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November 11, 2005
By: TOM BRANNA
Editor
Montreal, Canada-based Alcan Inc. has signed a leter of intent to sell its molded glass operations in Park Hills, MO; Mays Landing, Williamstown and Millville, NJ, as well as the company’s 46%-owned joint venture in Beijing, China to Glass Group Inc. Alcan executives said in a statement that the company decided to sell its molded glass operations as the result of a portfolio review of its packaging business. This is in line with the company’s objective to maximize value. The company will focus on growing its packaging business where opportunities exist in strategic markets.
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