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Alcan spin off

Aluminium company Alcan is spinning off its aluminium rolled-products business and giving it the name Novelis.Pending Canadian government and shareholder approval, the new company will begin operating from January 1, 2005.It will become the worlds largest aluminium rolled-products company based on revenues of $6.2 billion.Rick Hindley, UK national manager of Alcan Rolled Products, said: The strategy will be the same, as will the team. It is good news ...