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PECHINEY GROUP REPORTS CONSOLIDATED SALES FOR THE FIRST NINE MONTHS OF 1992

 PECHINEY GROUP REPORTS CONSOLIDATED SALES
 FOR THE FIRST NINE MONTHS OF 1992
 PARIS, Nov. 13 /PRNewswire/ -- The following statement was issued by the Pechiney Group in Paris today:
 Consolidated sales for the first nine months of 1992 amounted to FF 49,783 million, declining 9.1 percent from FF 54,768 million for the same period in 1991, based on a comparable structure. Between the two periods, the average French franc rate of exchange for the U.S. dollar -- which is the currency used in the majority of group activities -- decreased by 6.5 percent to FF 5.30 from FF 5.67. Stated in U.S. dollars, total sales declined by 2.3 percent.
 The group's manufacturing sales -- excluding international trade -- showed period-to-period declines of 7.7 percent stated in French francs and 0.7 percent in U.S. dollars.
 The figures do not include the sales of companies that have been sold or removed from consolidations since the start of 1992, notably the nuclear fuel and zirconium and titanium businesses.
 Contributions to consolidated sales by sector of activity were as follows:
 PECHINEY GROUP
 (In millions of French francs)
 First nine months 1992 1991(A)
 Packaging 23,132 24,341
 Aluminum 13,078 14,585
 Engineered products 5,996 6,708
 Related industrial activities 2,972 3,300
 International trade 4,605 5,834
 Total 49,783 54,768
 Pechiney International
 Pechiney International's consolidated sales for the nine months ending Sept. 30, 1992 amounted to FF 27,123 million, declining 6.7 percent from FF 29,082 million for the first nine months of 1991, based on a comparable structure. Stated in U.S. dollars -- the currency used for 67 percent of Pechiney International's sales -- the figures remained practically stable. A 0.7 percent increase resulted from a 2.9 percent gain in packaging sales and a 9.4 percent decline in turbine components sales.
 Contributions to consolidated sales by sector of activity were as follows:
 PECHINEY INTERNATIONAL
 (In millions)
 First nine months 1992 1991(A) 1992 1991(A)
 French francs US$
 Packaging 23,133 24,341 4,386 4,264
 Turbine components 3,713 4,362 697 769
 Other 277 379 52 67
 Total 27,123 29,082 5,135 5,100
 (A) -- Restated to reflect the scope of consolidation as it applied on Sept. 30, 1992.
 -0- 11/13/92
 /CONTACT: Ilse Minkenberg of Pechiney, 203-625-8836/ CO: Pechiney Group ST: Connecticut IN: SU:


SM-TS -- NY034 -- 0678 11/13/92 12:00 EST
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Publication:PR Newswire
Date:Nov 13, 1992
Words:415
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