The market for automotive aluminum is rapidly consolidating with word of two separate deals involving five companies. The first is a three-way merger between Alcan Aluminum Corp. of Montreal; Pechiney of Paris; and algroup of Zurich, creating the world's largest aluminum producer. The new company will be based in Montreal and will be temporarily referred to as Alcan-Pechiney-algroup (APA), a Canadian corporation with 91,000 employees in 59 countries and combined 1998 sales and operating ...
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