Alain Belda
Alain Belda
Alain J. P. Beldais an American businessman that has been a Managing Director of Warburg Pincus since 2009. Previously he was the Chairman of the Board of Alcoa from January 2001; he was Chief Executive Officer from January 2001 until May 2008...
affected costs energy environment higher pricing reduced results
A reduced upstream pricing environment and higher energy costs affected out results this quarter.
capture demand last strategic
As demand for aluminum strengthens, we will capture the efficiencies generated by last year's strategic restructuring of our operations,
continue current economic half improving second trends
If economic trends solidify, we should continue to see improving profitability over the second half of the year, even at current aluminum prices,
became below continued decline earnings fall likely markets third
However, as these markets continued to decline in the third quarter, it became likely that even with our efforts, third-quarter earnings will probably fall below the 2000 second-quarter level.
best job offer protection
That is the best long-term job protection we can offer all of our employees.
effects great last quarter throughout year
It was a great quarter by any measure. We did not have significant one-time effects as we did throughout the year last year.
benefit consumer continued current expects forward fourth move packaging program recent strength
As we move forward to the fourth quarter, Alcoa expects to benefit from the current strength in aluminum prices, the continued integration of our recent acquisitions, the cost-reduction program and the seasonal strength of our packaging and consumer business,
depressed extremely fourth lower metal overall proven quarter result weak
The fourth quarter has proven to be extremely challenging as a result of lower volumes, depressed metal prices, and overall weak downstream markets.
higher operating prices quarter resulted strongest
The combination of operating efficiencies and higher prices resulted in the strongest quarter Alcoa has ever had,
company future mortgage
I will not mortgage the future of the company.
aggressive costs energy flowing impact materials offset raw speed
We have an aggressive productivity program, but it has not offset the impact of escalating costs in energy and raw materials and the speed at which they are flowing through.