TAPS NEW MARKET OPPORTUNITIES FOR ITS ALLOY PRODUCTS
ATLANTA, U.S.A., June 11 /CNW Telbec/ - Alcan Inc. announced today that
it plans to build a world-class manufacturing facility in Tianjin, China to
provide new innovative alloy cable products to serve the Chinese market.
"We are excited about the opportunity to offer our high quality products
as reliable, cost effective solutions to China's rapidly growing commercial
construction market," said Ian Hewett, President, Alcan Cable. "I want to
express our appreciation to the Tianjin government for their support of our
efforts to establish a presence in China. We look forward to developing
relationships with the local business community and the Chinese construction
industry," he added.
Alcan plans to invest approximately US$ 40 million to build the new
manufacturing facility that will use leading-edge technology to produce
specialty alloy cable products for commercial, institutional and industrial
Alcan Cable is a leading manufacturer of aluminum cables for the utility,
residential, and commercial markets in North America.
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 World Index consecutively since 2003. For more information,
please visit: www.alcan.com.
%B NM %C 1,4,22 %D China Cable
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