by • July 5, 2016 • No Comments
NEW YORK & PITTSBURGH–(BUSINESS WIRE)–
Lightweight metals leader Alcoa (AA) has opened its state-of-the-art, 3D printing metal powder production facility. Located at the Alcoa Technology Center, the world’s biggest light metals research center, the Company can create proprietary titanium, nickel and aluminum powders optimized for 3D printed aerospace parts. Alcoa in addition has invested in a range of technologies to additional create additive systemes, product create and qualification.
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“Alcoa is forging a leadership path in additive making with a sharp focus on the significant input material—metal powders,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “We are combining our expertise in metallurgy, making, create and product qualification to hustle beyond the possibilities of at the present time’s 3D printing technologies for aerospace and other growth markets.”
Metal powders utilized for 3D printing durable, high-quality aerospace parts are on the market in limited quantities. Through this expansion, revealed in September 2015, Alcoa can create materials with the specific properties needed to 3D print high-performance components. Alcoa has deep expertise in metal alloy createment having conceived many of the aluminum alloys utilized in aerospace at the present time. In addition, it has a 100-year history in aluminum metal powder production, primarily for rocket fuel, paint and other products.
The facility can form part of Arconic next separation of Alcoa’s traditional commodity business in the 2nd half of 2016. The plant is part of a $60 million investment in high end 3D printing materials and systemes which builds on the Company’s 3D printing capabilities in California, Georgia, Michigan, Pennsylvania and Texas. In addition to making powders, Alcoa is focutilized on advancing a range of additive techniques, which include its not long ago announced Ampliforge™ system, a hybrid technique which combines additive and traditional making. Utilizing the Ampliforge™ system, Alcoa creates and 3D prints a near conclude part, and so treats it via a traditional making system, such as forging. The system enhances the properties of 3D printed parts, increasing toughness and durablity versus parts created solely by additive making, and significantly reduces material input. Alcoa is piloting the technique in Pittsburgh and Cleveland.
Alcoa has manufactured 3D printed products for the past 20 years and owns and operates one of the world’s biggest HIP (Hot Isostatic Pressing) complexes in aerospace. HIP innovation strengand sos the metallic structures of traditional and additive manufactured parts created of titanium and nickel based super-alloys. Through the RTI acquisition, Alcoa gained 3D printing capabilities in titanium and other specialty metals for the aerospace market and other growth industries.
Demonstrating its leadership in additive making, Airbus not long ago selected Alcoa to donate 3D printed titanium fuselage and engine pylon parts for commercial aircraft. Alcoa expects to donate the initially additive manufactured parts under the agreement later this year.
Alcoa’s aerospace businesses can be a key component of Arconic next Alcoa’s separation. Arconic can be a premier innovator of high performance multi-material products and solutions in handsome growth markets, which include aerospace. The separation remains subject to the satisfaction of sure conditions, which include obtaining final approval of the Alcoa Board of Directors, receipt of a affirmatory IRS ruling and opinions of Alcoa’s tax advisors regarding sure U.S. federal income tax matters and the effectiveness of the Form 10.
A global leader in lightweight metals innovation, engineering and making, Alcoa innovates multi-material solutions which advance our world. Our technologies enhance transportation, of car and commercial transport to air and space travel, and improve industrial and consumer electronics products. We enable smart buildings, sustainable food and beverage packaging, high-performance defense vehicles across air, land and sea, deeper oil and gas drilling and additional efficient power generation. We pioneered the aluminum industry over 125 years ago, and at the present time, our additional than 58,000 individuals in 30 countries donate value-add products created of titanium, nickel and aluminum, and create best-in-class bauxite, alumina and major aluminum products. For additional information, visit www.alcoa.com, follow @Alcoa on Twitter at www.twitter.com/Alcoa and follow us on Facebook at www.facebook.com/Alcoa.
Dissemination of Company Information
Alcoa intends to manufacture next announcements regarding Company createments and financial performance through its website on www.alcoa.com.
This release contains statements which relate to next events and expectations and as such constitute forward-looking statements inside the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “anticipates,” “estimates,” “expects,” “may,” “plans,” “projects,” “should,” “can,” “would,” or other words of much like meaning. All statements which reflect Alcoa’s expectations, assumptions or projections of the next other than statements of historical fact are forward-looking statements, which include, without limitation, statements regarding the separation transaction. Forward-looking statements are not guarantees of next performance and are subject to risks, unsureties, and changes in circumstances which are complex to predict. On the other hand Alcoa believes which the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can donate no assurance which these expectations can be earned
and it is possible which actual results may differ materially of those indicated by these forward-looking statements due to a variety of risks and unsureties. Such risks and unsureties include, but are not limited to: (a) unsureties as to the timing of the separation and whether it can be concluded; (b) the possibility which different types of closing conditions for the separation may not be satisfied; (c) the result of contingencies, which include legal proceedings; (d) unaffirmatory changes in the markets served by Alcoa, which include the aerospace market; and (e) the other risk facts discussed in Alcoa’s Form 10-K for the year ended December 31, 2015, and other reports filed with the U.S. Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, next events or otherwise, except as required by applicable law.
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Matthew Garth, 212-836-2714
Christa Bowers, 212-836-2605
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