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January 18, 2006
Alcoa Supply Agreements with Coca-Cola Korea Bottling
SOUTH KOREA--(BUSINESS WIRE)--Jan. 18, 2006--Alcoa (NYSE:AA) announced today that its Alcoa Closure Systems International (CSI) business has entered into several supply agreements with Coca-Cola Korea Bottling Company (CCKBC), the leading beverage company in South Korea, for various plastic closure products. Alcoa CSI Korea signed a three-year supply agreement starting this year to provide its 28 mm TS-Lok plastic water closure for CCKBC's Soonsoo 100(TM) bottled water brand. (Soonsoo 100(TM) means Pure Water 100%). Bottled water is the fastest-growing beverage in South Korea. Alcoa CSI Korea also extended its agreement with CCKBC to provide its 28mm hot-filled plastic closures for various Coca-Cola brands sold in South Korea including Minute Maid and Qoo, a juice drink, and has signed a one-year exclusive supply agreement for its 38mm Extra-Lok plastic closure as well. CSI has supplied CCKBC with its 38mm and 43mm hot filled closures for Powerade since 2000.
"Alcoa CSI is pleased to extend our collaboration with CCKBC in providing closures for its many products as CCKBC continues to grow its business in the Asian market," said Peter Leung, General Manger Alcoa CSI, Asia Pacific.
Alcoa's TS-Lok is a linerless compression-molded closure with a patented mechanical tamper-evidence feature. The top, inside and outside sealings provide integrity for consumer satisfaction, reduces liability and protects product quality. It is specially designed for bottled water. The hot-filled plastic closures are for juice and isotonic beverages.
The 38mm Extra-Lok closures are ideally suited for single serve applications by providing easy application, easy opening performance, and material cost reduction associated with wider diameter finishes. Extra-Lok closures are manufactured using Alcoa CSI's advanced compression molding technology, ensuring superior performance and quality.
Alcoa CSI is recognized as a world leader of closures and closure application systems. It provides quality closure and capping equipment products, as well as technical service and support to all key markets. Major markets include carbonated soft drinks, food, juice and isotonic, bottled water, beer, dairy, liquor, personal care, and automotive fluids. In its 29 locations and offices worldwide, Alcoa CSI employs nearly 6,000 people. Alcoa CSI is guided by principles of customer satisfaction and total quality manufacturing -- all tied to specific customer and consumer needs.
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 129,000 employees in 42 countries and has been named one of the top three most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com