Cebal Americas Announces Plans to Build Plastic Tube Packaging Plant in Mexico.Business Editors PARIS--(BUSINESS WIRE)--Jan. 17, 2003 Cebal Americas, a division of the Pechiney Group's Packaging Sector, has announced plans to build a tube manufacturing plant in Mexico. The new plant, which will constitute an investment of US$10 million, will manufacture plastic tubes for the cosmetics segment in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , which has been growing at an increasing rate over the last several years. A site location will be finalized See finalization. in the coming weeks, and the facility is expected to be commercial at the end of the year. "The new plant in Mexico is part of an overall strategic initiative to refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. our business on three key markets so that we can improve service to customers and compete more effectively on a global basis," said Jean-Paul Meausoone, Vice President and General Manager, Cebal Americas. "We are serving customers in the Cosmetics, Pharmaceuticals, and Dentifrice dentifrice /den·ti·frice/ (den´ti-fris) a preparation for cleansing and polishing the teeth; it may contain a therapeutic agent, such as fluoride, to inhibit dental caries. den·ti·frice n. & Commodities markets; and, by realigning our manufacturing capabilities, Cebal Americas will be better positioned to address the needs and growth opportunities in each of them. These actions along with the new cosmetics tube plant in Mexico should give us a competitive advantage in the marketplace." More information Cebal Americas is part of the Pechiney Group's Packaging Sector. With sales of 251 million euros in 2001, Cebal Americas employs 1,700 people at seven manufacturing sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Mexico and Brazil. It produces collapsible tubes (plastic and laminate laminate, n a thin slice of porcelain or plastic fabricated in a dental lab, which is cemented to the front of the teeth to cover gaps, whiten stained teeth, or reshape chipped or broken teeth. ) for the Cosmetics, Pharmaceuticals, and Dentifrice & Commodities markets. Combined with the Cebal Tubes Division in Europe, Cebal Americas is the world leader in its segments. For more information, visit www.cebalamericas.com. The Pechiney Group's Packaging Sector, to which Cebal Americas belongs, achieved sales of 2.4 billion euros in 2001. With bases in 17 countries, it employs 16,000 people in 92 production units. It has global leadership positions in high value-added specialty collapsible tube packaging (health & beauty), aluminum aerosol cans, luxury plastic containers (cosmetics & perfumes) and flexible packaging, barrier plastic bottles, capsules and overcapping (food). Pechiney is an international group that is listed on the Paris and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (NYSE NYSE See: New York Stock Exchange :PY) stock exchanges. Its core businesses are aluminum and packaging. With bases in 51 countries and 34,500 employees, Pechiney achieved sales of 11 billion euros in 2001. For more information, visit www.pechiney.com. Certain statements in this press release that describe Pechiney's intentions, expectations or projections may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Pechiney's actual results, performance or achievement to be materially different from its intentions, expectations or projections. The forward-looking statements in this press release speak only as of its date and Pechiney undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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