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Aluminum Company of America Changes Name to Alcoa; New Identity Reflects Global Scope.


PITTSBURGH--(BUSINESS WIRE)--Dec. 18, 1998--Alcoa (NYSE NYSE

See: New York Stock Exchange
:AA) announced today that its board of directors has approved a change of the corporate name from Aluminum Company of America to Alcoa Inc. effective January 1, 1999. The company's stock symbol remains AA.

"The new identity reflects the global scope of Alcoa. We operate at 250 locations in 30 countries around the world and more than half of our employees are based outside of the U.S.," said Alcoa Chairman Paul O'Neill Paul O'Neill may refer to:
  • Paul O'Neill (baseball player), a former Major League Baseball player and current broadcaster
  • Paul O'Neill (cabinet member), United States businessman and government official
. "The name 'Alcoa' has been used around the world since 1929 to identify the company's products, services, literature and advertising. We are now making it our official name, too."

Founded in 1888, Alcoa is the world's leading producer of aluminum and alumina alumina (əl`mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0.  and a major participant in all segments of the industry: mining, refining, smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. , fabricating and recycling. Alcoa serves customers worldwide in the packaging, automotive, aerospace, construction and other markets with a great variety of fabricated fab·ri·cate  
tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates
1. To make; create.

2. To construct by combining or assembling diverse, typically standardized parts:
 and finished products.
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Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Dec 18, 1998
Words:160
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