Pittsburgh Has Dim View Of Ads On Sign Above Point

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The sign in question is to the right of the tall building and the incline. Looks like a cement wall next to the trees on the cliff. Actually a billboard.

Picture this scrolling hundreds of feet above the iconic confluence of Pittsburgh’s three rivers: “Chipped ham, $1.39 a pound.”

That’s the plot Mayor Bill Peduto says his administration has foiled as it negotiates a new permit with Lamar Advertising for the company’s famous 32-foot-tall, 225-foot-long neon sign on Mount Washington, which has loomed over the Point since around the time of the 1929 stock market crash that triggered the Great Depression.

Bayer, which for years had pushed for upgrades to the dilapidated sign that was covered with a banner during the G-20 summit in 2009 like an embarrassing piece of furniture, finally dropped its nearly 22-year lease of the sign last summer. Lamar pledged to overhaul it. During its lifespan, the sign has also been graced by the sponsorship of Iron City Beer and Alcoa, and displayed the time and the temperature.

Mr. Peduto said Friday that the company is threatening to cease the improvements over his administration’s insistence that the sign not be used for advertising purposes beyond displaying a company name. Mr. Peduto said he was told his stance “killed” a deal with Giant Eagle to become the new sponsor.

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http://www.post-gazette.com/local/city/2015/05/23/Pittsburgh-has-dim-view-of-ads-on-sign-above-Point/stories/201505230071

Logans Ferry Demolition Could Bring Development Possibilities

With the demolition of what once was Alcoa’s Logans Ferry Powder Works, Plum will lose a historic touchstone but could gain a new foothold to the borough’s future.

A real estate company that bought the 20-acre industrial site in 1987 when Alcoa idled the plant recently began to raze more than a dozen brick buildings moldering at the base of Coxcomb Hill Road.

Alcoa moved its powder works to Plum in 1918 after the aluminum powder it produced sparked an explosion at the New Kensington Works the prior year. It was the first of three explosions associated with powder production in Alcoa’s New Kensington and Plum facilities that killed 17 people, the last in 1979.

During its 68 years of existence, the plant produced powder that gave automotive paint its sparkle, added durability and cooling properties to roof coatings, and was used as a base in rocket fuel, dynamite and fireworks.

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Alcoa May Close Or Sell Some Aluminum Plants To Cut Costs

Alcoa Inc. may close or sell 14 percent of its smelting capacity and 16 percent of its refining capacity in a move to lower costs in the face of falling aluminum prices and higher production in China.

New York-based Alcoa, which has significant operations in Pittsburgh, said it will review high-cost operations across its global system of aluminum production facilities over the next 12 months.

Read more: http://triblive.com/business/headlines/7914995-74/aluminum-capacity-percent#ixzz3TcpomCh1
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Higher Aluminum Prices Help Alcoa

Map of Pennsylvania highlighting Allegheny County

Map of Pennsylvania highlighting Allegheny County (Photo credit: Wikipedia)

One of Alcoa’s biggest initiatives in recent years has been shuttering outdated, inefficient smelters and focusing on more lucrative downstream markets like aerospace and automotive.

Just as that strategy is bearing fruit with the introduction of the aluminum-intensive Ford F-150 pickup truck and long-term supply agreements with Boeing and Pratt & Whitney, strengthening aluminum prices are making Alcoa’s aluminum production business less of a poor stepchild and more of a diamond in the rough.

Aluminum spot prices reached $2,100 per metric ton recently, up from as low as $1,700 earlier in the year, according to Morningstar analyst Andrew Lane.

Read more: http://www.post-gazette.com/business/2014/09/20/Higher-aluminum-prices-help-Alcoa/stories/201409200040

Alcoa Has Profitable Third Quarter

English: HABS No. PA-6724-2. View of entrance ...

English: HABS No. PA-6724-2. View of entrance to ALCOA Building from southwest. ALCOA Building (a.k.a. Regional Enterprise Tower), 425 Sixth Avenue, Pittsburgh, Allegheny County, Pennsylvania. Entrance pavilion built of glass and aluminum. Design by Harrison and Abramovitz. (Photo credit: Wikipedia)

Alcoa today reported a small profit in the third quarter, saying productivity improvements offset lower sales and falling aluminum prices.

The company said it earned $24 million, or 2 cents per share, on sales of $5.77 billion vs. a loss of $143 million, or 13 cents per share, and sales of $5.83 billion in the year-ago quarter.

The results included $109 million in after-tax restructuring charges related to shutting down smelters in the face of a glut in aluminum supply. Alcoa said it has idled 274,000 metric tons of high-cost capacity in the last five months.

Read more: http://www.post-gazette.com/stories/business/news/alcoa-has-profitable-third-quarter-706729/#ixzz2hARy0Nrl

Liquefied Gas Exports Would Boost Growth

LNG is a commonly used acronym for liquefied natural gas, essentially natural gas that is put into liquid form, often for the purpose of transportation.

For international trade, LNG is sent in insulated tanker ships using refrigeration that keeps the liquefied natural gas at a chilly -260 degrees Fahrenheit.  Global shipments travel to receiving terminals on a daily basis where pipelines are then used to provide this clean-burning energy source to homes, schools, businesses and government buildings.  More receiving terminals are being built around the world each year.

In the U.S. there is growing debate over LNG exports, some of which could come from the Marcellus and Utica shale formations found in Pennsylvania, West Virginia and Ohio.

The Energy Information Administration estimates that in just three years natural gas supply could exceed demand, allowing the U.S. to be a net exporter of LNG.  Bipartisan support for such exports has grown to include local and national politicians; most recently, more than 100 members of the House of Representatives signed onto a letter to Department of Energy Secretary Steven Chu that asked the Obama administration for advance LNG exports without delay.

Read more: http://www.post-gazette.com/stories/business/opinion/liquefied-gas-exports-would-boost-growth-674067/#ixzz2KQCyPyV4