Scott County, Iowa

Arconic Publishes Its 2019 Sustainability Report

Retrieved on: 
Thursday, June 11, 2020
Professional services, Other Construction & Property, Manufacturing, Finance, Construction & Property, Other Manufacturing, Steel, Arconic, Scott County, Iowa, Sustainability, Companies

Arconic Corp. (NYSE: ARNC) (Arconic or the Company) announced today that it has published its 2019 Sustainability Report .

Key Points: 
  • Arconic Corp. (NYSE: ARNC) (Arconic or the Company) announced today that it has published its 2019 Sustainability Report .
  • Highlights of the Companys sustainability achievements in 2019 include:
    Decreased greenhouse gas emissions by 9.5 percent compared to 2018.
  • 77 percent of Arconics key suppliers in 2019 had sustainability programs considered leading or active.
  • To download the 2019 Arconic Sustainability Report, visit our Sustainability page on www.arconic.com .

Arrow Electronics Announces William F. Austen as a New Director to Its Board

Retrieved on: 
Friday, May 15, 2020
Software, Technology, Hardware, Other Technology, Companies, Business, Arconic, Scott County, Iowa, Arrow Electronics, Bemis Company, Board of directors, Corporations

Arrow Electronics, Inc. (NYSE:ARW) announced that William F. Austen, retired president, chief executive officer, and director of Bemis Company, Inc., has been elected to the company's board of directors.

Key Points: 
  • Arrow Electronics, Inc. (NYSE:ARW) announced that William F. Austen, retired president, chief executive officer, and director of Bemis Company, Inc., has been elected to the company's board of directors.
  • The election of Mr. Austen leaves the total number of directors on the board at ten.
  • Long, chairman, president, and chief executive officer of Arrow Electronics.
  • Mr. Austen is currently a member of the board of directors of Arconic Corporation and Tennant Company.

Arconic Announces Pricing of Notes Offering

Retrieved on: 
Wednesday, April 29, 2020
Chemicals, Plastics, Automotive Manufacturing, Aerospace, Manufacturing, Other Manufacturing, Steel, Law, Arconic, Scott County, Iowa, Property law, Common law, Lien, Guarantee

Arconic Corp. (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of $700 million aggregate principal amount of 6.00% first lien notes due 2025 (the Notes).

Key Points: 
  • Arconic Corp. (NYSE: ARNC) (Arconic or the Company) announced today the pricing of its offering of $700 million aggregate principal amount of 6.00% first lien notes due 2025 (the Notes).
  • The sale of the Notes is expected to be completed on May 13, 2020, subject to customary closing conditions.
  • The Notes will be fully and unconditionally guaranteed, jointly and severally, by each of the Companys wholly-owned domestic subsidiaries.
  • Any offers of the Notes or related guarantees are being made only by means of a private offering memorandum.

Arconic Corporation Provides Update on COVID-19 Impact and Announces Preliminary First Quarter 2020 Results

Retrieved on: 
Monday, April 27, 2020
Aerospace, Manufacturing, Other Manufacturing, Steel, Chemicals, Plastics, Arconic, Scott County, Iowa, Market liquidity, Forward-looking statement, Companies, Economy of the United States

Arconic Corp. (NYSE: ARNC) (Arconic or the Company) today provided a business update regarding the impact of the COVID-19 pandemic on its business and operations as well as certain preliminary unaudited financial information for the quarter ended March 31, 2020.

Key Points: 
  • Arconic Corp. (NYSE: ARNC) (Arconic or the Company) today provided a business update regarding the impact of the COVID-19 pandemic on its business and operations as well as certain preliminary unaudited financial information for the quarter ended March 31, 2020.
  • Notwithstanding that, we believe that Arconics diverse end markets and geographic composition mitigate the impact on the Company from any singular area of decline.
  • Chief Financial Officer Erick Asmussen added, Our liquidity and financial position remains strong despite the pandemics impact to our business.
  • Arconic Corporation disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new information, future events, or otherwise, except as required by applicable law.

Howmet Aerospace (formerly Arconic Inc.) Reports Preliminary First Quarter 2020 Financial Results

Retrieved on: 
Tuesday, April 14, 2020
Trucking, Defense, Aerospace, Transport, Manufacturing, Other Defense, Contracts, Alcoa, Arconic, Scott County, Iowa, Howmet Castings, New York Stock Exchange, Economy of the United States, Companies, Economy of New York City

On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation (Arconic Corp).

Key Points: 
  • On April 1, 2020, Arconic Inc. completed the separation of its business into two independent, publicly-traded companies: Howmet Aerospace Inc. (the new name for Arconic Inc.) and Arconic Corporation (Arconic Corp).
  • The financial results of Howmet Aerospace prior to April 1, 2020 include the Global Rolled Products business (which became Arconic Corp as of April 1, 2020).
  • Howmet Aerospace (NYSE: HWM) today released preliminary unaudited financial information for its first quarter 2020.
  • Howmet Aerospace will present its preliminary first quarter 2020 financial results on Tuesday, April 14, 2020 at 5:00 PM Eastern Time.

Arconic Announces $200 Million of Actions to Mitigate COVID-19 Impact

Retrieved on: 
Wednesday, April 8, 2020
Aerospace, Manufacturing, Other Manufacturing, Steel, Chemicals, Plastics, Arconic, Scott County, Iowa, New York Stock Exchange, Economy of the United States, Economy of New York City, Companies

Arconic Corporation (NYSE: ARNC) announced today that its Board of Directors approved several measures to further mitigate COVID-19 impacts on the Company.

