American company headquartered in Pittsburgh (Pennsylvania), global producer and supplier of aluminum and other fabricated products
Alcoa (
NYSE:
AA) is the world’s third largest producer of
aluminum, behind
Rio Tinto and
Rusal. Alcoa leads the world in
alumina production and capacity. From its operational headquarters in Pittsburgh, Pennsylvania, Alcoa oversees operations in 44 countries. It is followed closely by a former subsidiary,
Alcan, a
Canadian-based company in
Montreal, which was the third-leading producer behind Alcoa, but in terms of sales
Alcan is ahead of Alcoa. Alcoa made a hostile $27 billion bid for Alcan on May 7th, 2007, aiming to reunite the two companies and form the largest aluminum producer in the world. The takeover bid was withdrawn after Alcan announced a friendly takeover by
Rio Tinto on July 12, 2007.
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