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the merger of Alcoa and Alcan means to counter competition from China and Russia.
- China Aluminium Network
- Post Time: 2007/5/11
- Click Amount: 592
Alcoa offered 33 billion US dollars to purchase Alcan, and if it is successful, which will become the largest acquisition in the history of Canada. After the merger, the business will cover 67 countries, and have 188,000 employees, and the turnover will reach 54 billion US dollars, which make Alcoa be the global giant.
Alcoa said that China and Russia control 35% of global aluminum market and 40% of productivity, particularly in China market, which accounted for from 7% to 22% during the eight years. So the merger of Alcoa and Alcan means to counter competition from China and Russia.
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