Rio Tinto Alcan to invest in packaging plant in Czech Republic

Alcan Packaging, a division of Rio Tinto Alcan, announced that it will invest 17 million euro (approximately US$27 million) in the Central European packaging market. Alcan Packaging will build a flexible packaging facility located in the Novy Bydzov area, in the Czech Republic, to supply the emergent food market. “This investment will strengthen our position on the fast growing Central Europe market," said Ilene Gordon, president and chief executive officer, Alcan Packaging. The new plant will focus primarily on the production and printing of high quality rotogravure flexible packaging. The plant is expected to be operational in the fourth quarter of 2009 and to employ 100 people in the first development phase. Source: Metals Insider