Alcoa Awarded Industrial Peace Prize by South Korea Province

NEW YORK & SOUTH KOREA--December 8, 2011: Alcoa was awarded the Industrial Peace Prize for fostering harmonious union and company relationships in the Kyung Sam Namdo Province in South Korea. Alcoa operates Changwon Precision Extrusions (CPE), a producer of hard alloy extrusions, in Changwon City, South Korea.

“I am honored to accept this award on behalf of the employees of Changwon Precision Extrusions”

The Industrial Peace Prize is given to an employer that has achieved productivity improvements through a cooperative labor relationship and positive company culture.

The award was presented to Chang-Mo Sung, CPE plant manager, by the Province's Governor DuKwan Kim. "I am honored to accept this award on behalf of the employees of Changwon Precision Extrusions," said Mr. Sung."I am proud of our employees who play an active role in our neighborhoods, and also for their dedication to create an open, high-performing work culture."

CPE is one of six extrusion facilities in the Alcoa Forgings and Extrusions business unit. It serves customers throughout Asia and the U.S. in the aerospace, military and industrial markets. CPE was created in 2002 following Alcoa's acquisition of Dooray Air Metals Company of Changwon.

About Alcoa

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 Alcoaź 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.