Atlanta-based Alcan Cable has established a company in Mexico to run its aluminum electrical cable business in the country.
Alcan Cable de Mexico was formed as a domestic entity to increase the company's flexibility in responding to customer needs, Alcan said in a news release.
The new company, based in the city of Monterrey, will help Alcan build its sales and technical staff in cities such as Guadalajara, Mexico City and Monterrey. It also enables Alcan to do business in the local currency, the Mexican peso, which gained value against the dollar in 2010.
Alcan entered Mexico in 1995 and sells its products through a nationwide network of distributors. The company has four aluminum cable and rod plants in North America and one in Tianjin, China, which opened last year.
Alcan Inc. the parent company of Alcan Cable, is a subsdiary of Rio Tinto, an international mining company headquartered in London.
Visit www.cable.alcan.com for more information.