ALCOA FORMS CHINESE AUTOMOTIVE CASTING ALLIANCE WITH SMW AUTOMOTIVE HONG KONG

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ALCOA FORMS CHINESE AUTOMOTIVE CASTING ALLIANCE WITH SMW AUTOMOTIVE HONG KONG
15 August 2007 - Alcoa

Alcoa announced today that it has signed an agreement with SMW Automotive Hong Kong to form an alliance to produce cast aluminum chassis and suspension components and modules for the automotive industry in China, South Korea, Japan and the Asia Pacific region.

Under the agreement, Alcoa plans to license its Vacuum Riserless and Pressure Riserless Casting technology and sell related production assets.

SMW Hong Kong’s new wholly owned subsidiary, Alutech Automotive Parts, Ltd. of China, will establish an aluminum casting plant in Wuhan, Hubei Province, China to supply OEMs in Asia with cast structural parts using Alcoa's proprietary technology. The plant is slated to be operational in 2008. In addition, the agreement provides the framework for both companies to identify, develop and launch programs.

“This marks our official establishment of a commercial footprint in China and complements and adds to Alcoa’s current VRC/PRC aluminum casting capabilities in the U.S. and Europe,” said Misha Riveros Jacobson, President, Alcoa Auto and Truck Structures.

http://www.alcoa.com

About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries.

In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.

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