Key Points: 
  • Arconic Corporation (NYSE: ARNC) announced today that its Board of Directors approved several measures to further mitigate COVID-19 impacts on the Company.
  • The Company is implementing mitigating actions effective immediately that are estimated to reduce operating costs by approximately $150 million on an annualized run-rate basis.
  • These actions as well capital reductions of $50 million will improve the Companys financial profile by approximately $200 million.
  • The Board supports managements plan to swiftly and actively mitigate the impact from COVID-19, said Frederick Fritz Henderson, Chairman of the Board.

Arconic Corporation, Leading Provider of Advanced Aluminum Products, Launches as Standalone Company

Retrieved on: 
Wednesday, April 1, 2020
Natural Resources, Other Manufacturing, Manufacturing, Mining, Minerals, Arconic, Scott County, Iowa, Alcoa, Howmet Castings, Common stock, Financial economics, Companies, Economy

The separation of Arconic Inc. into two standalone companies Arconic Corporation and Howmet Aerospace Inc. (the new name for Arconic Inc.) took effect today through a pro rata distribution by Arconic Inc. of 100 percent of the outstanding shares of the newly-formed Arconic Corporation.

Key Points: 
  • The separation of Arconic Inc. into two standalone companies Arconic Corporation and Howmet Aerospace Inc. (the new name for Arconic Inc.) took effect today through a pro rata distribution by Arconic Inc. of 100 percent of the outstanding shares of the newly-formed Arconic Corporation.
  • Arconic Inc. stockholders received one share of Arconic Corporation common stock for every four shares of Arconic Inc. common stock held as of the March 19, 2020 record date.
  • Arconic Corporation will be led by Chief Executive Officer Tim Myers, who was previously the Executive Vice President and Group President of the business segments that now comprise the new standalone company.
  • Arconic Corporation has been a leader in aluminum products innovation since its predecessor founded the company in 1888, said Mr. Myers.

DGAP-News: US Lighting Group Announces Mike Videmsek Joins Intellitronix Corporation as Director of Operations

Retrieved on: 
Tuesday, March 31, 2020
Arconic, Scott County, Iowa, Alcoa, Companies, Inventory, Business, Economy of the United States

EASTLAKE, OH / ACCESSWIRE / March 31, 2020 / US Lighting Group, Inc. (OTCPINK:USLG), a leading manufacturer of electronics and high-tech robotics, announces its wholly-owned subsidiary, Intellitronix Corporation, appointed Mike Videmsek as Director of Operations.

Key Points: 
  • EASTLAKE, OH / ACCESSWIRE / March 31, 2020 / US Lighting Group, Inc. (OTCPINK:USLG), a leading manufacturer of electronics and high-tech robotics, announces its wholly-owned subsidiary, Intellitronix Corporation, appointed Mike Videmsek as Director of Operations.
  • Mike has a wealth of knowledge and experience in engineering and manufacturing operations having worked as Managing Director at Arconic, formerly, Alcoa," said Paul Spivak, CEO of the US Lighting Group.
  • "Mike will be responsible for the entire Intellitronix manufacturing operations including inventory, staffing, and budgets along with formulating an overall operations strategy with the objective of growing profits."
  • Mike Videmsek has achieved career successes in high-tech industries, including commercial vehicle, automotive and aerospace.

The Global Iron Castings Market is expected to grow by USD 40.28 mn MT during 2020-2024, progressing at a CAGR of 6% during the forecast period

Retrieved on: 
Monday, March 30, 2020
Arconic, Scott County, Iowa

This study identifies modernization of foundry industry as the prime reasons driving the global iron castings market growth during the next few years.

Key Points: 
  • This study identifies modernization of foundry industry as the prime reasons driving the global iron castings market growth during the next few years.
  • We provide a detailed analysis of around 25 vendors operating in the global iron castings market , including some of the vendors such as American Axle & Manufacturing Inc., Arconic Inc., Brakes India Pvt.
  • The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Arconic Inc. Announces Commencement of When Issued Trading of Arconic Rolled Products Corporation Common Stock

Retrieved on: 
Wednesday, March 18, 2020
Professional services, Engineering, Chemicals, Plastics, Manufacturing, Finance, Other Manufacturing, Steel, Financial markets, Corporate finance, Equity securities, Financial economics, Companies, Arconic, Scott County, Iowa, Corporate law, Common stock, Stock, Corporation

At the time of separation, Arconic Inc. stockholders are expected to receive one share of Arconic Corporation common stock for every four shares of Arconic Inc. common stock held as of the record date.

Key Points: 
  • At the time of separation, Arconic Inc. stockholders are expected to receive one share of Arconic Corporation common stock for every four shares of Arconic Inc. common stock held as of the record date.
  • Regular-way trading in Arconic Corporations common stock is expected to begin on April 1, 2020.
  • Arconic Inc. expects to make available an information statement to all stockholders entitled to receive the distribution of shares of Arconic Corporation common stock on or about March 19, 2020.
  • The information statement is filed as an exhibit to Arconic Rolled Products Corporations Registration Statement on Form 10, and describes Arconic Corporation and certain risks of owning Arconic Corporation common stock and provides other information regarding the separation and distribution.