NEW YORK – A company known for its truck wheels, among other lighter weight metal products, plans to separate into two independent, publicly traded companies.
The move by Alcoa Inc. will result in a yet to be named company, what it currently calls “the value-add company,” that will include its transportation, rolled, engineered and construction products. The other will keep the Alcoa name and will include its bauxite-mining, alumina-refining and aluminum-production businesses.
The transaction, expected to be completed in the second half of 2016, has been unanimously approved by the Alcoa board of directors.
According to the Wall Street Journal, the move comes in the wake of depressed aluminum prices as China has flooded the market with lower metals prices, and the company seeing its stock price fall 43% this year.
LOUISVILLE, KY – The aluminum wheel company Alcoa Wheels told reporters at the Mid America Truck Show (MATS) that if a trucker wanted, he could save 2,500 lbs on a single truck by switching to existing aluminum components.
Custom-styled aluminum wheels are new from Hayes Lemmerz
Polished aluminum wheels look great, but cost three times as much as steel wheels. On the flipside, they’ll save you weight and some say they ride better.
BOLTON, ON. – McCarron’s MSM is being bought by Mississauga-based Wheels-Group.
New Alcoa Wheel Data Guide
When it comes to mechanical integrity, satisfying the law just doesn’t cut it. From the June 2006 issue.
Most truckers don’t agonize over this decision, but if you’re pinching pennies…
Dana offers an upgraded version of its Outrunner wheel seals, promising longer life.
Most wheel failures can be blamed on fastener-torquing problems, but they probably started with plain old dirt.