Jj Castings Investments Ltd

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J.J.CASTINGS INVESTMENTS (HEAT TREATMENT)LIMITED Learn more about J.J.CASTINGS INVESTMENTS (HEAT TREATMENT)LIMITED. Check the company's details for free and view the Companies House information, company documents and list of directors. UK - Wales - Caerffili - Caerphilly - Caerphilly - Morgan Jones - Morgan Jones - CF83 3. M J Casting Limited is a Public incorporated on 23 December 2010. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 887,000,000 and its paid up capital is Rs.

Howmet Aerospace Inc., (formerly Arconic Inc.)^[3][4] is an American aerospace company based in Pittsburgh, Pennsylvania. The company manufactures components for jet engines, fasteners and titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.^[5]

Howmet operates 27 facilities in the United States, Canada, Mexico, France, the UK, Hungary and Japan.

History[edit]

Before Alcoa acquisition[edit]

Howmet's roots can be traced back to 1926 with the founding of Austenal, a company which manufactured raw materials and process for dental appliances. Austenal founders, Reiner Erdle and Charles Prange worked to improve investment chrome base castings using two separate investments: The first coating, named 'protective coat', giving a smooth finish, was smothered with alcohol binder investment to obtain a correct expansion. This technology replaced gold alloy with vitallium and was popular in depression time.

During the 1930s, Austenal expanded into aircraft engine superchargers with superior castings when General Electric asked for help to improve manufacturing practices for wartime production demands.

In 1958, Howe Sound Company, a metals and mining business, acquired Austenal. In 1959, Howe acquired Michigan Steel Casting Co. (MISCO), which provided the monolithic shell process, which uses a ceramic shell with thin, strong walls to increase control of the solidification process to produce a sounder casting.

Howe became Howmet in 1965, marking a transition from a mining company to a manufacturer of precision metal products. Howmet was purchased in 1975 by Pechiney, a multinational aluminum company. In 1989, Pechiney purchased the Cercast group of companies, bringing Howmet into the aluminum casting industry.

In 1995, Pechiney sold Howmet to a joint venture between Thiokol and The Carlyle Group. By late 1997 the ownership structure of Howmet had become Thiokol owning 62%, Carlyle 23%, and the public 15%. In 1998, Thiokol changed its name to Cordant Technologies Inc.; by February 1999, Cordant owned 84.7% of Howmet.

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As Alcoa Inc. and Arconic Inc.[edit]

In 2000, Cordant sold its stake in Howmet Corp. to Alcoa, which put Howmet into its Alcoa Industrial Components unit. In 2004, Howmet was part of a merger that created Alcoa Investment Casting and Forged Products unit. In 2007, Howmet was renamed Alcoa Howmet as a division of the newly formed Alcoa Power and Propulsion unit.

On November 1, 2016, Alcoa Inc. spun off its bauxite, alumina, and aluminum operations to a new company called Alcoa Corp.^{[6][7][8][9][10][11]}

Alcoa Inc. was renamed Arconic Inc.,^[12][13][14] and retained the operations in aluminum rolling (excluding the Warrick operations), aluminum plate, precision castings, and aerospace and industrial fasteners.^{[9][10][11][15][16]} Its focus became turning aluminum and other lightweight metals into engineered products such as turbine blades for sectors including aerospace and automotive.^[17][18][19]

On January 31, 2017, the hedge fund Elliott Management Corporation launched a proxy contest against the company. Elliott publicly called for the firing of the company's CEO, Klaus Kleinfeld, citing the company's lackluster stock performance, missed profit forecasts and inefficient spending.^[20] On April 17, 2017, Kleinfeld resigned as chairman and CEO by mutual agreement with the board of Arconic, after sending an unauthorized letter to Elliott.^[21]

Jj Castings Investments Ltd Stock

On February 8, 2019, the company announced that it would split into two separate businesses.^[22] Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out. Arconic Corporation will be focused on rolled aluminium products and Howmet Aerospace on engineered products.^[23] The separation was scheduled to become effective on April 1, 2020.^[24]

Jj Castings Investments Ltd

See also[edit]

• Howmet TX - Howmet-backed turbine race car.

