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Alcan Corporation history
Alcan Corporation company history timeline
Culver initiated a new research-and-development push in 1980.
In 1982 Alcan Aluminium lost US$58 million, its first loss in 50 years.
The company was also helped by its 1985 acquisition of most of the United States aluminum assets of the Atlantic Richfield Company.
Alcan Aluminium bought a gallium-purification subsidiary of Alusuisse in 1985, and planned to manufacture gallium arsenide semiconducting wafers.
In 1987 Alcan Aluminium underwent a reorganization.
In 1993 a new CEO, Jacques Bougie, was appointed.
Alcan planned to replace its outdated smelters in Quebec, hoping to spend US$1 billion by 1994 if aluminum prices were favorable.
In 1998 Alcan acquired a majority stake in the bauxite operations of Ghana Bauxite Company Limited and secured a majority interest (54.6 percent) in Indian Aluminium Company, Limited.
In 1998 the company began expanding its rolling facilities in Brazil to meet the increasing demand of the South American can sheet market.
The company upped its interest in the project to 35 percent in early 1999.
1999: Company announces plan to merge with Pechiney S.A. and Alusuisse Lonza Group Ltd. to create the world’s largest producer of aluminum.
In October 2000 Alcan Aluminium Ltd. merged with algroup, positioning it as a market leader in the aluminum and packaging industries.
The expansion, designed to increase production by 40 percent, was scheduled to be completed by the end of 2000.
In 2007, Rio Tinto acquired Alcan, forming Rio Tinto Alcan.
As of 2012, Rio Tinto Alcan maintained a regional office in Cleveland.
"Alcan Aluminium Limited ." International Directory of Company Histories. . Encyclopedia.com. (June 21, 2022). https://www.encyclopedia.com/books/politics-and-business-magazines/alcan-aluminium-limited-0
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Alcan Corporation competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Performance Fibers | 2004 | $416.7M | 1,200 | - |
| Plymouth Tube | 1924 | $160.0M | 800 | 4 |
| Tokusen USA | 1989 | $57.0M | 200 | - |
| Niagara LaSalle | - | $226.9M | 1,000 | - |
| Santee Print Works | - | $6.6M | 35 | - |
| Century Aluminum | 1995 | $2.2B | 2,069 | 5 |
| Glen Raven | 1880 | $780.0M | 3,000 | 24 |
| Kaiser Aluminum | 1946 | $2.6B | 2,000 | 100 |
| DuraFiber Technologies | - | $153.3M | 3,000 | - |
| Judd Wire | 1953 | $50.7M | 79 | 12 |
Alcan Corporation history FAQs
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Alcan Corporation may also be known as or be related to Alcan Corporation and Alcan Inc.