| Alcan Inc. (NYSE, TSX: AL) announced today that it has acquired the tobacco packaging interests of CM Printing Sdn Bhd (CMP) in Malaysia. This acquisition is a further step in Alcan Packaging’s strategy of developing its footprint in emerging economic regions. Terms of the transaction were not disclosed.
"Our major tobacco customers are investing heavily in South-East Asia and it is important for us to grow our local manufacturing presence to better serve their needs," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "The tobacco packaging business of CMP is well established and has a very skilled workforce which will enable us to support our multi-national tobacco customers in the region," she added.
Located at Rawang, Alcan Packaging Malaysia Sdn Bhd will incorporate modern equipment and infrastructure to further complement Alcan Packaging's existing tobacco and flexibles printing capability in South-East Asia.
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 70,000 people and has operating facilities in 55 countries and regions.
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