Paris - CNW - AsiaNet/ - Rio Tinto Alcan is pleased to announce that Alcan Composites, a division of Alcan Engineered Products, has officially inaugurated its new Core Materials conversion centre in Shanghai, China at a ceremony attended by local officials, industrial association representatives, customers and management. The investment, announced in June 2007, is a clear demonstration of Alcan Engineered Products' growth strategy in action in the fast-developing Asia Pacific market.
"China and the Asia Pacific markets are of strategic importance not only for the Composites business but also for the Engineered Products unit. The combination of local sales and technical service capabilities along with our own manufacturing plants will allow us to grow even faster in the region," said Georg Reif, president, Alcan Composites.
Located in the Shanghai Tangzhen industrial zone, the Alcan Composites Core Materials centre presently employs 30 people.
It is already operational and is equipped with dedicated lines for the transformation of AIREX(R) plastic foam and BALTEK(R) balsa-based core materials used by fabricators to make innovative sandwich structure solutions. In addition to the transformation capacity, the new centre includes sales and technical services to provide customers with local market knowledge and expertise.
"This new conversion centre will enable us to offer leading-edge composite core materials and will improve our lead times and services to our customers in the Chinese and Asia-Pacific wind energy and mass transportation markets," added Pierre Monton, president, Core Materials, Alcan Composites.
AIREX(R) and BALTEK(R) core materials are used by manufacturers to create innovative lightweight sandwich structures for the wind energy, marine and ground transportation markets. Thanks to their light weight, the final products allow better energy efficiency over their whole life cycle.
Alcan Composites Core Materials is a global organization with over 1,500 employees in production locations in Europe, North America, Ecuador and now China. It is part of Alcan Composites, a global unit employing 2,700 employees active in manufacturing and commercializing branded products for visual communication, architecture, transportation and industrial markets. Alcan Composites has been present in South East Asia with sales offices in Singapore since 1991, a manufacturing plant for ALUCOBOND(R) facade panels since 1999 in Shanghai, China and a paint line factory in Changzhou, China since 2006.
Alcan Composites is part of the Engineered Products unit, a division of Rio Tinto Alcan.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
Forward-Looking Statements
This announcement includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto's products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto's present and future business strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation and such other risk factorsidentified in Rio Tinto's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to the SEC.
Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and
Mergers (the "Takeover Code"), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to anyforward-looking statement contained herein to reflect any change in Rio Tinto's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this announcement with their consent or any person involved in the preparation of this announcement makes any representation or warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
SOURCE: Rio Tinto Alcan
CONTACT: Rio Tinto Alcan Media Relations,
China: Helen Jiang,
+86 21 6133 6906,
Helen.jiang@alcan.com;
Rio Tinto Alcan Media Relations,
Stefano Bertolli,
+1 514 848-8151,
stefano.bertolli@riotinto.com;
www.riotinto.com/riotintoalcan/
"China and the Asia Pacific markets are of strategic importance not only for the Composites business but also for the Engineered Products unit. The combination of local sales and technical service capabilities along with our own manufacturing plants will allow us to grow even faster in the region," said Georg Reif, president, Alcan Composites.
Located in the Shanghai Tangzhen industrial zone, the Alcan Composites Core Materials centre presently employs 30 people.
It is already operational and is equipped with dedicated lines for the transformation of AIREX(R) plastic foam and BALTEK(R) balsa-based core materials used by fabricators to make innovative sandwich structure solutions. In addition to the transformation capacity, the new centre includes sales and technical services to provide customers with local market knowledge and expertise.
"This new conversion centre will enable us to offer leading-edge composite core materials and will improve our lead times and services to our customers in the Chinese and Asia-Pacific wind energy and mass transportation markets," added Pierre Monton, president, Core Materials, Alcan Composites.
AIREX(R) and BALTEK(R) core materials are used by manufacturers to create innovative lightweight sandwich structures for the wind energy, marine and ground transportation markets. Thanks to their light weight, the final products allow better energy efficiency over their whole life cycle.
Alcan Composites Core Materials is a global organization with over 1,500 employees in production locations in Europe, North America, Ecuador and now China. It is part of Alcan Composites, a global unit employing 2,700 employees active in manufacturing and commercializing branded products for visual communication, architecture, transportation and industrial markets. Alcan Composites has been present in South East Asia with sales offices in Singapore since 1991, a manufacturing plant for ALUCOBOND(R) facade panels since 1999 in Shanghai, China and a paint line factory in Changzhou, China since 2006.
Alcan Composites is part of the Engineered Products unit, a division of Rio Tinto Alcan.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
Forward-Looking Statements
This announcement includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto's products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto's present and future business strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto's actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation and such other risk factorsidentified in Rio Tinto's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to the SEC.
Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and
Mergers (the "Takeover Code"), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to anyforward-looking statement contained herein to reflect any change in Rio Tinto's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this announcement with their consent or any person involved in the preparation of this announcement makes any representation or warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
SOURCE: Rio Tinto Alcan
CONTACT: Rio Tinto Alcan Media Relations,
China: Helen Jiang,
+86 21 6133 6906,
Helen.jiang@alcan.com;
Rio Tinto Alcan Media Relations,
Stefano Bertolli,
+1 514 848-8151,
stefano.bertolli@riotinto.com;
www.riotinto.com/riotintoalcan/
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