Posted in | News | Non-Ferrous Alloys and Metals | Materials Processing | Aluminum / Aluminium

Alcoa Creates Soft Alloy Joint Venture with Sapa Group

Jun 12 2007

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Alcoa announced today that it has completed the creation of its soft-alloy extrusion joint venture with Sapa Group, part of Norwegian conglomerate Orkla ASA. The joint venture involves the contribution of Alcoa's soft-alloy extrusion business into a joint venture company, Sapa AB, which will be the world’s largest aluminum profile company with annual sales of approximately $4.5 billion and 12,000 employees. The new company is majority owned and operated by Sapa, based in Stockholm, Sweden.

Last November, Alcoa announced its plan to fold its soft-alloy business into a joint venture company with Orkla, with the intention of eventually offering an IPO of the combined entity. Alcoa has 22 soft-alloy extrusion facilities in eight countries with 6,400 employees. Sapa Profiles has 18 facilities in 12 countries.

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