ALCAN
Alcan to re-start 60,000 tonnes of aluminium production
Alcan to re-start 60,000 tonnes of aluminium production in British
Columbia
Montreal, Canada - Alcan Inc. (NYSE, TSE: AL) today announced that it
will re-start 60,000 tonnes of idled aluminium production capacity at
its Kitimat smelter in northern British Columbia, Canada bringing the
production to 240,000 tonnes. The Company cited aluminium market
conditions and an improved outlook for water levels in the Nechako
Reservoir as reasons for restoring production.
Alcan had reduced its Kitimat smelter production in December 2000 and
again in June 2001, from an annual production rate of 277,000 tonnes
to 180,000 tonnes, in response to a critical water shortage in the
Nechako Reservoir, which supplies water to Alcan's power generating
station at nearby Kemano, B.C.
The re-start is scheduled to begin in August 2002.
Alcan is a multinational, market-driven company and a global leader in
aluminium and specialty packaging with 2001 revenues of US$12.6
billion. With world-class operations in primary aluminium, fabricated
aluminium 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.
Media Contact: Marc Osborne +1-514-848-1342
Investor Contact: Jo-Ann Longworth +1-514-848-8368
14 jun 02 08:40