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Alumax Business Unit Increases Prices.

ATLANTA--(BUSINESS WIRE)--May 1, 1998--Alumax Inc. (NYSE: AMX; Toronto: AXI) 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, 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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Publication:Business Wire
Date:May 1, 1998
Words:173
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