alcoa corporation ( from aluminum company of america ) is an american industrial corporation .

it is the world 's fifth largest producer of aluminum , with corporate headquarters in new york city .

from its operational base in pittsburgh , pennsylvania in the united states , alcoa conducts operations in 10 countries .

alcoa is a major producer of primary aluminum , fabricated aluminum , and alumina combined , through its active and growing participation in all major aspects of the industry : technology , mining , refining , smelting , fabricating , and recycling .

in may 2007 alcoa inc. made a us$ 27 billion hostile takeover bid for alcan in an attempt to form the world 's largest aluminum producer .

the bid was withdrawn when alcan announced a friendly takeover by rio tinto in july 2007 .

on november 1 , 2016 , alcoa inc. split into two new entities : alcoa corporation , which is engaged in the mining and manufacture of raw aluminum , and arconic , which processes aluminum and other metals .

in april 2017 , alcoa announced it will move its headquarters back to pittsburgh effective september 1 .

alcoa

alcoa <EOT> principal subsidiaries : alcoa brazil holdings co . ; alcoa building products , inc . ; alcoa closure systems international , inc . ; alcoa international holdings company ; alcoa latin american holdings corporation ; alcoa laudel , inc . alcoa power generating inc . ; alcoa securities corporation ; alcoa ( shanghai ) aluminum products company limited ( china ) ; alcoa world alumina llc ; alumax inc . ; howmet international inc . ; cordant technologies holding company ; gulf closures w . l . l . ; reynolds metals company ; shibazaki seisakusho limited ( japan ) .

" we are taking every opportunity to streamline alcoa to reduce complexity , " said alcoa chief executive officer roy harvey .

the split was accomplished yesterday via a pro - rata distribution of 80 . 1 percent of alcoa corporation’s stock by arconic . alcoa inc . ’s shareholders received a single alcoa corporation share for every three alcoa inc . shares the shareholder held as of october 20 . the alcoa inc . shares became arconic shares yesterday as well .

from left , alain belda ceo of alcoa , friðrik sophusson managing director of landsvirkjun and michael baltzell , director of alcoa in iceland .

alcoa of australia managing director michael parker said alcoa was proud to be part of a partnership delivering long - term community and environmental benefits .

“the underlying conditions that led alcoa to curtail the fusina smelter in 2010 have not fundamentally changed . global aluminium prices remain weak and we must take action to maintain alcoa’s competitiveness , ” alcoa global primary products president bob wilt said .

as part of alcoa , inc . ’s continuing policy of turning the operation of the company town of alcoa over to its residents , the city of alcoa assumed ownership and operation of the water system on january 4 , 1960 .

alcoa offers free tours of our bauxite mines and alumina refineries western australia . contact our friendly staff at the alcoa discovery centre ( + 61 ) 08 9530 2400 to book your seat on a tour and discover alcoa for yourself !

the alcoa managing director said the company " remains very committed to australia " .

the smelter will cut alcoa ' s aluminium output by 190 , 000 tonnes .

alumina acquired qbe ' s 0 . 75 % interest in alcoa of australia .

your trip begins in accra , ghana . it ends in alcoa , tennessee .

an alcoa aluminum plant in alcoa , tennessee , u . s . is seen in this april 8 , 2014 file photo reuters / wade payne / file photo

alcoa’s environmental rehabilitation is a model for the mining industry , according to renowned international biodiversity conservationist , professor thomas e lovejoy , who toured alcoa’s operations last week . read more

alcoa is founded in pittsburgh , pennsylvania , under the name the pittsburgh reduction company .

the pittsburgh reduction company changes its name to aluminum company of america ( alcoa ) .

subsidy tracker , alcoa , good jobs first , database accessed january 5 , 2014 .

vice - president and general counsel of alcoa , dale hershey , robert j . tate

aluminium smelting in iceland – alcoa , rio tinto alcan , & century aluminum corp .

alcoa will try and find a buyer for the anglesea coal mine and power station .

alcoa staff and their families get dug into tree planting day . photo : supplied .

benefit information is collected from job descriptions and reviews about alcoa on indeed . com .

literature provided to yadkin riverkeeper by alcoa falsely states : " alcoa has a proven track record as a good environmental steward . alcoa takes its environmental responsibility seriously and has earned an outstanding reputation locally , nationally and globally for its commitment to protecting the environment . "

in 1914 , with the industrial development of the aluminum company of america’s ( now alcoa , inc . ) local plant , the city of alcoa’s water system began to evolve .

the action relates to alcoa ' s wagerup refinery - about 120 kilometres south of perth .

alcoa said the smelter , where 500 workers are employed , would cease operation in august .

by the 1950s the company had dispensed with company housing , selling houses to renters and alcoa workers . alcoa also transferred its electric and water utilities to the city in 1955 and 1960 respectively , thereby placing alcoa ' s former power monopoly under the control of the tennessee valley authority .

in 1909 alcoa began purchasing riparian rights along the little tennessee river in a search for cheap power . building a network of dams , alcoa chose north maryville as a plant site in 1913 . it reincorporated the community as the town of alcoa in 1914 , purchased 750 acres of land , and built a smelting plant . thus , alcoa joined other planned industrial communities in tennessee .

alcoa corporate center 201 isabella street pittsburgh , pennsylvania 15212 - 5858 u . s . a .

alcoa claims that it is attempting to set a new benchmark in conservation , habitat rehabilitation and social responsibility . after local protests , alcoa entered into a royalty sharing agreement with the juruti community .

the agreement with alcoa may seem to indicate that the company ( alcoa ) was chosen as the natural ally because it is an existing shareholder . however , one may ask the first question : what are the benefits to be derived by alcoa and the people of ghana under the agreement ?

aluminium smelting in iceland – alcoa , rio tinto alcan , & century aluminum corp . | arcticecon

alcoa manufacturing ( g . b . ) limited - swansea - west glamorgan , wales - uk

alcoa employs approximately 5 , 200 people across australia in its mining , refining and smelting operations .

victorian premier denis napthine says it is a sad day for alcoa workers and the geelong region .

the alcoa greening partnership has been instrumental in australia ' s seed bank . photo : supplied .

wmc limited and alcoa combined their respective bauxite , alumina and alumina - based chemicals businesses and investments and some selected smelting operations to create alcoa world alumina and chemicals ( awac ) in january 1995 .

alcoa had 7 coal - fired generating stations in 2005 , with 1118 mw of capacity . here are details on alcoa ' s coal power plants : [ 4 ] [ 5 ] [ 6 ]

the chief executive of alcoa of australia limited is mr michael parker whose official title is managing director . the chairman of alcoa of australia limited is mr michael parker whose official title is executive chairman .

the alcoa fusina rolling mill was operating separately from the smelter and was not affected by the closure .

alcoa incorporated completed its long - awaited split yesterday , as alcoa corporation began as a stand - alone entity specializing in aluminium’s upstream sector , and alcoa inc . began operating under the name arconic inc . , a firm that focuses upon value - added aluminium , as well as nickel and titanium products .

