Alcoa forms alliance with Seohan for VRC/PRC.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., Pittsburgh, and Korea-based Seohan Industries Co. Ltd. signed a letter of intent in September forming an alliance to produce cast aluminum chassis Pronounced "chah-see," it is a physical structure that holds everything or that everything is attached to. A computer's cabinet is often called the chassis. and suspension components and modules 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. in South Korea, Japan, China and Australia. Under the agreement, Alcoa intends to license its vacuum riserless casting/pressure riserless casting (VRC/PRC) technology and sell related production assets. Seohan, which manufactures automotive parts, will establish an aluminum castings plant in South Korea to supply OEMs in Australia and Eastern Asia with cast structural parts via VRC/PRC methods. The letter of intent provides the framework for both companies to identify, develop and launch programs. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Alcoa officials, when operational, the Seohan plant will complement and expand Alcoa's current VRC/PRC aluminum casting capabilities in the U. S. and Europe. "With ever-increasing demand on safety and fuel economy and consumers desiring superior driving performance, we project a significant increase in the use of aluminum castings in the critical chassis and suspension areas of the vehicle," stated Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Zwierzchowski, president of Alcoa Automotive Castings. "We are excited to be working with a proven supplier like Seohan in order to establish the VRC/PRC technology in Asia." |
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