In 2010, he received the Chartered Financial Analyst designation from CFA Institute. All the lifting and transferring of raw materials was a costly and inefficient way to manufacture foil. Prior to that she was Director of Metal Risk Management, and Marketing Manager for Alcoa Primary Products. He said work could begin next spring and crews would need two dry seasons to complete the cleanup. Create an Account and Draft a QDRO for This Plan. Soils show elevated levels of fluoride and polycyclic aromatic hydrocarbons (PAHs) and total petroleum hydrocarbons (TPHs), and . From the beginning of the U.S. space program, Alcoa alloys and propellants help make many space milestones possible, from the first manned flight and the first moon landing to the 1980s Space Shuttle and International Space Station programs. It has also divested 22 assets. A power line built in 1975 which serves NORPAC, Weyerhaeuser, Nippon Dynawave Packaging and Westlake is also being replaced along Industrial Way, near the former Reynolds Metals site. Like most U.S. industrial giants, Reynolds lost sales in the recession of the early 1980s. [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. AZ USA. Messages focused on the strengths, histories and values of both companies, and included prepared articles for use in plant publications, to customizable letters for community leaders. She also established the Companys privacy office in response to the implementation of GDPR. Reynolds also produces plastic products which are primarily used in its packaging and consumer products businesses. Sign up for our newsletter to keep reading. [3]
Alcoa Inc. and Reynolds Metals Company announced today that the U.S. Department of Justice and the European Union have approved their proposed merger and . Advertising. . The Personal Touch A whirlwind three-stop Day One tour by top executives, who met with hundreds of employees at Alcoas headquarters in Pittsburgh, Pa., at the Reynolds Metals HQ in Richmond, Va., and at Reynolds facility in Massena, N.Y. No. Alcoa's bold $4.4 billion acquisition of Reynolds Metals, its chief rival for most of the 20 th century, delivered a powerful message to Wall Street and the company's worldwide workforce - the potent combination of Alcoa and Reynolds creates a stronger global competitor that is poised to achieve new levels of growth. In 1938 R.S. Alcoa has acquired 25 companies. Printed materials were also available on a CD ROM in any of 11 languages. Come for the cinnamon rolls, but stay for the peanut butter cookies, salted caramel apple cupcakes and more. Reynolds recognized the advantages of using lighter-weight, less-expensive aluminum foil. During the 1920s most foil for packaging was made of lead and tin alloys. From June 2014 to October 2015, Roy was Executive Vice President, Human Resources, Environment, Health & Safety and Sustainability. 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. Reynolds expanded its holdings worldwide, and in 1953 the company organized Reynolds International, Inc. in an effort to consolidate and further expand foreign operations. Tammi is a Fellow of the Chartered Institute of Personnel and Development and obtained a Master of Arts degree in Human Resources and Strategy (2004) and a Global Masters in Business Administration from Manchester Business School (2010). Influence 4 Infocom 1 [click on the rating for the method or on the number for the data] Earlier in his career, Bill held engineering, marketing management and business planning positions with Westinghouse and Emerson Electric. Already a member? Messages focused on the strengths, histories and values of both companies, and included prepared articles for use in plant publications, to customizable letters for community leaders. PRovoke Media picks out 15 people from the marketing communications and PR worlds who are worth keep Three years of dramatic instability suggested a more downbeat Davos, but public relations pros will Intelligence and insight from across the PR world. Northwest Alloys. The Reynolds Metals Company International Headquarters is an International Style building complex set in a composed landscape near Richmond, Virginia, completed in 1958. . In 1994, Reynolds purchased the aluminum and stainless steel products distribution business of Prime Metals. Large quantities of wastes were generated by the plant during the production of aluminum. and/or its affiliates. Found 91 colleagues at Reynolds Metals Co Inc. Suite 500
