Montreal, Canada, June 5 /PRNewswire/ -- Alcan Inc. (NYSE, TSX: AL) today announced that President and Chief Executive Officer, Travis Engen, will chair the World Economic Forum Water Initiative, a partnership of public and private organisations with the aim of improving watershed management.
"Reliable access to fresh drinkable water is one of the most important and fundamental issues for many communities", said Travis Engen, President and CEO of Alcan Inc. "I am pleased that Alcan can bring to bear its 101-year experience with the management of watersheds and water resources to enhance the availability of this precious resource."
With a century of history in managing water basins, water flows and hydro-electricity operations, water represents a core business consideration for the Company. Alcan owns and operates watershed and hydro generation resources on three continents that supply 62 per cent of its significant aluminum smelter energy needs. In addition, success stories such as the work Alcan's Singen plant in Germany has accomplished in groundwater preservation and protection places the Company in a unique position. This allows us to share our experience in water stewardship and bring viable solutions to the Forum's Water Initiative.
The Water Initiative will bring together public-private partnerships to improve the management of watersheds "from the summit to the sea". Their goal is to improve the quality and quantity of water for both business and communities by sharing best practices and partnering in the maintenance and management of watersheds around the world.
Alcan is a multinational, market-driven company and a global leader in aluminum, packaging, and recycling with 2002 revenues of US$12.5 billion. With world-class operations in primary aluminum, fabricated aluminum as well as flexible and specialty packaging, Alcan is well positioned to meet and exceed its customers' needs for innovative solutions and service. Alcan employs 53,000 people and has operating facilities in 41 countries.