SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated June 20, 2003
Commission File No. 1-14110
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PECHINEY
(Name of Registrant)
7, Place du Chancelier Adenauer
75218 Paris Cedex 16
France
(Address of Principal Executive Offices)
______________
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F: |X| Form 40-F: |_|
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
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Yes: |_| No: |X|
Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing
the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes: |_| No: |X|
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with
Rule 12g3-2(b): 82- __________
Enclosure: Press release dated June 19, 2003, announcing Pechiney's
consolidation of its position as preferred supplier for the
aerospace industry.
PRESS RELEASE
PECHINEY
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Pechiney Consolidates its Position as Preferred Supplier for Aerospace
Paris, June 19, 2003 - The Pechiney Group, which is present at the Paris Air
Show through its Aerospace, Transport & Industry Division, recently implemented
an original process to consolidate its position as a benchmark supplier for the
aerospace industry.
A new, more international and more customer-focused sales organization has been
set up.
R&D expenditure ($100 million since 1995, of which 50% to develop new alloys)
increases constantly. In addition, our "R&D Accelerators" action results in more
upstream cooperation with customers and reduces time to market. In
manufacturing, significant capital expenditure has enabled the Group to increase
its production capacity and offer very wide products (over 32 meters) for new
programs such as the Airbus A380.
New services have been successfully offered to major customers, including
pre-cut and surfaced products, a turnings recycling center and end-to-end supply
chain management. Finally, through its "Declic" program, Pechiney has set up the
resources needed to become the industry benchmark in terms of schedule
reliability and supply chain management.
All these new projects were launched in the framework of the Pechiney Continuous
Improvement System and are supported by an ambitious performance improvement
program in the Group's plants.
Pierre Vareille, Pechiney Aluminum Conversion Sector President and Aerospace,
Transport & Industry Division Executive Vice-President, stated, "Aluminum has
unique advantages and remains aircraft manufacturers' first-choice material. The
market launch of new alloys, higher aluminum tonnage in the most modern
aircraft, together with recent progress in machining, will consolidate
aluminum's leadership in this industry. Thanks to several decades of experience
and the extension of its offering with new services, Pechiney is no longer a raw
materials suppliers but a provider of solutions. The Group now has a unique
position in this high-tech market. Our ambition is to enable manufacturers to
make cheaper, higher-performing aircraft and, in this way, contribute to the
long-term growth of the aerospace market."
The Aerospace, Transport & Industry (ATI) Division is comprised of production of
rolled aluminum plate for air, land and sea transport (excluding automotive) and
industry, as well as production of hard alloy extrusions. ATI is the joint world
leader in heavy-gauge plate and profiles for aerospace and has significant
positions with all aircraft makers, particularly Airbus and Boeing. In 2002, the
Division achieved turnover of (euro)973 million and sales of 281,000 metric
tons. It employs 3,600 people on 8 production sites, of which 4 in France, 3 in
the United States and 1 in the United Kingdom.
ATI belongs to Pechiney's Aluminum Conversion Sector, which achieved sales of
(euro)2.6 billion in 2002. With presence in 6 countries, it employs
approximately 8,000 people on 25 production sites.
Pechiney is an international group listed on the Paris and New York stock
exchanges. Its three core businesses are primary aluminum, aluminium conversion
and packaging. Pechiney achieved sales of (euro)11.9 billion in 2002. It employs
34,000 employees.
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Certain statements in this press release that describe Pechiney's intentions,
expectations or projections may constitute forwardlooking statements. These
forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause Pechiney's actual results, performance or
achievement to be materially different from its intentions, expectations or
projections. The forward-looking statements in this press release speak only as
of its date and Pechiney undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contacts: Press Contacts:
Charles L. Ranunkel: Tel: 33 1 56 28 25 07 Chrystele Ivins: Tel: 33 1 56 28 24 18
Fax 33 1 56 28 33 38 chrystele.ivins@pechiney.com
PECHINEY
7, place du Chancelier Adenauer Stephan Giraud: Tel: 33 1 56 28 24 19
75116 Paris stephan.giraud@pechiney.com
e-mail: Pechiney-IR-Team@pechiney.com
Internet: http://www.pechiney.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Pechiney has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: June 20, 2003 PECHINEY
By: /s/ OLIVIER MALLET
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Name: Olivier MALLET
Title: Chief Financial Officer