US aluminium producer Alcoa has named the value-added products half of its company “Arconic” and plans to complete the spin-off by the end of the year. The spin-off, which was announced September, will allow Alcoa to protect its higher-margin value-added group from the commodities-related volatility affecting its primary metals business. The value-added company will be domiciled in the US, and its divisions will include global rolled products, engineered products and solutions, and transportation and construction solutions.
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