#S-ARNC

Acronic Inc.

Acronic Inc. – new name (since October 2016) of Alcoa Inc. (Alcoa), which appeared after the former company split into two. Former Alcoa Inc., incorporated in 1888, was engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling. Alcoa’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics etc. Acronic Inc. is engaged in production of goods for aerospace and automobile sectors. Another part of former company – Alcoa Corp. – united mining and smelting businesses of former Alcoa.

Source: Stocks

Provided by IFC Markets

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