Vista Goes for Listing on Alternative Market: will Santa fill his Boots?
Readymatch
plc is to be re-named Vista Group plc in the pursuit of an AIM Flotation
which will involve the placing of up to 266,316 new Ordinary Shares at
95p per share. Admission to trading on the Alternative Investment Market
is being advised by W.H. Ireland Ltd and expected market capitalisation
at the Placing Price will be £14.6m.
o £1.1 million raised through Offer for Subscription
o Acquisition of Vista Panels Limited from Home Doors (GB) Ltd
o Further £253,000 being raised through Placing
o Installed value of domestic entrance door market grew by 10.3% to £556m
in 2001**
o Social Housing market increased by 13.2% in terms of installed value
in 2001**
o Well positioned to achieve further growth
o Remainder of financial year viewed with confidence
** Palmer Market Research Report
Gavin Johnson, the Non-Executive Chairman, commented:
'The results for the eight months to 31 August 2003 show Vista continues
to make good progress. The Company has developed some excellent products
which are continuing to attract interest from our 400 customers across
the UK.
The Palmer Market Report shows that the market is growing strongly. With
the additional profile provided by the flotation, we have the potential
to increase our market share.
I believe that Vista has considerable growth potential and I look forward
to reporting on our first set of results in the early part of 2004.'
(L-R) John Singleton, finance director of Vista; Keith Sadler, Chief Executive.
Keith has worked for Vista since its inception. Biographical details on
all the management are avaiable on this
downloadable Word document.
On 13 November 2003, Readymatch acquired the entire issued share capital of Vista from Home Doors, a member of the BHD Group, being manufacturers of conservatories, shower enclosures and PVC patio doors and windows for large DIY outlets and construction companies. To fund the expenses of the Acquisition and the Proposals the Company is seeking to raise £253,000 before expenses by way of a placing of up to 266,316 Placing Shares and will seek admission of the entire issued ordinary share capital of the Company to trading on AIM.
Vista was established in June 1995 as a door manufacturing business focusing principally on the manufacture of PVC door panels for a wide variety of customers. In November 1999, Vista was acquired by Home Doors and in May 2000, relocated to its present site for additional space to facilitate increased production. In July 2000, it acquired the assets of a Composite Doors manufacturing business to meet a demand for Composite Doors by Home Doors and other customers.
The
Company is proposing to raise £253,000 before expenses, by way of
the placing of up to 266,316 Placing Shares at 95p per share. Assuming
full subscription, the Placing Shares will represent approximately 1.73
percent. of the Company’s issued share capital following Admission.
The Placing Shares will be issued credited as fully paid and will rank
pari passu in all respects with the Existing Ordinary Shares.
Application will be made to the London Stock Exchange for the Ordinary
Shares to be admitted to trading on AIM. It is expected that trading in
the Ordinary Shares will commence on 19 December 2003.
The Placing is conditional upon Admission.
Download the Issue Document
here.
Planet
PVC Group Debuts on Sunday Times Fast Track 100 List
Planet
PVC Group plc, the UK’s fastest growing installer of conservatories,
windows and doors, has appeared for the first time in the Sunday Times
Virgin Atlantic Fast Track 100 league table published this Sunday (7 December)
by the Sunday Times.
The Preston-based company, which appears at number 84, is recognised for
its sales, which have grown 67 per cent a year from £2.8 million
in 1999 to £12.9 million in 2002. Planet is forecasting a £50
million turnover this year and opened its latest megastore in Southampton
this weekend. It has plans for 40 more by 2006.
The 2003 Fast Track 100 is based on Britain’s fastest-growing private
companies. Planet PVC finds itself in the company of the Global Beer Company,
the publisher of Express newspapers and OK! magazine, Rocco Forte Hotels
and Moneysupermarket.com. This year’s No 1 company is Redbus Film
Distribution, which co-produced the cult film Bend it Like Beckham.
Planet PVC is one of just 41 companies based outside London and the South
East in the Fast Track 100 and one of 21 companies based in the North.
Dean St John, chairman and founder of Planet PVC said; “We are absolutely
delighted to find ourselves on the list and be recognised for our achievements.
The company has grown steadily in the last few years at a time when other
businesses in our sector have been struggling. We are proud of the progress
we have made.”
Now in its seventh year, the Fast Track 100 is compiled by Oxford-based
research and events company Fast Track.
