Apr 19 2005
Alcan Inc. announced today that it has acquired the tobacco packaging interests of CM Printing Sdn Bhd (CMP) in Malaysia. This acquisition is a further step in Alcan Packaging’s strategy of developing its footprint in emerging economic regions. Terms of the transaction were not disclosed.
"Our major tobacco customers are investing heavily in South-East Asia and it is important for us to grow our local manufacturing presence to better serve their needs," said Christel Bories, President and Chief Executive Officer, Alcan Packaging. "The tobacco packaging business of CMP is well established and has a very skilled workforce which will enable us to support our multi-national tobacco customers in the region," she added.
Located at Rawang, Alcan Packaging Malaysia Sdn Bhd will incorporate modern equipment and infrastructure to further complement Alcan Packaging's existing tobacco and flexibles printing capability in South-East Asia.
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