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ALCAN SELLS TYRE COMPRESSOR LINE
01 October 2002 - Alcan Automotive
| Alcan Inc announced today that is has agreed to sell the compressor line at Alcan BDW Gmbh & Co. KG, Markt Schwaben to Ventrex Automotive Gmbh of Graz. The deal is expected to be finalised on October 1st 2002.
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The compressor line, which serves different applications in the automotive market is not a strategic product line for Alcan Automotive. The much larger die-casting activities at Alcan Automotive in Market Schwaben are not affected by this transaction. Alcan Automotive will focus on expanding innovative lightweight solutions in attractive high growth market segments. “We will concentrate on offering our European and North American key-customers our know-how, aluminium technologies and our manufacturing capabilities where we offer a real competitive advantage” says Wolfgang J. Schmitz, Vice President, Alcan Automotive Engineered Shaped Products. Ventrex Automotive GmbH has been in the tyre repair system market for many years. Their product line now includes seat compressors for height adjustment, compact air compressor units as well as fully automatic solutions for emergency tyre repair. Wolfgang J. Schmitz commented “In Ventrex, we found a purchaser who will offer excellent service to the present customers of the compressor line”
http://www.alcanautomotive.com
About: Alcan Automotive
Alcan is a multinational company in aluminium and packaging, as well as aluminium recycling, with operations in primary aluminium, fabricated aluminium as well as flexible and specialty packaging, aerospace applications, bauxite mining and alumina processing. Alcan employs 88,000 people and has operating facilities in 58 countries and regions.The merger of Alcan Inc. with Alusuisse Group Ltd. has created a materials company that offers global market coverage and advanced technology solutions in aluminium and other lightweight materials. Alcan has become a leader in the significant growth taking place for aluminium in the automotive sector as manufacturers strive to produce safer, lighter, affordable vehicles. The organisation currently represents a US$13 billion global enterprise with strong anticipated growth in our automotive businesses, operating under the banner of Alcan Automotive. A global R&D network, with technology centres located in key markets around the world, combined with an extensive network of aluminium smelters and manufacturing facilities, provides the automobile industry with complete solutions, from materials delivery to design and manufacture of quality vehicle components and modules. |
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