Who Owns Alcoa Wheels?
Alcoa Wheels is owned by Howmet Aerospace Inc., a leading global aerospace and industrial company. Alcoa Wheels manufactures forged aluminum wheels for heavy trucks and commercial transportation. The brand has been part of Howmet Aerospace since April 1, 2020, when Howmet Aerospace Inc. was created through the separation of Arconic Inc., and is a wholly-owned product line of the publicly traded Howmet Aerospace Inc. (NYSE: HWM).
Parent Company
Howmet Aerospace Inc.
Founded
1920
Status
Publicly Traded
Headquarters
Pittsburgh, Pennsylvania, USA
Who Owns Alcoa Wheels?
- Parent Company: Howmet Aerospace Inc.
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: NYSE: HWM
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Alcoa Wheels | Howmet Aerospace Inc. | Wholly owned |
History of Alcoa Wheels
- Founded: 1920
- Founders: Alcoa Inc. (internal development)
Alcoa Wheels traces its heritage back to the early 20th century when Alcoa Inc. (Aluminum Company of America) pioneered the use of aluminum in wheel manufacturing for commercial vehicles. The development of aluminum wheels represented a significant innovation in transportation, offering substantial weight reduction compared to traditional steel wheels. This breakthrough technology revolutionized the commercial transportation industry by enabling improved fuel efficiency and payload capacity. The pioneering work of Alcoa in aluminum wheel manufacturing established the foundation for modern lightweight transportation solutions and demonstrated the company's ability to identify and capitalize on emerging market opportunities in materials science.
Throughout the 20th century, Alcoa Wheels became the industry standard for forged aluminum wheels in heavy truck and commercial transportation applications. The brand developed a reputation for durability, reliability, and performance, with truckers requesting "Alcoa" wheels by name. The company continuously innovated in wheel design and manufacturing processes to improve performance and reduce weight, establishing itself as the preferred choice for commercial vehicle manufacturers and fleet operators. This strong brand recognition and customer loyalty reflected the superior quality and performance characteristics that Alcoa Wheels consistently delivered to the commercial transportation market.
In 2016, when Alcoa Inc. spun off its bauxite, alumina, and aluminum operations to create Alcoa Corp., the remaining company was renamed Arconic Inc. and retained the Alcoa Wheels operations as part of its Engineered Products and Forgings business. On April 1, 2020, Arconic Inc. split into two separate companies: Arconic Corporation (focused on rolled aluminum products) and Howmet Aerospace Inc. (focused on engineered products). Alcoa Wheels became part of Howmet Aerospace's Forged Wheels segment, maintaining its heritage while benefiting from enhanced focus on engineered products and aerospace applications. This corporate restructuring demonstrated the strategic value of the Alcoa Wheels brand and its alignment with high-value engineered products.
Today, Alcoa Wheels remains the number one manufacturer of aluminum wheels globally, with more vehicles driving on Alcoa forged aluminum wheels than any other brand. The company continues to innovate with products like Ultra ONE® Wheels featuring MagnaForce® alloy technology, offering some of the lightest wheels on the market. This continued innovation demonstrates Alcoa Wheels' commitment to advancing wheel technology and maintaining its leadership position in the commercial transportation wheel market. The brand's enduring success showcases its ability to combine technological innovation with practical applications that deliver real value to commercial transportation customers while maintaining its position as the industry leader.
About Howmet Aerospace Inc.
Who owns Howmet Aerospace?
Howmet Aerospace is a publicly traded company listed on NYSE (HWM) and owned by institutional investors, mutual funds, and individual shareholders. The company has no controlling shareholder and operates independently.
Is Howmet Aerospace publicly traded?
Yes, Howmet Aerospace is publicly traded on the New York Stock Exchange under ticker HWM.
What does Howmet Aerospace manufacture?
Howmet Aerospace manufactures jet engine components (turbine blades, vanes, rings), aerospace fastening systems, titanium airframe structures, and forged aluminum wheels for commercial transportation.
What is Howmet Aerospace's revenue?
In FY2024, Howmet Aerospace reported revenues of approximately $7.4 billion, up approximately 12% year-over-year, driven by strong commercial aerospace demand.
When was Howmet Aerospace founded?
Howmet's roots trace back to 1926 when Austenal was founded. The company became Howmet in 1965 and was renamed Howmet Aerospace Inc. in 2020 following its separation from Arconic Inc.
What is the CAM acquisition?
In December 2025, Howmet Aerospace announced an agreement to acquire Consolidated Aerospace Manufacturing (CAM) from Stanley Black & Decker for approximately $1.8 billion. CAM manufactures aerospace fasteners and structural components, and the acquisition is expected to strengthen Howmet's fastening systems business.
- Founded: 1926
- Headquarters: Pittsburgh, Pennsylvania, USA
- Company Type: Publicly Traded
- Stock: NYSE: HWM
Where Is Alcoa Wheels Made / Based?
- Headquarters: Pittsburgh, Pennsylvania, USA
- Manufacturing / Operations: United States, Canada, Mexico, Europe, Asia, Brazil
Frequently Asked Questions About Alcoa Wheels
Competitors to Alcoa Wheels
No direct competitors found in the same category. This could be because Alcoa Wheelsoperates in a unique market segment or we're still building our competitor database.
Howmet Aerospace Inc. Stock Information
Jobs at Howmet Aerospace Inc.
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