Established in 1995, Planet PVC Group is the UK’s fastest growing
installer of conservatories. With a projected turnover of £50 million
for 2003/04 it is headquartered in Bamber Bridge, near Preston and employs
over 300 people.
It operates showrooms and megastores on a company owned and franchise
basis with facilities in Leyland, Bolton, Cambridge, Chiltern, Gloucester,
Haydock, Hertfordshire, Isle of Man, Leeds, Neston, Planet Norfolk, Southampton,
South Lakes and Wakefield. It is due to open franchises in Eastbourne
and Cheltenham before the end of 2004 and is aiming to have 40 franchises
by 2006.
Duraflex
United Under One Roof for First Time
‘Groundbreaking’
best describes a major investment programme taking place in Gloucestershire
for PVCu systems company Duraflex. After months of detailed negotiations,
planning approval for a 260,000sq ft headquarters was granted in October
and work has already begun on site.
This prestigious new site near Tewkesbury will unite the company under
one roof for the very first time. As such, it represents a major milestone
and an opportunity for the company to further enhance customer service.
The plans are for a future-proof facility that will accommodate all aspects
of the business, including manufacturing, warehousing, distribution and
administration with offices on three floors and extensive stockholding
reaching 15m to the eaves using the latest technology in high bay racking.
According to the Duraflex project team, work is progressing apace on the
green field site, which is conveniently situated off Junction 9 on the
M5. Both new and existing warehousing and manufacturing operations will
be run in parallel during next year until the new facilities are fully
tested and operational. A phased move is then planned which will minimise
the disruption to staff and customers usually associated with large-scale
move projects.
‘There’s a real sense of excitement among our employees who
are being kept up to date with all the latest news and photos from the
site via e-mail and newsletters. We’re already off to a cracking
start and are all looking forward to final completion next year,’
commented Chris Phillips, Duraflex’s MD.
Tel: 08705 351351
Web: http://www.duraflex.co.uk
Ultraframe
Proposes a 7.8% Dividend Increase on Downbeat 52 Week Prelims
Ultraframe Plc, the leading specialist designer of conservatory systems
in Europe and North America, announced on December 2nd preliminary results
for the 52 weeks ended 26 September 2003. These showed a modest decline
in turnover on continuing operations to £139.1m (2002: £145.2m),
largely due to falling sales (and bad weather) in the USA, but a good
improvement in gross and net margins reflecting tighter overhead control
and operational improvements. Good news for shareholders though: a proposed
7.8% increase in full year dividend to 11.1p.
Financial Highlights (last year's figures on brackets):
Turnover on continuing operations £139.1m (£145.2m
)
Operating profit on continuing operations £33.4m (£33.5m
)
Profit before tax £32.0m (£31.3m)
Earnings per share 22.9p (22.4p)
Statutory results:
Operating profit £29.8m (£28.8m)
Profit before tax £28.1m (£27.1m)
Earnings per share 20.0p (19.4p)
* Management use results that exclude goodwill amortisation and exceptional
items as the primary measure to provide a better comparison of underlying
business performance.
** Given the 8% depreciation in the dollar exchange rate during the year,
the use of constant rates of exchange more clearly portrays the underlying
trend of the business.
Chief executive David Moore commented:
'We have remained focused this year on investing in product innovation,
the extension of distribution channels and improving operational efficiency.
These initiatives have resulted in good growth in margins and will enable
us to further exploit the long term growth prospects in the business.
In the short term, the UK will remain challenging. Our strategic plans
for the development of our North American business are on track and we
expect growth in 2004 in this important market.'
Chairman Rod Sellers added:
'I am pleased to report continued progress in our businesses, despite
the challenges we have encountered during the year. While the board does
not anticipate the growth in the US business to fully compensate for an
expected decline in sales in the UK market this year, it continues to
be confident in the attractive long-term fundamentals of the business,
which is reflected in our decision to increase the dividend.'
Download the full report (a 19 page, 72K PDF file) here.
Machinery
giant Promac has committed itself to exhibiting once again on a large
scale at Glassex 2004, following its highly successful participation at
the recent Glass Processing & Technology exhibition and conference
that was organised by the same team at EMAP Maclaren.
Promac has exhibited at every Glassex in the event’s 24 year history,
taking advantage of the intrinsic benefits, only possible with an exhibition,
of displaying the full size production lines that are Promac’s speciality.
But following a highly successful appearance at GP&T, and learning
of the new initiatives being introduced for Glassex, Promac’s directors
have confirmed their decision to exhibit at Glassex once again.