" alcoa , the microcosm , " financial world , june 25 , 1991 , p . 76 .

center for responsive politics , alcoa lobbying profile , open secrets database , accessed january 5 , 2014 .

alcoa minerals of jamaica inc . v . jamaica , icsid case no . arb / 74 / 2

the total flight duration from accra , ghana to alcoa , tn is 11 hours , 48 minutes .

2 responses to aluminium smelting in iceland – alcoa , rio tinto alcan , & century aluminum corp .

the decision to shut the facilities was made at a meeting of the alcoa australia board this morning .

the awu ' s ben davis says alcoa ' s closure will have a catastrophic effect on geelong .

the dr napthine says he will ask for federal funding to help workers affected by the alcoa closure .

in a written statement , alcoa australia ' s managing director alan cransberg says the allegations are without merit .

schroeder , michael , " the quiet coup at alcoa , " business week , june 27 , 1988 .

2001 : alcoa shuts down wenatchee works because of high power prices that make the production of aluminum unprofitable .

enhanced redundancy packages have been agreed for 296 workers at the alcoa aluminium plant in swansea , say unions .

" they are a part of a proud history of alcoa in australia over the last 50 years . "

" i ' m sure alcoa will accept their corporate responsibility to look after employees in any situation . "

" this is a particularly sad day for those people who ' ve worked a lifetime at alcoa . "

" alcoa’s subsidiaries used a london - based consultant with connections to bahrain’s royal family as an intermediary to negotiate with government officials and funnel the illicit payments to retain alcoa’s business as a supplier to the plant , " the sec said in a statement thursday morning . " alcoa lacked sufficient internal controls to prevent and detect the bribes , which were improperly recorded in alcoa’s books and records as legitimate commissions or sales to a distributor . "

alcoa already has 205 employees in pittsburgh who share a building with arconic , a spinoff created when alcoa split its mining , refining and aluminum businesses from those that make aluminum parts for aerospace , automotive and other industries .

the origins of the alcoa worldwide alumina and chemicals ( awac ) partnership between alcoa and wmc limited ( now alumina limited ) began in the early 1960’s following the exploration and discovery of bauxite deposits and other resources by wmc limited and two other australian companies . the aluminium company of america ( alcoa ) was invited to join the project to provide technology , aluminium expertise and finance . the venture formed alcoa of australia ltd ( aofa ) , an integrated aluminium company , in 1961 with wmc limited holding a 20 % interest and alcoa a 51 % interest .

alcoa corporation ' s global sales from fy 2015 to fy 2017 ( in million u . s . dollars )

alcoa joins with lockheed and japanese manufacturer furukawa electric company , forming furalco to produce aluminum aircraft parts for lockheed .

alcoa decides to sell its technology to other manufacturers on a large scale , a significant departure from previous policies .

alain j . p . belda succeeds o ' neill as ceo ; company officially adopts the name alcoa inc .

alcoa minerals of jamaica inc . v . jamaica , icsid case no . arb / 74 / 2 | italaw

your flight direction from accra , ghana to alcoa , tn is northwest ( - 55 degrees from north ) .

the east iceland smelter , alcoa claims , will be one of the world ' s cleanest aluminum production facilities .

alcoa has blamed rising energy , labour and materials costs for the " tough decision " to close the plant .

western australia - has two bauxite mines , three alumina refineries , two dedicated port facilities and three alcoa farmlands .

this landscape - scale corridor project is situated within close proximity to alcoa ' s mining and alumina refining operations .

the alcoa discovery centre is located at the pinjarra heritage train station . po box 172 pinjarra , wa 6208 australia

" i intend to make alcoa the safest company in america . i intend to go for zero injuries . "

what ' s more , all that growth occurred while alcoa became one of the safest companies in the world .

alain belda , chairman and ceo of alcoa , thanks landsvirkjun for the aluminium sculptures that alcoa representatives received from the company at egilsstaðir airport shortly before belda’s departure for new york on his private jet . behind the ceo are jake siewert , alcoa’s vice president - global communications and public strategy and the firm ' s spokesman in iceland , and michael baltzell , president - primary development as well as managing director of alcoa in iceland ( on the left ) .

alcoa already has 205 employees in pittsburgh who share a building with arconic , a spinoff created when alcoa split its mining , refining and aluminum businesses in november from businesses that make aluminum parts for aerospace , automotive and other industries .

" conserving biodiversity - alcoa is working with conservation international and guinée ecologie , guinea’s national environment group , on maintaining the sustainable development of the region . alcoa has access to some of the world’s largest bauxite reserves in guinea . "

the facts of this case are simple and mostly undisputed . alcoa is a well - known producer of aluminum and aluminum products . from 1940 to 1987 , alcoa ' s operations produced waste byproducts , which alcoa disposed of during the ordinary course of business . alcoa claims that it included disposal costs for these waste byproducts in its cost of goods sold ( cogs ) calculations for the relevant years , thereby excluding them from its reported income during those years . 1

city government was tied directly to company management , with victor hultquist , alcoa ' s construction superintendent , serving as city manager until the 1950s . alcoa recruited no other outside investment , nor were others interested in coming to a one - company town . the lack of economic diversification bound the fortunes of alcoa ' s citizens to those of the company .

paul o ' neill becomes chairman and ceo of alcoa and begins to institute a major revitalization program for the business .

" alcoa as a company has had a long track record of good relationships with their employees , " he said .

by attacking one habit and then watching the changes ripple through the organization . by targeting alcoa ' s keystone habit .

in its 1993 tax return , alcoa claimed these costs as a tax deduction ; the internal revenue service ( irs ) did not challenge that treatment . subsequently , however , alcoa filed with the irs a claim for a refund of over twelve million dollars . alcoa maintained that under section 1341 , alcoa was entitled to enjoy not the tax benefit yielded by the 1993 deduction , but rather the much larger benefit ( due to the then generally higher corporate tax rates ) of a reduction of its 1940 - 1987 tax liability . the irs disallowed the refund and alcoa filed this action in the district court .

after the enactment of new environmental laws , including the comprehensive environmental response , compensation , and liability act of 1980 ( cercla ) , state and federal agencies found that a number of alcoa ' s industrial sites were polluted and ordered alcoa to conduct environmental clean - up at these sites . as a result , in 1993 alcoa expended substantial funds on environmental remediation .

alcoa’s smelter in portland , victoria , and its bauxite and alumina refining operations in western australia , will continue to operate .

