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May 4, 2005
Alcoa Fastening Systems Announces the Opening of Logistics Center in Shanghai
TORRANCE, Calif.--(BUSINESS WIRE)--May 4, 2005--Furthering its strategy to be closer to its main customers and accompanying its growth in Asia in tune with the overall market growth, Alcoa Fastening Systems is pleased to announce the creation of Alcoa Fastening Systems (Shanghai) Co LTD. AFS Shanghai, located in the Waigaoqiao free trade zone, Shanghai, will focus on OEM and after market sales and logistics support for the full range of Alcoa Fastening Systems products produced at each of their manufacturing plants worldwide. Services include a bonded warehouse, kitting, inventory management, technical support and much more.
Alcoa Fastening Systems, a business unit of Alcoa, is a leading worldwide designer and manufacturer of fastening systems, specialty fasteners, components, and installation systems for aerospace and commercial product assembly. Headquartered in Torrance, California, the company has 6,000 employees, and manufactures at 26 locations in 7 countries.
Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com