ALCAN
Alcan Committed to its Packaging Business
Alcan Committed to its Packaging Business
MONTREAL, December 15/PRNewswire/ --
Alcan Inc. (NYSE, TSX: AL) announced today that recent reports
stating that its Packaging business is for sale are false.
'It is Alcan's practice to not comment on rumours, but we find
that we must do so at this time, since recent speculation is not only
wrong but could also be damaging to the interests of our customers,
employees and shareholders,' said Travis Engen, President and Chief
Executive Officer of Alcan. 'Our Packaging business is not for sale
and any speculation to the contrary is unfounded. It is a high
value-added, high-growth business that will continue to create value
for our shareholders,' he added.
'Alcan is focused on continuing the integration of the Company's
and Pechiney's Packaging businesses, which is on schedule and
proceeding well.' concluded Mr. Engen.
Alcan is a multinational, market-driven company and a global
leader in aluminium and packaging, as well as aluminium recycling.
With world-class operations in primary aluminium, fabricated aluminium
as well as flexible and speciality 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
Media contact: Anik Michaud, +1-514-848-8151,
media.relations@alcan.com; Investor contact: Corey Copeland,
+1-514-848-8368, investor.relations@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 dec 04 09:30