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ALLEN BORN AT LAURALCO DEDICATION: ALUMINUM INDUSTRY IS GATHERING STEAM

ALLEN BORN AT LAURALCO DEDICATION: ALUMINUM INDUSTRY IS GATHERING STEAM
 DESCHAMBAULT, Quebec, Sept. 3 /PRNewswire/ -- "The aluminum industry is gathering steam and heading for tighter market conditions in 1994 and '95," said Allen Born, chairman and chief executive officer of AMAX Inc. (NYSE: AMX). "That translates to a solid base of aluminum demand and higher prices for the long term."
 Born commented on the status of the aluminum industry during today's opening ceremony of the dedication events for the Lauralco primary aluminum plant, which is operating near full production and has an annual capacity of 215,000 metric tons a year.
 "The aluminum industry is beginning to recover," said Born. "As a general barometer of the industry's condition, ingot prices have recovered somewhat and stabilized from their 1991 lows. Progress," he continued, "is slow and will be gradual on into next year."
 Paul Drack, president and chief operating officer of AMAX and chairman of Alumax, Inc., pointed out that aluminum when first discovered was considered more valuable than platinum and gold and that its use today is taken for granted. "Yet," he said, "the world is using 15 million metric tons of aluminum ingot a year, which amounts to the output of more than 70 plants the size of Lauralco."
 Drack said that aluminum has established a lasting position in major markets such as packaging and transportation. He said aluminum plays a solid role in the building and construction market, which accounts for nearly 10 percent of the world's total economic output, or $1.5 trillion.
 He said that will ensure aluminum's demand for many years. "That's good for the industry and it's good for Lauralco," he concluded.
 Lauralco represents "the leading edge of technology" in the industry, according to V. Bond Evans, president and chief executive officer of Alumax Inc. Evans said, "No effort was spared to safeguard the environment." He pointed out that all water used in the process or which falls as rain on the plant site is collected, treated and reused. "Equal care is given to ensuring that discharges into the atmosphere are minimized," Evans said.
 Evans said the company kept the promise it made when the project was announced three years ago. "More than 70 percent of the plant's work force is from Portneuf county; 100 percent of Lauralco's employees are Quebeckers, and we built the most modern, most efficient, most environmentally friendly plant in the business."
 He said that Lauralco's ongoing contribution to the economy in terms of payroll, taxes and payments to suppliers will approach $100 million a year.
 Lauralco is headed by Jean-Pierre Gilardeau, vice president and general manager. The plant, which employs 470 people, uses power from Hydro Quebec to operate one line of 264 electrolytic pots for the production of aluminum T ingot. Environmental control includes a zero discharge water system and complete scrubbing system for all airborne emissions. The plant's port facility is Trois-Rivieres.
 Aluminerie Lauralco, Inc., is a wholly owned subsidiary of Alumax Inc., based in Norcross, Ga., which is a wholly owned subsidiary of AMAX Inc., headquartered in New York.
 Facts About Lauralco
 COMPANY Aluminerie Lauralco, Inc.
 LOCATION North shore of the St. Lawrence River, 40 miles west
 of Quebec City
 PRODUCTS P1020 aluminum T ingot
 START-UP February 1992
 MANAGER Jean-Pierre Gilardeau, vice president and general
 manager
 OWNERSHIP Wholly owned subsidiary of Alumax Inc.
 EMPLOYMENT 470 people; 70 percent from Portneuf county;
 100 percent Quebeckers
 CAPACITY 215,000 metric tons a year
 TECHNOLOGY Alumax-designed plant and technology, with Pechiney
 (300 KA) potline technology - one line - 264 pots
 POWER SOURCE Hydroelectricity supplied by Hydro Quebec
 PORT FACILITY Trois-Rivieres
 ENVIRONMENT Zero discharge water system - complete scrubbing
 system for airborne emissions
 ECON. BENEFIT Nearly $100 million annually in wages, taxes,
 payments to suppliers
 CONST./MGT. Bechtel/Lavalin - 120 contracts awarded, more than
 80 percent to Quebec firms - up to 2,000
 construction workers employed by the project.
 -- Lauralco will contribute nearly $100 million a year to the economy in wages ($19.5 million plus annually), taxes ($2.3 million plus annually) and purchases from suppliers ($1.4 million plus weekly). Every dollar that Lauralco spends generates $2 in indirect economic activity in the immediate region.
 -- Health and safety of Lauralco employees are an integral part of the management process. The plant provides employee training, personal protection equipment, has a health center and a physical fitness complex.
 -- The plant is equipped with the best environmental control equipment available. Process water, as well as rain water, is captured, treated and reused in a zero-discharge system. Dry scrubbing systems recover more than 99 percent of fluoride emissions from the pots in which the aluminum is produced. Dust collections systems are used at all material handling points. There's an Environmental Department and all other departments have representatives who serve on an environmental committee. Environmental monitoring is extensive in and out of the plant.
 -- Lauralco created nearly 500 good-paying jobs, 70 percent from the immediate Portneuf county; 100 percent are Quebeckers.
 -- Lauralco makes the most efficient use of energy in every one of its production processes. The plant uses one of the world's most energy-efficient pot line technologies (Pechiney 300 KA). The industry strongly endorses recycling, which saves 95 percent of the energy used to produce the metal from the ore.
 -0- 9/3/92
 /CONTACT: Jerry Cooper, director-corporate communications of AMAX, 212-856-5982/
 (AMX) CO: Aluminerie Lauralco, Inc.; AMAX Inc. ST: New York, Quebec IN: MNG SU:


GK -- NY068 -- 6472 09/03/92 13:46 EDT
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Date:Sep 3, 1992
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