In the early 1980s, David Reynolds and William Bourke, a former Ford Motor Company vice president and now Reynolds's chairman and CEO, realized that Reynolds's upstream costs--for mining, smelting, and refining--were cutting into downstream profits on finished goods, like aluminum foil and cans. [9], By 1991, Reynolds Metals employed 30,800 workers at more than 100 operations in 20 countries, including 64 plants in the United States, and had a total production capacity of more than 1 million tons of aluminum and aluminum products. By using its well-established marketing, sales, and distribution organizations, Reynolds was able to add new products without increasing employment. Reynolds Metals Company leased, and later bought, six government defense plants that were up for disposal. Reynolds Metals was acquired by Alcoa in June 2000. Alcoa (F/K/A Reynolds Metals) Los Angeles. Sonya Elam Harden is Executive Vice President and Chief External Affairs Officer for Alcoa Corporation. During the 1920s most foil for packaging was made of lead and tin alloys. Tammi joined Alcoa Inc. in 2006 as HR Director, UK & Ireland for the Building & Construction Systems business and has served in a variety of HR positions over the course of her Alcoa career, including HR Director, Europe Building & Construction, HR Director for Alcoa Wheels and Transportation Products, and HR Director, Aluminum. Impressive as the wartime figures were, they were dwarfed by postwar demand for aluminum. Reynolds metals company is located in Malvern, Arkansas, and was founded in 2011. In 1994, a pact to scale back production in the next two years among the chief aluminum-producing nations helped Reynolds to achieve strong sales. In this capacity, he has advised on a variety of acquisition, divestiture and greenfield development projects, including the divestiture of the global Alcoa World Chemicals business segment, and the negotiation of development projects with the governments of Iceland, Ghana and Suriname. The company's entrance into the gold market, an unexpected upsurge in aluminum prices in the late 1980s, the company's continued commitment to the modernization of its production facilities, and the expansion of its consumer products division made Reynolds a solid, profitable enterprise with the ability to weather the cyclical nature of the aluminum business. Thatcher Trucking Co. Tanker Truck Accident Hydrochloric Acid Spill, Brio Refining Inc. and Dixie Oil Processors Inc. NPL Sites, Chevron/Former Gulf Oil Refinery Port Arthur Waste Site, Wayne Reclamation & Recycling/Wayne Waste Oil Site. Renato graduated from So Paulo University (Brazil) in 2000, with a degree in Electrical Engineering, and earned a Master of Business Administration degree from IbMec University (Brazil) in 2004. 22% of Reynolds Metals Company employees are women, while 78% are men. As a leading manufacturer of composite material, pre-painted heavy-gauge aluminum and bonded sheets, we define skylines all over the world with distinctive building faades. It's largest disclosed sale occurred in 2001, when it sold Cordant Technologies to Alliant Techsystems . 0 Reynolds developed aluminum siding for the booming postwar housing market. Trying to buy Reynolds Metals out from under Alcoa. Though he failed in his effort to buy the company, losing out to metals giant Alcoa Inc., Lynch is back in the news again. 3/1/1942. East Plant 50th Anniversary Reynolds 1959-Alcoa 2009 June 14, 1957 Ground is broken for the Reynolds Metals Company St. Lawrence Reduction Plant. Tammi A. Jones is Executive Vice President and Chief Human Resources Officer for Alcoa Corporation, focusing on all aspects of human resource management, including talent and recruitment, compensation and benefits, training and development and labor relations. NATURE OF THE ACTION . Their plan did not work. Reynolds later expanded into non aluminum products such as plastics and precious metals, introducing Reynolds Plastic Wrap in 1982. After the Second World War, the sense of aluminum's utility expanded to include its ornamental characteristics. Reynolds then embarked on a capital-improvements program that involved the expenditure of billions of dollars and the shutting down of some of the company's less-profitable operations. Alcoa's largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. Alcoa Recycling Company is incorporated to support the companys