“if the factory wasn’t here , i wouldn’t have come , ” she said . “i think alcoa saved this town . ”

in addition to iceland , alcoa looked at brazil , india and vietnam in locating the new smelter , company officials said .

alcoa says a comprehensive review of the 50 - year - old smelter says it has no prospect of becoming financially viable .

in a separate statement , the company said , " alcoa welcomes the resolution of this legacy legal matter with the u . s . government . " alcoa also noted that both the doj and sec praised the company for its cooperation in the matter .

alcoa has announced that it will shut its point henry aluminium smelter and two rolling mills , costing a total of 980 jobs .

the intended closure was in addition to the 460 000 t of operating smelting capacity that alcoa in may announced was under review .

" alcoa is a values - based company . our values guide our work and help us accomplish our goals the right way "

us based alcoa has booked us $ 95 million in restructuring charges arising from the sale of its stake in the jamalco refinery .

aluminum coils are moved around the arconic manufacturing facility in alcoa , tenn . , where they will be hammered into car parts .

the welsh assembly government has said the £2 . 5m given to alcoa will have to be paid back if the factory closes .

us - owned aluminum giant alcoa has received £4 . 25m from the welsh assembly to safeguard 287 jobs at its swansea plant .

the next chapter of the partnership is currently being drafted and will focus on conservation in alcoa’s own backyard , so to speak .

alcoa is on track to finalise the new three - year agreement over coming months , and are looking forward to starting work .

( d ) the acquisition by alcoa of rome , though adding but 1 . 3 % to alcoa ' s share of the aluminum conductor market , would , in the framework of this industry , likely result in a substantial reduction of competition . p .

alcoa’s 2013 sustainability report details the company’s global environmental , social and economic performance during 2013 . alcoa has produced the report for 12 consecutive years . more detail is available online in the sustainability section of urltoken at http : / / www . urltoken / sustainability .

alcoa inc . is one of the world ' s largest aluminium smelting companies . according to their website , " alcoa is the world’s leading producer of primary aluminum and fabricated aluminum , as well as the world’s largest miner of bauxite and refiner of alumina . "

despite the sale , alcoa posted us $ 159 million in fourth quarter 2014 results or us $ 10 million more than a year earlier . alcoa has embarked on a global restructuring plan aimed at divesting or rationalising higher cost production facilities which included operations in jamaica .

( * mr . tómas” is tómas már sigurðsson , managing director of alcoa fjarðaál at that time but currently president of alcoa’s european region and global primary products europe . read guðmundur’s whole speech in the second issue of saving iceland’s voices of the wilderness magazine . )

alcoa insists not only is the refinery safe for workers and residents , it is one of the most studied industrial facilities in australia .

when alcoa made the move to new york , the company had about 60 workers there and 2 , 000 in the pittsburgh area .

alcoa innovation delivers sustainable solutions in key markets : customer - focused product innovations were also among alcoa’s 2013 sustainability highlights . alcoa’s breakthrough “951” adhesive bonding technology opened the door to aluminum - intensive vehicle production at scale , enabling cars and trucks that are lighter and more fuel efficient . ford chose alcoa as a major aluminum supplier for the 2015 ford f - 150 , which uses military - grade aluminum alloys and is 700 pounds lighter . alcoa also recently introduced the new ultra one™ wheel , the world’s lightest heavy - duty truck wheel . it is 47 percent lighter than steel wheels of the same size and is helping trucks shed pounds for increased payload and fuel efficiency .

alcoa has been a corporate funder of the american legislative exchange council ( alec ) [ 3 ] . see alec corporations for more .

' the levy prevents us from being as competitive as we should , ' said alcoa general manager gerry dudley in a telephone interview .

alcoa employs 500 workers at the geelong smelter and about 480 at the rolling mills at geelong and at yennora , new south wales .

the three rivers project will address impacts to the murray , serpentine and harvey rivers , which flow through alcoa’s operational areas and beyond .

( d ) the acquisition by alcoa of rome , though adding but 1 . 3 % to alcoa ' s share of the aluminum conductor market , would , in the framework of this industry , likely result in a substantial reduction of competition . p . 280 .

alcoa , inc . and affiliated corporations f / k / a aluminum company of america v . united states of america , appellant .

we conclude then , as the government proposes , that because alcoa ' s expenditure of funds in 1993 was not the restoration of particular moneys to the rightful owner and did not arise from the same circumstances , terms , and conditions as alcoa ' s original acquisition of the income , alcoa ' s 1993 cleanup expenditures do not qualify for the beneficial tax treatment provided under section 1341 . see id .

the largest aluminum manufacturer in the world , alcoa inc . produces aluminum and alumina for automotive , aerospace , commercial transportation , construction , packaging , and other markets . active worldwide in all major elements of the industry , alcoa ' s operations include mining , refining , smelting , fabricating , recycling , and developing technology . in addition to its numerous industrial applications , alcoa aluminum is used in beverage cans and such consumer products as reynolds wrap aluminum foil and alcoa wheels . in 2003 the company employed 127 , 000 people in 39 countries .

arndt , michael , " how o ' neill got alcoa shining , " business week , february 5 , 2001 , p . 39 .

alcoa opened a smelter in reydarfjordur , iceland , even as it closed factories in the united states . the reason ? iceland’s cheap electricity .

the extra finance will enable the new buyers to acquire the assets of the alcoa rolling mill and invest in the new plant and equipment .

alcoa australia chairman and managing director alan cransberg briefed his employees and called it a sad and significant moment in the history of the company .

steve roberts , a worker at alcoa ' s yennora plant , is concerned about how he is going to support his three young children .

alcoa ' s furnaces melt aluminum to be poured into molds that form giant ingots , bars that then go into the mill for rolling .

o ' neill left alcoa in 2000 , but the legacy of his keystone habit lives on . in 2010 , 82 percent of alcoa locations didn ' t lose one employee day due to injury , close to an all - time high . on average , workers are more likely to get injured at a software company , animating cartoons for movie studios , or doing taxes as an accountant than handling molten aluminum at alcoa .

