| Alcan will make an initial investment of US$10 million in the Indian flexible packaging market. The Company will build and equip a new flexible packaging facility in the BHEL Industrial Park in Haridwar, Northern India. The Alcan Packaging facility will supply the rapidly growing Indian food and personal care markets.
“This investment, the first for Alcan Packaging in India, demonstrates the Company’s continuous commitment to investing and growing in emerging markets by anticipating its customers’ expanding needs in the region,” said Ilene Gordon, President and Chief Executive Officer, Alcan Packaging.
“Alcan Packaging is building a strong regional manufacturing position together with its customers,” said Jean-Paul Meausoone, President, Alcan Packaging Food Asia at a ceremony at the future packaging facility’s site in India. “By creating a local manufacturing presence in India, Alcan Packaging Food Asia will enrich its Asian portfolio, to better serve customer needs and deliver reliable, innovative and high quality packaging materials and solutions,” he added.
In Asia, Alcan is present in 10 countries with 27 sites, employing 6,500 people. The new site in Haridwar is expected to be operational in the Q4, 2007.
Alcan Inc. (NYSE, TSX: AL) is a leading global materials company, delivering high quality products and services worldwide. With world-class technology and operations in bauxite mining, alumina processing, primary metal smelting, power generation, aluminum fabrication, engineered solutions as well as flexible and specialty packaging today’s Alcan is well positioned to meet and exceed its customers' needs. Alcan is represented by 65,000 employees in 61 countries and regions, and posted revenues of US$20.3 billion in 2005. The Company has featured on the Dow Jones Sustainability World Index consecutively since 2003. For more information, please visit: www.alcan.com.
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