoa supplied the first-generation aluminum spaceframe for the Ferrari 360 Modena, and currently makes the aluminum spaceframes for the Ferrari 612 Scaglietti The Ferrari 612 Scaglietti (skal-yeti) is a Gran Turismo car produced by Ferrari since 2004. It is a large two door fastback coupe with a 2+2 seating arrangement. The 612 Scaglietti was designed to replace the smaller Ferrari 456M. and F430. The award was presented by Ferrari Chairman Luca Cordero di Montezemolo to Alcoa Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Alain Belda in Maranello, Italy. "The partnership between Ferrari and Alcoa has been a case study in technology, innovation and a shared passion for performance - from the laboratory to the production line to the road," Belda said. "Both companies have pulled on each other, pushed the other to new levels of achievement. The proof is in the success and performance of the 360 Modena, 612 Scaglietti and F430." 15,000 Red Miles Tour of China As a testament of the ruggedness and performance of the 612 Scaglietti, Alcoa is a key sponsor of Ferrari's 15,000 Red Miles Tour of China. Two 612 Scagliettis leave Shanghai on Aug. 29, 2005 and travel a 15,000-mile route that will include passing the Great Wall, the Gobi Desert Gobi Desert Desert, Central Asia. One of the great desert and semidesert regions of the world, the Gobi stretches across Central Asia over large areas of Mongolia and China. and the ancient city of Kashi, site of Marco Polo's famous silk market. During the 45-day tour, the sports cars will travel through vastly different terrains that include the desert as well as the tropics tropics, also called tropical zone or torrid zone, all the land and water of the earth situated between the Tropic of Cancer at lat. 23 1-2°N and the Tropic of Capricorn at lat. 23 1-2°S. . No other automotive manufacturer has ever undertaken such a daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin task. "We are excited to partner with Ferrari to showcase the durability and strength of the 612's aluminum spaceframe," said Misha Riveros-Jacobson, president, Alcoa Advanced Transportation Systems. "This challenge enables Alcoa to showcase the capabilities we can bring to our customers." Ferrari: New Concepts for the Myth Alcoa will also partner with Ferrari and Pininfarina in the global design competition, "Ferrari: New Concepts for the Myth," featuring designs for future Ferrari cars from students at four leading design schools in Italy, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , England and Japan. "The design competition will challenge what will certainly be the auto industry's next generation of designers to think creatively about the future application of automotive aluminum," Belda said. Keys to the Partnership Four key elements that have been important to the success of the Ferrari/Alcoa partnership include: --Ferrari's willingness to involve Alcoa early in the vehicle spaceframe development process; --Alcoa's ability to achieve a balance between the strengths of several aluminum product forms as well as develop complex manufacturing technologies; --both companies' openness to candid, two-way communication Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
--a shared passion for performance and innovation. "The world knows that the Ferrari brand stands for passion, technology and performance," Belda said, when accepting the President's Award. "I hope that Alcoa's selection for this presidential citation demonstrates that when performance counts, Ferrari counts on Alcoa." About Alcoa Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, 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. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. , closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 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 Sustainability Indexes since 2001. More information can be found at www.alcoa.com |
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