" alcoa is ignoring its own principles of environmental integrity , " said wwf ' s smith . " there is still time for alcoa to pull out of their agreement with the icelandic government , and we are urging them to live up to their environmental principles and do so . "

an appeals court ruling finds alcoa guilty of antitrust violations , calling for a breakup of the company ' s monopolistic hold on the aluminum market .

carlisle , anthony todd , " alcoa ' s steely course prevails , " pittsburgh business times , december 30 , 1996 , p . 1 .

smith , george david , from monopoly to competition : the transformation of alcoa , 1888 - 1986 , cambridge : cambridge university press , 1988 .

alcoa says it is attempting to recalibrate the balance between environmental impact , local stakeholders and long - term shareholder value that distances it from rivals .

how much do alcoa employees make ? glassdoor has salaries , wages , tips , bonuses , and hourly pay based upon employee reports and estimates .

until then , environmentalists can be expected to keep the heat on - particularly on alcoa , which has a well - regarded environmental track record .

alcoa ' s job losses are part of cuts from its 140 , 000 - strong worldwide workforce in an attempt to streamline its sprawling operations .

kancoat was set up to coat metal strip used to make food cans and other products and was based at the former alcoa factory in waunarlwydd .

the average alcoa salary ranges from approximately $ 35 , 576 per year for cnc operator to $ 115 , 964 per year for business manager . average alcoa hourly pay ranges from approximately $ 10 . 88 per hour for teller to $ 35 . 00 per hour for customer service representative .

the executives in the room were taken aback . sure , a tragic accident had occurred , but tragic accidents were part of life at alcoa .

alcoa also owns 37 electric generating stations in the u . s . , which total 1 , 721 mw capacity ; this electricity is largely used to power alcoa ' s aluminum processing . out of this total , 65 . 0 % comes from coal , 31 . 4 % from hydroelectricity , and 3 . 7 % from natural gas . alcoa owns power plants in indiana , north carolina , tennessee , and texas . [ 4 ]

over the following years the venture grew to include refineries and smelter interests as the partners sought to take opportunities to expand the business . by 1990 , wmc limited’s interests in alcoa of australia had grown to 48 . 25 % through acquiring the minority interests of other participants , other than alcoa .

deutsch , claudia h . , " alcoa seeks to acquire a competitor , " new york times , august 12 , 1999 , p . c1 .

formation of the integrated aluminium company , alcoa of australia ( aofa ) , with wmc limited holding a 20 % interest . alcoa was invited to join the project with a 51 % interest to provide the technology , aluminium industry expertise and finance . aofa - construction begins at kwinana and point henry .

after cleanup had been stalled for a decade , washington gov . chris gregoire ordered the state ecology department to speed up negotiations with alcoa to remove more than 5 , 000 cubic yards of pcb - tainted sediment from the columbia river and its shoreline at an old alcoa smelter site in vancouver , wash . to date , alcoa has spent about $ 42 million cleaning up the site , including $ 34 million to clean up pcbs . source : urltoken

this interactive map shows alcoa’s pollution worldwide . each google map point contains additional information and video links . if you are aware of pollution in your area as a result of alcoa’s past or current operations , email us with the pollution site and your source and we will incorporate it into the map .

this deal must be the greatest news to alcoa this year . since the year 2001 , alcoa has idled / curtailed its production capacity by over 600 , 000 tons per year representing approximately 15 % of its global plant capacity . the reasons for such a major policy decision of capacity curtailment are :

let ? s not forget that due to high energy cost in the usa , alcoa has curtailed 15 % of its global primary aluminium installed capacity .

assembly ministers also handed £3m in may to the conwy valley plant , threatened by closure as alcoa sought to streamline its 140 , 000 global workforce .

australian workers union ( awu ) national secretary paul howes says there is nothing the federal government could have done to stop alcoa from closing the facilities .

the closure will reduce alcoa ' s global smelting capacity by 190 , 000 metric tonnes and cut can sheet capacity by 200 , 000 metric tonnes .

the new south wales opposition says the closure of alcoa ' s yennora plant by the end of the year is a significant blow for western sydney .

alcoa is victoria ' s largest exporter . the portland aluminium smelter is located in portland in south west victoria . music by dan - o at urltoken

" i knew i had to transform alcoa , " o ' neill told me . " but you can ' t order people to change . "

the issue in this case is whether alcoa ' s 1993 expenditure for environmental remediation qualifies for the beneficial tax treatment allowed by section 1341 . if it does not qualify , as the government argues , alcoa can reduce its tax liability for the year 1993 only to the extent it deducts its remedial expenses from its 1993 income which will be taxed at the 1993 corporate tax rate of 35 % . if alcoa ' s 1993 environmental expenses do qualify under section 1341 , however , alcoa is entitled to a deduction in 1993 equal to what it would have saved in taxes in the years 1940 - 1987 by excluding the remediation expenses from its reported income for those prior tax years . 2 this treatment would be beneficial to alcoa because corporate tax rates were generally far higher in 1940 - 1987 than in 1993 . for the reasons we set out below , we conclude that the environmental remediation expenses that alcoa incurred in 1993 do not qualify for beneficial tax treatment under section 1341 . alcoa ' s proposed interpretation of the statute , while artful , is not convincing .

8 . evidently aware that this is a significant weakness in alcoa ' s theory , amicus entergy corporation argues that the restoration requirement is satisfied because the aim of cercla was “to restore to the public the income attributable to the producers ' environmental consumption . ” like alcoa ' s own proposed interpretation of the statute , the argument that the amount not spent by alcoa in 1940 - 1987 was somehow restored to “the public” in 1993 is creative but not convincing .

gov . tom wolf said alcoa ' s move back to pittsburgh is " another testament to the growing strength and attractiveness of the region for business . "

the executive board of the german company siemens wants klaus kleinfeld , current alcoa ceo , to pay $ 2 . 95 million in damages to the company relating to a multi - billion - euro bribery scandal . kleinfeld was chief executive at siemens from 2005 until assuming his present leadership at alcoa . source : urltoken

at one point , prime minister edward seaga appeared on national television to charge , ' alcoa have decided to take the law into their own hands . '

) , the national power company , is set to develop a 500 - megawatt facility that will supply all of the power for alcoa ' s smelter .

aluminium producer alcoa has announced it will close its point henry smelter and two rolling mills in australia , putting almost 1 , 000 people out of work .

federal treasurer joe hockey says alcoa ' s decision is disappointing but it was predictable because the company knew in 2012 that the plant was not financially viable .

alcoa had virtually created the market for aluminum , and its only competition came from foreign producers , who were hindered by high tariffs . alcoa also benefited from rising demand from the automobile industry ; by 1915 , 65 percent of all new aluminum went into automotive parts . the outbreak of world war i ended the threat from foreign producers , and alcoa even became an exporter . annual production rose from 109 million pounds to 152 million pounds between 1915 and 1918 , with much of it going to great britain , france , and italy . at home , the vast majority of alcoa ' s output was used for military applications .

alcoa , on the other hand , gets an environmental break by virtue of locating in iceland , one of the world ' s most pollution - free nations . ninety - eight percent of the nation ' s buildings operate with geothermal heat . that , in turn , has enabled alcoa to negotiate an exception to 1997 ' s kyoto accord on greenhouse gases . that exception will allow alcoa ' s smelter to operate without having to pay penalties for any carbon dioxide emissions .

