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Howmet's roots go back to 1926, when
Austenal, a company that manufactured materials for dental appliances, was founded. Its founders, Reiner Erdle and Charles Prange, worked to improve investment chrome base castings using two separate investments: The first coating, named "protective coat", gives a
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Alcoa Inc. was renamed
Arconic Inc., and retained the operations in aluminum rolling (excluding the Warrick operations), aluminum plate, precision castings, and aerospace and industrial fasteners. Its focus became turning aluminum and other lightweight metals into engineered products such as
409:, which placed Howmet into its Alcoa Industrial Components unit. In 2004, Howmet was part of a merger that created Alcoa Investment Casting and Forged Products unit. In 2007, Howmet was renamed Alcoa Howmet as a newly formed Alcoa Power and Propulsion unit division.
444:, citing the company's lackluster stock performance, missed profit forecasts, and inefficient spending. On April 17, 2017, Kleinfeld resigned as chairman and CEO by mutual agreement with the board of Arconic, after sending an unauthorized letter to Elliott.
397:. By late 1997, the ownership structure of Howmet had become Thiokol, with 62% ownership, Carlyle 23%, and the public 15%. In 1998, Thiokol changed its name to Cordant Technologies Inc.; by February 1999, Cordant owned 84.7% of Howmet.
451:, would be set up and spun out. Arconic Corporation will be focused on rolled aluminum products, and Howmet Aerospace will focus on engineered products. The separation was scheduled to become effective on April 1, 2020.
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In 1958, Howe Sound
Company, a metals and mining business, acquired Austenal. In 1959, Howe acquired Michigan Steel Casting Co. (MISCO), which provided the monolithic shell process. This process uses a
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On
February 8, 2019, Arconic announced that it would split into two separate businesses. Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company,
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Howe became Howmet in 1965, marking a transition from a mining company to a manufacturer of precision metal products. Howmet, in turn, was purchased in 1975 by
303:. The company manufactures components for jet engines, fasteners, titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.
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smooth finish. It was smothered with alcohol binder investment to obtain a correct expansion. This technology replaced gold alloy with
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asked for help to improve manufacturing practices for wartime production demands.
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917:"AInside the Activist Battle That Felled Arconic's Klaus Kleinfeld"
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against
Arconic. Elliott publicly called for firing Arconic's CEO,
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1009:"Arconic Inc. Board of Directors Approves Separation of Company"
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627:"Alcoa Inc. Board of Directors Approves Separation of Company"
540:"While you were sleeping: UPDATED Oil report lifts US stocks"
495:. U.S. Securities and Exchange Commission. February 13, 2024
656:"Arconic sells 60 percent stake in Alcoa for $ 890 million"
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890:"Alcoa Processing Unit to Be Named 'Arconic' After Split"
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In 1995, Pechiney sold Howmet to a joint venture between
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During the 1930s, Austenal expanded into aircraft engine
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837:"Alcoa Results Forecast to Drop Ahead of Company Split"
756:"Meet Arconic: Alcoa's Spinoff Aerospace and Auto Firm"
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blades for sectors including aerospace and automotive.
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810:"Alcoa Inc Takes Steps Forward in Plans to Split"
571:"Cramer Remix: A surprising outlook for earnings"
515:"Markets & Product Lines | Howmet Aerospace"
1772:Companies listed on the New York Stock Exchange
966:"Arconic To Split Into Two Separate Companies"
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299:is an American aerospace company based in
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1048:Business data for Howmet Aerospace Inc.:
945:. The Wall Street Journal. April 17, 2017
1782:Aerospace companies of the United States
943:"Arconic CEO Klaus Kleinfeld steps down"
1531:University of Pittsburgh Medical Center
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306:The firm operates 27 facilities in the
729:"New Alcoa company christened Arconic"
1205:(former Alcoa corporate headquarters)
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432:On January 31, 2017, the hedge fund
1753:List of corporations in Pittsburgh
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1550:Companies with split headquarters
1466:Industrial Scientific Corporation
1136:Alcoa World Alumina and Chemicals
463:- Howmet-backed turbine race car.
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1571:Subsidiary company headquarters
1131:Alcoa Tenn Federal Credit Union
863:"Alcoa's Long Division Problem"
1344:Other corporation headquarters
434:Elliott Management Corporation
401:As Alcoa Inc. and Arconic Inc.
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1608:Westinghouse Electric Company
989:Mericle, Julia (2019-08-02).
363:with superior castings when
111:; 136 years ago
1792:The Carlyle Group companies
1619:strong Pittsburgh relations
352:and was popular during the
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1471:Iron City Brewing Company
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735:. Pittsburgh Post-Gazette
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1651:Thermo Fisher Scientific
1381:Armstrong Communications
1255:corporations within the
343:Before Alcoa acquisition
301:Pittsburgh, Pennsylvania
134:Pittsburgh, Pennsylvania
122:Pittsburgh, Pennsylvania
37:Alcoa Inc., Arconic Inc.
1321:Forbes largest private
1161:Reynolds Group Holdings
733:Pittsburgh Post-Gazette
124:, U.S., (as Alcoa Inc.)
1617:Outside companies with
1496:Mine Safety Appliances
1351:Allegheny Technologies
1323:companies headquarters
1297:PNC Financial Services
1210:United States v. Alcoa
1126:Alcoa Power Generating
1282:Dick's Sporting Goods
1257:Pittsburgh metro area
923:. Wall Street Journal
789:. Wall Street Journal
546:. NBR. Archived from
297:Howmet Aerospace Inc.
20:Howmet Aerospace Inc.
1491:Millcraft Industries
569:Stevenson, Abigail.
1631:Dreyfus Corporation
1441:Federated Investors
1396:Bruster's Ice Cream
1312:WESCO International
1177:Charles Martin Hall
921:Wall Street Journal
787:Wall Street Journal
449:Arconic Corporation
272:Number of employees
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1667:Fisher's Big Wheel
1516:Renda Broadcasting
1506:Oxford Development
1015:. February 6, 2020
158:Executive Chairman
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1692:Fisher Scientific
1636:Eaton Corporation
1386:Augustine's Pizza
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1119:Related companies
816:. The Motley Fool
754:Hackett, Robert.
708:. LancasterOnline
538:DIETZ, MARGREET.
395:The Carlyle Group
326:, China, Brazil,
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1578:Allegheny Energy
1446:Fiesta Tableware
1366:Ampco Pittsburgh
1287:Howmet Aerospace
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1191:Related articles
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550:on 23 April 2016
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1598:Respironics
1421:Dollar Bank
1335:Giant Eagle
1292:Kraft Heinz
1203:Lever House
1068:SEC filings
896:. Bloomberg
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633:. Alcoa Inc
604:. Bloomberg
436:launched a
422:Alcoa Corp.
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1766:Categories
1476:Kennametal
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1411:Compunetix
1253:Pittsburgh
1019:2020-03-31
975:2020-03-03
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213:Net income
146:Key people
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1672:BodyMedia
1501:Niche.com
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1058:Google
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577:. CNBC
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