In
the foreground, Leah Tidy shakes on the deal with Promac's Jim Jellicoe,
while David Stockton Chalk, Derek Bonnard and Sergio Cosano (Forel) look
on.
‘Glassex has been very successful over the years for Promac, and
has contributed greatly to our position as the UK’s number one window
and glass machinery supplier,’ commented David Stockton-Chalk, Promac’s
Chairman. ‘We took part in GP&T, which was the first EMAP Maclaren
event to be organised by the new team, and we were very impressed by the
innovation and freshness they introduced. We are therefore very keen to
emphasise our support for Glassex, for which a number of new initiatives
are being introduced.
‘Glassex still offers fabricators the only opportunity to see and
try window manufacturing machinery in real-life. Anyone making such a
large capital investment in their business cannot afford to miss Glassex,’
added Mr Stockton-Chalk.
A number of exciting new initiatives have been announced for Glassex ’04,
including The Glassex Auction, The Glassex Challenge, and The Glassex
Conservatory Design Competition.
The Glassex Auction is open to all exhibitors who wish to auction such
items as unwanted and end of line stock, machinery, tools, consumables
and so forth, and is expected to be a major pull for visitors looking
for a bargain. The Glassex Challenge, and Glassex Conservatory Design
Competition, however, are designed to test the skills of visiting fabricators
and installers who operate at the sharp end, offering an opportunity to
demonstrate their professionalism against the country’s finest whilst
promoting excellence within the industry.
The Glassex Challenge is a competition to find the UK’s best fitting
team through a series of window, door and conservatory roof installation
competitions whilst The Glassex Conservatory Design Competition will require
a little less energy, with the winner being the company or individual
adjudged to have produced the most innovative and striking design, in
a number of applications.
Further details of all events, and for exhibiting or visiting Glassex
2004 may be found at http://www.glassex.com,
or by calling 020 8277 5000.
Andersen
to Launch Revolutionary Window at Interbuild
Andersen,
the world's largest wood window manufacturer, is launching a new range
of windows at Interbuild 2004. The
UK's major building and construction exhibition takes place at the NEC
in Birmingham from April 25-29 and as always, new products will be a central
feature of the Show.
On display to the industry for the first time will be Andersen's new Woodwright
sliding sash window, the first of a new generation of made-to-measure
windows to use Fibrex - a new type of composite made from a patented blend
of reclaimed pine wood fibre bonded with a specially formulated thermoplastic
polymer.
Andersen says that, with its unique properties, Fibrex not only delivers
a strength, rigidity, and thermal performance equal to wood, and a stability
superior to wood, but it has the texture and appearance of natural wood.
The polymer coated fibre is resistant to flaking, blistering, peeling,
cracking and corrosion so that, like PVCu, there is no need for painting
or regular maintenance.
Andersen has used this technology to create a high performance window
with the texture, warmth and traditional narrow profiles of a classic
'solid wood' box sash.
The difference is in every detail. Fibrex sashes, available in both equal
and cottage styles which tilt inwards for safe and easy cleaning, mortise
and tenon-styled joints instead of unsightly welded corners, traditional
chamfered check rails, a range of high definition external glazing bar
options, and a choice of pine, oak, maple and primed white interior finishes,
all adding to the authentic appeal.
'The Woodwright with Fibrex is a significant breakthrough in window technology
and design, which will allow house builders to offer their customers high
performance, low maintenance products, with the design flexibility and
careful detailing associated with traditional wood windows,' said Jim
Lawrie, Chief Executive of Black Millwork, distributor for Andersen Windows
in the UK and Ireland.
'Interbuild will be the ideal place to show the range because it's the
event where all sections of the industry come together and we are looking
forward to discussing our products with regular customers and prospective
new ones.'
With the range available in made-to-measure as well as 99 standard sizes,
Woodwright is suitable for both new build and refurbishment projects.
As with all Andersen windows and patio doors, the Woodwright comes with
soft coat low E, argon-filled double glazing, as standard, and is fully
compliant with Part L of the Building Regulations. Additional glazing
options include high performance, reinforced and tinted sun glass.
Tel: 01283 511 122
Email: mailto:info@blackmillwork.co.uk
Web: http://www.blackmillwork.co.uk
For more information on Interbuild or to pre-register, visit: http://www.interbuild.com
Serenade
Windows Advert Attracts Complaint
A
complaint by Budget Windows Ltd, objecting to a directory advertisement
for glazing company Serenade Windows of Luton, Bedfordshire was upheld
according to published details from the Advertising Standards Authority.