to better position itself to take advantage of these areas of demand , in 1998 alcoa spent $ 2 . 8 billion to purchase atlanta - based alumax , then a leader in the business of aluminum extrusion for the automobile and construction industries . the acquisition put alcoa first in the extrusion business , expanding its overseas exposure , especially in emerging markets in china and india . this was seen as an important step toward insulating alcoa from the cyclical nature of the raw aluminum market .

last year , alcoa world alumina and chemicals ( awac ) finalised the sale of its 55 per cent ownership stake in the jamalco joint venture in clarendon to noble group ltd for some us $ 140 million . alcoa indicated that it would continue as jamalco ' s managing operator for three years under a compensated service agreement and employees would remain employed by jamalco . awac is the joint venture owned , 60 per cent by alcoa and 40 per cent by alumina limited of australia .

world war ii brought prosperity to alcoa , and the tennessee operations expanded accordingly . the north plant , constructed in 1940 - 41 , covered sixty - five acres and employed twelve thousand workers , making it one of the largest plants in the world . in the postwar years , the company initially prospered due to strong demand for aluminum and related products . alcoa ' s national image , however , suffered in the late 1940s and 1950s as a result of the hard - line stance taken toward labor unions . in addition , alcoa no longer dominated the aluminum market , and the tennessee valley authority challenged alcoa ' s hydroelectric power business .

mining company alcoa has vowed to vigorously defend a class action filed on behalf of hundreds of former and current residents of towns in south - west western australia .

alcoa corporation plans to announce its second quarter 2018 financial results on wednesday , july 18 , 2018 after the close of trading on the new york stock exchange .

the city of alcoa is performing an ada self - evaluation of our facilities , programs , policies , and procedures for compliance with the americans with disabilities act .

organized as the pittsburgh reduction company in 1888 , the company changed its name in 1907 to the aluminum company of america and began using the acronym alcoa in the early 1900s after applying the acronym to company - owned sites in tennessee . the company officially changed its name to alcoa , inc . , in january 1999 .

alcoa divests all of its foreign operations except its dutch guyana bauxite mines , spinning them off as aluminum limited , based in montreal and headed by edward davis .

swaney , chriss , " about real estate ; alcoa vacating its downtown pittsburgh landmark , " new york times , july 24 , 1996 , p . a22 .

alcoa and jamalco are committed to fostering a safe and enjoyable work environment . we are proud to offer our employees an extensive benefits package . career opportunities include :

welsh development agency executive director mike king added : " alcoa has a long established history in the area and plays a significant role in the local economy . "

alcoa of australia limited engages in mining and refining bauxite , smelting aluminium and operating shipping terminals . the company ' s operations are located in the following locations :

electricity in iceland costs about 30 percent less than what alcoa might pay in the united states . that’s a crucial consideration , because the alcoa smelter alone uses more than five million megawatt - hours of electricity each year — about the same as the half - million people and all the businesses in the city of colorado springs .

the minister for the economy , science and transport ( edwina hart ) : on the matter of the sale of the alcoa site , this is a commercial transaction in which the welsh government is not involved . we have not provided any grant aid to alcoa . demolition of the site is a commercial matter for the company .

the chairman of the board of landsvirkjun , jóhannes geir sigurgeirsson , said in an address at the ceremony that the company’s expenses due to the power plant and related construction would amount to about isk 100 billion . he said that he had come to reyðarfjörður straight from the united states , where he had been visiting the headquarters and an aluminium smelter of alcoa . the journey west and relations with representatives of alcoa during the negotiating process had convinced him that alcoa would be a good business partner .

" ford , holden , toyota and now alcoa . how many thousands of jobs will have to go before denis napthine realises he needs to get a jobs plan ?

following a $ 100 - million , three - year redesign and reconstruction , alcoa ' s 50 , 000 - ton press returns to operation and the future begins .

alcoa spent $ 920 , 000 for lobbying in 2006 . five lobbying firms were used including van scoyoc associates , inc . and the cohen group . [ 12 ]

following an international competition the bechtel corporation and hrv engineering as bechtel - hrv were chosen by alcoa to design and build a new aluminum smelter in reyðarfjörður , iceland .

the jamalco joint venture is 55 percent owned by alcoa minerals of jamaica ( amj ) and 45 percent owned by clarendon alumina production ltd . ( cap ) . amj is part of the awac joint venture , owned 60 percent by alcoa and 40 percent by alumina limited . cap is a company wholly owned by the government of jamaica .

" we recognise how deeply this decision impacts employees at the affected facilities and are committed to supporting them through this transition , " alcoa chief executive officer klaus kleinfeld said .

us aluminum producers such as alcoa ( aa ) and century aluminum ( cenx ) are having a dismal year despite the section 232 tariffs . alcoa ( aa ) stock trades at a solid ev - to - ebitda multiple of ~ 3 . 5x for 2018 . its 2019 ev - to - ebitda multiple stands at ~ 4 . 0x .

arndt , michael , " alcoa wants one of these , and one of those . . . , " business week , september 11 , 2000 , p . 63 .

baker , stephen , and david woodruff , " alcoa wants to take its show on the road , " business week , august 1 , 1994 , p . 58 .

may 1951 : construction of alcoa wenatchee works begins . it is the first smelter built in the pacific northwest after world war ii . the facility costs $ 58 million .

an icelandic protester in 2002 . alcoa ' s chief sustainability officer says the company has been going ' beyond compliance ' in recent years . photograph : johann isberg / ap

alcoa investor contact kelly pasterick , 212 - 836 - 2674 kelly . pasterick @ urltoken or media contact bridget mcnie , 412 - 553 - 2609 bridget . mcnie @ urltoken

“the decision to sell awac’s stake in jamalco is in line with alcoa’s global strategy to reshape its upstream portfolio and lower the cost base of our commodity business , ” said bob wilt , president , alcoa global primary products . “the sale will help achieve those goals , while maintaining jobs and protecting the economic contributions of jamalco to jamaica . ”

alcoa arrived in 2007 after iceland built a giant power plant on the other side of the island , near a sparsely populated region where the fishing industry was in decline .

alcoa , the world ' s largest aluminium producer , announced in november 2001 it would cease production in the conwy valley , north wales with the loss of 189 jobs .

that should calm nerves in the firm ' s welsh workforce , after alcoa posted a 43 % plunge in annual profits in october following a fall in global metal prices .

b . riley initiated coverage on aluminum makers on thursday , preferring century aluminum ( cenx ) over alcoa ( aa ) . analyst lucas pipes launched coverage of alcoa with a neutral rating and a $ 47 price target . pipes writes that alumina prices have been elevated on " unique events , " which is an oblique way of referring to tariffs .

alcoa and its partners have re - engineered a landmark , and made a bit of history in the process by completing such a consequential project . it stands there as proof of their accomplishment . at the same time , if these design expectations are on target , then the story of alcoa’s new 50 , 000 - ton press is just beginning .

