Montreal, Quebec, Canada, 02 July 2008 -- /PRNewswire/ -- Alcan Packaging, a division of Rio Tinto Alcan, announced today that it will invest EUR 17 million (approximately USD 27 million) in the Central European packaging market. Alcan Packaging will build a state-of-the-art flexible packaging facility located in the Novy Bydzov area, in the Czech Republic, to supply the emergent food market.
"This investment will strengthen our position on the fast growing Central Europe market," said Ilene Gordon, president and chief executive officer, Alcan Packaging. "It is a new and important step in Alcan Packaging's growth strategy implementation," she added.
The new plant will focus primarily on the production and printing of high quality rotogravure flexible packaging. The plant is expected to be operational in the fourth quarter of 2009 and to employ 100 people in the first development phase.
"Our customers are growing and we will be able to better serve their needs and deliver reliable, innovative, and high quality packaging materials and solutions," said Michael Cronin, president, Alcan Packaging Food Europe.
Alcan Packaging Food Europe, a business of Alcan Packaging, is the European leader in flexible packaging for the food and beverages market. Alcan Packaging Food Europe registered sales of USD 2.3 billion in 2007. It operates 31 plants in 18 countries and employs 7300 people.
Alcan Packaging is a world leader in value-added specialty packaging. It delivers multimaterial innovative solutions to customers around the world for the food, pharmaceutical, beauty, and tobacco markets. With 128 facilities and 30,000 employees in 31 countries, it generated USD 6.2 billion revenues in 2007. For more information, visit http://www.alcanpackaging.com.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the United Kingdom, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc), and iron ore. Activities span the world, but are strongly represented in Australia and North America, with significant businesses in South America, Asia, Europe, and southern Africa.