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...
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,
affected costs energy environment higher pricing reduced results
A reduced upstream pricing environment and higher energy costs affected out results this quarter.
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.
higher operating prices quarter resulted strongest
The combination of operating efficiencies and higher prices resulted in the strongest quarter Alcoa has ever had,
aerospace commercial conditions expect markets overall remain robust
Our aerospace and commercial transportation markets are particularly robust this year, and we expect overall market conditions to remain strong.
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,
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.
aggressive costs energy flowing impact materials offset raw speed
We have an aggressive productivity program, but it has not offset the impact of escalating costs in energy and raw materials and the speed at which they are flowing through.
control focused managing
We are focused on managing what is under our control,
impact
We are experiencing the bottom-line impact of productivity improvements and the elimination of waste,
company critical customers guide reputation strong success supports treat values
This recognition supports our reputation as a company that has strong values at its core. Our values guide us in how we treat our employees, stakeholders, customers and community. It is critical to the long-term success of Alcoa.
access compete creates economy efficient energy environmental foundation further ideally industry integrated market placed primary proximity share skilled solid strengthen supplies terms
With the competitive and efficient energy source, the access to skilled labor, and efficient proximity to alumina supplies and customers, the Trinidad smelter will be ideally placed to compete for its share of the world market in primary aluminum. It also creates a solid foundation for the development of an integrated aluminum industry to further diversify and strengthen the economy of Trinidad and Tobago. In terms of technology, design, and environmental performance, this will be a world-class facility.
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.