Rochester, NY 7/31/2009 3:28:36 PM
After Hours - Alcoa, Inc. AA, Alcoa head analyze a slow recovery for US companies
Alcoa, Inc.
Klaus Kleinfeld CEO of Alcoa Inc, issued a statement on Reuters saying that US manufacturers are showing signs of coming back from the economic downturn but recovery will take time.
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"I think it will take a while for some companies to recover. They have all played the game of selling off their inventories. But they sold them down to a level that is not maintainable and that's the reason why I believe we are seeing this up tick in the US," Mr Kleinfeld further states.
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