PARIS, France, June 26 /CNW Telbec/ - Alcan Inc. today announced that it
will invest in a new conversion centre in Shanghai, China to serve the
fast-growing Chinese and Asia-Pacific composites market. The new facility will
be fully operational in the first quarter of 2008.
"This new conversion centre will enable Alcan to offer leading-edge
composite core material and will allow us to improve our lead times and
services to our customers in the rapidly expanding Chinese and Asia-Pacific
wind energy, marine and mass transportation markets," said Pierre Monéton,
President, Product Market Unit, Core Materials, Alcan Composites.
The new greenfield conversion centre is under construction in the
Tangzhen industrial area in Shanghai, China. It is currently being equipped
for the transformation of AIREX(R) plastic foam and BALTEK(R) balsa-based core
materials used by fabricators to make innovative sandwich structure solutions.
In addition to the transformation capacity, the new centre will include sales
and technical services to provide Alcan's customers with local market
knowledge and expertise. When fully operational, the new conversion centre
will employ 40 people.
This investment further illustrates Alcan Composites' commitment to
value-driven growth in expanding Asian markets. Another recent example is the
acquisition of a dedicated paint line for ALUCOBOND(R) aluminum composite
material in Changzhou in April 2006 to complement an existing manufacturing
plant that was created in 1998 for Asian architectural markets.
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.
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