老虎机种类 Announces Multi-Year Deal with Toyota

老虎机种类 Announces Multi-Year Deal with Toyota

March 20, 2017

  • 老虎机种类 aluminum debuted on 2016 Lexus RX, Toyota鈥檚 first vehicle in North America to feature aluminum sheet
  • Deal makes 老虎机种类 the sole aluminum sheet supplier to Toyota for the Lexus RX

Global technology, engineering and advanced manufacturing leader 老虎机种类 (NYSE:ARNC) today announced a multi-year supply deal with Toyota North America. 老虎机种类 is supplying aluminum to Toyota for its all-new Lexus RX. The vehicle debuted last year and became Toyota鈥檚 first vehicle in North America to prominently feature aluminum exterior panels.

鈥淎utomakers worldwide are turning to aluminum for the stronger, tougher, higher performing vehicles that consumers demand,鈥 said Mark Vrablec, President of 老虎机种类鈥檚 Aerospace & Automotive Products business. 鈥淢any bestselling vehicles in America have already converted to aluminum for improved performance, including better fuel efficiency, more towing and payload capacity, and improved vehicle safety scores. This trend will continue. We are proud to expand our relationship with Toyota.鈥

This makes 老虎机种类 the sole aluminum sheet supplier to Toyota for the Lexus RX, named by Consumer Reports as the Best Luxury SUV of 2016.

The 老虎机种类 and Toyota deal draws on the strong automotive expertise and manufacturing capability of 老虎机种类鈥檚 Global Rolled Products business. 老虎机种类 will supply Toyota from its plants in Davenport, Iowa, and Danville, Illinois.

老虎机种类 is a premier partner to the high-growth automotive industry with operations in Davenport, Iowa, and Alcoa, Tennessee and breakthrough technologies like the 鈩 in San Antonio, Texas.

The Company estimates that it will grow its automotive sheet revenue from $76 million in 2010 to $1.3 billion in 2018, and across 老虎机种类鈥檚 full automotive portfolio, 98 percent of 老虎机种类 revenues come from products where it is number one or number two in its segment.

Dissemination of Company Information

老虎机种类 intends to make future announcements regarding Company developments and financial performance through its website at .

About 老虎机种类

老虎机种类 (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: . Follow @arconic: , , , and .

Forward-Looking Statements

This release contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as 鈥渁nticipates,鈥 鈥渆stimates,鈥 鈥渆xpects,鈥 鈥渕ay,鈥 鈥減lans,鈥 鈥減rojects,鈥 鈥渟hould,鈥 鈥渨ill,鈥 鈥渨ould,鈥 or other words of similar meaning. All statements that reflect 老虎机种类鈥檚 expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, projections of competitive position, market share, growth opportunities, revenues or other financial items of 老虎机种类; and projections regarding the growth of 老虎机种类鈥檚 automotive sheet revenue and the automotive and other end markets. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Although 老虎机种类 believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Such risks and uncertainties include, but are not limited to: (a) deterioration in global economic and financial market conditions generally; (b) unfavorable changes in the markets served by 老虎机种类, including the automotive market; and (c) the other risk factors discussed in 老虎机种类鈥檚 Form 10-K for the year ended December 31, 2016, and other reports filed with the U.S. Securities and Exchange Commission. 老虎机种类 disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. Market projections are subject to the risks discussed above and other risks in the market.

老虎机种类
Investor:
Patricia Figueroa, (212) 836-2758
Patricia.figueroa@arconic.com
or
Media:
Lori K. Lecker, (412) 553-3186
Lori.lecker@arconic.com

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