Ceramic Industry News

Alcoa Sells Specialty Chemicals Business

March 18, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
Alcoa Inc. recently announced that Alcoa World Alumina & Chemicals has completed the sale of Alcoa Specialty Chemicals.

Alcoa Inc. recently announced that Alcoa World Alumina & Chemicals (AWAC), a global alliance between Alumina Limited (40%) and Alcoa (60%), has completed the sale of Alcoa Specialty Chemicals to two private equity firms led by Rhone Capital LLC for approximately $342 million, which includes the assumption of debt and other unfunded obligations. This sale is part of the divestiture program announced by Alcoa in January 2003.

Under the new ownership, the business has been renamed Almatis. "Our products, our people, and our production facilities remain the same," said Gangolf Kriechbaum, Ph.D., chief commercial officer. "Almatis continues as the high-quality global supplier of alumina materials, with no changes to our alumina feed and a long-term supply contract from Alcoa. Almatis remains focused on satisfying our highly valued customers around the world with quality alumina products."

The company's website is located at http://www.almatis.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px