Arconic Spin Off of Global Rolled Products Business
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At first, we started as a subsidiary of Alcoa that was created to create specialty flat rolled products. I was tasked with writing about how we grew from a subcontractor to a separate company in about three years. I did it in a conversational and human way, with no definition, no instructions, no robotic tone. After researching the topic and making some initial assumptions about the company, I came up with the basic structure for my case study and then filled it out with examples and data points to support my analysis. We started out as a
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As per the latest news, Arconic Inc. The defense contractor is spun off its Global Rolled Products Business to form a new business that will be named Arconic Performance Materials (APM). This was announced on May 1, 2016 and the news was confirmed by Arconic CEO, Joe Cutrufo. Based on the latest news, Arconic Spin Off of Global Rolled Products Business will see major changes. There will be no interruptions in the product production and there is no
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The world’s third-largest steelmaker Arconic’s spin-off from the global rolled product (GRP) unit has received final approvals from stockholders, the company said. The move is designed to separate the spinoff into a private company focused solely on the growth of its GRP activities from Arconic’s business portfolio. Arconic shares jumped 2% at $22.73 in premarket trading. The move comes a year after Arconic filed for an initial public offering
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For many years Arconic has had its hands in many different parts of the industrial supply chain. As the largest aerospace company, with over $7 billion in annual revenue, the company is not as relevant in the automotive sector. In 2011, the company announced that it will spin off its Global Rolled Products business to a company controlled by its shareholders, in an effort to return the company to sustainable growth. For the most part, the company will remain in Pittsburgh, Pennsylvania, under the direction of Arcon
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The Arconic spin-off of Global Rolled Products Business was an exciting step for our company. Our customers were demanding that we focus on our core products, and as a company we recognized the importance of growing our global market presence. As a result, we launched Arconic’s first spin-off – Global Rolled Products, a new operating company. The spin-off created a unique entity with 44 locations and 21 brands and helped us realize our goal of becoming a global leader in industrial solutions. Our focus on market segmentation and
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Dear Reader, My name is Javier Rodriguez and I’m a freelance writer. I’ve been working for the last five years on online education. I’ve also published some books on self-help and business writing. Arconic Spin Off of Global Rolled Products Business In recent years, there have been several spin-offs in the US market. Companies have created new businesses to cash in on the innovation trend. One such innovation trend is in the commercial aerospace