Arconic Inc., Pittsburgh, announces that Arconic Rolled Products Corporation (to be renamed Arconic Corporation upon separation) has publicly filed a preliminary Registration Statement on Form 10 with the U.S. Securities and Exchange Commission in connection with Arconic Inc.’s pending separation into two standalone, publicly-traded companies.
Arconic Inc. will spin off Arconic Corporation, which will hold the businesses currently comprising Arconic Inc.’s Global Rolled Products segment (Rolled Products, Extrusions, and Building and Construction).
The businesses currently comprising Arconic Inc.’s Engineered Products and Forgings segment will remain in the existing company, which will be renamed Howmet Aerospace Inc. upon separation. The separation is on track to be completed in the second quarter of 2020.
Arconic Corporation will be a globally competitive aluminum products company, centered on rolled products, extrusions, and architectural products and systems. Its businesses will primarily serve the ground transportation, aerospace, building and construction, industrial, and packaging end-markets.
Howmet Aerospace’s primary businesses will focus on jet engine components, aerospace and industrial fasteners, and structural parts for airplanes and defense, as well as forged aluminum wheels for commercial transportation.
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