MONTREAL, July 15 /CNW Telbec/ - Alcan Packaging, part of Rio Tinto
Alcan, announced that its Global Beauty division has signed a Share Purchase
Agreement to acquire the Tubapak cosmetic tubes manufacturing facility in
"This acquisition illustrates our growth strategy", said Ilene S. Gordon,
president and CEO, Alcan Packaging. "It will enable us to significantly
increase our capability in the attractive Central and Eastern European
markets, allowing us to develop a competitive industrial base from which to
better serve our customers", she added.
The facility covers 7,000 m2 of production and warehousing space in the
Moscow area and manufactures plastic tubes for the Russian cosmetic and
personal care market.
"Our strategy is to accompany our global customers as they develop new
products and enter new markets. This acquisition, our first in Russia, will
enable us to meet existing supply contracts and, as we increase the plant's
capacity, to grow in this region", said François Luscan, president, Alcan
Packaging Global Beauty.
The acquisition is subject to clearance by the relevant authorities in
Alcan Packaging is a world leader in value-added specialty packaging. It
delivers multi-materials and innovative solutions to customers around the
world for the food, pharmaceutical, beauty and tobacco markets. Led by Ilene
Gordon, president and CEO, Alcan Packaging is headquartered in Paris, France.
With 129 facilities and 30,000 employees in 31 countries, it generated
US$6.2 billion revenues in 2007. For more information, please visit
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto
Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, energy (coal and
uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and
iron ore. Activities span the world but are strongly represented in Australia
and North America with significant businesses in South America, Asia, Europe
and southern Africa.
For further information:
For further information: Rio Tinto Alcan Media Relations, Paris:
Chrystele Ivins, +33-1-57-00-24-18, firstname.lastname@example.org; Rio Tinto Alcan
Media Relations, Canada: Stefano Bertolli, (514) 848-8151,
email@example.com; Alcan Packaging, Paris: Colette Chauvière,
+33-1-57-00-28-26, firstname.lastname@example.org; Alcan Packaging Beauty: Cécile
Tuil, +33-1-49-68-61-85, email@example.com;