Fasteners A Domestic Bright Spot For Alcoa
September 18
00:00
2013
FEATURE
“Burdened by the high costs of producing metal and a global aluminum glut, Alcoa has been gradually reducing the making of raw aluminum in the U.S., including its namesake town. America’s share of Alcoa’s smelting capacity has declined to 30.5% from nearly 43% a decade ago,” the Wall Street Journal reports.
“While Alcoa is making less aluminum in the U.S., it is making far more high-strength lightweight aluminum products for cars and planes,” according to the Journal.
Among those products are fasteners, with income from Alcoa Fastening Systems rising in 2012.
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