ALUMAX MILL PRODUCTS ANNOUNCES PRICE INCREASES.NORCROSS, Ga.--(BUSINESS WIRE)--Nov. 15, 1996---Alumax Mill Products, Inc., Hinsdale, Illinois, has announced that it is increasing common alloy sheet transaction prices by $0.05 per pound from previous levels. The increase applies to 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 (original equipment manufacturer) and distributor production orders as well as distributor depot sales. The new functional distributor discount will be 6x5 percent off Alumax Mill Products' published June 5, 1995 price schedule. The new prices apply to orders as of November 13, 1996, and shipments on or after December 2, 1996, regardless of order entry date. Alumax Mill Products 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. (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). Alumax is a world leader in aluminum with assets of more than $3.3 billion and 1995 revenues of more than $2.9 billion. Alumax 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 transportation, building and construction, packaging and consumer durables 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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