- Metals Giant Arconic on Track to Split in the Second Quarter of 2020
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This copy is for your personal, non-commercial use only. Arconic has filed documents with the U. Securities and Exchange Commission, that could mean the lightweight metals manufacturer will split in two by the second quarter of In a subsidiary of Arconic supplied panels used in the cladding of a tower block in London where 70 people died in a fire. Arconic was formed in through the break-up of Alcoa. It is a significant supplier of lightweight components for aerospace and automotive markets. Its businesses will concentrate on serving ground transportation, aerospace, construction, and packaging markets. The engineering segment, which makes components such as forgings for jet engines, will be renamed Howmet Aerospace. It will focus on structural parts for airplanes and defense, as well as forged aluminum wheels for commercial transportation. Looking Ahead. Arconic increased its adjusted earnings per share full-year forecast three times in The group is determined to benefit from a strong demand in the automotive, aerospace and commercial transportation markets. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. We've detected you are on Internet Explorer. For the best Barrons. Google Firefox. Text size. Thank you This article has been sent to. Privacy Notice. Cookie Notice. Copyright Policy. Data Policy. Your Ad Choices. All Rights Reserved. All Rights Reserved This copy is for your personal, non-commercial use only.
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