PLANT TO PRODUCE ADVANCED HEAT-TREATED PLATES FOR AEROSPACE AND GENERAL
PARIS, France, Sept. 11 /CNW Telbec/ - 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
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
%B NM %C 1,4,18,20,22 %D ATI China Investment
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