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On Feb. 8, 2019, Arconic Inc. announced its decision to split itself into two separate companies: Engineered Products & Forgings and Global Rolled Products (GRP). The two businesses will focus on, respectively, the production of finished parts and the production of sheet. The company says it is considering the sale of operations and assets that do not fit its new organizational model. Also, it has reduced its dividend from $.06/share to $.02/share.
The forging industry will meet in Cleveland for the third consecutive time at Forge Fair 2019. The new Huntington Convention Center will host the biennial event May 21-23, 2019.
