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Alcoa Purchases Noranda Aluminum, Inc.'s Excel Extrusions Unit
PITTSBURGH, Pa., and FRANKLIN, Tenn.--January 7, 2000--
Alcoa Inc. and Noranda Aluminum, Inc. announced today that Alcoa has
purchased Excel Extrusions Inc., a subsidiary of Noranda Aluminum, Inc.
located in Warren, Ohio. Noranda Aluminum is a part of Noranda Inc., the
Toronto-based mining and metals company. Terms of the deal were not
Excel's plant has the capacity to produce 35 million pounds of
soft-alloy aluminum extrusions per year, which are used primarily in the
building and construction industries. The plant also has a vertical
paint line, with a capacity of 24 million pounds per year. Excel employs
about 200 people. It will become part of Alcoa Extruded Construction
Products, one of Alcoa's 24 business units.
Alcoa is the world's largest producer of primary aluminum, fabricated
aluminum and alumina. It is active in all major segments of the
industry: mining, refining, smelting, fabricating and recycling.
Noranda Inc. is a leading international mining and metals company
employing more than 18,000 people at its operations and offices around
the world. Noranda Aluminum, Inc. has nine plants in the U.S. and one in
Mexico that produce primary aluminum, aluminum foil and sheet and
aluminum automotive wheels.