SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 19, 2000
ALCOA INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 1-3610 25-0317820
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
201 Isabella Street, Pittsburgh, Pennsylvania 15212-5858
(Address of principal executive offices) (Zip code)
Office of Investor Relations 412-553-3042
Office of the Secretary 412-553-4707
(Registrant's telephone number including area code)
Item 5. Other Events.
The Registrant issued the following press release on January 19, 2000:
PITTSBURGH, January 19, 2000 - Alcoa announced today that it will
restart approximately 200,000 metric tons per year (mtpy) of its
currently idled aluminum smelting capacity. Alcoa plans to bring this
capacity into production over the course of the year and to have the
full 200,000 mtpy in production by year end. Alcoa will have
approximately 250,000 mtpy of aluminum smelting capacity that remains
idle following this restart.
The capacity to be restarted is located at smelters that are
currently in production in Australia and the United States. Due to
the company's continuing implementation of the Alcoa Production
System, Alcoa expects minimal, if any, increase in employment
because of the capacity restart. The company noted that the
alumina for the restarted capacity will be sourced by Alcoa World
Alumina's supply network.
President and CEO Alain Belda said that "Alcoa is taking this
action due to continued strong demand in the U.S. and in other
parts of the world." He added that the company will continue to
review market conditions under which additional idle capacity can
be returned to production. According to Mr. Belda, "Alcoa's ability
to produce primary aluminum profitably at lower costs is being
significantly enhanced by the rapid deployment of our Alcoa
Production System."
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the following authorized officer.
ALCOA INC.
By /s/Timothy S. Mock
Date: January 19, 2000 Timothy S. Mock
Vice President
and Controller