despite bitcoin ' s price decline this year , crypto mining company coinmint is moving ahead with to revamp alcoa ' s 1 , 300 acre plot once used for aluminum smelting .

alcoa also paid a $ 1 . 5 million civil suit and $ 2 . 5 million on two additional environmental projects in an attempt to offset past emissions . [ 7 ]

" alcoa is more than just a manufacturing plant . it uses highly sophisticated technology in its production process , and has an outstanding track record of training for its employees . "

for the reasons stated above , we will affirm the district court ' s grant of the government ' s motion for summary judgment motion and its denial of alcoa ' s .

alcoa will pay the sec $ 175 million to settle the charges , $ 14 million of which will be satisfied by the company’s one - time forfeiture payment to the doj . in total , alcoa will pay the sec $ 161 million in five equal installments over the next four years . to settle the criminal claims with the doj , alcoa world alumina ( awa , a company within alcoa world alumina and chemicals ) is pleading guilty to one count of violating the anti - bribery provisions of the foreign corrupt practices act ( fcpa ) . awa will pay the doj $ 223 million in five equal installments over the next four years , bringing the company ' s total bill for the scandal to $ 384 million .

erin brockovich , the health advocate portrayed by julia roberts in the movie of the same name a few years ago , has championed legal action against alcoa on behalf of residents and former inhabitants of yarloop , australia , who allege that the company’s wagerup refinery has made them sick . her lawsuit accuses alcoa of poisoning the community with toxic emissions . source : urltoken

alcoa also plans to close offices in richmond , virginia ; nashville , tennessee ; and chicago , as well as milan and geneva in europe ; reykjavik , iceland ; and beijing .

" i want to talk to you about worker safety , " he said . " every year , numerous alcoa workers are injured so badly that they miss a day of work .

in response , the company released its paternalistic grip on the town of alcoa . the company continued and expanded its practice of donating land for parks , schools , churches , and municipal buildings . the company also provided funds for the development of an airport in blount county and continued to sell property in the public ' s interest , including additional land to the city of knoxville for airport expansions . in order to improve company - town relations , alcoa also provided alcoa residents with recreational facilities , a retirement club , and tuition support at local universities .

“our iconic press played an integral role in alcoa’s rich history and will be an equally key component to our company’s future growth and success , ” declared alcoa forgings and extrusions president eric v . roegner at an inaugural event recently . “it is vital not only to our business , customers , and employees , but to the continued growth and stability of our manufacturing operations . ”

this is precisely the kind of globalization that economists have long told us is beneficial . iceland gets jobs . alcoa shareholders get higher profits . shoppers in the united states get lower prices .

alcoa , the majority owner , has previously said it would continue to implement cost saving measures at the plant , but its future would be decided by an ability to remain internationally competitive .

we hold that alcoa ' s environmental clean - up expenses , incurred in the 1993 tax year for pollution created in past years , do not qualify as restored moneys under section 1341 .

alcoa received an exemption from state environmental laws in texas that allow it to continue emitting 60 , 000 tons of sulphur dioxide annually into the air in rockdale , maintaining alcoa’s position as one of texas’ top polluters . over the border in mexico , it operated what a national labor committee report of june 2002 termed a “high tech sweatshop” where the very highest wage a senior alcoa worker could earn there was $ 86 . 58 per week , including all benefits . the reported added that “alcoa wants to pit workers in the united states against the desperately poor workers in mexico – and other developing countries – in a race to the bottom over who will accept the lowest wages and least benefits , the most miserable living and working conditions . ” source : urltoken

from 1989 until 2009 , alcoa - - which provides not only refined aluminum but also raw grade ( known as " smelter grade " ) aluminum - - had as one of its largest customers aluminium bahrain b . s . c . ( alba ) , a company that is one of the largest aluminum smelters in the world . alba is controlled by bahrian ' s government , and an sec investigation found that alcoa made more than $ 110 million in corrupt payments to bahraini officials who had influence over contract negotiations between alcoa and the government - operated aluminum plant .

the government of ghana has taken the bold and prudent decision to acquire the 90 % shares in valco offered by kaiser aluminum corporation of the u . s . a . the news bulletin indicated that the government of ghana has come into an agreement with alcoa , the 10 % shareholder in valco , to operate the plant . under the agreement it is anticipated that alcoa will :

the pictures described and presented within this section of the city of alcoa’s website came from many sources and people . many photos and content came from the alcoa photo archives with the hand - written names of people and dates along with the photo . the city of alcoa apologizes for the misspelling of any name or person pictured or featured in this material . if you have a concern or correction to this material , we would love to hear from you . please call our offices at 865 - 380 - 4795 to inform us of a correction or concern regarding this content .

alcoa , a global leader in bauxite , alumina and aluminum products , announced today that it will make a $ 62 . 4 million payment under an electricity supply agreement for more . . .

alcoa said it would work with affected communities to explore ways to redevelop the closed smelter and would consult with local unions to put appropriate social support in place for the remaining 14 impacted employees .

since 1888 , the people of alcoa have partnered to create innovative and sustainable solutions that move the world forward . we created the aluminum industry , and will continue to define and advance it .

located in clarendon , jamalco is a joint - venture between general alumina jamaica llc ( formerly known as alcoa minerals of jamaica , llc ) and clarendon alumina production ltd . ( a wholly owned government company ) . effective december 1 , 2014 , the noble group acquired alcoa minerals of jamaica from alcoa . as a result , the clarendon alumina works refinery and related mining and port operations , which continue to be carried out under the name “jamalco” , is owned 55 % by general alumina jamaica llc ( gaj ) and 45 % by clarendon alumina production ltd ( cap ) .

alcoa media contact : monica orbe , 212 - 836 - 2632 monica . orbe @ urltoken or alcoa investor contact : kelly pasterick , 212 - 836 - 2674 kelly . pasterick @ urltoken or noble media contact ( argentus pr ) : candice adam , + 44 20 7397 2915 candice . adam @ urltoken or noble investor contact : stephen brown , + 852 2250 2060 stephenbrown @ urltoken

j . l . diederich , president of alcoa minerals of jamaica , has countered the company may even increase production at the works , which employs about 900 jamaicans and provides needed tax revenue .

for its part , alcoa in the agreement memorandum pledged to lend planning and financial support in establishing " a protected area " near the project . alcoa will create a major part of the huge project : a low - emission aluminum smelter that will cost an estimated $ 1 billion and will have a production capacity of 290 , 339 tons ( 295 , 000 metric tons ) per year .

alcoa corporation ( nyse : aa ) plans to announce its second quarter 2018 financial results on wednesday , july 18 , 2018 after the close of trading on the new york stock more . . .

over the last 40 years more than 630 , 000 visitors have toured alcoa ' s western australian operations . visitors have ranged from prime ministers to students and curious members of the public . read more

alcoa claims it has voluntarily and dramatically reduced emissions of unregulated toxins . at least one us facility has introduced technology that has reduced cobalt emissions from 252lbs in 2007 to less than 4lbs in 2011 .

let us not push ourselves into the trap of alcoa only to cry foul tomorrow . we will not be able to get out of the alumina ? politricks ? if we fall into the trap .

