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Alcoa Takes Full Ownership in Tianjin Joint Venture.


PITTSBURGH -- Alcoa announced today that it has purchased the 30 percent interest in the Alcoa Closure Systems International (Tianjin) Co.,Ltd. joint venture currently owned by its partner China Suntrust Investment Group Co.,Ltd. The joint venture was established in 1994 to produce plastic closures for beverages.

Alcoa Closure Systems International (Tianjin) Co.,Ltd. is now a wholly owned foreign enterprise. CSI CSI Crime Scene Investigator
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 Tianjin received its new business license on November 24, 2005.

Alcoa's presence in China began in 1993 with the creation of the Alcoa Asia Ltd. representative office in Beijing. Since then, Alcoa has established thirteen wholly owned and joint venture operating companies operating company

A business that engages in transactions with outsiders.
 that provide innovative solutions for customers in all major markets. Products produced at our facilities in Qinghuangdao, Shanghai, Tianjin, Kunming and Hangzhou include foil, fasteners fasteners

In construction, connectors between structural members. Bolted connections are used when it is necessary to fasten two elements tightly together, especially to resist shear and bending, as in column and beam connections.
, automotive products, construction products, plastic closures and decorative sheet.

Alcoa is the world's leading producer and manager of primary aluminum, fabricated fab·ri·cate  
tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates
1. To make; create.

2. To construct by combining or assembling diverse, typically standardized parts:
 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.  facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. , closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:9CHIN
Date:Dec 6, 2005
Words:279
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