Alcoa Furthers Portfolio Transformation With Recent Business Developments

Alcoa has announced steps that will further its ongoing portfolio transformation. The company has announced a $190 million investment at its Davenport, Iowa facility to expand its product offerings in the aerospace and industrial markets. In addition, the company recently announced that it had reached an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek, South Carolina, to Century Aluminum Company for $67.5 million in cash, plus an additional potential earn-...