On Tuesday, Shares of Alcoa Inc. (NYSE:AA), gained 2.42% to $9.72.
Alcoa is expanding its R&D center in Pennsylvania to accelerate the development of advanced 3D-printing materials and processes. Alcoa will produce materials designed specifically for a range of additive technologies to meet increasing demand for complex, high-performance 3D-printed parts for aerospace and other high-growth markets such as automotive, medical and building and construction. The $60 million expansion is under construction at the Alcoa Technical Center, the world’s largest light metals research center near Pittsburgh, Pennsylvania.
“Alcoa is investing in the next generation of 3D printing for aerospace and beyond,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Combining our expertise in metal alloys, manufacturing, design and product qualification, we will push beyond the limits of today’s additive manufacturing. This investment strengthens our leadership position in meeting fast-growing demand for aerospace components made using additive technologies.”
Demonstrating this integrated strategy, the Company recently unveiled its Ampliforge™ process, a technique combining advanced materials, designs and additive and traditional manufacturing processes. Using the Ampliforge™ process, Alcoa designs and 3D-prints a near complete part, then treats it using a traditional manufacturing process, such as forging. The Company has shown that the process can enhance the properties of 3D-printed parts, such as increasing toughness and strength, as compared to parts made solely by additive manufacturing. Further, the Ampliforge™ process significantly reduces material input and simplifies production relative to traditional forging processes. Alcoa is piloting the technique in Pittsburgh and Cleveland.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum.
Shares of MetLife, Inc. (NYSE:MET), inclined 2.53% to $49.07, during its last trading session.
MetLife Solutions Group (MLSG), the complete financial solutions provider for individuals, families, employees, and business owners, recently declared that the firm will commemorate the opening of its new headquarters in the Iselin section of Woodbridge Township with a ribbon-cutting ceremony on September 10, 2015 from 4:00 – 7:30 PM. The opening of the MetroPark hub is a milestone for MetLife Solutions Group, an office of MetLife and a part of the MetLife Premier Client Group, and follows the strong growth the firm has practiced recently after implementing a planned focus on team development and serving specific members of the local community.
The consolidation of separate offices into one centralized hub was driven by demand from the Baby Boomer population of Central New Jersey, the ability to provide more career options for women after seeing them thrive in the MLSG environment, and greater opportunity to match the diverse communities the firm serves.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, Autodesk, Inc. (NASDAQ:ADSK), ended its last trade with 3.17% gain, and closed at $46.81.
Autodesk declared that after July 31, 2016, new commercial licenses of most Autodesk Design & Creation Suites and individual products will be available by subscription only. When this takes effect, the company will provide new, simplified subscription options so customers can access multiple products and share licenses as they do recently — while gaining the simplicity, accessibility, and flexibility of subscription.
Subscription offers a simplified customer experience, lower upfront cost and the ability to pay-as-you-go for Autodesk products and cloud services with multi-year, annual, quarterly or monthly subscription terms. As a result, companies can adjust more nimbly and with less cost to shifting business environments.
Earlier this year, Autodesk communicated that it will stop selling perpetual licenses of most individual products after January 31, 2016, with new licenses for these products available as subscriptions. Transitioning the remaining majority of Autodesk’s product portfolio — counting Autodesk Design & Creation Suites — to an entirely subscription-based offering represents the next step in this shift.
Autodesk, Inc. operates as a design software and services company worldwide. The company’s Architecture, Engineering and Construction segment offers Autodesk Building Design Suites to manage various phases of design and construction; Autodesk Revit products that provide model-based design and documentation systems; Autodesk Infrastructure Design Suites; AutoCAD Civil 3D products that offer a surveying, design, analysis, and documentation solution; and AutoCAD Map 3D software, which offers direct access to data needed for infrastructure planning, design, and administration.
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