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PECHINEY REPORTS CONSOLIDATED SALES FOR THE FIRST THREE MONTHS OF 1993

 PARIS, May 14 /PRNewswire/ -- The following statement is being issued by the Pechiney Group in Paris today:
 PECHINEY GROUP
 Consolidated sales for the Pechiney Group for the first three months of 1993 amounted to 14,747 million French francs, vs. FF 16,431 million for the same period in 1992. After restating sales for the 1992 period to reflect a scope of consolidation that excludes companies sold in 1992 (primarily the nuclear fuel and zirconium-titanium activities) but includes acquisitions that were completed during the year, a period-to- period comparison shows a 10.2 percent decline in total sales and an 8.9 percent decrease in manufacturing sales (excluding international trade sales). Stated in U.S. dollars, the declines were 10.9 percent and 9.5 percent, respectively.
 Contributions to consolidated sales by sector of activity were as follows:
 (In millions of French francs)
 First three months 1993 1992(A)
 Packaging 6,452 7,094
 Aluminum 4,094 4,529
 Turbine components 1,231 1,385
 Related industrial activities 1,706 1,792
 International trade 1,264 1,631
 Total 14,747 16,431
 (A) -- Restated to reflect the scope of consolidation as it applied in the first quarter of 1993.
 The decreases in sales, which affected all sectors, confirm the indications given in early April of unfavorable trends that were observed in sales volume and selling prices in most of the group's markets. The declines have been aggravated further by the generally negative effect of exchange rate changes when sales by foreign subsidiaries are converted into French francs.
 PECHINEY INTERNATIONAL
 Pechiney International's consolidated sales for the first three months of 1993 amounted to FF 7,799 million, compared with FF 8,574 million for the same period in 1992, based on a comparable structure.
 Contributions to consolidated sales by sector of activity were as follows:
 (In millions of (In millions of
 French francs) U.S. dollars)
 First three months 1993 1992 1993(A) 1992(A)
 Packaging 6,453 7,094 1,163 1,287
 Turbine components 1,231 1,385 222 251
 Other 115 95 21 17
 Total 7,799 8,574 1,406 1,555
 (A) -- The average exchange rate for the U.S. dollar amounted to FF 5.55 in the 1993 quarter, vs. FF 5.51 in the first quarter of 1992.
 The decline in sales is due partly to the effect of exchange rate changes when sales of certain European subsidiaries are converted into French francs, and partly to the persistently difficult situation in the worldwide aerospace market and, for the packaging sector, lower beverage can selling prices noted early this year in the United States.
 -0- 5/14/93
 /CONTACT: Ilse Minkenberg of Pechiney, 203-625-8836/


CO: Pechiney Group ST: IN: SU: ERN

TS-GK -- NY055 -- 8695 05/14/93 14:20 EDT
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Publication:PR Newswire
Date:May 14, 1993
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