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Alcoa announces increases on conversion prices for Mill Finish Commercial Rolled Products produced in European operations |
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10/16/2009
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Geneva, Switzerland – October 16th, 2009 - Alcoa European Mill Products (EMP) announces today a price increase for all mill finish commercial rolled products for all market segments.
Alcoa EMP is announcing with immediate effect an increase on its conversion prices for Commercial Rolled Products produced in their operations Köfém/Hungary, Fusina/Italy and Amorebieta/Spain.
Deliveries to mainland Europe: for all new November orders placed on or after Oct 16th, 2009 a 20 €/MT increase on the base conversion revenue of October is effective for November deliveries. For December deliveries an additional 20 €/MT increase is applied.
Deliveries to the United Kingdom: for all new November orders placed on or after Oct 16th, 2009 a 40 GBP/MT increase on the base conversion revenue October is effective for November deliveries on top of earlier implemented 15% increase on October. For December deliveries an additional 20 GBP/MT increase is applied.
All existing orders and binding agreements confirmed before October 16th, 2009 will be honored.
Pricing for deliveries to the distribution segment in 2010 will be set on a month by month basis and so announced soon for January.
About Alcoa European Mill Products (EMP)
Alcoa European Mill Products, headquartered in Geneva, Switzerland, is a leading manufacturer of aluminium flat rolled products and serves the commercial vehicle, automotive, building, industrial, consumer durables and aerospace markets. Alcoa's rolling mills supply a wide variety of products such as sheet, coil, circles, plate and tread plate, closure sheet, lithographic coil, bright products, foil and brazing. More information can be found at www.alcoa.com/emp.
About Alcoa
Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation 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 including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, and building systems. The Company has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland and has been a member of the Dow Jones Sustainability Index for eight consecutive years. Alcoa employs approximately 63,000 people in 31 countries across the world. More information can be found at www.alcoa.com
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