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...
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.
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,
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.
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,
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.
best job offer protection
That is the best long-term job protection we can offer all of our employees.
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,