Complaint:
Budget Windows objected to a directory advertisement which stated '...
Established 17 years ...'. The complainants, who pointed out that the
company was incorporated in 1996, challenged the claim.
The Adjudication: Complaint upheld
The advertisers said they started trading in 1987 and formed a limited
company in 1996. They said the name Serenade was derived from the design
of a house the director had bought in 1987; he sent a copy of the sales
reservation for the house dated 1987. The advertisers said they had records
dating from 1989 and sent a sales contract dated 1989. The Authority was
satisfied that the advertisers had been trading since 1989 but concluded
that, because they did not send sufficient documentation that showed they
had been trading since 1987, the advertisement was misleading. It told
the advertisers to amend their advertisement and advised them to contact
the Committee of Advertising Practice Copy Advice team for help with the
changes.
GIS
Windows Ltd Advert Attracts Complaint
A
complaint by Budget Windows Ltd, objecting to a regional press advertisement
and directory advertisement for double-glazing company GIS Windows Ltd
of Luton, Bedfordshire was upheld in one of the two objections, according
to published details from the Advertising Standards Authority.
Complaint:
Budget Windows objected to a regional press advertisement and directory
advertisement for a double-glazing company. The directory advertisement
was headlined 'Simply the best GiS WINDOWS'. Text included 'Thinking of
Double Glazing? Talk to the people who have been in business for 24 years,
and are the only manufacturing company in the Home Counties to hold these
qualifications'. under British Standard Kite Mark logos were: 'BS 7412/BS
7950 KM-34025 ENHANCED SECURITY; BS 5713: 1979 KM-09873 SEALED UNITS;
BS 7412: 1991 KM-12886 PVC WINDOWS'. The regional press advertisement
was headlined 'GiS WINDOWS 23 years and still growing'. The complainants
challenged the claims:
1. 'in business for 24 years' in the directory advertisement and '23 years
and still growing' in the press advertisement, and
2. 'the only window manufacturing company in the Home Counties to hold
these qualifications'.
The Adjudication was as follows:
1. Complaint not upheld
The advertisers provided copies of documents from Companies House that
showed Glass Insulation Specialists Ltd was incorporated in January 1979
and became Glass Insulation Specialists plc in May 1999 when it re-registered
as a public company. They provided a copy of a document from Companies
House which established that GIS Windows Ltd was formed in September 1994.
The advertisers explained GIS Windows Ltd was merely the domestic installation
division of the GIS plc group of companies. They said domestic double
glazing had been installed by Glass Insulation Specialists Ltd from 1979
and GIS Windows Ltd was now the company in the Group that carried out
domestic installations. The advertisers said the Managing Director of
Glass Insulation Specialists Ltd in 1979 was now also the Managing Director
of GIS Windows Ltd. The advertisers said they had wrongly claimed they
had traded for 23 years and would amend the advertisement to state 24
years. The Authority noted that, although GIS Windows Ltd was incorporated
only nine years ago, the company's Group had been in the domestic insulation
and double glazing business for 24 years. On that basis, the Authority
considered that the advertisers' claim to have been in that business for
24 years was justified.
2. Complaint upheld
The advertisers provided copies of their BSI accreditations to substantiate
they held the three kite marks. They said they had searched the BSI website
and had found no manufacturing double glazing companies based in the Home
Counties that had the three kite marks; they provided evidence of their
search. The Authority noted that the advertisers had not taken Kent to
be in the Home Counties. Nevertheless, the Authority considered that Kent
was one of the Home Counties and, because it was satisfied that one of
the leading companies in the domestic installation industry had a manufacturing
plant in Kent and held all three kite marks, that the advertisers' claim
was wrong. It asked the advertisers not to imply they were unique in the
Home Counties in having the accreditations.
Demag
Cranes Wins Contract to Supply Veka
Materials
handling specialist, Demag Cranes & Components Ltd, has won a significant
contract for the supply of equipment to Veka plc, Burnley based designer
and extruder of PVCu window and door systems, and PVC-UE building products
and trims.
As part of an expansion of production and storage facilities, Veka has
commissioned Demag to provide an advanced automatic storage and retrieval
system comprising stacker cranes, input stations and output pick stations.
The system integrates with Veka's existing system.
To transport stillages from the production area to the long bar stackers
in the storage area Demag is to install a semi-automatic conveyor system,
which comprises two massive runs, of overhead monorail profile tracking
system.
