Alcoa Processing Unit to Be Named `Arconic' After Split
- Plans are on track to separate into 2 companies in second half
- Alcoa name will be retained by smelting and refining unit
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Alcoa Inc., the largest U.S. aluminum producer, said the manufacturing business it’s separating from the legacy smelting and refining unit will be called “Arconic.”
Plans are on track to separate into two independent, publicly traded companies in the second half of 2016, according to a statement Tuesday. Alcoa’s so-called downstream segments produce car parts, airplane wings and other high-performance products from the metal. The Alcoa name will be retained by the upstream business, which mines bauxite, refines alumina and smelts aluminum.