Alcoa Wins Long-Term Siemens Contract to Supply Blades and Vanes for Heavy-Duty Gas Turbines
Alcoa (NYSE: AA) today announced that Alcoa
Power and Propulsion (APP) has signed a long-term agreement with
Siemens Energy to supply blades and vanes for a wide range of industrial
gas turbines. Siemens Energy is one of the world′s leading suppliers of
products, solutions and services in the energy technology field.
Contract terms were not disclosed.
Alcoa parts made in the U.S. and Europe will be used in, among others,
the Siemens F-Class turbine which generates enough power to supply the
energy needs of a city of 300,000 residents.
'Alcoa′s blades and vanes operate in the most demanding section of the
turbine, where temperatures sometimes exceed the melting point of the
casting and the rotational rate exceeds the speed of sound,? said
Andreas Fischer-Ludwig, Director of Global Blades & Vane Business at
Siemens Energy. 'But even in that severe environment, Alcoa technology
keeps the castings working optimally, which is crucial to our global
customers who need to generate electricity dependably.?
'We are pleased that Siemens Energy recognizes the value Alcoa′s
expertise in investment casting brings to building efficient and durable
power generation equipment,? said Allen Zwierzchowski, Vice President,
APP. 'As a global leader in investment castings, we are well-positioned
to support demand for industrial gas turbines as power suppliers use
greater amounts of low-priced natural gas to produce electricity.?
The Alcoa contract builds upon a 30-year relationship with Siemens and
provides the opportunity to collaborate on technology to further improve
industrial gas turbine performance.
About Alcoa Power and Propulsion
Alcoa Power and Propulsion, a major business unit of Alcoa, is a global
leader in airfoil and structural investment castings. Serving the
aerospace, defense, energy and industrial markets, its products are
primarily used in jet engines and industrial gas turbines. Additional
value-added products and services include hot isostatic pressing,
high-temperature coatings, titanium ingot and specialty investment
casting materials. With 25 production facilities, Alcoa Power and
Propulsion employs more than 9,000 people worldwide.
About Alcoa
Alcoa is the world′s leading producer of primary and fabricated
aluminum, as well as the world′s largest miner of bauxite and refiner of
alumina. In addition to inventing the modern-day aluminum industry,
Alcoa innovation has been behind major milestones in the aerospace,
automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa ? wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa′s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for 11 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 31
countries across the world. For more information, visit www.alcoa.com
and follow @Alcoa on Twitter
at twitter.com/Alcoa.
Alcoa
Investor Contact
Kelly Pasterick, 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media
Contact
Libby Archell, 212-836-2719
Libby.Archell@alcoa.com
or
Alcoa
Engineered Products & Solutions
Monica Orbe, 212-836-2632
Monica.Orbe@alcoa.com