Alumax Business Unit Increases Prices.ATLANTA--(BUSINESS WIRE)--May 1, 1998--Alumax Inc. (NYSE NYSE See: New York Stock Exchange : AMX AMX American Motors Experimental AMX Aeromexico Aerovias de Mexico (ICAO code) AMX Air Mobility Express AMX Amberjacks (FAO fish species code) AMX Alabama Motor eXpress ; Toronto: AXI AXI Automated X-Ray Inspection (electronics) AXI Association Xpertise Inc (Calgary, AB, Canada) AXI Ada to X-Window System Interface ) today announced that its Alumax Distribution and Industrial Products business unit will increase sheet and coil conversion prices on depot shipments of all alloys (except alloys 5083, 5086 and 5454) by $0.02 per pound. The price increases are effective with all depot shipments to recognized Alumax distributors as of May 4, 1998, regardless of order entry date. This depot price increase is an addendum to the $0.02 per pound sheet and coil conversion price increases announced by the Alumax business unit on April 3, 1998. Alumax is a world leader in aluminum with assets of $3.4 billion and 1997 revenues of more than $2.9 billion. The company produces and markets primary aluminum ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. , billet and slab and is a major fabricator of value-added aluminum products for the transportation, distributor, building and construction, packaging and consumer durables Consumer durables Consumer products that are expected to last three years or more, such as an automobile or a home appliance. consumer durables See durable goods. markets. CONTACT: Alumax Thomas R. Hagley (Media) 404/846-4642 Fax: 404/846-4691 or R. Daniel Loh (Investors) 404/846-4752 Fax: 404/846-4691 |
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