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''Alcan is also the name of a French publishing house directed by Félix Alcan.''
''ALCAN (ALaska CANada) is also one of the common names for the Alaska Highway that connects Dawson Creek, British Columbia, with Fairbanks, Alaska.''
'Alcan Inc.' is Canada's largest aluminum company and the world's third largest, behind its former parent Alcoa (from which it split in 1928) and Rusal (however Alcan is largest by sales). Rio Tinto and Alcan have reached a friendly takeover deal that would create the world's largest aluminum company, Rio Tinto Alcan; this followed a failed hostile takeover bid by Alcoa.
Founded in 1902 as the Canadian unit of Alcoa, it was spun off in 1928.
Alcan has gone over several name changes:
★ Northern Aluminum Company Limited - 1902
★ 'Al'uminum Company of 'Can'ada Limited - 1925
★ registers the name 'Alcan' - 1945
★ added French name Aluminium du Canada, Limitée - 1965
★ introduce the use of the name Alcan Aluminium Limited in English and Alcan Aluminium Limitée 1966; later used as the official name of the parent company in 1987
★ Alcan Inc. - 2001
From 1935 to 1945, the use of ''Aluminum'' in Alcan's name was being disputed by Alcoa, but a decision by the United States Circuit Court of Appeals ended the legality of the company's name.
In 1982 the company acquired the British Aluminium Company, renaming the operation British Alcan. In 1999, Alcan made a failed attempt to make a three-way merger between it and algroup (Alusuisse Lonza Group) of Switzerland and Pechiney of France. The proposed merger was blocked by the European Commission due to fears of anti-competition. After the deal fell through, Alcan acquired algroup in 2000. Then in 2003, Alcan acquired Pechiney, completing the original three-way merger plan of 1999.
In July 2007, Hindalco Industries announced it is buying the stake of Alcan in the Utkal Alumina Project in Orissa, India marking an exit of Alcan from the project.[1]
Alcan owns, operates or has an interest in six bauxite mines and deposits, five smelter-grade alumina refineries and six specialty aluminas plants. Its Bauxite & Alumina group refines bauxite ore into smelter-grade alumina for Alcan’s Primary Metal group and external customers and specialty-grade alumina for third parties. It also owns an extensive transportation network, including trucking, rail, marine shipping and port facilities worldwide.
Alcan Primary Metal group includes Alcan’s aluminum smelting facilities and power generation installations, smelting technology and equipment sales, engineering services and aluminum trading operations, anode and cathode production facilities and aluminum fluoride plants.
Alcan owns or has an interest in 22 smelters in 11 countries and regions.
Alcan’s proprietary AP technology delivers the lowest full economic cost, which is why it is the technology of choice for the world’s aluminum producers.
Alcan’s Engineered Products group serves the aerospace, automotive, mass transportation, marine, building, electrical, beverage can packaging markets. Alcan is the No. 1 supplier to Europe’s aerospace industry and No. 2 worldwide. It is the premier provider of large profile extrusions to Europe’s transportation industry, Europe’s No. 1 supplier of beverage can stock, a North American leader in aluminum cable, and a world leader in composites with a unique portfolio of brands and innovative product solutions. Alcan is also a global strategic partner in the development of safer, lighter and more fuel-efficient automobiles. Its 120 production facilities, service centres and International Network offices are present in 32 countries and regions. Its products include engineered shaped products and structures, cable, wire and rod, as well as a very complete array of composite materials and balsa wood.
Alcan’s Packaging group is the globe’s second largest supplier of value-added specialty packaging, ranking No. 1 in flexible food, pharmaceutical, beauty and tobacco packaging. Alcan is a recognized leader in barrier technologies, surface treatment and printing techniques, using diverse materials. Its 130 production facilities are present in 35 countries and regions and offer multi-material packaging for the food and beverage, pharmaceutical and medical, beauty and personal care, and tobacco markets.
Alcan is based in Montreal, Quebec and had revenues of US$23.6 billion and 68,000 employees in 61 countries in 2007.
As of March 6, 2007, members of the board of directors of Alcan are: Roland Berger, L. Denis Desautels, Dick Evans, Yves Fortier, Jean-Paul Jacamon, William R. Loomis Jr., Yves Mansion, Christine Morin-Postel, H. Onno Ruding, Guy Saint-Pierre, Gerhard Schulmeyer, Paul M. Tellier, and Milton K. Wong.
