18 Million Euro Investment for Pechiney Aluminium Presswerk.Business Editors PARIS--(BUSINESS WIRE)--April 12, 2001 Pechiney P.A.P. (Pechiney Aluminium Presswerk), a German subsidiary of the Pechiney Group (NYSE NYSE See: New York Stock Exchange : PY), specializing in aluminum profiles extrusion for the transport industry and construction markets, has announced a EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18 million investment in a new press, mainly intended for automotive applications. P.A.P. is one of the leaders on the German profiles market with annual production of 45,000 metric tons through four presses on three production sites (Crailsheim, Landau and Burg). The aluminum profiles market is experiencing fast growth, especially in the automotive sector as their use in several functions (body, suspension systems, fittings, etc.) enables manufacturers to reduce vehicle weight, leading to lower fuel consumption and therefore less greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions. The new 4,000 - 5,000 ton press, will add 12,000 tons in annual production capacity and will be particularly adapted to the profile specificities required by the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . It will come on stream in the fourth quarter of 2002 and will employ approximately 60 people when operating at full capacity. Pechiney and the automotive sector Pechiney, the world's fourth-largest aluminum producer, achieved sales of EUR 400 million in the automotive sector in 2000 for total production of 185,000 metric tons. Over the past five years, a EUR 60 million R&D budget has been earmarked for this sector. Supported by Pechiney Automotive, a structure dedicated to the motor vehicle industry, the Pechiney Group provides major European constructors (such as PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. Peugeot-Citroen, Audi, Renault and Daimler Chrysler) and major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and with unmatched expertise in casting alloys, profiles and rolled products. These products have applications in every kind of vehicle and part (hoods, wheels, doors, cylinder heads, engine blocks, etc.). Pechiney is an international manufacturer with core businesses in primary aluminum, aluminum fabricated products and high value-added packaging. Pechiney, which reported sales of 10.7 billion euros (approximately US $12 billion) in 2000, also manufactures ferroalloys and operates an international trade business. Its shares are traded on the Paris Stock Exchange; its ADRs are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion