(: ) | |
Industry | Aerospace, Mass Transportation, Building, Construction, Packaging, Aluminium, Alumina. |
Founded | 1902 as a subsidiary of Alcoa |
Headquarters | Deloitte Tower, Montreal, Quebec, Canada |
Key people
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Alfredo Barrios, President and CEO |
Products | Aluminas, aluminium sheet, extrusion billet, rod and remelt ingot, alloys, cable, packaging |
$2.786 billion USD (2006) | |
Number of employees
|
68,000 (including joint-ventures) |
Parent | Rio Tinto |
Website | www |
Rio Tinto Alcan Inc. is a Canadian company based in Montreal. It was created on November 15, 2007 as the result of the merger between Rio Tinto PLC's Canadian subsidiary, Rio Tinto Canada Holding Inc., and Canadian company Alcan Inc. On the same date, Alcan Inc. was renamed Rio Tinto Alcan Inc..
Rio Tinto Alcan Inc. is the global leader of aluminium mining and production, above its one time parent Alcoa (from which it split in 1928), Rusal and some Chinese public companies.
Founded in 1902 as the Canadian unit of Alcoa, it was spun off in 1928. R.E. Powell left Alcoa to become Vice President of the Aluminium Company of Canada (later Alcan) in Montreal, was President from 1937–57 and was then Chancellor of McGill University from 1957-64.
Alcan has gone through several name changes:
In 2008 Alcan Inc was amalgamated with Rio Tinto Canada Holding Inc following Rio Tinto Canada Holding Inc's acquisition of a majority of the share capital in Alcan Inc. Following the acquisition which was carried out by way of amalgamation Rio Tinto Canada Holding Inc was renamed Rio Tinto Alcan Inc.
From 1935 to 1945, the use of Aluminum in Alcan's name was being disputed by Alcoa, but a decision by the United States Circuit Court of Appeals ended the legality of the company's name.
Historically, Alcan was one of Canada's most important and powerful companies, and was listed as the sixth "largest" in 1975.
In 1982 the company acquired the British Aluminium Company, renaming the operation British Alcan. In 1999, Alcan made a failed attempt to make a three-way merger between it and Algroup (Alusuisse Lonza Group) of Switzerland and Pechiney of France. The proposed merger was blocked by the European Commission due to fears of anti-competition. After the deal fell through, Alcan acquired Algroup in 2000. Then in 2003, Alcan acquired Pechiney, completing the original three-way merger plan of 1999.