Tammi is also a member of the Alcoa Executive Team, responsible for setting the strategic direction for the Company. Though he failed in his effort to buy the company, losing out to metals giant Alcoa Inc., Lynch is back in the news again. in tight supply, and the price has nearly doubled since last year. ALCOA CORPORATION (Delaware (US), 10 Mar 2016 - ) Before the ink . He believed new aluminum-producing facilities would need to be built to meet demand. Reynolds Metals Company was founded in 1919 by R.S. 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. 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. Intranet Innovation Ketchum created an Alcoa Intranet site where merger documents, including advertising, were prepared and held ready for last minute changes. Reynolds Group Holdings was a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world. The company was founded by R.S. At Alcoa, we believe our legacy is our call to action. The production equipment was, therefore, installed in long rows, which eliminated the need for the expensive transporting of the product. The Open Database Of The Corporate World. Here's a rundown on a combined Alcoa-Reynolds Metals and the terms of Alcoa's agreement with the U.S. Department of Justice. Hart later closed five other plants within Reynolds. By using its well-established marketing, sales, and distribution organizations, Reynolds was able to add new products without increasing employment. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Disappointing sales in 1996, due to low aluminum prices and lower demand for some of its products, led to yet another company restructuring. Other end-uses for Reynolds products are aluminum beverage cans, flexible and foodservice packaging, consumer home food managment, transportation, building, and construction. Alcoa's common stock is listed on the New York Curb Exchange, forerunner of the American Stock Exchange. The Reynolds Metals Company facility in Troutdale, Oregon, was a primary aluminum reduction plant. 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 . The company began producing aluminum foil for packaging in 1926. As Assistant General Counsel, Jeff was responsible for the management and integration of the international legal functions of the company in Russia, China, Europe, Australia and Latin America. At this location, Reynolds metals company employs approximately 166 people. [10], In an initiative led by Paul D. Thomas, Reynolds Packaging Group chief executive officer and a former Alcoa executive, on September 21, 2008, Reynolds announced that one of the foil plants that produced Reynolds Wrap, in downtown Richmond, Virginia, would be closed and foil operations moved to Louisville, Kentucky, where Reynolds Wrap first was produced. No, You Cant Build Here. I am very grateful for your help.-- Gary Biviano, VP/Lead on the Alcoa/Reynolds Merger Communications Team. ALCOA absorbed the assets of Reynolds Metals in 2000, but the Massena plant remained operational until March 2014. 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. Video Vision Camera crews filmed Day One events, enabling Ketchum to generate managed media coverage and produce a merger video that was distributed for employee screenings.Its a WrapFull-page advertisements celebrating the merger were placed in media outlets that would reach analysts, investors, shareholders and employees, including The New York Timesand The Wall Street Journal. In this role, he oversaw extensive restructuring of the upstream business with an emphasis on optimizing the groups centers of excellence (COEs), including the launch of the mining COE. The former RMC facility, which is not part of the site, was addressed under New York state authorities. The city of Cornwall, Ontario, is two miles north of the facility, and the . Reynolds Group Holdings was a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world.Reynolds Metals was acquired by Alcoa in June 2000. 12/31/1982. Reynolds built the company's first aluminum foil plant and rolling mill in Louisville, and the Reynolds Metals Company was formed. The Company serves customers in the aluminum fabricating, packaging and consumer, commercial construction, distribution, and . Current work at the former Reynolds Metals Company site in the 4000 block of Industrial Way is not the cleanup efforts, but the demolition of buildings by the current company to make way for future projects, as well as nearby routine power pole replacements by the local utilities district. Reynolds chose the location because of the abundant supply of competitively-priced hydropower and next-door customer General Motors. In 1993 Reynolds underwent a restructuring that included reducing alumina production and aluminum production by 21 percent, and sold its aluminum reclamation plant in Benton Harbor, Michigan. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. Sign up to Stock Advisor for $79 for 1 year, Save 15% on orders of $100+ with Kohl's coupon, The Tax Play That Saves Some Couples Big Bucks, Amazon Pausing Construction of Washington, D.C.-Area Second Headquarters. In 1995, NYSDEC issued a ROD amendment calling for off-site disposal of highly contaminated soils and sediments and on-site disposal of lesser contaminated soils and sediments. Molly Beerman is Executive Vice President and Chief Financial Officer. As part of this role, he oversaw the Alcoa Foundation, one of the largest corporate foundations in the U.S. During his Alcoa career, Roy has held a variety of operating and financial assignments across the U.S., Europe and Latin America. Crews on Monday work along Industrial Way near Northwest Alloys. Prior to the separation of Alcoa Inc. into two separate companies, he was Executive Vice President and President of Alcoa's Global Primary Products (GPP) business from October 2015 to November 2016. The company continued to offer new products to the marketplace. The latter site was selected because the Reynolds plant plays an important role in the community