Led by legendary CEO Paul ONeill, Alcoa launches best-in-class safety effort aimed at zero workplace injuries. 1978) June 6, 1978. It was named to the National Register of Historic Places, one of the rare mid20th century buildings on the list. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. and/or its affiliates. However, when Reynolds Metals developed the world's first aluminum submarine, the Aluminaut, the experimental product participated in a key rescue. McCook alleged that Alcoa interfered with McCook's customer contracts and prospective business advantage in violation of state law, that Alcoa monopolized the . Reynolds developed aluminum siding for the booming postwar housing market. The site received 20,702 total hits, registering orders for or downloads of more than 10,000 brochures, 3,700 wallet cards, 2,700 posters, 47 printer-ready CDs in 11 different languages, and 200 employee videos.Objective 2 - Communicate value and benefits of merger to both internal and external stakeholders.Key messages stressing the mergers benefits were delivered via the Intranet to 125,000 employees within hours. She previously served as Director of Communications, Global Primary Products for Alcoa Inc., where she directed public affairs, media relations, crisis communication, and stakeholder engagement. The introduction of foil revolutionized modern homes. Prior to assuming her current position in February 2023, Molly was Senior Vice President and Controller for Alcoa Corporation, responsible for the Financial Accounting, Financial Planning & Analysis, and Country Controllership teams from November 2019 to February 2023. During its operation, various types of industrial waste were disposed of throughout the Reynolds facility. Tammi is also a member of the Alcoa Executive Team, responsible for setting the strategic direction for the Company. With an unrivaled foundation of operational excellence, weve spent more than a century refining our processes to develop next-generation technologies that shape how we live, build, move and fly. However, decline for beer beverage cans was continuing, and another can-making plant was closed in Fulton, New York. Before the ink . In 1924, U.S. Foil purchased the manufacturer of Eskimo Pies, which were wrapped in foil. The company began a reorganization during the late 1960s, and separate operating divisions were formed, each of which was responsible for its own profit performance. $ + tax You did a masterful job of coordinating this project and have been a major contributor throughout. Reynolds looked into new products and areas of manufacturing to redeploy its assets, seeking businesses that would provide higher profits and faster growth than those of aluminum. Many of the other modernized plants were making cans with smaller, lighter ends which reduces the amount of metal needed for a 12-ounce can by three percent. It will serve as the companys headquarters for more than 40 years. In 2000, the plant was temporarily shut down. Uncover why Reynolds Metals/Alcoa is the best company for you. This business is working in the following industry: Manufacture of minerals and metals. . The consumption of fish or wildlife from contaminated areas is of special concern because of the proximity of the Mohawk Tribal lands (see "Activity and Use Limitations" for current New York state and SRMT consumption advisories). endstream endobj startxref In fact, the company recorded annual sales of $13 million in 1930 and moved its corporate headquarters to New York City. From the beginning of the U.S. space program, Alcoa alloys and propellants help make many space milestones possible, from the first manned flight and the first moon landing to the 1980s Space Shuttle and International Space Station programs. The 1,600-acre former Reynolds Metals Facility is located on the St. Lawrence River, approximately eight miles east of the village of Massena, New York. Alcoa . In 1973 a Reynolds unit pleaded guilty to charges of importing ores from Rhodesia, in violation of U.S. government sanctions against the country at the time. Alcoa conducts operations in 10 countries. Influence 4 Infocom 1 [click on the rating for the method or on the number for the data] The Great Depression did not affect the growth of the newly formed company. By the end of World War II, Reynolds had increased the company's production capacity to more than 450 million pounds. Earlier, he served as Director of Investor Relations, and before this role was Director of Corporate Treasury. Reynolds closed the 1950s with a move to a new, modern corporate headquarters in