Ceramic Industry News

Rio Tinto Reaches Divestment Milestone

March 3, 2010
/ Print / Reprints /
/ Text Size+

Rio Tinto’s divestment program has passed the $10 billion mark with the completion of the sale of its Alcan Packaging Food Americas division to Bemis Co., Inc. for a total all-cash consideration of $1.2 billion.

“Our balance sheet has been transformed in the past 12 months on the back of the divestment program, the rights issues and continued strong operating cash flows,” said Guy Elliott, chief financial officer. “The recapitalization leaves Rio Tinto well-placed to consider value-adding investment opportunities as they emerge.”

For more information, visit www.riotinto.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.



Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI July 2014

2014 July

Our annual Data Book & Buyers' Guide is your best resource for suppliers of materials and equipment for the ceramic, glass, brick and related industries. Check it out!

Table Of Contents Subscribe


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.


CI Data Book July 2012

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


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px