Alcoa Acquires Engineered Plastic Components.Business Editors MATTAWAN, Mich. & FRANKLIN, Tenn.--(BUSINESS WIRE)--March 1, 2002 Alcoa (NYSE NYSE See: New York Stock Exchange :AA) and Engineered Plastic Components, Inc. (EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). ) announced today that Alcoa Fujikura Ltd. (AFL AFL: see American Federation of Labor and Congress of Industrial Organizations. ), an Alcoa business, has acquired 100% ownership of EPC. This acquisition will make EPC the centerpiece of AFL's growing automotive components business and will provide EPC with the means for continued growth as an automotive components supplier. AFL Automotive is one of the top five global suppliers of electrical distribution systems and components. EPC is a major supplier of precision molded plastic components and assemblies for use in electrical systems for 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. as well as selected products for telecommunications and medical use. Robert T. Alexander, president of AFL Worldwide Automotive, said, "EPC is an outstanding organization and an excellent company. This acquisition provides AFL with the opportunity to consolidate our other component companies with EPC into a single business unit. Overall, this supports AFL's strategy of providing higher value to a broader range of customers with new products integrating more functions and capability." Ronald A. Molitor, president of EPC, stated, "This creates a great opportunity for both EPC and AFL to continue our growth and secure a prosperous future for our companies and employees." EPC is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001, ISO14000, QS9000 and VDA VDA Vendor Driven Architecture VDA Verband Der Automobilindustrie E.V. (German Automobile Industry Association) VDA Virginia Department for the Aging VDA Ovda, Israel (Airport Code) VDA Visual Data Analysis 6.1 registered firm that produces injection molded plastic components and assemblies for use in electrical and electronic systems for the automotive industry and in selected applications for telecommunications and medical markets. Formed in 1986, EPC's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. facility is located in Mattawan, MI. In 1995, EPC Europe began operation in Dundalk, Ireland to better serve its growing European customer base. EPC employs approximately 800 people worldwide. Alcoa is the world's leading producer of primary aluminum, fabricated aluminum, and alumina. Among its related businesses are precision castings, fiber optic cables, and electrical distribution systems for cars and trucks. It has 129,000 employees in 38 countries. AFL is a joint venture between Alcoa Inc. and Fujikura Ltd. of Japan. Alcoa is the majority owner of AFL. It is a global full service supplier of electrical/electronic distribution systems and electronic components in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. AFL employs approximately 40,000 people in its worldwide automotive business. www.Alcoa.com |
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