suburban Richmond, Virginia. In 1928, after buying back the stock he had sold to R.J. Reynolds to start U.S. Foil, R.S. He also purchased strategic raw material for the Latin American smelters and refineries and was responsible for Latin America primary metal sales. This merger led . Today the company is the world's third largest aluminum and packaging company. Prior to merging with Alcoa in 2000, Reynolds Metal stood as the third largest aluminum company in the world, and wielded major brand recognition among consumers for its main foil product, Reynolds Wrap. In 2019, Renato completed the Advanced Management Program 196 at Harvard University. This technology reduces carbon emissions, due to the lower use of disposal area, lower water accumulation and, consequently, lower energy consumption utilized for bauxite residue management. ALCOA CORPORATION (Delaware (US), 10 Mar 2016 - ) Reynolds, Jr. was named the company's new president in 1948. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology . In addition to his business unit counseling roles, Jeff has provided legal counsel in the mergers and acquisitions area for transactions across Alcoas portfolio of businesses. Prior to joining Alcoa, Tammi held various progressive HR roles with Basell Polyolefins and Network Rail. Jeff graduated from Penn State University in 1988, with a degree in Quantitative Business Analysis, and earned a Master of Business Administration Degree from the University of Pittsburgh in 1989. 12/31/1982. 12/31/1982. Reynolds Metals was acquired by Alcoa in June 2000. In addition, Bill previously held key corporate financial positions in Financial Analysis & Planning and as Director of Investor Relations. The choice for the new official name is an easy one: "Alcoa," the well-known and popular short name coined first in 1910 as the name of a company town in Tennessee. Alcoa purchased Reynolds in 2000 and briefly reopened, then announced in February 2002, that . Reynolds Wrap was first made by a Reynolds Metals Company division, Reynolds Packaging, a business created to supply aluminum foil for packaging tobacco. As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. Plagued by cost overruns and delays, by the time the project was finished demand for aluminum had leveled off. History; Headquarters; Consumer products; References; Further reading; External links Bill is a member of the Alcoa Executive Team, which sets strategy for the Company. The company began producing aluminum foil for packaging in 1926. As Assistant General Counsel, Jeff was responsible for the management and integration of the international legal functions of the company in Russia, China, Europe, Australia and Latin America. H->/},lZ+ue1lj8 Gl :!= !pD87;6e,b>#'|'@?H10(}v9$ 0 >/Metadata 98 0 R/Pages 671 0 R/StructTreeRoot 153 0 R/Type/Catalog/ViewerPreferences<>>> endobj 675 0 obj <>/ProcSet[/PDF/Text/ImageB]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 676 0 obj <>stream In 2008, Roy was named to the prestigious Young Global Leaders Program of the World Economic Forum. rardttir, R., "Aluminum production waste mapping - A case study of the Icelandic aluminum industry," 30 ECTS thesis, School of Engineering and Natural Sciences University of Iceland . . He worked as a project manager for a rail transportation equipment company in Pittsburgh before completing his JD, cum laude, from Duquesne University in 1995. Reynolds expanded its holdings worldwide, and in 1953 the company organized Reynolds International, Inc. in an effort to consolidate and further expand foreign operations. In 2016, she returned to Alcoa Inc. in a consulting role to the Finance Department related to the separation transaction. Alcoa's first aerospace alloy, 2017-T4, is a critical material for building the historic USS Shenandoah rigid airship. There was a problem saving your notification. Reynolds Metals pioneered the development of aluminum siding in 1945, and Richard S. Reynolds began predicting a growing demand for additional aluminum during peacetime. In 2000, Reynolds was purchased by Alcoa. Please subscribe to keep reading. In 1928, Reynolds purchased Robertshaw Thermostat, Fulton Sylphon, and part of Beechnut Foil, adding them to U.S. Foil to create Reynolds Metals. I am very grateful for your help.