Alcan Inc. has made changes in two of its packaging business sectors aimed at improving their positions in their respective market segments.
In its Global Pharmaceutical Packaging sector, Alcan will close its Cayey pharmaceutical glass vial operation, based in Puerto Rico, in order to streamline its North American vial manufacturing network. Poor demand for glass vials in the Puerto Rican market is the main reason Alcan is taking this measure, said a release here.
"Alcan regularly reviews its business portfolio in order to ensure its long-term viability. The difficult decision to close our Cayey Tubing facility was made following a thorough review of all our business options", said Christel Bories, President and CEO, Alcan Packaging.
The closure of the Cayey facility should occur by October 9, 2005. The plant’s production lines will be redistributed to other glass tubing plants in North America. Plans have been made to ensure a smooth transition for Alcan customers. This closure does not affect the plastics packaging operations also located in Cayey, Puerto Rico.
Alcan is a multinational, market-driven company and a global leader in aluminum and packaging.