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Alcan
Alcan was a Canadian mining company and aluminum manufacturer. It was founded in 1902 as the Northern Aluminum Company, renamed Aluminum Company of Canada in 1925, and Alcan Aluminum in 1966. It was rebranded once more in 2001, to Alcan Incorporated. During that time, it grew to become one of the world's largest aluminum manufacturers.
Alcan was purchased by Australian-British multinational Rio Tinto for $38 billion in 2007, becoming Rio Tinto Alcan Inc. in 2008. It was headquartered in Montreal, in its Maison Alcan complex.
The Northern Aluminum Company was founded in 1902 in Shawinigan, Quebec, as part of the Pittsburgh Reduction Company. In 1913, the company opened a kitchen utensil production plant and foundry in Toronto. It added a rolling mill in the plant a few years later.[citation needed]
During World War I (1914–18), aluminum production increased to 131,000 tonnes from 69,000.
In 1925, the company was renamed the Aluminum Company of Canada. It was responsible for rapid development in Arvida, today a part of the city of Saguenay in Quebec, by contributing to the construction of major ports and railway facilities. It began production at its sheet rolling and extrusion facility in Ontario in 1940.
In 1931, the Northern Aluminum Co. Ltd., or Alcan Industries Ltd. pig and rolled aluminum factory was opened on land acquired in 1929 in the then-hamlet of Hardwick, Banbury, England. The factory helped build parts for Spitfire fighter aircraft during World War II. The Alcan Laboratories Club was founded in 1948 by the lab technicians to promote the well-being of the workforce in general. As a result, the village began to grow. By the early 1950s, the local economy had become dependent on the plant's prosperity, with 24% of the town's workers being employed there. At this time, 13% were employed in distribution, 7% in clothing, and 5% in agriculture.
With the onset of World War II, the Allies' demand for aluminum expanded rapidly, and with it the company. Already accounting for roughly three-quarters of the production capacity for aluminum in the British Empire, the company's "assets increased fivefold; sales increased fivefold; net income increased sixfold" between 1937 and 1944, according to a report commissioned by the Government of Canada. The governments of the UK, Canada, US, and Australia facilitated this growth with low-interest loans and tax deferrals.
In 1945, the Aluminum Company of Canada was officially registered under the trade name Alcan. Sales fell substantially in the immediate aftermath of the war but rebounded with postwar expansion, as aluminum was increasingly in use in construction, by electrical utilities, and in manufacturing. In 1951, the company initiated a $500-million project at Kitimat, British Columbia, the largest public-private partnership ever created in Canada at the time.
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Alcan
Alcan was a Canadian mining company and aluminum manufacturer. It was founded in 1902 as the Northern Aluminum Company, renamed Aluminum Company of Canada in 1925, and Alcan Aluminum in 1966. It was rebranded once more in 2001, to Alcan Incorporated. During that time, it grew to become one of the world's largest aluminum manufacturers.
Alcan was purchased by Australian-British multinational Rio Tinto for $38 billion in 2007, becoming Rio Tinto Alcan Inc. in 2008. It was headquartered in Montreal, in its Maison Alcan complex.
The Northern Aluminum Company was founded in 1902 in Shawinigan, Quebec, as part of the Pittsburgh Reduction Company. In 1913, the company opened a kitchen utensil production plant and foundry in Toronto. It added a rolling mill in the plant a few years later.[citation needed]
During World War I (1914–18), aluminum production increased to 131,000 tonnes from 69,000.
In 1925, the company was renamed the Aluminum Company of Canada. It was responsible for rapid development in Arvida, today a part of the city of Saguenay in Quebec, by contributing to the construction of major ports and railway facilities. It began production at its sheet rolling and extrusion facility in Ontario in 1940.
In 1931, the Northern Aluminum Co. Ltd., or Alcan Industries Ltd. pig and rolled aluminum factory was opened on land acquired in 1929 in the then-hamlet of Hardwick, Banbury, England. The factory helped build parts for Spitfire fighter aircraft during World War II. The Alcan Laboratories Club was founded in 1948 by the lab technicians to promote the well-being of the workforce in general. As a result, the village began to grow. By the early 1950s, the local economy had become dependent on the plant's prosperity, with 24% of the town's workers being employed there. At this time, 13% were employed in distribution, 7% in clothing, and 5% in agriculture.
With the onset of World War II, the Allies' demand for aluminum expanded rapidly, and with it the company. Already accounting for roughly three-quarters of the production capacity for aluminum in the British Empire, the company's "assets increased fivefold; sales increased fivefold; net income increased sixfold" between 1937 and 1944, according to a report commissioned by the Government of Canada. The governments of the UK, Canada, US, and Australia facilitated this growth with low-interest loans and tax deferrals.
In 1945, the Aluminum Company of Canada was officially registered under the trade name Alcan. Sales fell substantially in the immediate aftermath of the war but rebounded with postwar expansion, as aluminum was increasingly in use in construction, by electrical utilities, and in manufacturing. In 1951, the company initiated a $500-million project at Kitimat, British Columbia, the largest public-private partnership ever created in Canada at the time.