Alcoa announced a hostile take over bid for its progeny on May 7th, 2007, in a deal worth $27 billion USD. The combined companies would have formed the largest aluminum producer in the world. On May 22, 2007, Alcan's board of directors unanimously recommended that shareholders reject Alcoa Inc.’s unsolicited offer to acquire Alcan. The board determined that the offer was inadequate in multiple respects and was contrary to the best interests of Alcan’s shareholders. On July 12, 2007, Alcan announced a friendly takeover deal with Anglo-Australian mining giant Rio Tinto, worth $38.1 billion USD. Alcan's board of directors unanimously recommended the deal to shareholders. Alcoa withdrew its bid later in the day. If successful, the merger would produce the world's largest aluminum company. Rio Tinto Alcan would be based in Montreal and would retain Alcan's current CEO, Dick Evans.[1]
★ Alcan in Africa
★ British Alcan
★ List of alumina refineries
★ List of aluminium smelters
★ Aluminium smelting
1. Hindalco to Acquire Alcan Stake in Utkal Alumina
2. Alcan Primary Metal
★ Alcan website
★ Alcan is named Americas Most Admired Metals Company by Fortune
''ALCAN (ALaska CANada) is also one of the common names for the Alaska Highway that connects Dawson Creek, British Columbia, with Fairbanks, Alaska.''
'Alcan Inc.' is Canada's largest aluminum company and the world's third largest, behind its former parent Alcoa (from which it split in 1928) and Rusal (however Alcan is largest by sales). Rio Tinto and Alcan have reached a friendly takeover deal that would create the world's largest aluminum company, Rio Tinto Alcan; this followed a failed hostile takeover bid by Alcoa.
| Contents |
| History |
| Product Groups |
| Bauxite and Alumina |
| Primary Metal |
| Engineered Products |
| Packaging |
| Corporate governance |
| Takeover |
| See also |
| References |
| External links |
History
Founded in 1902 as the Canadian unit of Alcoa, it was spun off in 1928.
Alcan has gone over several name changes:
★ Northern Aluminum Company Limited - 1902
★ 'Al'uminum Company of 'Can'ada Limited - 1925
★ registers the name 'Alcan' - 1945
★ added French name Aluminium du Canada, Limitée - 1965
★ introduce the use of the name Alcan Aluminium Limited in English and Alcan Aluminium Limitée 1966; later used as the official name of the parent company in 1987
★ Alcan Inc. - 2001
From 1935 to 1945, the use of ''Aluminum'' in Alcan's name was being disputed by Alcoa, but a decision by the United States Circuit Court of Appeals ended the legality of the company's name.
In 1982 the company acquired the British Aluminium Company, renaming the operation British Alcan. In 1999, Alcan made a failed attempt to make a three-way merger between it and algroup (Alusuisse Lonza Group) of Switzerland and Pechiney of France. The proposed merger was blocked by the European Commission due to fears of anti-competition. After the deal fell through, Alcan acquired algroup in 2000. Then in 2003, Alcan acquired Pechiney, completing the original three-way merger plan of 1999.
In July 2007, Hindalco Industries announced it is buying the stake of Alcan in the Utkal Alumina Project in Orissa, India marking an exit of Alcan from the project.[1]
Product Groups
Bauxite and Alumina
Alcan owns, operates or has an interest in six bauxite mines and deposits, five smelter-grade alumina refineries and six specialty aluminas plants. Its Bauxite & Alumina group refines bauxite ore into smelter-grade alumina for Alcan’s Primary Metal group and external customers and specialty-grade alumina for third parties. It also owns an extensive transportation network, including trucking, rail, marine shipping and port facilities worldwide.
Primary Metal
Alcan Primary Metal group includes Alcan’s aluminum smelting facilities and power generation installations, smelting technology and equipment sales, engineering services and aluminum trading operations, anode and cathode production facilities and aluminum fluoride plants.