Demag is also installing wire rope hoists, load trolleys, drive units
and control panels.
It is claimed that the contract is the largest UK order Demag has ever
received for this type of monorail system and, due to the integrated nature
of the solution provided, it is one of the most complicated installations
in the world.
Email: mailto:cranesales@demagcranes.com
Web: http://www.demagcranes.com
In
line with its continued growth, European specialist glass processors HansenGlass
is undertaking an expansion programme at the company's offices and manufacturing
facility in Kirkby, Merseyside.
The company has ordered one of the largest screen print machines to cope
with the increasing demand for its Ceramalite and Ceraphic surface decoration.
The new print machine has a maximum print area of 4800mm x 2440mm. It
incorporates a tilt table, automatic glass panel positioning system with
a transport conveyor linking the print unit with the infrared and hot
air ceramic ink dryer for a high quality finish.
Other elements of the expansion include an extension to the offices, a
new canteen and new first floor offices for the Production Department
and Management Team. There will also be a new glazed façade for
the existing sales offices.
Graham Chung, Sales and Marketing Director comments: 'Our success at HansenGlass
has been a team effort. The motivation of our employees, our attention
to quality and the service we provide are some of the reasons we are one
of the strongest performers in the industry. Our current expansion programme
reflects our continued success.'
Web: http://www.hansengroup.net
Laird
Security Systems Expands in High Growth Market
The
Laird Group PLC announced recently the acquisition of Intron Limited for
an initial consideration of £9.0 million in cash and loan notes,
together with a potential earn-out payment capped at £6.0 million
based on the achievement of future profit targets and estimated to be
approximately £3.5 million.
Intron specialises in high specification composite doors which are sold
under the Homesafe brand name. The composite door market is a significant
growth sector in the UK with Palmer, a leading building industry market
analyst, forecasting that unit sales of composite doors in the UK will
more than double from 144,000 units in 2002 to over 300,000 units by 2007.
The enhanced security and low maintenance characteristics of the product
make it particularly attractive for residential homes in the social and
private housing sectors where replacement is responsible for 90% of demand.
The Government’s commitment to the Decent Homes Standard is expected
to contribute to this overall level of market growth.
The acquisition of Intron will allow Laird Security Systems to bring a
unique and fully integrated solution to the market. Laird Security Systems
will provide the skills and resources to expand Intron’s manufacturing
capacity and service capabilities while achieving synergistic benefits
through the use of Laird Security Systems’ door hardware. The Intron
management team will remain with the business which will continue to operate
from its existing facilities. Intron reported a 19% increase in sales
for the year ended 30th June 2003, to £8.0 million, from sales of
£6.7 million in the previous year.
Commenting on the acquisition, Peter Hill, Chief Executive of The Laird
Group, said:
'Laird’s ongoing strategy is to develop businesses in specialist
markets with opportunities for growth where our technology and expertise
provide a competitive edge, resulting in increased shareholder value.
The combination of Laird’s high service levels and Intron’s
superior products is an exciting development for the business and our
customers. By broadening its range of products Laird Security Systems
will further enhance its leading position in the building products market.
Heartwarming
Result for Profile 22
Recent
thermal tests on Profile 22's 70mm window have confirmed that the company's
70mm Fully Integrated System can achieve a U value of 1.8 W/m2 deg K -
meeting the energy efficiency requirements of Scottish Technical Standard
Part J.
The NPL carried out the Wall-Guarded Hot-Box tests on a 70mm Bubblex gasket
window using standard Low E glass: ie: non-argon fill, hard coat with
standard aluminium spacer tubes. Thermal transmittance equipment and measurement
procedures conform to the requirements of BS EN ISO 12567-1.
Profile 22's Product Manager, Nic Rossano comments:‘We are pleased
to confirm that the 70mm system has achieved the 1.8 U value using standard
components and the Bubblex pre-gasketed system.
‘This means the 70mm window system can be offered with standard low
E glass without the additional cost of thermally enhanced units incorporating
argon gas fill, warm edge spacer bars or additional soft coat technology’
adds Nic.
Tel: 01952 290910
Quanex
Buying TruSeal Technologies
Quanex
Corp., a manufacturer of engineered materials and components for windows
and doors and numerous other products, reports that it has signed a definitive
purchase agreement with Kirtland Capital Partners to purchase the stock
of TruSeal Technologies, Inc., in a cash transaction. The transaction
is expected to close in January. Terms were not disclosed.
