Alcan signs joint venture agreement for greenfield hot rolling mill in China
12 9월 2007 - 6:30AM
PR Newswire (US)
PLANT TO PRODUCE ADVANCED HEAT-TREATED PLATES FOR AEROSPACE AND
GENERAL ENGINEERING MARKETS PARIS, France, Sept. 11
/PRNewswire-FirstCall/ -- Alcan today signed a joint venture
agreement with Dingsheng Aluminium, a privately owned Chinese foil
producer, to set up a greenfield facility in Zhenjiang, Jiangsu
province, in China. Alcan is the majority partner in the project.
The new world-class facility will produce heat-treated aluminum
plates for the fast growing aerospace and general engineering
markets. "Today's signing marks a major milestone in Alcan
Engineered Products' continued expansion into the Chinese market.
This is a major project that will reinforce our leadership position
in the growing aluminum plate market and as a global leader in
providing innovative solutions to our key customers. We are very
appreciative of the support of the Jiangsu province, and are
confident that this new joint venture will be a success," said
Christel Bories, President and Chief Executive Officer of Alcan
Engineered Products. "This new state-of-the-art facility
underscores Alcan's position as a key supplier of innovative
aluminum products for the rapidly expanding aerospace and general
engineering markets," said Jean-Philippe Cael, President of Alcan's
Aerospace, Transportation and Industry group. The facility, which
is subject to approval by the Central Chinese Government and will
also require final approval by Alcan's Board, will produce aluminum
plates with advanced patented alloys and will strengthen Alcan's
position in the heat-treated plate markets, specifically in the
aerospace sector where these plates are used in the wings and
fuselages of airplanes. The new facility will also serve the
general engineering markets; including, equipment for
semi-conductors, home appliances, and plastic injection molds to
produce automotive parts. Alcan Inc. (NYSE, TSX: AL) is a leading
global materials company, delivering high quality products and
services worldwide. With world-class technology and operations in
bauxite mining, alumina processing, primary metal smelting, power
generation, aluminum fabrication, engineered solutions as well as
flexible and specialty packaging today's Alcan is well positioned
to meet and exceed its customers' needs. Alcan is represented by
68,000 employees, including its joint-ventures, in 61 countries and
regions, and posted revenues of US$23.6 billion in 2006. The
Company has featured on the Dow Jones Sustainability Indexes
consecutively since 2003. For more information, please visit:
http://www.alcan.com/. Statements made in this press release which
describe the Company's intentions, expectations or predictions may
be forward-looking statements within the meaning of securities
laws. By their nature, forward-looking statements involve risk and
uncertainty; the Company's actual results or actions could differ
materially from those expressed or implied in such forward-looking
statements. Reference should be made to the Company's latest
Quarterly Report on Form 10-Q for a summary of factors that could
cause such differences. %B NM %C 1,4,18,20,22 %D ATI China
Investment DATASOURCE: ALCAN - EN CONTACT: Media Contact: Chrystele
Ivins, +33 1 57 00 24 18, ; Anik Michaud, (514) 848-8151, ;
Investor Contact: Ulf Quellmann, (514) 848-8368,
Copyright