of Massena and its economy. Finally, we can read about how these great companies came about with Company Histories.. William F. (Bill) Oplinger is Executive Vice President and Chief Operations Officer of Alcoa, responsible for the daily operations of the Companys global bauxite, alumina, and aluminum assets. However, decline for beer beverage cans was continuing, and another can-making plant was closed in Fulton, New York. To opt-in for investor email alerts, please enter your email address in the field and select at least one alert option. Long-form journalism that analyzes the issues, challenges and opportunities facing the PR business. Prior to the separation of Alcoa Inc. into two companies, Molly was Director, Global Shared Services Strategy and Solutions. Molly is a certified public accountant and began her career with the Pittsburgh office of Deloitte. Akwesasne, NY 13655 Reynolds metals company is located in Malvern, Arkansas, and was founded in 2011. Natural Resource Damage Assessment and Restoration Program, Portland, OR | (503) 231-6179 | http://www.fws.gov/oregonfwo/, If you have any problems, suggestions, or comments about our website please notify DOINRDAR@ios.doi.gov. combination, with certain conditions aimed at limiting Pittsburgh-based (if applicable) for The Wall Street Journal. R.S. Alcoa works with the Pittsburgh Brewing Company to introduce easy-open aluminum pull tabs on cans of Pittsburgh Brewing's Iron City beer. Today, Alcoa is part of both the World and North American DJSI Indexes. It will serve as the companys headquarters for more than 40 years. By 1988 Reynolds had cut the number of employees by one-third and reduced by almost 25 percent its production costs, reversing the drain on company profits. Discover Alcoan innovations that changed the world. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. In 1931, the company moved its headquarters to New York City and in 1938 the headquarters moved again to Richmond, Virginia. Reynolds Wrap was first made by a Reynolds Metals Company division, Reynolds Packaging, a business created to supply aluminum foil for packaging tobacco. Reynolds published cookbooks such as Outdoor Cooking with Reynolds Wrap (1950) and Casual Cooking (1954) in an attempt to promote the sales of Reynolds Wrap. Saint Regis Mohawk Tribe (SRMT) tribal lands, known as Akwesasne (Land Where the Partridge Drums), are located to the east and Route 37 and the Grasse River are situated to the south and west, respectively. The U.S. Army Corps of Engineers has to approve the permits because work will be done near the Columbia River diking system and in and around wetlands, he added. Gaines said Northwest Alloys is keeping its critical infrastructure around areas like its road sand dock, as well as rail loading and unloading areas and storage silos. Prior to joining Alcoa, Jeff worked in a private practice as a litigation associate. We open a world of design possibilities with aluminum . hbbd``b`f KSb%) D| DXS+[
X@P #dF? Reynolds Metals Co., 1991. RMC, under a Consent Order with NYSDEC, agreed to investigate the contamination at the facility; this investigation excluded the St. Lawrence River. Alcoa expands the Sustana line of products with the introduction of EcoSource, the industrys first low-carbon, smelter-grade alumina brand. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. All rights reserved. St. James Press, 1998. rardttir, R., "Aluminum production waste mapping - A case study of the Icelandic aluminum industry," 30 ECTS thesis, School of Engineering and Natural Sciences University of Iceland . In 2010, he was named Corporate Finance Manager in Sao Paulo, leading the corporate controllership, corporate treasury, capital expenditure and internal control areas for Latin America and Caribbean region. With the demand for lighter, more fuel-efficient automobiles, the use of aluminum in U.S. cars was expected to rise during the 1990s. One market that did show promise, though, was bridge deck replacement, and in 1996 Reynolds renovated the Corbin suspension bridge in Huntingdon County, Pennsylvania. In tribute, Reynolds donated $1 million to Meals on Wheels. He earned a bachelors degree in Industrial Engineering and Operations Research from Virginia Tech and a Master of Science with honors in Industrial Administration from Carnegie Mellon University. Aluminum is an essential element in powering a global, sustainable economy. Reynolds' Metals was acquired by Alcoa in 2000, and the 35-acre former headquarters campus and buildings were picked up by the University of Richmond in 2001 for a mere $8 million. In 1976 David P. Reynolds, also known for his involvement in Thoroughbred horse racing, took over as president. [5] Reynolds marketed aluminum foil as gift wrap, aluminum yarn for Vogue dress patterns, and even extended their advertising strategy to include wrapping their office headquarters in aluminum.[5]. 0
