Alcoa bullish on aero, auto demand

Apr 09, 2014 | 10:17 AM | Michael Cowden

Tags  Alcoa, Klaus Kleinfeld, aerospace, automotive, Boeing, Airbus, Ford Motor, F-150 Novelis

CHICAGO — Alcoa Inc. doesn’t expect cyclicality in the aerospace market for the next decade and is more concerned with having enough capacity to meet automotive demand than about overcapacity.

The Pittsburgh-based aluminum producer’s bullishness about aerospace comes as orders for large commercial aircraft are up, with backlogs at Chicago-based Boeing Co. and Toulouse, France-based Airbus SAS standing at 10,675 aircraft, Alcoa chairman and chief executive officer Klaus Kleinfeld said during a conference call with analysts following the release of earnings results April 8, noting that the figure represents more than eight years worth of orders.

"I would say that at least for the next six to 10 years, the cyclicality is probably not going to happen," he said, noting that average prices for aircraft are also on the rise.....

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