Alcan restart production inBC
14 Juni 2002 - 9:00AM
UK Regulatory
RNS Number:2400X
Alcan Inc
13 June 2002
Press Release
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FOR IMMEDIATE RELEASE
ALCAN TO RE-START 60,000 TONNES
OF ALUMINUM PRODUCTION IN BRITISH COLUMBIA
MONTREAL, CANADA - June 13, 2002 - Alcan Inc. (NYSE, TSE: AL) today announced
that it will re-start 60,000 tonnes of idled aluminum production capacity at its
Kitimat smelter in northern British Columbia, Canada bringing the production to
240,000 tonnes. The Company cited aluminum 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 aluminum
and specialty packaging with 2001 revenues of US$12.6 billion. With world-class
operations in primary aluminum, fabricated aluminum 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.
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Media Contact: Marc Osborne
+1 (514) 848-1342
Investor Contact: Jo-Ann Longworth
+1 (514) 848-8368
This information is provided by RNS
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