Alcoa Issues Statement on Change to Dow Jones Industrial Average

  Alcoa Issues Statement on Change to Dow Jones Industrial Average

Business Wire

NEW YORK -- September 10, 2013

The composition of the Dow Jones Industrial Average has no impact on Alcoa’s
ability to successfully execute our strategy, and we remain focused on
delivering shareholder value. We continue to grow our value-add businesses and
capture growth opportunities in end markets like aerospace and automotive. At
the same time we are optimizing our upstream competitiveness. We are focused
on the things we can control, pressing our innovation edge and strong position
in end markets, while lowering our cost position in our commodity business.

About Alcoa
Alcoa (NYSE:AA)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 and follow Alcoa on Facebook at
www.facebook.com/Alcoa.

Forward-Looking Statements
This release contains statements that relate to future events and expectations
and as such constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include those containing such words as “anticipates,” “estimates,” “expects,”
“forecasts,” “intends,” “outlook,” “plans,” “projects,” “should,” “targets,”
“will,” or other words of similar meaning. All statements that reflect Alcoa’s
expectations, assumptions or projections about the future other than
statements of historical fact are forward-looking statements, including,
without limitation, forecasts concerning global demand growth for aluminum,
end market conditions, supply/demand balances, and growth opportunities for
aluminum in automotive, aerospace, and other applications, trend projections,
targeted financial results or operating performance, and statements about
Alcoa’s strategies, outlook, and business and financial prospects.
Forward-looking statements are subject to a number of known and unknown risks,
uncertainties, and other factors and are not guarantees of future performance.
Important factors that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements include: (a)
material adverse changes in aluminum industry conditions, including global
supply and demand conditions and fluctuations in London Metal Exchange-based
prices for primary aluminum, alumina, and other products, and fluctuations in
indexed-based and spot prices for alumina; (b) deterioration in global
economic and financial market conditions generally; (c) unfavorable changes in
the markets served by Alcoa, including aerospace, automotive, commercial
transportation, building and construction, distribution, packaging, defense,
and industrial gas turbine; (d) the impact of changes in foreign currency
exchange rates on costs and results, particularly the Australian dollar,
Brazilian real, Canadian dollar, euro, and Norwegian kroner; (e) increases in
energy costs, including electricity, natural gas, and fuel oil, or the
unavailability or interruption of energy supplies; (f) increases in the costs
of other raw materials, including calcined petroleum coke, caustic soda, and
liquid pitch; (g) Alcoa’s inability to achieve the level of revenue growth,
cash generation, cost savings, improvement in profitability and margins,
fiscal discipline, or strengthening of competitiveness and operations
(including moving its alumina refining and aluminum smelting businesses down
on the industry cost curves and increasing revenues in its Global Rolled
Products and Engineered Products and Solutions segments) anticipated from its
restructuring programs, productivity improvement, cash sustainability, and
other initiatives; (h) Alcoa’s inability to realize expected benefits, in each
case as planned and by targeted completion dates, from sales of non-core
assets, or from newly constructed, expanded, or acquired facilities, such as
the upstream operations in Brazil and investments in hydropower projects in
Brazil, or from international joint ventures, including the joint venture in
Saudi Arabia; (i) political, economic, and regulatory risks in the countries
in which Alcoa operates or sells products, including unfavorable changes in
laws and governmental policies, civil unrest, or other events beyond Alcoa’s
control; (j) failure to maintain investment grade credit ratings which could
limit Alcoa’s ability to obtain future financing, increase its borrowing
costs, adversely affect the market price of its existing securities, or
otherwise impair its business, financial condition and results of operations;
(k) the outcome of contingencies, including legal proceedings, government
investigations, and environmental remediation; (l) the business or financial
condition of key customers, suppliers, and business partners; (m) adverse
changes in tax rates or benefits; (n) adverse changes in discount rates or
investment returns on pension assets; (o) the impact of cyber attacks and
potential information technology or data security breaches; and (p) the other
risk factors summarized in Alcoa’s Form 10-K for the year ended December 31,
2012, and other reports filed with the Securities and Exchange Commission.
Alcoa disclaims any obligation to update publicly any forward-looking
statements, whether in response to new information, future events or
otherwise, except as required by applicable law.

Contact:

Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contact
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com
 
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