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Rio Tinto Completes Sale of Alcan Composites

08 December 2009

Following their announcement earlier in the year, Rio Tinto has now completed the sale of Alcan Composites to Schweiter Technologies for a fee of around US$349 million.

Alcan Composites has built its reputation on providing core materials for sandwich constructions, particularly in the wind energy industry. Its best-known brands are Airex, Alucobond Baltek, Dibond, Forex, Gator, Kapa and Sintra.

Rio Tinto is primarily a specialists in mining and the exploration of metals and minerals. The sale of Alcan Composites is part of a series of divestments in 2009, which total US$5.2 billion of agreed asset sales.






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