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Alcan investment key part of strategy

CANADIAN aluminium company Alcan has announced on its website that it plans to invest $35 million (€28 million) in Slovakia.

Alcan plans to build a new factory in Slovakia for the production of pressed aluminium products intended mainly for the building sector in Eastern Europe. The new plant will have two production lines, and will be run by Alcan Extruded Products, a division of Alcan Engineered Products.

"This plant will enable Alcan to take advantage of the growing demand for soft-alloy products in the region, and is a key component of Alcan Extruded Products' long-term strategy," said president and general director of Alcan Engineered Products, Michel Jacques.

"Although we are building on our success in Decin (the Czech Republic), this investment is further proof of our willingness to provide better solutions to our customers' needs," he added.

Production in the new plant should start at the beginning of 2007. The factory will employ some 200 people, news wire TASR wrote.

Alcan is a multinational company and a global leader in the production of aluminium products and packages. It employs nearly 70,000 people in its plants in 55 countries and regions.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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