“there’s no doubt it was a shared pursuit of environmental excellence that united alcoa and greening all those years ago , and it’s what remains at the heart of the partnership today , ” he said .

alcoa had been having antitrust run - ins with the justice department since 1911 , but all of the blows had glanced off of it until u . s . attorney general homer cummings filed suit in 1937 , charging monopolization and restraint of trade on alcoa ' s part . the trial lasted from 1938 to 1940 and was the largest proceeding in the history of u . s . law to that time . a district court ruling in 1942 found in favor of alcoa , but the government appealed . in 1945 an appeals court sustained that appeal . in his decision , judge learned hand ruled that although alcoa had not intended to create its monopoly , the fact remained that it had a monopoly on the domestic aluminum market in violation of antitrust law and it would be in the nation ' s best interest to break it up . hand ' s decision became a landmark in the history of judicial activism , although it did leave open the question of how alcoa ' s grip on aluminum was to be broken .


oman lng is a lng plant in qalhat near sur , oman .

the company was established by the royal decree of sultan qaboos of oman in 1994 .

the construction was launched in november 1996 , and the plant was commissioned in september 2000 .

the main shareholder is the government of oman ( 51 % ) in cooperation with royal dutch shell ( 30 % ) , total s.a. ( 5.54 % ) , korea lng ( 5 % ) , partex oil & gas ( 2 % ) , mitsubishi corporation ( 2.77 % ) , mitsui & co. ( 2.77 % ) , and itochu corporation ( 0.92 % ) .

the lng plant is supplied from the gas gathering plant at saih rowl in the central oman gas field complex through 360 kilometres ( 224 mi ) long 48 inches ( 1,200 mm ) pipeline with a capacity of 12 billion cubic meters per annum of gas , operated by petroleum development oman .

the gas origins from barik , saih nihayda and saih rawl gas fields .

the lng plant consists two 3.3 million tons per annum liquefaction trains , which were constructed by chiyoda-foster wheeler .

in addition , the plant employs air products ' ap-c3mr technology and has two storage facilities capable of holding 240,000 cubic metres ( 8,500,000 cu ft ) of lng .

the total construction costs were us$ 2 billion .

in october 2013 , it was announced that oman lng and qalhat lng would merge to become a single entity .

this would increase the nameplate capacity of the combined entity to 10.3 million tons per annum .

oman lng

oman lng <EOT> as of september 1 , 2013 , oman lng officially integrated with qalhat lng . the integrated entity operates under the name of oman lng .

copyright © 2018 oman lng l . l . c . all rights reserved .

oman liquefied natural gas llc ( oman lng ) is a limited liability incorporated joint venture company established by a royal decr . . .

flashback : supported by oman lng , oman sail established a sailing school in sur , the historic hub of oman’s illustrious seafaring past , to be a source of sporting talent for national and international competitive sailing . # odf _ day urltoken

to further strengthen its robust csr efforts with more focus , oman lng’s board of directors decided to establish a separate legal foundation . july 1st 2015 marked the operational start - up of oman lng development foundation ( odf ) . # odf _ day urltoken

in 2015 , the oman lng development foundation was established , channeling all oman lng’s csr activities . this shift has enabled for better csr - providing a robust , sustainable and innovative platform that further builds and develops sustainable csr programmes . # odf _ day urltoken

the nameplate capacity of the site is 10 . 4 million tonnes per annum . oman lng’s activities contribute to the government of oman’s objective of diversifying the economy away from its current dependency on oil .

houston – ( may 18 , 2017 ) – kbr , inc . ( nyse : kbr ) announced today that it has been awarded a front - end engineering design ( feed ) and project management services contract for oman liquefied natural gas llc ( oman lng ) in qalhat , oman . oman lng operates three liquefaction trains with a total nameplate capacity of 10 . 4 million tonnes per annum ( mtpa ) .

flashback : bringing the past back to life : renovation of sunaisilah fort through oman lng support to bolster oman ' s tourism potentials and foster the preservation of its rich cultural heritage . # odf _ day urltoken

الحساب الرسمي للشركة العمانية للغاز الطبيعي المسال . تابعونا للتعرف على آخر الفعاليات والأخبار . the official account for oman lng , featuring events and updates .

the company ' s activities contribute to the government of oman ' s objectives of diversifying the economy . oman lng ' s liquefaction plant is located on the coast at qalhat near sur in the south sharqiyah governorate and its head office is in muscat .

oman lng undertakes , directly or indirectly , project operations and related activities essential to liquefy , store , transport and market oman ' s natural gas and to deliver lng to customers . the company operates 3 liquefaction trains - at its site in qalhat near sur with a nameplate capacity of 10 . 4 million tonnes per annum ( mtpa ) .

oman lng’s commitment to social investment started before the company shipped its first volumes of liquefied natural gas in 2000 by the establishment of sur general hospital . # odf _ day urltoken

the sultanate ' s two producers of liquefied national gas ( lng ) —oman lng ( olng ) and qalhat lng ( qlng ) —have merged , 18 months after the idea was first publicly mooted . the merger is unlikely to lead to large reductions in operating costs , but will create a unified face for omani lng exports . the main hurdle preventing both companies from operating at full capacity in recent years has been competing demands for oman ' s limited natural gas feedstock . this will remain a constraint for the new company , but may ease from 2016‑17 as new supply comes on stream .

" this contract confirms kbr ' s strong reputation as one of the world ' s preeminent leaders in lng facilities and demonstrates the trust that oman lng has placed in kbr following the successful development of the original front - end engineering design ( feed ) of this world - class lng facility , " said jay ibrahim , kbr president : europe , middle east & africa . " we are committed to expanding our footprint in the middle east and are delighted at this opportunity to reestablish kbr in oman and contribute to oman ' s in - country value ( icv ) initiatives . "

the laws of the sultanate of oman . the company engages in the business of producing and selling liquefied natural gas ( lng ) and its by - product , natural gas liquids ( ngls ) .

the years of operating below capacity have been , and continue to be , costly for oman given the high prices available for lng . in the medium term the outlook is for prices to trend down given large amounts of new supply hitting the market . as such , any increase in lng exports from oman after 2017 may serve to protect current levels of gas earnings rather than lead to a significant revenue boon .

