Alcoa Signs Agreement to Acquire Dooray Air Metal’s Extrusion Business

Alcoa Inc. and Dooray Air Metal Co. Ltd.

have announced that they have signed a definitive asset purchase agreement for Alcoa to acquire Dooray’s aluminium extrusion assets, located in Changwon, Korea. The two companies signed a memorandum of understanding in spring 2001 for Alcoa to acquire the Dooray assets. The Changwon facility produces hard alloy extrusions, rod and bar, extruded shape and tubing for use primarily in industrial, transportation, defence and aerospace applications.