HARIDWAR, India, February 9 -- Alcan will make an initial investment of US$10 million in the Indian flexible packaging market. The Company will build and equip a new flexible packaging facility in the BHEL Industrial Park in Haridwar, Northern India. The Alcan Packaging facility will supply the rapidly growing Indian food and personal care markets.
"This investment, the first for Alcan Packaging in India,demonstrates the Company's continuous commitment to investing and growing inemerging markets by anticipating its customers' expanding needs in theregion," said Ilene Gordon, President and Chief Executive Officer, AlcanPackaging.
"Alcan Packaging is building a strong regional manufacturingposition together with its customers," said Jean-Paul Meausoone, President,Alcan Packaging Food Asia at a ceremony at the future packaging facility'ssite in India. "By creating a local manufacturing presence in India, AlcanPackaging Food Asia will enrich its Asian portfolio, to better serve customerneeds and deliver reliable, innovative and high quality packaging materialsand solutions," he added.
In Asia, Alcan is present in 10 countries with 27 sites,employing 6,500 people. The new site in Haridwar is expected to beoperational in the Q4, 2007.
Alcan Inc. is a leading global materialscompany, delivering high quality products and services worldwide. Withworld-class technology and operations in bauxite mining, alumina processing,primary metal smelting, power generation, aluminum fabrication, engineeredsolutions as well as flexible and specialty packaging today's Alcan is wellpositioned to meet and exceed its customers' needs. Alcan is represented by65,000 employees in 61 countries and regions, and posted revenues of US$20.3billion in 2005. The Company has featured on the Dow Jones SustainabilityWorld Index consecutively since 2003.
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