Alcoa bought the Reynolds Metals Co. and its Longview aluminum plant, located west of Longview, in 2000. Alcoa (F/K/A Reynolds Metals) Phoenix. Alcoa successfully completes the installation of press filtration technology for bauxite residue at its Poos de Caldas refinery in Brazil. David P. Reynolds, a metals manufacturing executive who helped bring aluminum foil and aluminum beverage cans into the American kitchen, died on Monday in Richmond, Va. Reynolds ceased operations in 2000, and the facility is currently owned by ALCOA. Reynolds ceased operations in 2000, and the facility is currently owned by ALCOA. The site received 20,702 total hits, registering orders for or downloads of more than 10,000 brochures, 3,700 wallet cards, 2,700 posters, 47 printer-ready CDs in 11 different languages, and 200 employee videos. Even with smaller cans, recycling them and other aluminum products was achieving record levels. During the 1960s the company continued to grow and introduce new all-aluminum products for home and industry. Alex Murdaughs Trial Lasted Six Weeks. Previously, Tammi served as Vice President, Compensation and Benefits, leading the global compensation and benefits function in the planning, design, and administration of the Companys global compensation and benefits programs, as well as overseeing the human resources aspects of mergers, acquisitions, and divestitures. 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. [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. Reynolds closed the 1950s with a move to a new, modern corporate headquarters in suburban Richmond, Virginia. Alcoa is selected as a component of the Dow Jones Sustainability Index, one of the most highly recognized and long-standing global sustainability indexes. Reynolds, Jr. was named the company's new president in 1948. 804-281-2000. The PR industrys most comprehensive listing of firms from every region and specialty. The Foundation will play a significant role in strengthening sustainability in Alcoa communities worldwide. On a hill overlooking the Allegheny River and Alcoa's production facility along its banks in Pittsburgh, the company builds a campus-like facility dedicated to finding new aluminum applications, testing its performance and improving production processes. In early 2010 all pay was unfrozen. Earlier, he served as Director of Investor Relations, and before this role was Director of Corporate Treasury. Reynolds invested more than $400 million in Alabama to ensure its position as a world-class producer of aluminum-can stock and can-end stock. Molly is a seasoned financial executive having worked in strategic positions that require a combination of technical accounting, process improvement and technology expertise. In 1992, Reynolds sold its wire and cable operations, as well as its 84 percent interest in Eskimo Pie. Ethical rating of Reynolds Metals Co. , group ALCOA (Aluminum Company Of America) and subsidiaries Labor 2 Jobs-27% /1998 Pollution 1 Fraud 1 Offshore 8 Sales 31 Bn $. /year Profit 12 Bn $. /1998 Wage 433 *min. The Alcoa-Reynolds merger will raise Alcoa's market share to nearly 59 percent of North American CGA production, enhancing Alcoa's ability and incentive to exercise market . 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. Reynolds, Jr. had previously founded a stock-brokerage firm that would later become Reynolds Securities, which eventually merged with Dean Witter. Alcoa purchased the land from Reynolds Metals that year. The newly purchased Reynolds plant in Kentucky, however, was all on one floor, at ground level. Effective April 1, 1997, the company was organized into six global units, down from its former 20 operating units, that would focus on the most profitable aluminum markets around the world. He has deep experience leading Alcoas finance function, having overseen for treasury, pension, tax, controllership, financial planning and analysis, audit, investor relations and transformation. Sign In. Just hours after three foreign rivals announced a $9 billion deal to form the world's largest aluminum company, industry leader Alcoa Inc. went public with an offer to buy Richmond-based Reynolds . . You can sign up for additional alert options at any time. All times are ET. More than 5 million people in 56 markets heard the news through the VNR broadcast. You may cancel your subscription at anytime by calling He is also a Director of Alcoa Corporation. CA USA. The former RMC facility . Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. 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. There was a problem saving your notification. Today the company is the world's third largest aluminum and packaging company. She also oversees the Alcoa Foundation. The work is not part of the state-requested cleanup of contaminated soil, which officials say could begin next spring. The company also sold its 40 percent interest in Australia's Boddington Gold Mine, but was to exit the gold business altogether the next year. At Alcoa, we believe our legacy is our call to action. Find out what works well at Reynolds Metals/Alcoa from the people who know best. You can cancel at any time. Reynolds Metals was acquired by Alcoa in June 2000. %%EOF
