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ALCOA SELLS ALREYVEN TO VENEZUELAN COMPANY
02 December 2004 - Alcoa
| Alcoa has announced the sale of Aluminium Reynolds de Venezuela, known as Alreyven, to Topes Y Techos SA, a Venezuelan company. The terms of the transaction were not disclosed. |
Alcoa has announced the sale of Aluminium Reynolds de Venezuela, known as Alreyven, to Topes Y Techos SA, a Venezuelan company. The terms of the transaction were not disclosed. Alreyven, is a small extrusions company that produces approximately 2800 tons of extrusions per year. It was acquired by Alcoa as part of the Reynolds acquisition in 2000.
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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