-- Gary Biviano, VP/Lead on the Alcoa/Reynolds Merger Communications Team. Sonya joined Alcoa in 1989 and held roles of increasing responsibility in communications, marketing, and government affairs. Reynolds, nephew of the tabacco giant R. J. Reynolds, in Louisville, Kentucky. World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. The following year, Reynolds ventured outside the United States for the first time by opening a foil production plant in Havana. Active worldwide in all major elements of the industry, Alcoa's operations . At this location, Reynolds metals company employs approximately 166 people. Reynolds Group Holdings is an American packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world. Prior to Vista Metals, Kelly served as Chief Operating Officer of Electronic Recyclers International (ERI), responsible for leading operations, procurement, and logistics and providing strategic direction and tactical oversight to eight operating plants. Molly was Vice President and Controller of the Company from December 2016 through October 2019 and was Director, Global Shared Services Strategy and Solutions from November to December 2016. In this capacity, he has advised on a variety of acquisition, divestiture and greenfield development projects, including the divestiture of the global Alcoa World Chemicals business segment, and the negotiation of development projects with the governments of Iceland, Ghana and Suriname. He was 96 . Metals Since launching the industry, Alcoan innovations have changed how we live. Prior to the separation of Alcoa Inc. into two companies, Molly was Director, Global Shared Services Strategy and Solutions. Other end-uses for Reynolds products are aluminum beverage cans, flexible and foodservice packaging, consumer home food managment, transportation, building, and construction. Renato is a member of the Alcoa Executive Team, which sets strategic direction for the Company. Alumina, the basic ingredient used to produce aluminum, is ELYSIS aluminum is produced and sold at industrial scale for the first time, representing a major milestone in advancing the ELYSIS technology invented by Alcoa. To save weight, the engine block and crankcase of the Wright Brothers' historic "Flyer" are cast from aluminum supplied by The Pittsburgh Reduction Company. Kelly graduated from the University of Virginia, McIntire School of Commerce with a Bachelor of Science degree in commerce, concentration in Finance. Reynolds Group Holdings was a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world.Reynolds Metals was acquired by Alcoa in June 2000. Fata, Reynolds, and a group of Soviet organizations began constructing a $200 million aluminum-foil plant in Siberia in the 1990s. The increased demand for foil was the result of the ever-increasing public appetite for cigarettes, the demand for which was so great that it created constant shortages of foil used for packaging. Pittsburgh, PA 15212-5858 The statistics refers to days lost due to workplace injury or illness. under which this service is provided to you. Reynolds decided to move the company's headquarters south again. Washington State Department of Ecology spokesman Dave Bennett said the U.S. Army Corps of Engineers could OK cleanup permits in the next few months to clear contaminated soil at Northwest Alloys, the former Reynolds Metals site. Molly Beerman is Executive Vice President and Chief Financial Officer. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Former Reynolds Metals site cleanup could begin in 2023; Northwest Alloys razes buildings to plan for development. [9], By 1991, Reynolds Metals employed 30,800 workers at more than 100 operations in 20 countries, including 64 plants in the United States, and had a total production capacity of more than 1 million tons of aluminum and aluminum products. Akwesasne, NY 13655 Alcoa charters a new development organization: Alcoa Foundation. Alcoa purchased the land from Reynolds Metals that year. Alcoa's common stock is listed on the New York Curb Exchange, forerunner of the American Stock Exchange. David P. Reynolds, a metals manufacturing executive who helped bring aluminum foil and aluminum beverage cans into the American kitchen, died on Monday in Richmond, Va. its acquisition of Reynolds [13] When Alcoa purchased Reynolds Metals, it shed some non-metals packaging and printing businesses but preserved the Reynolds consumer brand, as well as the Reynolds Kitchens, which are still across the street from the former Reynolds headquarters building. She also served in financial management positions at Carnegie Mellon University and PNC Bank. He later moved to Brazil as casthouse manager in the So Luis smelter and then as the plant controller. In 1975 the company's assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. Copyright (c) 2022 Company-Histories.com. Alcoa's bold $4.4 billion acquisition of Reynolds Metals, its