Alain Belda
Alain Belda
Alain J. P. Beldais an American businessman that has been a Managing Director of Warburg Pincus since 2009. Previously he was the Chairman of the Board of Alcoa from January 2001; he was Chief Executive Officer from January 2001 until May 2008...
benefit consumer continued current expects forward fourth move packaging program recent strength
As we move forward to the fourth quarter, Alcoa expects to benefit from the current strength in aluminum prices, the continued integration of our recent acquisitions, the cost-reduction program and the seasonal strength of our packaging and consumer business,
benefit building consumer continue cost energy expect fourth higher looking markets packaging recent reduction relief softness strength
Looking to the fourth quarter, we expect to continue to benefit from recent acquisitions, our cost reduction program, and the seasonal strength of our packaging and consumer business, ... However, we also expect the softness to continue in the construction, transportation, building and distribution markets and see no relief from the higher energy prices.
business commitment confident continued enable focus grow growth primary profitable resume satisfied savings system
We are not satisfied with these results, ... We are confident that the restructuring of our primary and fabricating businesses, coupled with our continued focus on implementing the Alcoa business system and our commitment to grow the company, will enable us to resume sustainable savings and profitable growth in 2002 and beyond.
continue current economic half improving second trends
If economic trends solidify, we should continue to see improving profitability over the second half of the year, even at current aluminum prices,
became below continued decline earnings fall likely markets third
However, as these markets continued to decline in the third quarter, it became likely that even with our efforts, third-quarter earnings will probably fall below the 2000 second-quarter level.
best job offer protection
That is the best long-term job protection we can offer all of our employees.
effects great last quarter throughout year
It was a great quarter by any measure. We did not have significant one-time effects as we did throughout the year last year.
expanding globally increases investment products venture
This venture deepens our investment in expanding our flat-rolled products capabilities globally and increases our manufacturing flexibility and productivity.
cost efficiency fighting helped increases last strengthen
While we are still fighting inflationary pressures, cost increases have slowed from last year, and our restructuring and efficiency initiatives have helped strengthen profitability.
actions bottom enhanced global impact issues labor north pleased short term
While we are not pleased with the short term impact the labor issues have had on our bottom line, our actions are aimed at enhanced global competitiveness of our North American operations,
earnings eighth improved percent quarter second
Earnings were up 6 percent from the first quarter, making the second quarter of 2000 Alcoa's eighth consecutive quarter of improved earnings,
capture demand last strategic
As demand for aluminum strengthens, we will capture the efficiencies generated by last year's strategic restructuring of our operations,
achieved cost despite energy favorable higher last metal offset prices results savings solid undertaken
Despite significantly higher energy prices which offset more favorable metal prices, we achieved solid cost savings results from the restructuring undertaken over the last two years...,
achieved despite energy execution higher increasing performance rapid record result softness
Despite increasing softness in the construction, transportation, building, and distribution markets, as well as significantly higher energy prices, Alcoa achieved record performance as a result of rapid integration of new acquisitions and execution of its cost-cutting initiative,