US aluminium and specialist alloys manufacturer Alcoa has settled a dispute with joint venture (JV) partner in Alcoa Worldwide Alumina and Chemicals (AWAC), Australian company Alumina Inc, over a plan to separate its upstream and downstream business segments.
New York-based Alcoa and Melbourne-based Alumina have agreed to make certain changes to the AWAC agreement that will clear the way for Alcoa’s separation, while also terminating litigation related to Alcoa’s separation.
