|
|
Article: Alcoa Taking Decisive Action to Address Economic Downturn.
- Article from:
- Mining & Minerals
- Article date:
- January 23, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Alcoa (NYSE:AA) today detailed a series of specific actions to conserve cash, reduce costs and strengthen the CompanyEs competitiveness during the current economic downturn. Building on the CompanyEs commitment from October, these actions address additional production curtailments, cost and procurement efficiencies, portfolio streamlining and reduction of capital expenditures and other liquidity enhancements.
oThese are extraordinary times, requiring speed and decisiveness to address the current economic downturn, and flexibility and foresight to be prepared for future uncertainties in our markets,o said Klaus Kleinfeld, President and CEO of Alcoa Inc. oWe are ...