chief rival for most of the 20 th century, delivered a powerful message to Wall Street and the company's worldwide workforce - the potent combination of Alcoa and Reynolds creates a stronger global competitor that is poised to achieve new levels of growth. The year also saw a milestone for Reynolds Wrap Aluminum Foil, which celebrated its 50th year. FOIL DISTRIBUTING COMPANY (trading name) REYNOLDS ALUMINUM RECYCLING COMPANY (trading name) . Our strategic priorities of Reduce Complexity, Drive Returns and Advance Sustainably have made Alcoa a strong company, allowing us to succeed throughout the commodity cycles and innovate for a sustainable future. Company History: The largest aluminum manufacturer in the world, Alcoa Inc. produces aluminum and alumina for automotive, aerospace, commercial transportation, construction, packaging, and other markets. Alcoa (F/K/A Reynolds Metals) Los Angeles. 1000683 American Standard Manufacturing Co. Chicago. At Alcoa, we believe our legacy is our call to action. In 1976 David P. Reynolds, also known for his involvement in Thoroughbred horse racing, took over as president. NEW YORK (CNNfn) - Alcoa Inc. Thursday won the battle to acquire Reynolds Metals Co. for $5.8 billion in stock and debt, but the war may be far from over. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Jeff joined Alcoa in 1998 as Associate Counsel in the company's Legal Department in Pittsburgh. Gaines said Northwest Alloys is keeping its critical infrastructure around areas like its road sand dock, as well as rail loading and unloading areas and storage silos. Roy joined Alcoa in 2002 as a business analyst for GPP in Knoxville, Tennessee. All rights reserved. Reynolds owned a 56% interest in an alumina refinery in Reynolds Metals constructed and operated an aluminum smelter and cable mill on the Columbia River in Longview, WA from 1941-2001. You can enable targeting cookies on our Cookie Policy page. The Alcoa-Reynolds merger will raise Alcoa's market share to nearly 59 percent of North American CGA production, enhancing Alcoa's ability and incentive to exercise market . Taking his son, Richard S. Reynolds, Jr., with him as assistant to the president, the company settled in Richmond, Virginia. any form or medium without express written consent of NRDAR is Strictly Prohibited. Alcoa has acquired 25 companies. Alcoa expands the Sustana line of products with the introduction of EcoSource, the industrys first low-carbon, smelter-grade alumina brand. Built 65years ago, is a Modernist building designed by the architect Gordon Bunshaft of Skidmore, Owings & Merrill. You can cancel at any time. HW. Controlling Company ALCOA CORPORATION Alternative Names. 8/23/1967. The company also announced that employment would once again be reduced by 12 percent to cut costs. A total of 4 acquisitions came from private equity firms. Jeff is a member of Alcoas Executive Team, which sets strategy for the Company. Annual sales for Reynolds metals company are around USD 1,638,797. One market that did show promise, though, was bridge deck replacement, and in 1996 Reynolds renovated the Corbin suspension bridge in Huntingdon County, Pennsylvania. Kristin Gaines, Western U.S. director of transformation for Alcoa, said she is hopeful cleanup will start in 2023, but . The PR industrys most comprehensive listing of firms from every region and specialty. Reflecting heat and keeping foods cooler and fresher, Alcoa introduces aluminum foil to America. He was the last member of his family to head the company and would retire as chairman. You must click the activation link in order to complete your subscription. 2 * McCook Metals L.L.C. [14], Last edited on 13 February 2023, at 05:05, Reynolds Metals Company International Headquarters, "European Commission OKs Alcoa-Reynolds deal", "Pactiv Evergreen Inc. (Currently Known as Reynolds Group Holdings Limited) Announces Launch of Initial Public Offering", "Wrapping Aluminum at the Reynolds Metals Company", "National Register of Historic Places: Reynolds Metals Company International Headquarters", National Register properties in Henrico County, VA, "How a Downington Printing Plan Failed after 50 Years", "Reynolds shakes off market jitters with year's first big IPO", Opportunity in Crisis: The Reynolds Metals Story, https://www.reynoldsconsumerproducts.com/, Referenceforbusiness.com: History of the Reynolds Metals Company, https://en.wikipedia.org/w/index.php?title=Reynolds_Group_Holdings&oldid=1139065650, This page was last edited on 13 February 2023, at 05:05.
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