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Alcan spins off units into new company.

Publication: Metal Center News
Publication Date: 01-JUL-04
Format: Online - approximately 500 words
Delivery: Immediate Online Access
Full Article Title: Alcan spins off units into new company.(Metal Industry News)

Article Excerpt
Alcan Inc., Montreal, announced May 18 it intends to pursue a spin-off to its shareholders of substantially all of the rolled products businesses held by Alcan prior to its acquisition of Pechiney. The proposed distribution will create the world's largest aluminum rolled products company, as measured by revenue and production volume.

Alcan will continue to focus on developing its portfolio of alumina and primary aluminum businesses as well as its high value-added specialty packaging,...

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