Factset: FactSet Research Systems Inc. 2018. ("McCook") commenced an action against Alcoa, Inc., a competitor of McCook in the manufacture and sale of commercial aircraft wing components, in the Northern District of Illi- nois.In that action, McCook alleged that Alcoa interfered with McCook's customer contracts and prospective business advantage in violation of state law, that Alcoa monopolized the relevant . 12/31/1982. Reynolds borrowed $100,000 and in 1919 he purchased a small, one-story building in Louisville, Kentucky, and founded the United States Foil Company (U.S. Foil). Earlier, she served as Director, Organizational Effectiveness, developing comprehensive organizational change strategies to enable successful execution of the business strategy and change programs. Alcoa Recycling Company is incorporated to support the companys goal of enhancing sustainability by increasing its recycling activity. 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 addition to its capital investment program, the company expanded its research-and-development efforts. Alcoa successfully completes the installation of press filtration technology for bauxite residue at its Poos de Caldas refinery in Brazil. The Foundation will play a significant role in strengthening sustainability in Alcoa communities worldwide. Around this time, 30,000 workers were employed by Reynolds Metals. The beverage can with the stay-on, pull-top tab was well received in 1975. Please enable targeting cookies to watch videos. East Plant 50th Anniversary Reynolds 1959-Alcoa 2009 June 14, 1957 Ground is broken for the Reynolds Metals Company St. Lawrence Reduction Plant. 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 . History; Headquarters; Consumer products; References; Further reading; External links I. Earlier, Bill served as Chief Financial Officer of GPP. 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. 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. In 1973 a Reynolds unit pleaded guilty to charges of importing ores from Rhodesia, in violation of U.S. government sanctions against the country at the time. 00-1333. The 1,600-acre former Reynolds Metals Facility is located on the St. Lawrence River, approximately eight miles east of the village of Massena, New York. Today, we are the right company at the right time. Reynolds, Jr. had previously founded a stock-brokerage firm that would later become Reynolds Securities, which eventually merged with Dean Witter. You must click the activation link in order to complete your subscription. That company went on to be known as Alcoa. Major hazardous substances of concern include polyaromatic hydrocarbons (PAHs), aluminum, cyanide, fluoride, and polychlorinated biphenyls (PCBs) from electrical equipment. [5], Reynolds Consumer Products went public with an initial public offering on NASDAQ under the ticker symbol REYN on Friday, January 31, 2020. 13% of Reynolds Metals Company employees are Black or African American. Aluminum bottles are unbreakable, keep beer colder longer, look better and recycle better than glass containers. 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. There are 41 other people named George Cain on AllPeople. Roy has served as Alcoas Chief Executive Officer since November 2016 and took on the additional role of President in May 2017. 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. The Pittsburgh Reduction Company, eager to open new applications and enter new markets, enters the home cookware market with light, sturdy, no-rust teakettles. [1][2], On January 21, 2008, Alcoa sold its consumer unit to Rank Group Ltd. Rank's owner, New Zealand billionaire Graeme Hart, renamed Alcoa's former unit the Reynolds Packaging Group. She also served in financial management positions at Carnegie Mellon University and PNC Bank. Working with his sister Julia in a shed attached to the family home in Oberlin, Ohio, chemistry student Charles Martin Hall discovers a way to produce aluminum through electrolysis that drastically reduces its cost. Create an Account and Draft a QDRO for This Plan. Reynolds was sold to Alcoa in 2000, five years after Mr. Reynolds stepped down from its board. I am very grateful for your help.-- Gary Biviano, VP/Lead on the Alcoa/Reynolds Merger Communications Team. It was headquartered for most of its existence in Richmond, Virginia; the Modernist style Reynolds Metals Company International Headquarters was built there in 1958. Tammi is also a member of the Alcoa Executive Team, responsible for setting the strategic direction for the Company. Jeff is a member of Alcoas Executive Team, which sets strategy for the Company. Reynolds/Alcoa will begin negotiations for consent decree with EPA and DEQ in January 2007. Principal Subsidiaries: Reynolds Metals Development Company; Southern Reclamation Company; Reynolds Consumer Products, Inc.; Reynolds International Inc. The Open Database Of The Corporate World. 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. She leads a global team of HR professionals in 10 countries. You have permission to edit this article. She was Senior Vice President and General Manager of Aleris North America Rolled Products division from 2012 to 2014, responsible for over 1,800 employees at seven U.S-based aluminum mills. Control of the company was still held by the Reynolds family. Washington State Department of Ecology spokesman Dave Bennett said the U.S. Army Corps of Engineers could OK cleanup permits in the next few months to clear contaminated soil at Northwest Alloys, the former Reynolds Metals site. You can cancel at any time. Kelly began her aluminum career at Reynolds . Under the leadership of chairman and CEO Bourke the company moved into the 1990s with its focus on consumer products and on gold. As of 1980, the company was recycling almost half the number of cans it produced. 482 (N.D. Ind. 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. 