SOURCE: Industrial Info Resources

Industrial Info Resources

April 12, 2012 06:20 ET

Alcoa Endures 1Q12 Drop in Prices, Sees Strong Productivity Gains, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 12, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Aluminum maker Alcoa Incorporated (NYSE:AA) (Pittsburgh, Pennsylvania) weathered stormy market conditions in the first quarter of 2012, as steep declines in realized aluminum and alumina prices offset the benefits of improved productivity and volumes, as well as record results in the Flat-Rolled Products and Engineered Products segments. Net income for the quarter was reported to be $94 million, compared with $308 million in first-quarter 2011.

Industrial Info is tracking about $4.2 billion in active Alcoa projects, including the $150 million expansion and modernization of a Brazilian aluminum smelter in Pocos De Caldas, Minas Gerais. For more information, visit Industrial Info's International Metals & Minerals Project Database.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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