goal of enhancing sustainability by increasing its recycling activity. Reynolds, Jr. brought in a financial consulting firm to streamline operations. Copyright (c) 2022 Company-Histories.com. USA. Most stock quote data provided by BATS. [5] Reynolds advertised aluminum for its multi-faceted property, now reaching areas of fashion, home improvement, and architecture. We're excited to announce that part number LS7030 is now available in our ready-to-ship inventory.Part number LS7030 is a Angle Structural manufactured by Alcoa Reynolds Metals Company with FSC 9540 Structural Shapes Nonferrous Base Metal.Are you interested in a quick and competitive quote for this part? Reynolds deduced that Germany was preparing for war, with a massive production effort in aluminum sheet used to build military airplanes. He was 96 . Today, we are the right company at the right time. The choice for the new official name is an easy one: "Alcoa," the well-known and popular short name coined first in 1910 as the name of a company town in Tennessee. From June 2014 to October 2015, Roy was Executive Vice President, Human Resources, Environment, Health & Safety and Sustainability. U.S. v. Alcoa and Reynolds Metals. The company was acquired by Alcoa on May 3, 2000 to become the largest aluminum company in the United States. hUK0+>VvIJJC UAzaxO}&db2j& )y:@{|=2Y$mWv1GyV ;yFvgb ,_c&OdgWl3L/9m6-UYicTIF`(* g`2dPnN-|j6o#}H The former RMC facility, which is not part of the site, was addressed under New York state authorities. There was a problem saving your notification. With Audi's all-aluminum A8, aluminum reaches its full potential to reduce weight, reduce emissions and boost performance. Richard S. Reynolds Jr. succeeded his father as president in 1948 and under his leadership, the company underwent a major expansion with operations extended to countries around the world such as Venezuela and the Philippines. Alcoa had made a . Reynolds Aluminum Supply Co. RASCO is a partner in MetalSpectrum, a metals e-commerce venture announced Tuesday that Alcoa also has a stake . A total of 4 acquisitions came from private equity firms. Controlling Company ALCOA CORPORATION Alternative Names. Founded: 1919 Headquarters: Auckland Ceased . The company also announced that employment would once again be reduced by 12 percent to cut costs. Renato is a member of the Alcoa Executive Team, which sets strategic direction for the Company. 12/31/1982. The work is not part of the state-requested cleanup of contaminated soil, which officials say could begin next spring. Here's a rundown on a combined Alcoa-Reynolds Metals and the terms of Alcoa's agreement with the U.S. Department of Justice. The facility has been an active aluminum production plant since 1958. Jeff is a member of Alcoas Executive Team, which sets strategy for the Company. Sonya is a graduate of The Ohio State University with a bachelors degree in Journalism. 1. Molly was Vice President and Controller of the Company from December 2016 through October 2019 and was Director, Global Shared Services Strategy and Solutions from November to December 2016. U.S. Foil's entrance into the market generated a price war with other foil manufacturers, who hoped that by cutting prices they could drive the fledgling company out of business. Audi is the first to use metal from our revolutionary technology that eliminates all direct carbon dioxide emissions from the traditional smelting process. Jeff also served as the Secretary of Alcoa Corporation from November 2016 through December 2019. Alcoa Inc reaches definitive merger agreement with Reynolds Metals Co, in relatively swift negotiations that leave some Reynolds shareholders grumbling; in all-stock deal, Reynolds' shareholders . Hart later closed five other plants within Reynolds. At Alcoa, we believe our legacy is our call to action. Reynolds used the plant to cast ingots from molten aluminum imported from another plant from 1992 to 1998. [1][2], On January 21, 2008, Alcoa sold its consumer unit to Rank Group Ltd. Rank's owner, New Zealand billionaire Graeme Hart, renamed Alcoa's former unit the Reynolds Packaging Group. The Reynolds Metals site was the location of a primary aluminum reduction plant where alumina from bauxite ore was converted to aluminum. After submitting your request, you will receive an activation email to the requested email address. The ads were designed to reinforce the key