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Howmet Aerospace
Howmet Aerospace Inc. (formerly Arconic Inc.) is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners and titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks. The firm operates 27 facilities in the United States, Canada, Mexico, France, the UK, Hungary and Japan. History Before Alcoa acquisition Howmet's roots go back to 1926 with the founding of Austenal, a company which manufactured materials for dental appliances. Its founders, Reiner Erdle and Charles Prange worked to improve investment chrome base castings using two separate investments: The first coating, named "protective coat", gave a smooth finish, it was smothered with alcohol binder investment to obtain a correct expansion. This technology replaced gold alloy with vitallium and was popular during the Great Depression. During the 1930s, Austenal expanded into aircraft engine superchargers with superio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arconic
Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Arconic's products are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. History On November 1, 2016, Alcoa Inc. spun off its bauxite, alumina, and aluminum operations to a new company called Alcoa Corp. Alcoa Inc. was renamed Arconic Inc., and retained the operations in aluminum rolling (excluding the Warrick operations), aluminum plate, precision castings, and aerospace and industrial fasteners. It focuses on turning aluminum and other lightweight metals into engineered products such as turbine blades for sectors including aerospace and automotive. It trades on the NYSE under the ''ARNC'' ticker. Separation into Howmet Aerospace Inc. and Arconic Corp. On February 8, 2019, Arconic Inc. announced that it would split into two separa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Klaus Kleinfeld
Klaus-Christian Kleinfeld (born 6 November 1957 in Bremen, Germany) is the former chairman and chief executive officer (CEO) of Arconic. Kleinfeld is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG. Kleinfeld stepped down as chairman and CEO of Arconic on 17 April 2017. In October 2017, he was named director of Saudi Arabia's Neom initiative. It was announced in July 2018 that Kleinfeld would be promoted from director of Neom to advisor of Crown Prince Muhammad bin Salman on 1 August 2018, and that Nadhmi Al-Nasr would succeed him as director of Neom. In August 2007, Kleinfeld was appointed COO of New York, NY-based Alcoa Inc. In May 2008, Kleinfeld was appointed CEO of Alcoa, succeeding Alain Belda. In April 2010, Kleinfeld was named chairman of Alcoa and continued to serve as CEO and chairman of the board until his resignation in April 2017. Kleinfeld served as CEO of Munich, Germany-based Siemens AG from January 2005 until July 2007. Kleinfe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proxy Contest
A proxy fight, proxy contest or proxy battle (sometimes even called a proxy war) is an unfriendly contest for the control over an organization. The event usually occurs when a corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e., votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons. Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder's proxy. In a proxy fight, incumbent directors and management have the odds stacked in their favor over those trying to force the corporate change. These incumbents use various corporate governance tactics to stay in power, including: staggering the boards (i.e., having different election years f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elliott Management Corporation
Elliott Investment Management is an American investment management firm. It is also one of the largest activist funds in the world. It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limited. The Elliott Corporation was founded by Paul Singer, who is CEO of the management company, based in New York City. As of the first quarter of 2015, Elliott's portfolio is worth over $8 billion. By 2009 "more than one-third of Elliott’s portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies." In October 2020 Singer announced that his firm was relocating its headquarters to West Palm Beach, Florida. Overview Singer created Elliott Associates in January 1977, starting with $1.3 million from friends and family and choosing the Elliott brand as it is his middle name. In its earliest years, the firm focused on convertible arbitrage. Since the 1987 stock market crash and early ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Turbine
A turbine ( or ) (from the Greek , ''tyrbē'', or Latin ''turbo'', meaning vortex) is a rotary mechanical device that extracts energy from a fluid flow and converts it into useful work. The work produced by a turbine can be used for generating electrical power when combined with a generator.Munson, Bruce Roy, T. H. Okiishi, and Wade W. Huebsch. "Turbomachines." Fundamentals of Fluid Mechanics. 6th ed. Hoboken, NJ: J. Wiley & Sons, 2009. Print. A turbine is a turbomachine with at least one moving part called a rotor assembly, which is a shaft or drum with blades attached. Moving fluid acts on the blades so that they move and impart rotational energy to the rotor. Early turbine examples are windmills and waterwheels. Gas, steam, and water turbines have a casing around the blades that contains and controls the working fluid. Credit for invention of the steam turbine is given both to Anglo-Irish engineer Sir Charles Parsons (1854–1931) for invention of the reaction turbine, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bauxite
Bauxite is a sedimentary rock with a relatively high aluminium content. It is the world's main source of aluminium and gallium. Bauxite consists mostly of the aluminium minerals gibbsite (Al(OH)3), boehmite (γ-AlO(OH)) and diaspore (α-AlO(OH)), mixed with the two iron oxides goethite (FeO(OH)) and haematite (Fe2O3), the aluminium clay mineral kaolinite (Al2Si2O5(OH)4) and small amounts of anatase (TiO2) and ilmenite (FeTiO3 or FeO.TiO2). Bauxite appears dull in luster and is reddish-brown, white, or tan. In 1821, the French geologist Pierre Berthier discovered bauxite near the village of Les Baux in Provence, southern France. Formation Numerous classification schemes have been proposed for bauxite but, , there was no consensus. Vadász (1951) distinguished lateritic bauxites (silicate bauxites) from karst bauxite ores (carbonate bauxites): * The carbonate bauxites occur predominantly in Europe, Guyana, Suriname, and Jamaica above carbonate rocks (limesto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alcoa
Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation. It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling. In May 2007, Alcoa Inc. made a US$27 billion hostile takeover bid for Alcan in an attempt to form the world's largest aluminum producer. The bid was withdrawn when Alcan announced a friendly takeover by Rio Tinto in July 2007. On November 1, 2016, Alcoa Inc. split into two entities: a new one called Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminum, and the renaming of Alcoa Inc. to Arconic Inc., which processes aluminum and other metals. After relocating its corporate operations to New York City ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index, though by 2020, it had slipped into second place. Founded in 1987 in Washington, D.C., by William E. Conway Jr., Stephen L. Norris, David Rubenstein, Daniel A. D'Aniello and Greg Rosenbaum, the company has nearly 1,850 employees in 26 offices on six continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as an investment banking boutique by five partners with backgrounds in finance and governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thiokol
Thiokol (variously Thiokol Chemical Corporation(/Company), Morton Thiokol Inc., Cordant Technologies Inc., Thiokol Propulsion, AIC Group, ATK Thiokol, ATK Launch Systems Group; finally Orbital ATK before becoming part of Northrop Grumman) was an American corporation concerned initially with rubber and related chemicals, and later with rocket and missile propulsion systems. Its name is a portmanteau of the Greek words for sulfur (θεῖον ''"theion"'') and glue (κόλλα ''"kolla"''), an allusion to the company's initial product, Thiokol polymer. The Thiokol Chemical Company was founded in 1929. Its initial business was a range of synthetic rubber and polymer sealants. Thiokol was a major supplier of liquid polymer sealants during World War II. When scientists at the Jet Propulsion Laboratory discovered that Thiokol's polymers made ideal binders for solid rocket fuels, Thiokol moved into the new field, opening laboratories at Elkton, Maryland, and later production faciliti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
