Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Advanced Composites
LeftNav
Aerospace
LeftNav
Amorphous Metal Structures
LeftNav
Analysis and Simulation
LeftNav
Asbestos and Substitutes
LeftNav
Associations, Research Organisations and Universities
LeftNav
Automation Equipment
LeftNav
Automotive
LeftNav
Biomaterials
LeftNav
Building Materials
LeftNav
Bulk Handling and Storage
LeftNav
CFCs and Substitutes
LeftNav
Company
LeftNav
Components
LeftNav
Consultancy
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone
 
 
 
News

Alcan Sells assets within its Ores and Concentrates trading business

Alcan Inc : 08 October, 2004  (Company News)
Alcan Inc announced today that it has reached an agreement to sell assets of its Ores and Concentrates trading division to its current management team. Terms of the transaction will not be disclosed.
Alcan Inc announced today that it has reached an agreement to sell assets of its Ores and Concentrates trading division to its current management team. Terms of the transaction will not be disclosed.

'The Ores and Concentrates trading business is first rate; built and grown by the current management team over the past 12 years. This is a great opportunity to ensure a smooth transition for this business,' said Geoffery Merszei, Executive Vice President and Chief Financial Officer of Alcan Inc.

The scope of the transaction includes the net assets and commercial agreements of the copper, lead and zinc concentrate and secondary trading business, which was operated through Pechiney World Trade (USA) Inc and Pechiney Trading Ltd. Going forward, this business will be operated by Ocean Partners Holdings Ltd, a private company established by the current management team. Alcan is selling this business as it is not core to its operations.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 NewMaterials.com
Netgains Logo