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Alcoa to divest Chemicals Operations

Published on 2003-01-20. Author : SpecialChem


Alcoa announced plans to divest its chemical operations as part of a massive restructuring.

Alcoa's chemical businesses include adsorbents, catalysts, refractory materials, and specialty alumina hydrates used in adhesives. Sales were not disclosed.

Other operations to be divested include specialty packaging equipment, architectural products in North America, commodity automotive fasteners, certain fabricated operations in South America, and certain aluminum foil facilities.

The businesses to be divested had total sales of about $1.3 billion in 2002.

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