Brief introduction of Alcoa

Alcoa, or Alcoa for short, is the third largest aluminum producer after Lituo Group and Rusal. Headquartered in Pittsburgh, it monitors business in 44 countries. Followed by Alcan, the former subsidiary of Alcan. According to the sales results, Alcan surpassed Alcoa.

On May 7, 2007, Alcoa launched a hostile takeover of Alcan with a total value of $27 billion, aiming to merge into the world's largest aluminum producer.

When Rio Tinto made a goodwill offer to Alcan on July 12, 2007, Alcoa cancelled the plan.

ALCOA, founded in 1888, is recognized as the largest aluminum company in the world, with more than 400 operating institutions in 36 countries and regions, and the total number of employees worldwide reaches127,000. In 2002, Alcoa's annual sales revenue exceeded $20 billion, ranking 88th among 100 American enterprises selected by Fortune magazine. In the global top 500 enterprises, ranked 205th. Alcoa's headquarters and main R&D center are located in Pittsburgh, Pennsylvania, USA. Alcoa produces and sells all kinds of aluminum primary products, semi-finished products and aluminum products with aluminum as raw material. Alcoa set up a permanent representative office in Beijing, China in September 1993, and successively set up five joint ventures or wholly-owned enterprises in China, mainly producing aluminum foil products, with the production capacity accounting for about 25-30% of the aluminum foil product market in China. Alcoa is already the largest importer and trading partner of aluminum products in China; It is also the largest foreign investor in China Aluminum.