Arconic

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Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Its products are used worldwide in aerospace, automotive, packaging, oil and gas, building and construction, defense, commercial transportation, consumer electronics, and industrial applications. The business today known as Arconic was originally part of Alcoa Inc. The name Arconic was first used in 2016 when Alcoa Inc. was separated into two companies, Alcoa Corporation and Arconic Inc. Arconic Inc. was further separated in 2020 into Howmet Aerospace Inc., focused on engineered products, and Arconic Corporation, focused on rolled aluminium products. On August 18, 2023, private equity firm Apollo Global Management completed the acquisition of Arconic. In 2024, the official inquiry into the 2017 Grenfell Tower fire in London, which killed 72 people, identified Arconic cladding as "by far the largest contributor" to the disaster. The company was found to have deliberately concealed the known fire risks, with the company's president, Claude Schmidt, admitting that Arconic obtained safety certification for the cladding in the UK through a "misleading half-truth."