Alcoa 2007 Annual Report Download - page 6

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• In Aerospace, the A380 – which
features more Alcoa technologies
than any plane in history – took
its first commercial flight. And the
Boeing 787 Dreamliner features
numerous Alcoa solutions.
Serving our communities – being
a contributor to where we operate –
continued to take on a growing and
important role. In October alone,
during our 2007 Worldwide Month of
Service, more than 15,800 employ-
ees participated in service projects
in 200 communities in 36 countries.
That’s an increase of nearly one-third
from 2006 and makes a wonderful
statement about our commitment to
improving the quality of life in Alcoa
communities around the world.
We also advanced our sustainability
initiatives and further established
Alcoa as a major player in the area
of climate change, joining with other
business leaders from companies
such as Caterpillar, GE, and DuPont
in a climate call to action via the
U.S. Climate Action Partnership
(USCAP). I had the honor of address-
ing the largest-ever meeting of
world leaders on climate change
convened by the Secretary-General
of the United Nations in New York
in September, joined by more than
70 heads of state or government.
I am confident that we are moving
in the right direction. And the
outside world is recognizing our
actions. In 2007, Alcoans were yet
again named a Fortune magazine
Blue-Ribbon company; for the fourth
consecutive year we were named
one of the world’s most sustainable
companies at the World Economic
Forum in Davos; and we again
were named part of the Dow Jones
Sustainability Index.
Decades from now, our children’s
children will look back and
thank us for taking the tough but
vital stances we have.
In doing so we are
doing the right thing…
but also becoming
a partner of choice
for governments and
companies around
the world.
Our leadership in this aspect of sus-
tainable growth is a key element of
our reputation… which, in essence,
is the Alcoa brand.
Looking Ahead
Late in 2007, Klaus Kleinfeld joined
us as our new President and Chief
Operating Officer. Klaus, who joins
us after a successful career at
Siemens, is a world-class executive
with excellent vision and focus.
Klaus knows Alcoa well, having
served as a director since 2003.
Together with our Board, I am confi-
dent that Klaus brings the enthusiasm
and expertise needed to continue
to drive Alcoa forward in the future.
As we enter 2008, market fundamen-
tals remain strong. Aluminum
consumption continues to grow,
especially in BRIC countries. In fact,
we expect aluminum consumption
to grow by more than nine percent in
2008… and it is still on track to
double by the year 2020. The mar-
kets in which we compete globally –
such as aerospace, ground trans-
portation, defense, and consumer
electronics – are well positioned for
continued growth of Alcoa solutions.
In 2008, as in years past, our focus
will be to continue to deliver for
today while also building for the
future… while continuing to live all
of our Values. We will continue to
implement our growth projects
around the world, deliver continuous
improvement, and serve our growing
customer base with solutions that
help them serve their customers.
And we will renew our focus on exe-
cuting our plans in a rigorous and
concerted way.
And as we operate, we will do it
in a sustainable and reliable manner.
Approximately 107,000 Alcoans
look to set new records and focus on
sustainable growth for today
and tomorrow.
Alain J. P. Belda
Alcoa Chairman and CEO
March 5, 2008
2008 Primary Aluminum
Consumption Projected
Growth Rates
2.5%
4.0%
6.1%
8.4%
9.6%
0.8%
8.3%
7.7%
2.1%
14,900
6,750
8,375
5,325
1,300
1,325
525
875
1,100
41,650
World
China
North
A
merica
Europe
A
sia w/o
China
India
Middle
East
L.America
w/o Brazil
Brazil
CIS
Projected
Consumption
(000 MT)
Source: Alcoa analysis
24%