Alumax Extrusions Announces Price Increase.ATLANTA--(BUSINESS WIRE)--Aug. 13, 1997--Alumax Extrusions, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of 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 a five-cents-per-pound price increase for all extruded products, including seamless tubular products and Acc-U-Plate. This increase is effective with all new orders entered on or after August 15, 1997, and with shipments on or after August 25, 1997. Open orders placed prior to August 11, 1997, and scheduled to ship by September 6, 1997, will not be increased. Alumax Extrusions, Inc., headquartered in Cressona, Pa., is a world leader in the manufacture of soft alloy aluminum extrusions. The company is comprised of three separate business units (Alumax Transportation Products, Cressona Aluminum Company, and Alumax Building & Construction Products) which sell extrusions to the building and construction, transportation, machinery, electrical 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. Through its Cressona business unit, Alumax Extrusions is a leading supplier to the service center industry. Alumax Inc. is a world leader in aluminum with assets of $3.3 billion and 1996 revenues of more than $3.1 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 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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