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50 Fastest Growing Companies of the Year 2018

Arconic: Where More Than a Century of Innovation Takes on Engineering’s Toughest Challenges

thesiliconreview-charles-chip-blankenship-ceo-arconic-2018Arconic develops and manufactures high performance, engineered products, and solutions for the aerospace, industrial gas turbine, commercial transportation and oil and gas markets. EP&S offers unique, comprehensive capabilities, from advanced alloy and 3D printing powder development to advanced manufacturing and qualification expertise.

The company’s global footprint of manufacturing and R&D facilities are strategically located adjacent to customer clusters and in low-cost regions. The three business units are built on market leadership in the aero engine and industrial gas turbine components, aerostructures, and high-tech fastening systems.

Arconic has transformed ideas into commercial successes for more than a century. From the lightweight materials that enabled the Wright Brothers’ first flight, to the revolutionary aluminum-intensive Ford F-150, its innovations have helped create new industries and transform existing ones and is just getting started. The company continually seek out ways to advance cutting-edge technologies, such as 3D printing, which have the power to change the world. At Arconic, the management is proud to partner with forward-thinking companies to engineer products and solutions that turn today’s challenges into tomorrow’s next great innovation.

The History

Arconic is built on an extraordinary heritage of innovation that began with Alcoa’s founding in 1888. The businesses have helped to shape the aerospace, automotive and building and construction industries since the days of the Wright brothers and Henry Ford, and the first modern downtowns.

The company invented the first forged aluminum truck wheel in 1948—and by doing so, they created an entire industry. Seven decades later, Arconic is proud to be the global market leader in the forged, aluminum heavy-duty truck wheel market, holding the number one position and the helped customers around the world to increase payload while saving fuel and reducing maintenance by switching out heavy steel wheels for lightweight aluminum.

Arconic’s innovation has given rise to modern skylines from New York City to London to Shanghai. The company ranks number one position in the North American building and construction architectural framing market and a strong position in Europe. Arconic is also the market leader in aluminum curtain wall and front entry systems. From self-cleaning facades to blast-proof and hurricane resistant entrances and the company helped to bring visionary architectural ideas to life—for more modern, beautiful, secure and sustainable design.

On November 1, 2016, the company was launched as a global leader in multi-material, precision-engineered products and solutions for high-growth markets, following the successful separation from Alcoa’s bauxite, alumina and aluminum products units. Today Arconic continue to build on more than a century of innovation to help transform the way itself fly, drive, build and power.

What Does Arconic Produce?

The company is a world-class producer of aero engine and industrial gas turbine components, including airfoils, rings, disks, and forgings. Arconic excels in vacuum melted superalloys, machining, performance coatings and hot isostatic pressing for high-performance parts that enable the next-generation of quieter, more fuel-efficient aero engines and cleaner power generation.

Arconic is also a world-class producer of titanium aero ingots and mill products—and a leader in highly-engineered, multi-material structures for aircraft. The company combines metallurgical expertise in titanium and aluminum with vertically integrated manufacturing capabilities—including casting, forging, extruding, hot forming, machining, and 3D printing—to produce innovative products for the aerospace, defense, and oil and gas markets.

The company holds the number one global position in aerospace fastening systems, and Arconic is the North American leader in commercial transportation fasteners. Arconic’s high-tech, multi-material fastening systems are found the nose to tail on aircraft and aero engines. The products are also critical components of industrial gas turbines, automobiles, commercial transportation vehicles, and construction and industrial equipment.

Products Offered

Arconic offer a range of highly-differentiated aluminum sheet and plate products for the aerospace, automotive, commercial transportation, brazing and industrial markets. The company’s product portfolio is focused on innovation, such as Arconic Micromill™ technology, which produces an aluminum sheet that is 30 percent stronger than incumbent automotive aluminum, and more formable and lighter than high strength steel. The company is at the forefront of capturing growing demand for aluminum sheet as the North American auto industry shifts to light weighting.

Arconic Foundation

Arconic creates breakthrough products that shape industries and solve the customers' toughest challenges – those that require ingenuity and engineering and technical expertise from the brightest minds. Arconic Foundation supports that mission by helping to prepare tomorrow's workforce for successful, rewarding careers that advance the future of manufacturing while keeping communities strong and vibrant. 

About the CEO

Charles “Chip” Blankenship, Chief Executive Officer of Arconic: Prior to joining Arconic in January 2018, Mr. Blankenship served in senior leadership roles during a 24-year career at General Electric (GE), primarily within its aviation businesses, including aero engines, industrial gas turbines, and aerospace alloy development. He led GE Aviation’s Commercial Engines Operation, the world’s leading producer of large and small jet engines for commercial aircraft, and GE’s Aero Energy business, a division of GE Energy that supplies aero-derivative gas turbines and other products for industrial and marine applications. 

Most recently, from 2012-2017, Mr. Blankenship served as President and CEO of GE Appliances, leading a significant turnaround of that business and its subsequent sale to the Haier Company in 2016.

“From materials science that breaks the barriers of possibility, to precision engineering that solves the toughest challenges, we help transform the way we fly, drive, build and power.”

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