President of Alcoa Building and Construction Outlines Key Green Building Solutions and Initiatives
NEW YORK--Alcoa (NYSE:AA) today participated in the White House Better Buildings Roundtable, contributing to the national dialogue on how public-private partnerships can advance the green building sector, drive innovation and stimulate economic growth.
Glen Morrison, President, Alcoa Building and Construction Systems, took part in the Roundtable as part of the Company’s commitment to the Better Buildings, Better Plants Challenge, a U.S. Department of Energy initiative aimed at making commercial buildings 20 percent more energy efficient by 2020 and accelerating private sector investment in energy efficiency.
“Last year, the buildings in which we work and live used roughly 40 percent of the energy in the U.S. economy at a cost of over $400 billion,” said Mr. Morrison.
“Through a variety of efficiency improvements we can make these buildings more energy efficient, while creating jobs and building a stronger economy.”
Non-residential green building activity is expected to triple between 2010 and 2015, according to McGraw-Hill Construction’s Green Outlook 2011: Green Trends Driving Growth. Alcoa Building and Construction Systems is capturing this opportunity by bringing innovative solutions to market, and in the last year has had a record number of patents either issued or in process.
Recently announced Alcoa innovations include OptiQ™ Ultra Thermal Windows, developed with the support of a grant from the U.S. Department of Energy; the Kawneer product suite of high-performing curtain wall systems, energy-saving sunshades and hurricane-resistant framing solutions; and Reynobond® with EcoClean™, the first coil-coated architectural building panel that cleans itself and the air around it.
Alcoa has joined President Obama’s Better Buildings, Better Plants Challenge to improve energy efficiency in commercial and industrial buildings across the country. The Company is implementing an enterprise-wide energy reduction initiative to decrease energy use in its Global Primary Products division by 10 percent and its other businesses by 20 percent by 2020.
Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.
About Alcoa Building and Construction Systems
Alcoa Building and Construction Systems is a leading supplier of architectural systems, services and building products to the global construction market, serves customers throughout North America, Europe, North Africa, Asia and the Middle East. Included in this business is the Kawneer brand of architectural aluminum building products and systems, the Alcoa Architectural Products business, which sells the Reynobond® and Reynolux® brands of aluminum composite materials, and Alcoa Architectuursystemen NL, which designs, develops and sells aluminum profile systems for windows, doors, sliding patio doors, conservatories and curtain walls throughout Europe. President of Alcoa Building and Construction Systems, Mr. Glen Morrison, is widely regarded as a leading thinker on the integration of building products and design solutions and was recently named an honorary Senior Fellow of the Design Futures Council, an interdisciplinary network of U.S. design, product and construction leaders looking to advance innovation and shape the future of the commercial building industry.
Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements involving known and unknown risks and uncertainties that may cause actual results, performance or achievements of Alcoa to be different from those expressed or implied in the forward-looking statements. These statements may be identified by the use of predictive, future-tense or forward-looking terminology, such as “expects,” “is expected,” “intends,” “plans,” “should,” “will,” or other words of similar meaning. All statements that reflect Alcoa’s expectations, assumptions, or projections about the future other than statements of historical fact are forward-looking statements, including, without limitation, forecasts concerning aluminum industry growth or other trend projections, including expectations of growth in non-residential green building activity, anticipated financial results or operating performance of Alcoa or its businesses, and statements about Alcoa’s strategies, objectives, goals, targets, outlook, and business and financial prospects. Important factors that could cause actual results to differ materially from those in the forward-looking statements include: (a) material adverse changes in aluminum industry conditions, including global supply and demand conditions and fluctuations in London Metal Exchange-based prices for primary aluminum, alumina, and other products; (b) unfavorable changes in general business and economic conditions, in the global financial markets, or in the markets served by Alcoa, including without limitation the building and construction market; (c) Alcoa’s inability to achieve the level of energy efficiency or reduction in energy use anticipated from its products, processes, innovations, technology and other initiatives; (d) changes in competitive conditions, including developments in technology, actions by competitors, and innovations in products; and (e) the other risk factors summarized in Alcoa's Form 10-K for the year ended December 31, 2010 and other reports filed with the Securities and Exchange Commission. Alcoa disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.