Word: alcan
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With a 37-year career in the aluminum industry, handling coups and monetary crises, Richard Evans, 59, is no stranger to challenges. After four months as CEO of Montreal-based Alcan--the world's No. 2 aluminum producer and the market leader in such products as balsa wood and Stelvin wine caps--the record-making fly fisherman spoke with TIME's COCO MASTERS about energy efficiency, China and his Audi...
...nearly every industry, we see evidence of how doing good is good business. How is Alcan doing good...
...from after-sales - representing more than half a typical dealer's gain - may be hard hit. The new laws allow independent repairers to gain "authorized" status from manufacturers, giving them access to technical specifications previously off-limits. A spanner in the works for carmakers. Forging Ahead Canadian aluminum maker Alcan won European and U.S. regulatory approval for its 34 billion bid for French rival Pechiney after agreeing to spin off assets to satisfy the authorities' concerns. The go-ahead clears the way for the creation of the world's largest aluminum company...
...ages. As chief market strategist for the U.S.-based data firm Thomson Financial, Peterson keeps track of companies around the world who are buying and selling each other. And after some very slow years, he saw the urge to merge suddenly come rushing back. On Monday, Canada's Alcan launched a hostile j3.4 billion takeover bid for France's Pechiney, only the second such attempt in France in the past decade. The combined firms would be the world's largest aluminum company. The next day, three companies in the U.S. announced separate acquisitions valued around $1 billion or more each...
Last October, BP, Alcan, DuPont and others joined with Environmental Defense to launch the Partnership for Climate Action, pledging to reduce their greenhouse emissions to levels meeting or exceeding Kyoto's requirements. Ford, Daimler-Benz and Texaco have not yet joined, but last year they did quit the misleadingly named Global Climate Coalition, an industry group opposed to emissions controls. Honda and Toyota have introduced hybrid cars with emissions 40% lower than standard models of the same size...