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San Uk Grp.perp | LSE:BB32 | London | Bond |
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RNS Number:4051V Alcan Inc 1 May 2002 Press Release --------------------------------------------------------------------- FOR IMMEDIATE RELEASE Alcan to Open its First South American Composite Plant Montreal, Canada - May 1, 2002 - Alcan Inc. (NYSE, TSE: AL) today announced that with the acquisition of Alcotex Tecnologia Industrial Ltda's facilities in Camacari, Bahia State, Brazil, the Group is set to open its first South American composite plant. Following additional investment, this plant will become the newest production site for Alcan's composite business. This initiative is part of Alcan's strategy to grow this sector utilising its leading composites technology and expertise. A new company, Alcan Composites Brasil S.A., has been established to oversee this new activity, which will be a joint venture between Alcan Aluminio do Brasil Ltda and the NJK Group of Brasil. The plant is expected to begin producing Alcan's Alucobond(R) material by mid-2002 with an eventual capacity of approximately 100,000 sq. meters per month. The plant will primarily serve the markets of the Mercosur region comprised of Brazil, Paraguay, Uruguay, Argentina, Bolivia and Chile. Alcan Composites is a global leader in specialty composites. Alucobond is an aluminum composite material primarily used as exterior cladding panels on many types of commercial building. This lightweight, strong and rigid material is made with two sheets of .020" aluminum bonded to a thermoplastic core. The finished material can be coated with a variety of state-of-the-art paint finishes. Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with 2001 revenues of US$12.6 billion. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 48,000 people and has operating facilities in 38 countries. -30- Media Contact: Marc Osborne +1 (514) 848-1342 John Gardner +41 1 386-2155 Investor Contact: Serge Michaud +1 (514) 848-8368 This information is provided by RNS The company news service from the London Stock Exchange
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