ALCAN INC - Completes Acquisition of a 20 Percent Interest in the Aluminerie - Alouette Smelter
Toronto, Ontario, Apr 29, 2002 -- Alcan Inc. announced that it has completed the previously announced acquisition of the Societe generale de financement's (SGF) 20 percent interest in the Aluminerie Alouette consortium. Alouette is a first-class aluminum smelter located in Sept-Iles, Quebec with an annual capacity of 243,000-tonnes with a significant low-cost expansion potential.
Alcan is a multinational, market-driven company and a global leader in aluminum and specialty packaging with annual revenues of US$12.6 billion in 2001. 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 approximately 48,000 people and has operating facilities in 38 countries.
