Alcoa Completes Acquisition of Pechiney's Bright Products Business.PITTSBURGH, Pa., U.S.A. and PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. , France--(BUSINESS WIRE)-- April 7, 1999--Alcoa and Pechiney announced today that Alcoa has completed the acquisition of the bright products business of Pechiney's Rhenalu rolling plant located at Castelsarrasin near Toulouse, France. The two companies had signed a letter of intent last October. Terms were not disclosed. The bright products business will become a part of the Flat Rolled Products segment of Alcoa Europe, an Alcoa business unit. Headquartered in Lausanne, Switzerland, Alcoa Europe is responsible for Alcoa's primary, flat-rolled products, extrusion and end products and Kawneer architectural products businesses in Europe. Alcoa is the world's largest producer of aluminum and alumina alumina (əl  `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. and participates in all major segments of the industry: mining, refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar , smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. , fabricating and recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. . Pechiney Rhenalu is the aluminum mill products division of the Pechiney Group, the leading European producer and the world's fourth largest producer of primary aluminum. Pechiney Rhenalu is the leading European producer of can stock and technical rolled products, with a strong position in heavy plate for the aerospace industry. |
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