Alcoa Completes Sale of Stade Alumina Refinery to Dadco Alumina and Chemicals Ltd.Business Editors PITTSBURGH--(BUSINESS WIRE)--April 11, 2001 Alcoa Alcoa U.S. company, the world's largest producer of aluminum. Established in Pittsburgh, Pa., in 1888, it adopted the name Aluminum Co. of America in 1907. Alcoa introduced aluminum foil in 1910 and found uses for aluminum in the emerging aviation and automobile industries. Inc. announced today that it has completed the sale of 50% of the Aluminium Oxide Noun 1. aluminium oxide - any of various forms of aluminum oxide occurring naturally as corundum alumina, aluminum oxide furnace lining, refractory - lining consisting of material with a high melting point; used to line the inside walls of a furnace Stade GmbH alumina alumina (əl  `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. refinery located in Stade, Germany to Dadco Alumina and Chemicals Ltd., a private investment and trading company. Terms were not disclosed. Alcoa acquired the 50% share of Stade as part of its acquisition of Reynolds Metals Reynolds Metals Company (RMC) was the second largest aluminum company in the United States, and the third largest in the world. The company became well-known for the consumer product Reynolds Wrap as well as being a leader in developing and promoting new uses for aluminum; Company in May 2000. VAW AG of Germany owns the remaining interest. The Stade refinery has a production capacity of 800,000 metric tons per year and the sale is required under regulatory approval that cleared Alcoa's acquisition of Reynolds. |
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