Alcoa 1998 Annual Report Download - page 2

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billions of dollars
89898787 8888 9090 9191 9292 9393 9494 9595 9696 9797
9898
8987 88 90 91 92 93 94 95 96 97
98
4.1
13.7
Where we are now is a result of a continuing
accumulation of improvements that we’ve
been working on for a long time
…
building the
wall one brick at a time.
Paul O’Neill, Chairman, Alcoa
World’s leading producer of primary aluminum,
fabricated aluminum, and alumina.
Active in all major segments of the industry:
mining, refining, smelting, fabricating, and recycling.
Providing customers in the packaging, automotive, aerospace,
construction and other markets with a variety of fabricated
and finished products.
Nonaluminum businesses include packaging machinery,
vinyl siding, plastic bottles and closures, and electrical distribution
systems for cars and trucks.
Vital statistics: 24 business units, 103,500 employees, 215 operating
locations in 31 countries, $15.3 billion in revenues
Values.Alcoa’s values begin with integrity, respect for our people,
their safety and health, and for the environment within which
we live and work.We are committed to maintaining our values
wherever we operate around the world, and to striving for
excellence in everything we do.
’’
‘‘
Contents
2Letter to Shareholders
5News/98
25 Financials
26 Trends in Major Markets
56 Worldwide Operations
60 Officers
60 Directors
61 Glossary
62 Business Units
63 Shareholder Information
65 Index
Net Income (excluding special items)
Aluminum Ingot Price (Metals Week)
$1,000$1,000
800800
600600
400400
200200
0
$1.25$1.25
1.001.00
.75.75
.50.50
.25.25
0
88
88 9090 9595 9696 9797 989889898787 9191 9292 9393 9494
$1,000
800
600
400
200
0
$1.25
1.00
.75
.50
.25
0
88 90 95 96 97 988987 91 92 93 94
…Even When Ingot Prices Fall
Value Continues to Climb…
Market Value of Common Stock
Front Cover:
Manuel Plaza
San Ciprián, Spain
Back Cover:
Hua Ya Quan
Shanghai, China
•
•
•
•
•
•
Alcoa at a Glance
millions
ingot price per pound