Alcoa Fastening Systems Enters Strategic Partnership with COMAC

  Alcoa Fastening Systems Enters Strategic Partnership with COMAC

Business Wire

NEW YORK & TORRANCE, Calif. -- January 28, 2013

Alcoa Fastening Systems (AFS), a unit of Alcoa (NYSE: AA), today announced it
has signed a strategic technology and commercial cooperation agreement with
Commercial Aircraft of China, Ltd (COMAC). This agreement deepens Alcoa’s
existing partnership with COMAC, the main manufacturer of large passenger
aircraft programs in China, and reinforces Alcoa’s presence in one of the
world’s fastest growing aerospace markets.

“This agreement establishes Alcoa Fastening Systems as a key partner with
COMAC in the development and production of its commercial C919 aircraft,” said
AFS President Vitaliy Rusakov. “Since 2005, with the inception of our
manufacturing operations in Suzhou and our distribution facility in
Waigaoqiao, we have anticipated and supported the needs of the growing Chinese
aerospace market. We value our relationship and look forward to developing our
long-term partnership with COMAC.”

AFS will provide COMAC with technical assistance in fastener and assembly
tooling selection, joint design consideration and quality system management.
The technical assistance will include engineering, design and training. In
return, COMAC will purchase a significant percentage of its fasteners from AFS
for the initial production of the C919 aircraft.

Alcoa established a technology cooperation agreement with COMAC in 2009
examining advanced aluminum structural concepts, designs and alloys for the
C919 aircraft.

Alcoa Fastening Systems is a leading worldwide designer and manufacturer of
fastening systems including specialty fasteners, fluid fittings, assembly
components, and installation systems for aerospace and industrial
applications. Headquartered in Torrance, California, the company has over
6,800 employees at 32 manufacturing and distribution/logistics locations in 11
countries.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated aluminum, as
well as the world’s largest miner of bauxite and refiner of alumina. In
addition to inventing the modern-day aluminum industry, Alcoa innovation has
been behind major milestones in the aerospace, automotive, packaging, building
and construction, commercial transportation, consumer electronics and
industrial markets over the past 125 years. Among the solutions Alcoa markets
are flat-rolled products, hard alloy extrusions, and forgings, as well as
Alcoa® wheels, fastening systems, precision and investment castings, and
building systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral part of
Alcoa’s operating practices and the product design and engineering it provides
to customers. Alcoa has been a member of the Dow Jones Sustainability Index
for 11 consecutive years and approximately 75 percent of all of the aluminum
ever produced since 1888 is still in active use today. Alcoa employs
approximately 61,000 people in 30 countries across the world. For more
information, visit www.alcoa.com and follow @Alcoa on Twitter at
twitter.com/Alcoa.

Contact:

Investor Contact:
Alcoa
Kelly Pasterick, 212-836-2674
or
Media Contacts:
Alcoa
Monica Orbe, 212-836-2632
or
Alcoa Fastening Systems
Anne Brown, 714-449-4374
 
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