Montreal, Canada — Alcan Inc. (NYSE, TSX: AL) today officially opened the newest addition to its composite business and its first South American composites production facility, located in Camaçari, Bahia State, Brazil. This initiative is part of Alcan's strategy to develop this sector by leveraging its leading composite technology and expertise.
The plant was acquired as a result of a joint venture agreement concluded in April 2002 between Alcan Aluminio do Brasil Ltda and the NJK Group of Brazil.
With the investment program to install special Alcan Composite technology complete, the site has become the first South American production facility for Alcan's Alucobond® aluminum composite material.
Production has just started and capacity is expected to gradually increase to 100,000 sq. meters per month. The main markets served will be in the Mercosur region, comprised of Brazil, Paraguay, Uruguay, Argentina, Bolivia and Chile.
Alcan Composites is a global leader in specialist composites, including Alucobond®, an aluminum composite material primarily used as exterior cladding panels on commercial buildings. This strong, lightweight 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.
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