Alcoa Opens First Plant in Bulgaria to Produce Consumer Products
Posted on: Wednesday, 26 April 2006, 12:00 CDT
Alcoa (NYSE:AA) announced today that it has opened a plant in Stara Zagora, Bulgaria, to produce household wraps products, including foil, film and disposer bags. This is the first Alcoa facility in Bulgaria, making it the 43rd country in which the company manufactures products in addition to its sales and marketing offices throughout the world. The plant will produce packaging products under the Reynolds(R) brand and Baco(R) brand names for the retail markets in the U.K., Eastern Europe and the Middle East.
Production of aluminum foil and PVC film has begun and bag production is expected to begin later this year. At full operation, the plant expects to employ approximately 200 people.
"Alcoa Packaging Bulgaria provides a new platform for the global growth of Alcoa's Packaging and Consumer Products business. This plant will operate with the highest environment, health and safety standards, and strive to be an excellent member of the community," said Ruth Mack, Vice President, Alcoa and Group President, Alcoa Packaging and Consumer Products.
About Alcoa Packaging and Consumer Products
The Alcoa Packaging and Consumer group offers closure and capping systems, containers, packaging materials, films and wraps, including Reynolds Wrap(R) foils and plastic wraps and Baco(R) household wraps. In addition, Alcoa provides solutions ranging from film, containers, lids, shrink sleeves, bags and baking cups. In 2005, Packaging and Consumer and the company's rigid can sheet business generated $6.2 billion revenue across the packaging market.
About Alcoa
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 43 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
Source: Business Wire
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