Source: International Directory of Company Histories, Vol. [5], In 1958, the company launched the "Designs for Giving" campaign, in which professional artists and designers were hired to create special patterns for gift wrapping. Prior to merging with Alcoa in 2000, Reynolds Metal stood as the third largest aluminum company in the world, and wielded major brand recognition among consumers for its main foil product, Reynolds Wrap. We feel that the views of the reader are as important as the views of the writer. In 1980, 51 percent of its Jamaican assets and operations and all of its Jamaican land holdings were sold to the Jamaican government. USA. Alcoa 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. Reynolds has been involved in an impressive recycling effort since 1968. The board of directors of Reynolds Metals Co. voted unanimously Sunday to reject Alcoa Inc.'s $5.6 billion offer for the company, but left itself open to a new bid from Alcoa or another suitor. The company also acquired a bauxite mining operation in Arkansas to help feed the smelters. NRD . lifetime. Alcoa's largest acquisition to date was in 2000, when it acquired Reynolds Metals for $4.5B. Alcoa conducts operations in 10 countries. Reynolds Metals Company leased, and later bought, six government defense plants that were up for disposal. The company has developed new process technologies in aluminum-lithium casting, electromagnetic casting, and various techniques in automation. What Reynolds' shareholders . In 2019, Renato completed the Advanced Management Program 196 at Harvard University. Previously at Alcoa Inc., Bill served as Chief Operating Officer for Alcoa Global Primary Products (GPP) responsible for day-to-day operations of its five businesses mining, refining, smelting, casting and energy. With an unrivaled foundation of operational excellence, we've spent more than a century refining our processes to develop next-generation technologies that shape how we live, build, move and fly. Principal Operating Units: Packaging and Consumer Products; Construction and Distribution; Transportation; Metals and Carbon Products; Bauxite and Alumina; Cans. We see them around but we don't know what goes on behind the scenes. That company went on to be known as Alcoa. In line with its commitment to recycling, Reynolds set a long-term goal of recycling more plastics each year than it produces. The 1,600-acre facility is bordered on the north by the St. Lawrence River and on the south by the Raquette River. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section. As demand for the new metal grows, Alcoa moves its operations from Pittsburgh to nearby New Kensington, where it scales up to produce aluminum ingots as well as fabricated aluminum products. Roy graduated with honors from The Wharton School of Business, University of Pennsylvania, simultaneously earning masters degrees in International Business and Corporate Finance as a fellow of the Lauder Institute International MBA program, and holds a bachelors degree in Mining Engineering from Columbia University. Today, we are the right company at the right time. Kelly leads customer-focused commercial strategies across the bauxite, alumina, and aluminum markets, as well as Alcoas global procurement function. After 30 years working in hot and smoky conditions at Reynolds Aluminum's anode tender, Tom Henderson felt he earned his retirement in 1998. In addition, Bill previously held key corporate financial positions in Financial Analysis & Planning and as Director of Investor Relations. reynolds metals company trademarks. She joined Vista Metals in 2015 and was responsible for strategic planning, business development, finance, accounting, and metal risk management for the company. Before coming to Alcoa, Roy was Corporate Manager of Environmental Affairs at Greenstone Resources Ltd., a gold mining company based in Central America. Renato was appointed Executive Vice President and Chief Strategy Officer in February 2022 and was previously Senior Vice President and Treasurer of Alcoa Corporation from November 2019 through January 2022. Reynolds Metals Co. on Thursday accepted a sweetened $4.4-billion, all-stock bid from Alcoa Inc., the world's top aluminum producer, swiftly ending a hostile takeover in the long-depressed industry. Reynolds Group Holdings become Pactiv Evergreen through an IPO in 2020. In addition to its environmental advantages, recycled aluminum requires only five percent of the energy that would be used to produce aluminum from virgin materials. Other RMC-related contaminants that were found in the St. Lawrence River sediment included aluminum, furans, and polyaromatic hydrocarbons (PAHs). Prior to the separation of Alcoa Inc. into two publicly-traded companies in 2016, Bill had been Executive Vice President and Chief Financial Officer, a position he assumed in 2013. . Aluminum production resumed from 1998 to 2000. . If so, just fill out the short Request for Quote (RFQ) form below to get started. The beverage can with the stay-on, pull-top tab was well received in 1975. He later moved to Brazil as casthouse manager in the So Luis smelter and then as the plant controller. 1978) June 6, 1978. Reynolds' motion asks the Court to decide three issues: (1) whether Reynolds had an unrestricted right to an item included in gross income for tax years 1940 through 1987; (2) whether Reynolds is entitled to a deduction for tax years 1992 through 1995 because Reynolds did not have an unrestricted right to the earlier item of gross income; and . 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?