3100086. At one time, the plant employed more than 300 . 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 . Sonya joined Alcoa in 1989 and held roles of increasing responsibility in communications, marketing, and government affairs. Around the same time, the same process is discovered by chemist Paul T. Hroult of France, and it comes to be known as the Hall-Hroult Process. He worked as a project manager for a rail transportation equipment company in Pittsburgh before completing his JD, cum laude, from Duquesne University in 1995. Company History: The largest aluminum manufacturer in the world, Alcoa Inc. produces aluminum and alumina for automotive, aerospace, commercial transportation, construction, packaging, and other markets. AZ USA. Since 1952, Alcoa Foundation has invested more than $700 million in Alcoa communities and is one of the largest corporate foundations in the United States. ELYSIS aluminum is produced and sold at industrial scale for the first time, representing a major milestone in advancing the ELYSIS technology invented by Alcoa. Earlier, he served as Director of Investor Relations, and before this role was Director of Corporate Treasury. 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. Annual sales: $21 billion. Privacy Policy. 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. Australia, 50% interest in a refinery in Germany and 100% interest in a Kelly began her career in 1991 with IBM. All Rights Reserved.Terms Trying to buy Reynolds Metals out from under Alcoa. He later moved to Brazil as casthouse manager in the So Luis smelter and then as the plant controller. Alcoa's Reynolds division was a leader in household baking and cooking products, which included Cut-Rite Wax Paper. During the 1960s the company continued to grow and introduce new all-aluminum products for home and industry. 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. Cowlitz County Public Utility District spokeswoman Alice Dietz said crews are currently replacing a line from the Bonneville Power Administrations Longview substation to Nippon Dynawave Packagings substation. Reproduction in whole or in part in (if applicable) for The Wall Street Journal. It has received a great deal of praise for its recycling philosophy. In 1990 Reynolds recycled 438 million pounds of consumer-generated aluminum scrap, paying out $123 million to the recycling public. It has also divested 22 assets. An aluminum smelter and cable mill ran on the property for almost 60 years, leaving contaminants like fluoride and cyanide in the soil, the state says. With the end of World War II, the company focused its direction on consumer goods and construction. From 2008 to 2010, he was General Counsel of Alcoa of Australia located in Perth, Australia. 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. Alcoa 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. . Reynolds also produces plastic products which are primarily used in its packaging and consumer products businesses. By repurposing military by-products into consumer goods, aluminum was now being marketed for its decorative appeal as well, creating a product of both functional and eye-catching qualities. 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. filed: july 15, 1949 collapsible cartons customarily made of aluminum Prior to assuming this role, Jeff was Group Counsel for Alcoa Global Primary Products from 2010 to 2014. Renato serves on the board of directors of The Tull Family Theater, a nonprofit, film-based arts organization in the northwest region of Pittsburgh. Presto produced a full range of plastic bags and wraps for both indoor and outdoor use, including freezer, sandwich, and food storage bags, along with a line of moist paper tissues and cotton swabs. Prior to assuming her current position in February 2023, Molly was Senior Vice President and Controller for Alcoa Corporation, responsible for the Financial Accounting, Financial Planning & Analysis, and Country Controllership teams from November 2019 to February 2023. In 1937, in Europe to search for new sources of raw materials, Reynolds, Sr. observed that German production capacities for aluminum were more than two times that of the combined production capabilities of the United States, England, and France. 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. Compare pay for popular roles and read about the team's work-life balance. With the demand for lighter, more fuel-efficient automobiles, the use of aluminum in U.S. cars was expected to rise during the 1990s. In line with its commitment to recycling, Reynolds set a long-term goal of recycling more plastics each year than it produces. Large quantities of wastes were generated by the plant during the production of aluminum. United States of America, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Strategy & Innovation Officer, Executive Vice President and Chief External Affairs Officer, Executive Vice President and General Counsel, Executive Vice President and Chief Human Resources Officer, Executive Vice President and Chief Operations Officer, Executive Vice President and Chief Commercial Officer, Lauder Institute International MBA program. The Reynolds Metals Company was founded in 1919 as the U.S. Foil Company in Louisville, Kentucky, by Richard S. Reynolds Sr., nephew of tobacco king R. J. Reynolds. They downloaded fact sheets, newsletter articles, and employee benefits Q&A to help them communicate to employees. To opt-in for investor email alerts, please enter your email address in the field and select at least one alert option. Alex Murdaughs Trial Lasted Six Weeks. Reynolds looked into new products and areas of manufacturing to redeploy its assets, seeking businesses that would provide higher profits and faster growth than those of aluminum. You did a masterful job of coordinating this project and have been a major contributor throughout. Prior to ERI, Kelly worked in the aluminum industry for fifteen years. 