ALUMAX ELECTS A NEW BOARD MEMBER AND TWO COMPANY OFFICERS.NORCROSS, Ga.--(BUSINESS WIRE)--Dec. 9, 1996--Alumax Inc. (NYSE NYSE See: New York Stock Exchange : AMX AMX American Motors Experimental AMX Aeromexico Aerovias de Mexico (ICAO code) AMX Air Mobility Express AMX Amberjacks (FAO fish species code) AMX Alabama Motor eXpress ; Toronto: AXI AXI Automated X-Ray Inspection (electronics) AXI Association Xpertise Inc (Calgary, AB, Canada) AXI Ada to X-Window System Interface ) today announced the election of a new member of the board of directors and the election of two company officers. George P. Stoe was elected to the Alumax board of directors. He is executive vice president and continues to be responsible for the company's primary aluminum and semi-fabricated products operations. Eugene R. Greenberg was elected a vice president of Alumax Inc. by the Alumax board. Mr. Greenberg continues his responsibilities as president of Alumax Materials Management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , Inc. Jay M. Linard also was elected a vice president of Alumax Inc. by the Alumax board. Mr. Linard continues his responsibilities as president of Alumax Extrusions, Inc. Alumax Materials Management, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alumax Inc. This business unit is responsible for sales of primary aluminum, metal hedging activities, coordinating long-term customer contracts and corporate-wide traffic for Alumax's semi-fabricated products operating group, and for determining long-term primary and scrap aluminum purchase requirements for the group. Alumax Extrusions, Inc. is a wholly owned subsidiary of Alumax Inc. Alumax Extrusions has the world's largest soft-alloy extrusion manufacturing capability, nearly one billion pounds of annual capacity, with 12 plants strategically located throughout the United States, Mexico and Australia. Alumax Inc. is a world leader in aluminum with assets of more than $3.3 billion and 1995 revenues of more than $2.9 billion. The company produces and markets primary aluminum ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. , billet and slab and is a major fabricator of value-added aluminum products for the building and construction, transportation, packaging and consumer durables Consumer durables Consumer products that are expected to last three years or more, such as an automobile or a home appliance. consumer durables See durable goods. industries. CONTACT: Alumax Thomas R. Hagley (Media) 770/246-6642 Fax: 770/246-6691 or R. Daniel Loh (Investors) 770/246-6752 Fax: 770/246-6691 |
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