Alcan owns or has an interest in 22 smelters in 11 countries and regions.
| Country | Location | Annual Capacity (kt) | Ownership (%) |
|---|---|---|---|
| Australia | Tomago, New South Wales | 520 | 51.5 |
| Cameroon | Edea (Alucam) | 100 | 46.7 |
| Canada | Alma, Quebec | 415 | 100 |
| Canada | Arvida, Quebec | 166 | 100 |
| Canada | Beauharnois, Quebec | 52 | 100 |
| Canada | Becancour, Quebec | 404 | 25 |
| Canada | Grande-Baie, Quebec | 207 | 100 |
| Canada | Kitimat, British Columbia | 277 | 100 |
| Canada | Laterriere, Quebec | 228 | 100 |
| Canada | Sept-Iles, Quebec (Alouette) | 572 | 40 |
| Canada | Shawinigan, Quebec | 99 | 100 |
| China | Qingtongxia | 152 | 50 |
| France | Dunkerque | 259 | 100 |
| France | Lannemezan | 50 | 100 |
| France | Saint-Jean-de-Maurienne | 135 | 100 |
| Iceland | Reykjavik (ISAL) | 179 | 100 |
| Netherlands | Vlissingen | 213 | 85 |
| Norway | Husnes (SORAL) | 164 | 50 |
| Oman | Sohar (Muscat) | N/A | 20 |
| United Kingdom | Lochaber | 43 | 100 |
| United Kingdom | Lynemouth | 178 | 100 |
| U.S.A. | Sebree, Kentucky | 196 | 100 |
Alcan’s proprietary AP technology delivers the lowest full economic cost, which is why it is the technology of choice for the world’s aluminum producers.
Engineered Products
Alcan’s Engineered Products group serves the aerospace, automotive, mass transportation, marine, building, electrical, beverage can packaging markets. Alcan is the No. 1 supplier to Europe’s aerospace industry and No. 2 worldwide. It is the premier provider of large profile extrusions to Europe’s transportation industry, Europe’s No. 1 supplier of beverage can stock, a North American leader in aluminum cable, and a world leader in composites with a unique portfolio of brands and innovative product solutions. Alcan is also a global strategic partner in the development of safer, lighter and more fuel-efficient automobiles. Its 120 production facilities, service centres and International Network offices are present in 32 countries and regions. Its products include engineered shaped products and structures, cable, wire and rod, as well as a very complete array of composite materials and balsa wood.
Packaging
Alcan’s Packaging group is the globe’s second largest supplier of value-added specialty packaging, ranking No. 1 in flexible food, pharmaceutical, beauty and tobacco packaging. Alcan is a recognized leader in barrier technologies, surface treatment and printing techniques, using diverse materials. Its 130 production facilities are present in 35 countries and regions and offer multi-material packaging for the food and beverage, pharmaceutical and medical, beauty and personal care, and tobacco markets.
Alcan is based in Montreal, Quebec and had revenues of US$23.6 billion and 68,000 employees in 61 countries in 2007.
Corporate governance
As of March 6, 2007, members of the board of directors of Alcan are: Roland Berger, L. Denis Desautels, Dick Evans, Yves Fortier, Jean-Paul Jacamon, William R. Loomis Jr., Yves Mansion, Christine Morin-Postel, H. Onno Ruding, Guy Saint-Pierre, Gerhard Schulmeyer, Paul M. Tellier, and Milton K. Wong.
Takeover
Alcoa announced a hostile take over bid for its progeny on May 7th, 2007, in a deal worth $27 billion USD. The combined companies would have formed the largest aluminum producer in the world. On May 22, 2007, Alcan's board of directors unanimously recommended that shareholders reject Alcoa Inc.’s unsolicited offer to acquire Alcan. The board determined that the offer was inadequate in multiple respects and was contrary to the best interests of Alcan’s shareholders. On July 12, 2007, Alcan announced a friendly takeover deal with Anglo-Australian mining giant Rio Tinto, worth $38.1 billion USD. Alcan's board of directors unanimously recommended the deal to shareholders. Alcoa withdrew its bid later in the day. If successful, the merger would produce the world's largest aluminum company. Rio Tinto Alcan would be based in Montreal and would retain Alcan's current CEO, Dick Evans.[1]
See also
★ Alcan in Africa
★ British Alcan
★ List of alumina refineries
★ List of aluminium smelters
★ Aluminium smelting
References
1. Hindalco to Acquire Alcan Stake in Utkal Alumina
2. Alcan Primary Metal
External links
★ Alcan website
★ Alcan is named Americas Most Admired Metals Company by Fortune
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