Alcoa and Danieli Join to Commercialize Micromill Technology
Alcoa and Danieli Join to Commercialize Micromill Technology
Alcoa Inc. signed a letter of intent to
commercialize its Micromill technology with the Danieli Group. As part of the
agreement, Danieli will license Alcoa's intellectual property related to manufacturing
advanced Micromill products. The two companies will work together toward
selling Micromill equipment and licensing Micromill technology, and Alcoa will
provide Danieli exclusive rights to sell Micromill equipment for a limited
period of time. The partnership with Danieli will allow Alcoa to move from
pilot plant to full-scale production. To date, Alcoa has Micromill
qualification agreements with nine major automotive customers on three
continents. Additionally, Alcoa and Ford reached an agreement wherein the
latter selected Micromill material for use in its 2016 Ford F-150 trucks. Alcoa
also announced it has entered into a joint development agreement with Ford to
utilize next-generation aluminum alloys for automotive parts using Micromill
technology.
From "Alcoa, Danieli Join to
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Link: Alcoa and Danieli Join to Commercialize
Micromill Technology