Ceramic Industry News

Alcoa Sets New Cost Savings Challenge

February 11, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
At a recent meeting with analysts and investors, Alcoa Chairman and Chief Executive Officer Alain Belda announced a new company-wide, three-year cost savings challenge, following the successful completion of Alcoa's 2001-2003 cost savings program in which it achieved $1.012 billion in annual savings. Belda also reaffirmed and expanded on the company's goal of striving to join the first quintile of S&P Industrials in return on capital (ROC) performance. The new 2004-2006 cost savings program, which is based on the principles of the Alcoa Business System, calls for a reduction of $1.2 billion in annual expenditures by the end of 2006. Upon completion of this program, the company's third three-year cost savings challenge, Alcoa will have eliminated more than $3.3 billion in costs, while building closer ties to its customers and building for the future.

More information can be found at http://www.alcoa.com .

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px