Alcoa 2000 Annual Report Download - page 5

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3
ENVIRONMENT
In 2000 we developed a long-term Environmental
Strategic Framework based on principles of sustainable
development. Each of our businesses worldwide has set
its own targets under this Alcoa framework – aggressive
goals on emissions, wastewater, and energy. They will
work to integrate environmental factors into the Alcoa
Production System and plant processes and to involve
suppliers and customers in the waste-reduction effort.
You don’t have problems with emissions and
wastewater if you can eliminate the waste at its origins.
We expect that this program will introduce efficiencies
that could save over $100 million a year when fully
implemented.
PROFITABLE GROWTH
In 2000 we completed two multibillion dollar acquisi-
tions – Reynolds Metals and Cordant Technologies –
and 15 others which, though smaller, provide important
links in our strategies of expanding in key markets and
technologies. We added 34,300 Alcoans to our system.
The real story here is the rapid and highly successful
integration of these new operations as profitable elements
in Alcoa’s ongoing business. This is made possible by
the talent and enthusiasm of the people involved and by
the Alcoa Business System, which gives us a common
language and a framework for synergies in customer
service, cost reduction, productivity, sharing best
practices, and measuring results.
This is disciplined growth. The proof of the pudding can
be seen in our record of 32 acquisitions on four continents
over the past five years, and their swift assimilation and
positive effect on earnings per share. As a result of profitable
growth by acquisition – plus internal growth and vigorous
cost reduction – Alcoa’s balance sheet is strong, and we can
afford to be patient and opportunistic in shaping our future.
VISION, VALUES, AND PERFORMANCE
Alcoa’s management and strategies are based on simple
rules and processes.
The vision of the company and every Alcoan in it is to
be the best in everything we do, individually and collectively.
As a foundation to this effort, we live a set of values in
every country, every operation, every action we take.
Net Income
millions of dollars
0099989796
515
805 853
1,054
1,484
Earnings Per Share
dollars
0099989796
.73
1.15 1.21 1.41
1.80