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): June 22, 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 412-553-2231
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 June 22, 2000:
PITTSBURGH, June 22, 2000 - Alcoa Inc. announced that it has
learned of a CSFB report, issued today and authored by Tom VanLeeuwen, which
discusses new technology in the aluminum smelting process.
Given the uncertainty and risk involved in any new technology, it has
been Alcoa's policy not to comment on pre-commercial developments until
trials are completed.
But, in light of this report, Alcoa confirmed that it has been working
on new developments in inert anode technology and that the United States
Patent and Trade Office has granted the company patents related to these
advanced smelting process technologies.
Assuming the technology proves to be commercially feasible, the company
believes that it will be able to convert its existing potlines to this new
technology, resulting in significant operating cost and capital investment
savings. The new technology will also generate substantial environmental
benefits in the form of reduction and elimination of certain emissions.
Alcoa confirmed that the inert anode technology is currently being
evaluated in commercial cell trials at an Alcoa plant, and the trials are
producing encouraging results.
Testing is continuing and no timetable has been established for
commercial use.
Alcoa is the world's leading producer of primary aluminum, fabricated
aluminum and alumina. It is active in all major segments of the industry:
mining, refining, smelting, fabricating and recycling. Alcoa has over 300
operating locations in 36 countries. Revenues for 1999 were $16.3 billion.
Some of the statements included in this news release may be forward-looking.
Actual results may differ materially from those projected. Factors such as
changes in economic conditions in the markets we serve, or others discussed
in our latest quarterly and annual reports filed with the Securities and
Exchange Commission, could cause actual results to differ materially from
those expressed.
ALCOA INC.
By /s/Richard B. Kelson
Date: June 22, 2000 Richard B. Kelson
Executive Vice President
and Chief Financial Officer