2 * McCook Metals L.L.C. lifetime. 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. All rights reserved. Dating back to 1886, we launched an industry with our world-changing discovery that made aluminum an affordable and vital part of modern life. Four sons of founder Richard S. Reynolds, William G. Reynolds, Richard S. Reynolds Jr., David P. Reynolds, and J. Louis Reynolds, were all part of the running of the business. Hart merged his other packaging companies into Reynolds to create Reynolds Group Holdings. The city of Cornwall, Ontario, is two miles north of the facility, and the . Cable News Network. Like most U.S. industrial giants, Reynolds lost sales in the recession of the early 1980s. He was Chief Operating Officer for GPP, where he focused on the day-to-day operations of Alcoa's mining, refining, smelting, castings and energy businesses. Reynolds Wrap was first made by a Reynolds Metals Company division, Reynolds Packaging, a business created to supply aluminum foil for packaging tobacco. Molly obtained a BS degree in Business Administration, Accounting from Duquesne University in Pittsburgh. Reynolds built the company's first aluminum foil plant and rolling mill in Louisville, and the Reynolds Metals Company was formed. 9 hO. Molly is a member of the Alcoa Executive Team, which sets strategy for the Company. Reynolds's 25% interest in a Washington smelter and all of Reynolds's Alcoa will have to sell H->/},lZ+ue1lj8 Gl :!= !pD87;6e,b>#'|'@?H10(}v9$ 0 >/Metadata 98 0 R/Pages 671 0 R/StructTreeRoot 153 0 R/Type/Catalog/ViewerPreferences<>>> endobj 675 0 obj <>/ProcSet[/PDF/Text/ImageB]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 676 0 obj <>stream As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. 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. Reynolds owned a 56% interest in an alumina refinery in Get up-to-the-minute news sent straight to your device. 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. Her career with Alcoa spanned over a decade, with various leadership roles including Vice President of Alcoa Materials Management where she led all commercial aspects of Alcoas European primary aluminum business. At Alcoa, we believe our legacy is our call to action. Today, crews are razing buildings to prepare the property for development. Before actions were taken to address the contamination in the St. Lawrence River, polychlorinated biphenyls (PCBs) were the primary contaminant found in the St. Lawrence sediment adjacent to the Reynolds facility that could be attributed to the facility. . She joined Vista Metals in 2015 and was responsible for strategic planning, business development, finance, accounting, and metal risk management for the company. In 1992, Reynolds sold its wire and cable operations, as well as its 84 percent interest in Eskimo Pie. Our customers will expect us to be faster, brighter, more competitive and quality-conscious than ever before and we will not disappoint them.EXECUTIONIntranet Innovation Ketchum created an Alcoa Intranet site where merger documents, including advertising, were prepared and held ready for last minute changes. 673 0 obj <> endobj . Reynolds's research had helped develop technology for the manufacture of aluminum automobile drive shafts and radiators. All rights reserved. Jeff graduated from Penn State University in 1988, with a degree in Quantitative Business Analysis, and earned a Master of Business Administration Degree from the University of Pittsburgh in 1989. NJ USA. Reynolds was the last member of his family to lead Reynolds Metals, which was founded in 1919 by his father, Richard S. Reynolds Sr., and grew to become the nation's second-largest aluminum manufacturer behind Alcoa. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. She said typically wooden poles are replaced every 50-60 years, and the replacement line has a life expectancy of more than 70 years. In 2019, Renato completed the Advanced Management Program 196 at Harvard University. Alcoa works with the Pittsburgh Brewing Company to introduce easy-open aluminum pull tabs on cans of Pittsburgh Brewing's Iron City beer. Prior to that she was Director of Metal Risk Management, and Marketing Manager for Alcoa Primary Products. Most stock quote data provided by BATS. Reynolds developed aluminum siding for the booming postwar housing market. Source: International Directory of Company Histories, Vol. Earlier in his career, Bill held engineering, marketing management and business planning positions with Westinghouse and Emerson Electric. Prior to joining Alcoa, Jeff worked in a private practice as a litigation associate. At this location, Reynolds metals company employs approximately 166 people. 1000683 American Standard Manufacturing Co. Chicago. In 1946, the company leased, then purchased six government-owned production plants, and by doing so doubled its production capacity. 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 following year, Reynolds ventured outside the United States for the first time by opening a foil production plant in Havana. In addition to his business unit counseling roles, Jeff has provided legal counsel in the mergers and acquisitions area for transactions across Alcoas portfolio of businesses. 8/23/1967. If so, just fill out the short Request for Quote (RFQ) form below to get started. It was in turn leased to Philip Morris USA in 2003 and later joined by parent company Altria in 2008. aluminum concern, cleared U.S. and European antitrust hurdles and completed 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. Reynolds deduced that Germany was preparing for war, with a massive production effort in aluminum sheet used to build military airplanes.
Zarate's Daily Specials,
Pti Security Systems Vp Series Master Code,
Flight Instructor Bachelor,
Raf Halton Medical Centre Address,
Distance Between Madurai To Rameshwaram To Kanyakumari,
Articles R