Alcan to Close Beauty Packaging OperatIon in Lincoln Park, New Jersey
Nov 16, 2006
MONTREAL, Canada -- Alcan will close its Plastic & Laminate Tubes plant in Lincoln Park, New Jersey (USA) as part of the continued optimization of its Tubes manufacturing network in the Americas to better serve its customers.
"Alcan Packaging's manufacturing strategy aims at developing centers of excellence in its key markets by consolidating its expertise and equipment at larger facilities, improving the business' performance and continuing to focus on a high level of customer satisfaction," said Francois Luscan, President, Alcan Packaging Beauty.
With 2005 revenues of US$17 million, the Lincoln Park plant manufactures plastic and laminate tubes primarily for the cosmetics market. Production will be transferred to the nearby facility in Washington, New Jersey and to the facility in Reynosa, Mexico depending on product specifications. In both cases, plans have been made to ensure a smooth transition for customers.
This closure is expected to be completed by the end of January, 2007. A variety of support programs have been developed to assist the 71 affected employees during this period.
Alcan Inc. (NYSE, TSX: AL) is a leading global materials company, delivering high quality products and services worldwide. With world-class technology and operations in bauxite mining, alumina processing, primary metal smelting, power generation, aluminum fabrication, engineered solutions as well as flexible and specialty packaging, today's Alcan is well positioned to meet and exceed its customers' needs. Alcan is represented by 65,000 employees in 61 countries and regions, and posted revenues of US$20.3 billion in 2005. The Company has featured on the Dow Jones Sustainability World Index consecutively since 2003.
Statements made in this press release which describe the Company's intentions, expectations or predictions may be forward-looking statements within the meaning of securities laws. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and that the Company's results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Form 10-Q for a summary of major risk factors.