messages of the global communications materials, boost employee pride and send a message of optimism to Wall Street. By the end of World War II, Reynolds had increased the company's production capacity to more than 450 million pounds. In addition to his business unit counseling roles, Jeff has provided legal counsel in the mergers and acquisitions area for transactions across Alcoas portfolio of businesses. Here are the top 25 Reynolds Metals Co. profiles on LinkedIn. Alcoa Corporation (an acronym for Aluminum Company of America) is a Pittsburgh-based industrial corporation.It is the world's eighth-largest producer of aluminum. Metals Ancient Antioch Survived Many Disasters in Its 2,400 YearsTurkeys Earthquake Obliterated It, How Gas From Texas Becomes Cooking Fuel in France, Opinion: Common Sense Points to a Lab Leak, Opinion: Yes, Theres a Housing Crisis. alumina refineries. They downloaded fact sheets, newsletter articles, and employee benefits Q&A to help them communicate to employees.World-Class Materials Ketchum developed a special edition box of Reynolds Wrap Aluminum Foil, posters, brochures, a wallet card and advertisements to commemorate the event. At Alcoa, we promise to treat your data with respect and will not share your information with any third party. Reynolds ceased operations in 2000, and the facility is currently owned by ALCOA. FOIL DISTRIBUTING COMPANY (trading name) REYNOLDS ALUMINUM RECYCLING COMPANY (trading name) . Alcoa bought the Reynolds Metals Co. and its Longview aluminum plant, located west of Longview, in 2000. Alcoa purchased the land from Reynolds Metals that year. Late in the 1980s the company introduced a line of colored plastic wraps and resealable plastic bags. 201 Isabella Street 482 (1978) REYNOLDS METALS COMPANY, a corporation, Plaintiff, v. ALUMINUM COMPANY OF AMERICA, a corporation, and National Can Corporation, a corporation, Defendants. Alex Murdaughs Trial Lasted Six Weeks. You may cancel your subscription at anytime by calling Alcoa treats the SPL produced from its U.S. smelters at the Gum Springs, AR, hazardous waste treatment facility . Reynolds was sold to Alcoa in 2000, five years after Mr. Reynolds stepped down from its board. Alcoa, the parent company of Northwest Alloys, is reviewing options for leasing or development agreements today but did not want to slow down the cleanup process, Gaines said. In 1931, the company moved its headquarters to New York City and in 1938 the headquarters moved again to Richmond, Virginia. Gaines said the company earns profits by warehousing materials and transloading for nearby businesses. If so, just fill out the short Request for Quote (RFQ) form below to get started. Though known for most of its post-war existence as Reynolds Metals, the plant was owned by Alcoa at both the beginning and the end of its sixty-year life. At Arconic Architectural Products, we amplify the visual impact of building design to make bold ideas even bolder. Reynolds Metals Co., 1991. Alcoa's first aerospace alloy, 2017-T4, is a critical material for building the historic USS Shenandoah rigid airship. Alcoa wraps up Reynolds. In 1928, after buying back the stock he had sold to R.J. Reynolds to start U.S. Foil, R.S. Alcoa will have to sell 00-1333. [1][2] Reynolds Group Holdings become Pactiv Evergreen through an IPO in 2020. HAL. Around the same time, the same process is discovered by chemist Paul T. Hroult of France, and it comes to be known as the Hall-Hroult Process. ALCOA CO. 6603 W Broad St. Richmond, VA 23230-1711. He has deep experience leading Alcoas finance function, having overseen for treasury, pension, tax, controllership, financial planning and analysis, audit, investor relations and transformation. Molly is a seasoned financial executive having worked in strategic positions that require a combination of technical accounting, process improvement and technology expertise. Permits to start clearing contaminated soil along Industrial Way in Longview could be secured this summer, with cleanup starting in 2023, officials say. Her career with Alcoa spanned over a decade, with various leadership roles including Vice President of Alcoa Materials Management where she led all commercial aspects of Alcoas European primary aluminum business. The company is first incorporated as The Pittsburgh Reduction Company and opens a pilot production facility on Smallman Street. The increased