oman lng llc is a limited liability incorporated joint venture company established by royal decree in 1994 and operating under the laws of the sultanate of oman . it produces and sells liquefied natural gas ( lng ) and a byproduct , natural gas liquids ( ngl’s ) . the company undertakes , directly or indirectly , project operations and activities necessary to liquefy , store , transport and market natural gas . the company’s head office is in muscat , and it operates three liquefaction trains at its site in qalhat , near sur , in the sharqiyah region :

the merger is also aimed at creating a unified face for omani lng exports in global markets according to the oil and gas minister , mohammed bin hamad al‑rumhi . global demand for gas is expected to rise considerably over the next decade , meaning there is a strong incentive for oman to boost lng exports if it can . there has also been speculation that the merger may have more to do with redistributing the commercial gains of the two projects between the respective shareholders .

kbr is a recognized leader in lng with over 40 years of continuous experience and depth of capability , know - how and engineering talent that is unmatched in the industry . this project represents kbr ' s reentry into the oman market and supports our strategic focus on gas monetization in the middle east region .

our vision : " the best at what we do . " our mission : to produce , market and deliver lng safely , reliably and profitably to devel . . .

the main hurdle preventing both companies reaching their full potential in recent years has been competing demands for oman ' s limited natural gas feedstock . both companies have been operating well below capacity—according to bp , oman exported 8 . 2m t / y in 2012—ever since the third train began operations in the mid‑2000s . gas production has risen from 19 . 8bn cu metres in 2005 to 29bn cu metres in 2012 , according to the 2013 bp statistical review of world energy , in addition to which oman has been importing a limited amount of qatari gas via abu dhabi ' s dolphin energy since late 2008 . however , over this same period competing demands for gas have escalated rapidly . in 2005 the lng plants were by far the largest consumer of oman ' s natural gas , utilising 40 % of total production . the government system , which feeds power and desalination plants and major industries , used just under 20 % , with a further 16 % being used for oil production . by 2011 the amount of gas being used by the government system had increased by over 50 % , and 64 % more gas was being used in the oilfields for energy - intensive enhanced oil recovery . by contrast 20 % less gas was being supplied to the country ' s two lng producers , and they had fallen to less than 24 % of total gas production . however , although the natural gas supply has decreased , the government has guaranteed to supply sufficient feedstock to ensure that the plants can meet their commitments under long‑term contracts ; oman ' s main export markets for lng are in japan and south korea .

the government has presented the merger as an opportunity to increase value by reducing operating costs . however , as both companies were already highly integrated prior to the merger , the operational benefits are likely to be limited . the two liquefaction trains belonging to olng , and qlng ' s single train , occupy adjacent sites on the outskirts of the eastern town of sur . both companies use natural gas feedstock supplied by petroleum development oman and both use oman shipping company ' s lng tankers for distribution . furthermore , since the qlng train came into operation in late 2005 , it has been operated by olng .

p . o . box 888 sur , p . c . : 411 , sultanate of oman . tel . : ( + 968 ) 25547777 fax : ( + 968 ) 25547700 email : info @ urltoken

the government began planning oman ' s entry into the lng market in the mid‑1990s , forming olng in 1994 , the company ' s two‑train liquefaction plant , which has a capacity of 6 . 6m tonnes / year ( t / y ) , made its first shipment in 2000 . just three years later the government established qlng for the purposes of building a third train . the combined capacity of the new company is 10 . 7m t / y .

ghala , p . o . box 560 , c . p . o , p . c . 116 sultanate of oman . tel . : ( + 968 ) 24609999 fax : ( + 968 ) 24625406 email : info @ urltoken

our social responsibility story in numbers . we will continue our journey in # touchinglives of people all over oman in an effort to translate his majesty the sultan’s vision towards the improvement of social welfare and safety of the people . # odf _ day urltoken

in 2012 olng ' s chief executive at the time , brian buckley , said that the company was expecting to increase production by up to 20 % by 2016 or 2017 as reserves of tight gas reserves come on stream . as the government seems to be on the brink of a deal with bp over the commercial development of these gas reserves ( and there is a chance that oman may finally make progress with plans to import iranian gas ) , the newly merged lng company may be able to look forward to getting up to full capacity in the not too distant future .

the government was the largest shareholder in both companies , owning 51 % of olng and 47 % of qlng . as olng owned a 37 % stake in qlng this not only further increased the government ' s shareholding , but meant that almost all the shareholders involved had an interest in both companies . olng ' s second‑largest shareholder , royal dutch shell , had a 30 % interest , while total , kolng , partix , mitsubishi and itochu held minority stakes . just two of qlng ' s minority shareholders , union fenosa gas and osaka , only had an interest in that company . unsurprisingly perhaps , the merger was unanimously approved by the shareholders . it is not clear by what name the new company is to be known .

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revenue associated with this contract was undisclosed and will be booked into backlog of unfilled orders for kbr ' s engineering & construction business segment in the second quarter of 2017 .

kbr is a global provider of differentiated professional services and technologies across the asset and program life cycle within the government services and hydrocarbons sectors . kbr employs over 34 , 000 people worldwide ( including our joint ventures ) , with customers in more than 80 countries , and operations in 40 countries , across three synergistic global businesses :

kbr is proud to work with its customers across the globe to provide technology , value - added services , integrated epc delivery and long term operations and maintenance services to ensure consistent delivery with predictable results . at kbr , we deliver .

the statements in this press release that are not historical statements , including statements regarding future financial performance , are forward - looking statements within the meaning of the federal securities laws . these statements are subject to numerous risks and uncertainties , many of which are beyond the company ' s control that could cause actual results to differ materially from the results expressed or implied by the statements . these risks and uncertainties include , but are not limited to : the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies ; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings ; the scope and enforceability of the company ' s indemnities from its former parent ; changes in capital spending by the company ' s customers ; the company ' s ability to obtain contracts from existing and new customers and perform under those contracts ; structural changes in the industries in which the company operates ; escalating costs associated with and the performance of fixed - fee projects and the company ' s ability to control its cost under its contracts ; claims negotiations and contract disputes with the company ' s customers ; changes in the demand for or price of oil and / or natural gas ; protection of intellectual property rights ; compliance with environmental laws ; changes in government regulations and regulatory requirements ; compliance with laws related to income taxes ; unsettled political conditions , war and the effects of terrorism ; foreign operations and foreign exchange rates and controls ; the development and installation of financial systems ; increased competition for employees ; the ability to successfully complete and integrate acquisitions ; and operations of joint ventures , including joint ventures that are not controlled by the company .

kbr ' s most recently filed annual report on form 10 - k , any subsequent form 10 - qs and 8 - ks , and other securities and exchange commission filings discuss some of the important risk factors that kbr has identified that may affect the business , results of operations and financial condition . except as required by law , kbr undertakes no obligation to revise or update publicly any forward - looking statements for any reason .

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