Alcoa Signs Letter of Intent to Acquire Pechiney's Bright Products Business.PITTSBURGH, Pa., 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)-- Oct. 5, 1998--Alcoa (NYSE NYSE See: New York Stock Exchange :AA) and Pechiney announced today that they have signed a letter of intent for Alcoa to acquire the bright products business of Pechiney's Rhenalu rolling plant located at Catelsarrasin near Toulouse, France. The transaction is expected to be completed by the end of the year. Examples of bright products are lighting fixtures, decorative applications and cosmetic packaging. 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 and extrusion businesses there. 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. .
Alcoa participates in all major segments of the industry: mining,
refining, 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 worldwide position of heavy plate for the aerospace and transportation markets. |
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