demand for foil was the result of the ever-increasing public appetite for cigarettes, the demand for which was so great that it created constant shortages of foil used for packaging. NSNfulfillment.com is owned and operated by ASAP Semiconductor, an AS9120B, ISO 9001: . Fata, Reynolds, and a group of Soviet organizations began constructing a $200 million aluminum-foil plant in Siberia in the 1990s. Prior to joining Alcoa, Tammi held various progressive HR roles with Basell Polyolefins and Network Rail. . Bill is a member of the Alcoa Executive Team, which sets strategy for the Company. American Smelting & Refining Co. (Federal Metals Division) Newark. Please contact us at [emailprotected], The Agency Within The Agency: Bringing Creative In-House, Ruder Finn Rallies Hispanic Groups To Improve Corporate/Latino Comms, IPG's DNA Freshens Brand To Reflect Global Growth, AMD Global Comms Review Moves Into Final Stages, PRovoke Media Announces Best Consultancies To Work For In EMEA 2023, Davos 2023: Four Key Takeaways For Communicators, Cannes: Ranking the 2022 Gold PR Lions Winners, Three Questions Agency Leaders Need To Be Able To Answer In 2022, "PR is about how organizations behave, not what they say", Employee Communications-Change Management, Financial Communications-Mergers & Acquisitions. All-aluminum car bumpers were in use in 1973. All rights reserved. %%EOF Presto produced a full range of plastic bags and wraps for both indoor and outdoor use, including freezer, sandwich, and food storage bags, along with a line of moist paper tissues and cotton swabs. Alcoa expands the Sustana line of products with the introduction of EcoSource, the industrys first low-carbon, smelter-grade alumina brand. You can sign up for additional alert options at any time. Customer Service. With the demand for lighter, more fuel-efficient automobiles, the use of aluminum in U.S. cars was expected to rise during the 1990s. What Reynolds' shareholders . [13] When Alcoa purchased Reynolds Metals, it shed some non-metals packaging and printing businesses but preserved the Reynolds consumer brand, as well as the Reynolds Kitchens, which are still across the street from the former Reynolds headquarters building. NRD . Sonya joined Alcoa in 1989 and held roles of increasing responsibility in communications, marketing, and government affairs. Before actions were taken to address the contamination in the St. Lawrence River, polychlorinated biphenyls (PCBs) were the primary contaminant found in the St. Lawrence sediment adjacent to the Reynolds facility that could be attributed to the facility. There are 41 other people named George Cain on AllPeople. Contact info: george.cain@alcoa.com Find more info on AllPeople about George Cain and Reynolds Metals Co Inc, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name . Pittsburgh, PA 15212-5858 Create an Account and Draft a QDRO for This Plan. As of 1980, the company was recycling almost half the number of cans it produced. Under the leadership of chairman and CEO Bourke the company moved into the 1990s with its focus on consumer products and on gold. Kristin Gaines, Western U.S. director of transformation for Alcoa, said she is hopeful cleanup will start in 2023, but . Reynolds borrowed $100,000 and in 1919 he purchased a small, one-story building in Louisville, Kentucky, and founded the United States Foil Company (U.S. Foil). Phone: (518) 358-3141 Fax: (518) 358-6245, Copyright Saint Regis Mohawk Tribe (en-US). aluminum concern, cleared U.S. and European antitrust hurdles and completed In 1975 the company's assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. She also served in financial management positions at Carnegie Mellon University and PNC Bank. Finally, we can read about how these great companies came about with Company Histories.. hbbd``b`f KSb%) D| DXS+[ X@P #dF? Email notifications are only sent once a day, and only if there are new matching items. In 1996, another can-making plant was closed in Houston, Texas, but the modernization of a plant in Torrance, California, neared completion with the number of manufacturing lines reduced from six to three. He said work could begin next spring and crews would need two dry seasons to complete the cleanup. The SRMT tribal lands are divided by the United States and Canadian border and subdivided by Franklin County in New York and the provinces of Ontario and Quebec in Canada.