TruSeal, headquartered in Beachwood, OH, manufactures and markets a full
line of flexible insulating glass spacer systems and sealants for wood,
vinyl and aluminum windows. In addition to Swiggle Seal, TruSeal’s
initial flexible spacer system, the supplier has expanded its line in
recent years to include DuraSeal and InsulEdge.
With estimated revenue for 2003 of approximately $80 million, TruSeal
employ about 300 employees. The operation will become part of Quanex’s
Building Products segment. Existing operations within that segment include
Homeshield, a producer of spacers, muntin, and other roll-formed products
based in Chatsworth, IL; Amsco, a manufacturer of window and patio door
screens and other components, based in Rice Lake, IA.
Both were acquired by Quanex as part of Nichols-Homeshield in 1989.
Its Nichols Aluminium division continues to supply aluminium sheet and
coil to both the Homeshield and Amsco businesses, as well as many other
customers. Imperial Products, a producer of thresholds, astragals and
other exterior door components based in Richmond, IN was acquired by Quanex
in 2000 and Colonial Craft, a supplier of wood grilles for Andersen Windows,
as well as jamb extensions, bay and bow components and other window,
door, and millwork products based in Roseville, MN, was bought by Quanex
in 2002. 'TruSeal is a leading manufacturer in its industry and this acquisition
complements our efforts to provide our door and window customers with
a broad range of high quality components and products,' states Raymond
Jean, chairman and chief executive officer of Quanex.
'Today, some 90 percent of all new windows manufactured feature insulating
glass, and with window demand increasing faster than new home starts,
the outlook for this type of business is excellent. TruSeal will also
provide some customer diversification and give us a platform for international
expansion. We look forward to having their strong management team help
us grow our building products segment, and expect the acquisition to be
accretive to earnings in its first year. The acquisition of TruSeal, like
Colonial Craft before it, serves as an excellent example of the type of
acquisition we'll make at Quanex as we profitably grow our core businesses.'
A publicly-traded company, Quanex’s stock is listed on the New York
Stock Exchange. For fiscal year 2002, it reported total sales of
$994.4 million. Its building products segment reported sales of $534.9
million for fiscal year 2002.
Alcoa
Applauds Preliminary Determination of ITC in Aluminum Dumping Investigation
Alcoa
Inc.
applauded the International Trade Commission's 6-0 vote to continue the
investigation into dumping of certain aluminium plate imported from South
Africa. The vote was taken at a public meeting of the ITC on 1st December
in Washington, D.C.
'The vote means that the ITC has found a 'reasonable indication' of injury,
which has been our position in this case,' said Robert S. Wetherbee, President
of Alcoa Mill Products, the Alcoa business unit that manufactures aluminium
alloy plate covered by this investigation. 'We look forward to the continuation
of the case and to presenting the facts necessary to secure an antidumping
duty order against the imported product from South Africa. We believe
the facts in this case clearly warrant such a finding.'
This case covers only imports of 6000 series alloy plate, a product used
widely in American industry. The South African exporter of this plate,
Hulett Aluminium (Pty) Limited, has enormously expanded its sales in the
U.S. through low-priced sales that Alcoa believes have been 'dumped' in
the United States.
The case will continue with an investigation into the alleged dumping
by the Department of Commerce. If the Commerce Department finds dumping
in its investigation, the ITC will have a final ITC injury investigation
in the autumn of 2004. If the dumping and injury determinations are both
affirmative, an antidumping duty order will be entered, requiring imports
of covered aluminium plate from South Africa to pay antidumping duties
equal to the difference between 'normal value' (i.e., the selling price
for comparable products within South Africa) and the prices charged to
customers in the United States.
Web:
http://www.alcoa.com
Alcoa
Completes Jamaican Expansion and Breaks Ground in Suriname
Alcoa
World Alumina and Chemicals - a global alliance between Alcoa and Alumina
Ltd, with Alcoa holding 60 percent - has completed the 250,000 metric
ton ('mt') construction expansion of its Jamalco alumina refinery in Clarendon
and will be started ahead of schedule, and has broken ground on a 250,000
mt alumina expansion at its Paranam alumina refinery in Suriname.
In addition, Alcoa's Board of Directors has approved efficiency upgrade
plans for AWAC's Pinjarra alumina refinery in Western Australia that will
increase capacity there by 600,000 mt, and the project is now awaiting
formal environmental approval from the state government.
Web: http://www.alcoa.com