Alcan
From Wikipedia, the free encyclopedia
- Alcan (ALaska CANada) is also one of the common names for the Alaska Highway that connects Dawson Creek, British Columbia, with Fairbanks, Alaska.
| Alcan Inc. | |
 |
|
| Type | Public company |
|---|---|
| Founded | 1902 as a subsidiary of Alcoa |
| Headquarters | Montreal, Quebec, Canada |
| Key people | Richard Evans, President and CEO |
| Industry | Aerospace, Mass Transportation, Building, Construction, Packaging, Aluminum, Alumina. |
| Products | Aluminas, aluminium sheet, extrusion billet, rod and remelt ingot, alloys, cable, packaging |
| Net income |  $129 million USD (2005) |
| Employees | 68,000 |
| Website | http://www.alcan.com |
Alcan Inc. is Canada's largest aluminum company and the world's third largest, behind its former parent Alcoa (from which it split in 1928) and Rusal (however Alcan is largest by sales). Alcan mines bauxite (aluminum ore) and makes and recycles aluminum sheets, foil, wire and cable, and parts for doors, windows and auto parts. Alcan has over 470 facilities in 65 countries and sells to the packaging, transportation and construction industries.
In 1982 the company acquired the British Aluminium Company, renaming the operation British Alcan. In 1999, Alcan made a failed attempt to make a three-way merger between it and algroup (Alusuisse Lonza Group) of Switzerland and Pechiney of France. The proposed merger was blocked by the European Commission due to fears of anti-competition. After the deal fell through, Alcan acquired algroup in 2000. Then in 2003, Alcan acquired Pechiney, completing the original three-way merger plan of 1999.
Alcan is based in Montreal, Quebec and had revenues of US$23.6 billion and 68,000 employees worldwide in 2006.
[edit] Corporate governance
As of March 6, 2006, members of the board of directors of Alcan are: Roland Berger, L. Denis Desautels, Travis Engen, Yves Fortier, Jean-Paul Jacamon, William R. Loomis Jr., Yves Mansion, Christine Morin-Postel, H. Onno Ruding, Guy Saint-Pierre, Gerhard Schulmeyer, Paul M. Tellier, and Milton K. Wong.