References[edit]

Jj Investments Llc

1. ^https://www.businesswire.com/news/home/20200806005498/en/Howmet-Aerospace-Reports-Second-Quarter-2020-Financial-Results
2. ^https://www.bloomberg.com/profile/company/HWM:US
3. ^'Arconic To Spin-Off Arconic Rolled Products on April 1'. Forbes. Feb 6, 2020. Retrieved April 10, 2020.
4. ^'Arconic Consider Job Cuts Due to Boeing 737 MAX Production Halt'. WSJ. Jan 27, 2020. Retrieved April 10, 2020.
5. ^'Markets & Product Lines Howmet Aerospace'. Howmet.com. Retrieved 2020-04-07.
6. ^DIETZ, MARGREET. 'While you were sleeping: UPDATED Oil report lifts US stocks'. NBR. NBR. Retrieved 18 April 2016.
7. ^Stevenson, Abigail. 'Cramer Remix: A surprising outlook for earnings'. CNBC. CNBC. Retrieved 18 April 2016.
8. ^Deaux, Joe. 'One Down, Two to Go for Alcoa as S&P Signals No Junk for Arconic'. Bloomberg. Bloomberg. Retrieved 25 September 2016.
9. ^ ^ab'Alcoa Inc. Board of Directors Approves Separation of Company'. Alcoa. Alcoa Inc. Retrieved 28 May 2018.
10. ^ ^ab'Arconic sells 60 percent stake in Alcoa for $890 million'. Retrieved 28 May 2018.
11. ^ ^ab'Dubious Corporate Practices Get a Rubber Stamp From Big Investors'. Retrieved 28 May 2018.
12. ^Mekeel, Tim. 'Alcoa spinoff to be named Arconic, to include Manheim Pike plant'. LancasterOnline. LancasterOnline. Retrieved 18 April 2016.
13. ^Boselovic, Len. 'New Alcoa company christened Arconic'. Pittsburgh Post-Gazette. Pittsburgh Post-Gazette. Retrieved 18 April 2016.
14. ^Hackett, Robert. 'Meet Arconic: Alcoa's Spinoff Aerospace and Auto Firm'. Fortune. Fortune. Retrieved 18 April 2016.
15. ^MILLER, JOHN W. 'Alcoa Spinoff Arconic to Focus on Aerospace, Auto'. Wall Street Journal. Wall Street Journal. Retrieved 18 April 2016.
16. ^Hall, Jason. 'Alcoa Inc Takes Steps Forward in Plans to Split'. The Motley Fool. The Motley Fool. Retrieved 25 September 2016.
17. ^Kinahan, JJ. 'Alcoa Results Forecast to Drop Ahead of Company Split'. Forbes. Forbes. Retrieved 18 April 2016.
18. ^Denning, Liam. 'Alcoa's Long Division Problem'. Bloomberg. Bloomberg. Retrieved 18 April 2016.
19. ^Deaux, Joe. 'Alcoa Processing Unit to Be Named 'Arconic' After Split'. Bloomberg. Bloomberg. Retrieved 18 April 2016.
20. ^BENOIT, DAVID. 'AInside the Activist Battle That Felled Arconic's Klaus Kleinfeld'. Wall Street Journal. Wall Street Journal. Retrieved 18 April 2017.
21. ^'Arconic CEO Klaus Kleinfeld steps down'. The Wall Street Journal. April 17, 2017. Retrieved April 19, 2017.
22. ^Cornell, Joe. 'Arconic To Split Into Two Separate Companies'. Forbes. Retrieved 2020-03-03.
23. ^Mericle, Julia. 'Arconic is splitting into two: Here's what the new companies will be named'. Pittsburgh Business Times. [03-03-2020 Archived] Check archive-url= value (help) from the original on archive-url= requires archive-date= (help).
24. ^'Arconic Inc. Board of Directors Approves Separation of Company'. WSJ. February 6, 2020. Retrieved 2020-03-31.

External links[edit]

• Business data for Howmet Aerospace Inc.: