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Alcan Acquires Patents and Technology for Foamable Pet Composite Material From Mossi & Ghisolfi Group
PARIS, July 5 /PRNewswire/ -- Alcan Inc. today announced that its subsidiary Alcan Airex in Sins, Switzerland has acquired the patents and know-how for foamable PET (polyethylene terephthalate) technology from Italy-based Mossi & Ghisolfi Group, to secure the global availability of PET-based foam core materials for the growing composites, packaging and other industrial markets. Terms of the transaction were not disclosed. "The acquisition of the patents and the know-how for foamable PET technologies from our Italian supplier will allow Alcan to secure the long-term global availability and supply of PET-based materials to all our customers," said Pierre Monéton, President, Core Materials, Alcan Composites. "Having the exclusive rights to this technology will enable Alcan to continue to innovate in new PET-based core materials for the wind energy, marine and transportation markets worldwide," he added. PET has emerged as a key material to serve the increasing demand for sandwich core materials in the expanding wind energy market, as demonstrated by the success of AIREX(R) T 90, a PET-based foam core material that was launched in 2005. AIREX(R) T 90 is one brand out of Alcan's broad range of superior core materials for structural sandwich applications in the wind energy, marine and transportation markets. Mossi & Ghisolfi (M & G) Group is the largest producer of PET for packaging applications and is a technological leader in the polyester market. The group is globally active and is headquartered in Tortona, Italy. Alcan Inc. (NYSE: AL; TSX: AL) is a leading global materials company, delivering high quality products and services worldwide. With world-class technology and operations in bauxite mining, alumina processing, primary metal smelting, power generation, aluminum fabrication, engineered solutions as well as flexible and specialty packaging today's Alcan is well positioned to meet and exceed its customers' needs. Alcan is represented by 68,000 employees, including its joint-ventures, in 61 countries and regions, and posted revenues of US$23.6 billion in 2006. The Company has featured on the Dow Jones Sustainability World Index consecutively since 2003. For more information, please visit: www.alcan.com.
