Alcoa 2015 Annual Report Download - page 12

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2015 was another pivotal year for Alcoa. We continued to grow our midstream
and downstream businesses and further repositioned our upstream portfolio.
That transformation will culminate with management’s plan to separate Alcoa
into two independent, publicly-traded companies: a globally competitive Upstream
Company and an innovation and technology-driven Value-Add Company. The former
will comprise fi ve strong business units that today make up Global Primary Products:
Bauxite, Alumina, Aluminum, Cast Products and Energy. The latter will include
Global Rolled Products, Engineered Products and Solutions, and Transportation and
Construction Solutions. These two leading-edge businesses, each with distinct and
compelling opportunities, are positioned to seize the future.
From Transformation to Separation
08