Alcoa ‘managing for cash,’ flexibility, finance chief says
Nov 08, 2012 | 12:34 PM
| Andrea Hotter
NEW YORK Alcoa Inc. is committed to its investment-grade rating and entered 2012 "managing for cash," the aluminum producers executive vice president and chief financial officer said.
Chuck McLane told investors at a New York briefing that Alcoas cash sustainability program has helped the company achieve a net debt reduction of 30 percent since 2008.
Net debt fell to $7.43 billion last year from $9.82 billion in 2008, he said. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.