Arconic


Arconic Corporation is a company specializing in lightweight metals engineering and manufacturing. Arconic's products, are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications.

History

On November 1, 2016, Alcoa Inc. spun off its bauxite, alumina, and aluminum operations to a new company called Alcoa Corp.
Alcoa Inc. was renamed Arconic Inc., and retained the operations in aluminum rolling, aluminum plate, precision castings, and aerospace and industrial fasteners. It focuses on turning aluminum and other lightweight metals into engineered products such as turbine blades for sectors including aerospace and automotive. It trades on the NYSE under the ARNC ticker.

Separation into Howmet Aerospace Inc. and Arconic Corp.

On February 8, 2019, Arconic Inc. announced that it would split into two separate businesses. Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out tax free from Arconic Inc. The new Arconic Corporation will be focused on rolled aluminum products and Howmet Aerospace on engineered products. The separation was completed effective April 1, 2020.