ALCAN INC
Alcan Sells Zinc and Lead Metal Trading Business
Alcan Sells Zinc and Lead Metal Trading Business
MONTREAL, November 16/PRNewswire/ -- Alcan Inc. (NYSE: AL ; TSX:
AL) announced today that it has sold the assets of its zinc and lead
metal trading business to Trafigura Ltd., an independent commodity
trading company.
'Alcan is selling these assets as part of its strategy to exit
non-core operations,' said Geoffery E. Merszei, Executive Vice
President and Chief Financial Officer of Alcan Inc. The scope of the
transaction includes the inventories of Alcan's zinc and lead metal
trading and the commercial agreements related to the business, which
was operated through Pechiney Trading Limited (UK).
Alcan is a multinational, market-driven company and a global
leader in aluminum and packaging, as well as aluminum recycling. With
world-class operations in primary aluminum, fabricated aluminum as
well as flexible and specialty packaging, aerospace applications,
bauxite mining and alumina processing, today's Alcan is well
positioned to meet and exceed its customers' needs for innovative
solutions and service. Alcan employs 88,000 people and has operating
facilities in 58 countries and regions.
Source: Alcan Inc
For further information: Media Contact: Anik Michaud, +1-514-848-8151,
anik.michaud@alcan.com; Investor Contact: Corey Copeland,
+1-514-848-8368, corey.copeland@alcan.com; To request a free copy of
this organisation's annual report, please go to http://www.newswire.ca
and click on reports@cnw.
16 nov 04 17:04