Rio Tinto Alcan 323202 225877849 2008-07-15T20:42:44Z 87.185.157.55 /* External links */ ''Alcan is also the name of a French publishing house directed by [[Félix Alcan]].'' ''ALCAN (ALaska CANada) is also one of the common names for the [[Alaska Highway]] that connects [[Dawson Creek, British Columbia]], with [[Fairbanks, Alaska]].'' {{Infobox_Company | company_name = Rio Tinto Alcan Inc. | company_logo = [[Image:Rio_Tinto_Alcan.svg|200px|Rio Tinto Alcan Logo]] | company_type = [[Subsidiary]] of [[Rio Tinto Group|Rio Tinto PLC]] ([[London Stock Exchange|LSE]]: [http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0007188757GBGBXSET10718875RIO '''RIO''']) | foundation = 1902 as a subsidiary of [[Alcoa]]| location = [[Montreal, Quebec]], [[Canada]] | key_people = Richard Evans, President and CEO | industry = [[Aerospace]], [[Transportation|Mass Transportation]], [[Building]], [[Construction]], [[Packaging]], [[Aluminum]], [[Alumina]]. | products = Aluminas, aluminum sheet, extrusion billet, rod and remelt ingot, alloys, cable, packaging | revenues = {{profit}} $23.60 billion [[United States dollar|USD]] (2006) | net_income = {{profit}} $1.786 billion [[United States dollar|USD]] (2006) | num_employees = 68,000 (including joint-ventures)| homepage = http://www.alcan.com }} '''Rio Tinto Alcan Inc.''' is [[Canada]]'s largest [[aluminum]] [[corporation|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). [[Rio Tinto Group|Rio Tinto]] and Alcan have reached a friendly takeover deal that would create the world's largest aluminum company, Rio Tinto Alcan; this followed a failed hostile takeover bid by Alcoa. The acquisition of Alcan Inc. by Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., was formally consummated on [[November 15]], [[2007]]. On this date, Alcan Inc. was renamed Rio Tinto Alcan Inc. == History == Founded in 1902 as the [[Canadian]] unit of [[Alcoa]], it was [[Spin-off|spun off]] in 1928. Alcan has gone over several name changes: * Northern Aluminum Company Limited - 1902 * '''Al'''uminum Company of '''Can'''ada Limited - 1925 * registers the name '''Alcan''' - 1945 * added French name Aluminium du Canada, Limitée - 1965 * introduce the use of the name Alcan Aluminium Limited in English and Alcan Aluminium Limitée 1966; later used as the official name of the parent company in 1987 * Alcan Inc. - 2001 * Rio Tinto Alcan Inc. - 2007 (''current company name'') [[Image:Alcan logo.png|thumb|right|The logo of Alcan before the Rio Tinto takeover.]] From 1935 to 1945, the use of ''Aluminum'' in Alcan's name was being disputed by [[Alcoa]], but a decision by the United States Circuit Court of Appeals ended the legality of the company's name. Historically, Alcan was Canada's most important and powerful companies, and was listed as the sixth "largest" in 1975.<ref>http://www.lib.uwo.ca/business/200TopCompanies.html</ref> In 1982 the company acquired the British Aluminium Company, renaming the operation [[British Aluminium|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. In July 2007, [[Hindalco Industries]] announced it is buying the stake of Alcan in the Utkal Alumina Project in Orissa, India marking an exit of Alcan from the project. == Product Groups == === Bauxite and Alumina === Alcan owns, operates or has an interest in six bauxite mines and deposits, five smelter-grade alumina refineries and six specialty aluminas plants. Its Bauxite & Alumina group refines bauxite ore into smelter-grade alumina for Alcan’s Primary Metal group and external customers and specialty-grade alumina for third parties. It also owns an extensive transportation network, including trucking, rail, marine shipping and port facilities worldwide. === Primary Metal === Alcan Primary Metal group includes Alcan’s aluminum smelting facilities and power generation installations, smelting technology and equipment sales, engineering services and aluminum trading operations, anode and cathode production facilities and aluminum fluoride plants. Alcan owns or has an interest in 22 smelters in 11 countries and regions. {| class="wikitable sortable" |+ Alcan smelters<ref>{{cite web |url=http://www.alcan.com/web/publishing.nsf/AttachmentsByTitle/Business+Groups/$FILE/Primary_Metal.pdf |title=Alcan Primary Metal |accessdate=2007-08-20 }}</ref> |- !class="unsortable"|Country !! Location !!Annual Capacity (kt) !!Ownership (%) |- |{{flagicon|Australia}}||[[Tomago aluminium smelter|Tomago]], New South Wales ||520||51.5 |- |{{flagicon|Cameroon}}||Edea (Alucam)||100||46.7 |- |{{flagicon|Canada}}||[[Alma, Quebec]] ||415||100 |- |{{flagicon|Canada}}||Arvida, Quebec||166 ||100 |- |{{flagicon|Canada}}||Beauharnois, Quebec||52||100 |- |{{flagicon|Canada}}||Becancour, Quebec ||404||25 |- |{{flagicon|Canada}}||Grande-Baie, Quebec||207 ||100 |- |{{flagicon|Canada}}||Kitimat, British Columbia||277||100 |- |{{flagicon|Canada}}||Laterriere, Quebec||228 ||100 |- |{{flagicon|Canada}}||[[Aluminerie Alouette|Sept-Îles, Quebec (Alouette)]]||572||40 |- |{{flagicon|Canada}}||Shawinigan, Quebec||99 ||100 |- |{{flagicon|China}}||Qingtongxia ||152 ||50 |- |{{flagicon|France}}||Dunkerque ||259 ||100 |- |{{flagicon|France}}||Lannemezan ||50 ||100 |- |{{flagicon|France}}||Saint-Jean-de-Maurienne||135 ||100 |- |{{flagicon|Iceland}}||Reykjavik (ISAL) ||179 ||100 |- |{{flagicon|Netherlands}}||Vlissingen ||213||85 |- |{{flagicon|Norway}}||Husnes (SORAL) ||164 ||50 |- |{{flagicon|Oman}}||Sohar (Muscat) ||N/A||20 |- |{{flagicon|United Kingdom}}||Lochaber ||43 ||100 |- |{{flagicon|United Kingdom}}||[[Alcan Lynemouth Aluminium Smelter|Lynemouth]]||178 ||100 |- |{{flagicon|United States}}||Sebree, Kentucky ||196 ||100 |} Alcan is based in [[Montreal, Quebec]] and had revenues of US$23.6 billion and 68,000 employees in 61 countries in 2007. == Corporate governance == As of March 6, 2007, members of the [[board of directors]] of Alcan were: [[Roland Berger]], [[L. Denis Desautels]], [[Dick Evans (businessman)|Dick Evans]], [[Yves Fortier (lawyer)|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]]. It should be noted this was the last board of directors of Alcan prior to its renaming and becoming a wholly-owned subsidiary of Rio Tinto PLC. Rio Tinto added several Alcan directors to its corporate board in London, including [[Dick Evans (businessman)|Dick Evans]], who is also Chief Executive of Rio Tinto Alcan now. == Takeover == Alcoa Inc. announced a hostile take over bid for its progeny on May 7th, 2007, in a deal worth $27 billion USD. The combined companies would have formed the largest aluminum producer in the world. On May 22, 2007, Alcan's board of directors unanimously recommended that shareholders reject Alcoa’s unsolicited offer to acquire Alcan. The board determined that the offer was inadequate in multiple respects and was contrary to the best interests of Alcan’s shareholders. On July 12, 2007, Alcan announced a friendly takeover deal with [[England|Anglo]]-[[Australia]]n mining giant [[Rio Tinto Group|Rio Tinto]], worth $38.1 billion USD. Alcan's board of directors unanimously recommended the deal to shareholders. Alcoa withdrew its bid later in the day. On [[October 25]], [[2007]], the merger was completed and Rio Tinto Alcan (the amalgamation of Alcan and Rio Tinto Aluminum) became the world's largest aluminum company. Rio Tinto Alcan is based in Montreal and retains Alcan's CEO, Dick Evans. However, while Rio Tinto won overwhelming shareholder support on [[October 25]], 2007, the acquisition was not formally consummated until [[November 15]], [[2007]], the date on which the corporate name changes and integration were finally completed. [http://www.cbc.ca/money/story/2007/07/12/alcan-rio-tinto.html] [http://www.riotinto.com/riotintoalcan/ENG/media/35_media_releases_1072.asp] == See also == * [[Alcan in Africa]] * [[British Aluminium|British Alcan]] * [[List of alumina refineries]] * [[List of aluminium smelters]] * [[Aluminium smelting]] == References == {{reflist|1}} == External links == * [http://www.riotinto.com/riotintoalcan/ Rio Tinto Alcan website] * [http://www.alcan.com/ Alcan website] * [http://www.riotinto.com/ Rio Tinto website] *[http://money.cnn.com/magazines/fortune/mostadmired/2007/snapshots/6489.html Alcan is named Americas Most Admired Metals Company by Fortune] [[Category:Canadian brands]] [[Category:Aluminium companies]] [[Category:Mining companies of Canada]] [[Category:Companies based in Montreal]] [[Category:Companies established in 1902]] [[de:Rio Tinto Alcan]] [[es:Alcan]] [[fr:Alcan]] [[nl:Alcan]] [[ja:アルキャン]] [[pt:Alcan]] [[ru:Alcan]]