| Alcan Inc. (NYSE, TSX: AL) announced today the purchase of a packaging manufacturing site in the Chinese Suzhou region, which will be equipped to fabricate beauty and personal care products to better serve its global customers and meet fast growing regional demand.
"This investment enables us to be better aligned with our customers’ development in these emerging markets," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "This new manufacturing base will be supported by our technical expertise and development capabilities. Our customers are looking for global suppliers who can ensure quality, service and reliability throughout the world," she added.
Alcan Packaging has signed an agreement with the local government of the Mudu New Districtfor the manufacturing site, which will initially produce plastic and aluminum packaging for make-up and skincare such as mascaras, lipsticks, compacts, cream jars and dispensers.
Production will begin in the third quarter of 2005. The plant is located on a 100,000 m2 site which could be further developed in the future. This new operation underpins Alcan Packaging’s business strategy for profitable growth aimed at maximizing value, and will be supported by its network of 12 existing plants in 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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