Published 10-27-03
Submitted by Alcoa Inc.
Alcoa has played a key role in developing strong community relations since it first entered Hungary in 1993 when it acquired the state-owned Light Metal Work of Szekesfehervár, now known as Alcoa-Köfém Kft. Since then, the Alcoa Foundation has approved an aggregate amount of $2.7 million for the Hungarian non-profit sector. This amount supported some 200 projects selected jointly by Alcoa's management team and local communities in Hungary. One that enjoyed particular attention was the rehabilitation of a recreation area, called "Salt Lake Park," in Szekesfehervár.
Alcoa-Köfém produces extrusions and rolling ingots, flat rolled products, automotive structures, truck bodies, plastic closures, wire harnesses, and wheels for trucks, trailers and buses. It serves customers in the aluminum ingot, packaging and consumer goods, automotive and industrial markets. Alcoa has more than 5,000 employees in Hungary at five plants.
Alcoa Inc. is the world's leading producer of primary aluminum, fabricated aluminum, and alumina. It has 127,000 employees in 40 countries.
Alcoa (NYSE:AA) is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com
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