Alcoa and Tri-Arrows join the Aluminum Transportation Group
The Aluminum Association’s Aluminum Transportation Group (ATG) announced today the addition of two new member companies Alcoa Corporation and Tri-Arrows. These additions bring total membership in the ATG to 11 companies. Both companies are leaders in producing aluminum alloys for automotive applications.
“The addition of Alcoa and Tri-Arrows reflects the impact of the growing automotive market and demonstrates the industry’s continued commitment to its customers in the automotive space,” said Heidi Brock, president and CEO of the Aluminum Association. “These new members come at an exciting time for automotive aluminum as we enter a time of unprecedented growth. By 2028, forecasts project total aluminum content will reach 565 pounds per vehicle. As automotive aluminum’s market share rises, so too does its impact on the nation’s manufacturing base and the U.S. economy.”
Alcoa’s roots date back to the discovery of aluminum about 130 years ago. Today, it is a global leader in bauxite, alumina and aluminum products, including patented foundry alloys that are utilized for specific automotive applications. With more than 14,000 employees at manufacturing locations across the globe, Alcoa supplies the transportation industry with a variety of other cast primary products, including rolling ingot and billet.
Headquartered in Louisville, Kentucky, Tri-Arrows produces rolled aluminum sheet products at its jointly-owned rolling mill, Logan Aluminum. With capabilities and experience in ingot casting, hot rolling, cold rolling and finishing operations, the company recently announced an investment of $290 million to expand manufacturing capabilities for the emerging North American automotive aluminum sheet market and to increase overall plant capacity, including a new aluminum recycling/ingot casting facility.
Working with its member companies, the ATG will continue to promote research and programs that highlight the benefits of aluminum use in automotive transportation, which include efficiency, safety, durability, performance and sustainability. According to a recent survey of automakers, Ducker Worldwide reaffirms the continued growth trajectory of automotive aluminum as automakers continue transitioning to a multi-material vehicle (MMV) design approach, choosing lightweight aluminum for closures, body-in-white components and crash managements parts over conventional materials.
Source: globenewswire.com
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