On June 8, 2006, Quebec-based Ceradyne, Inc. (Nasdaq: CRDN) and Alcan Inc. (NYSE/TSX: AL) announced that they signed a multi-year agreement to fabricate and distribute a nuclear shielding boron carbide/aluminum Metal Matrix Composite (MMC).
Alcan’s Dubuc Works and Ceradyne’s recently formed subsidiary, Ceradyne Canada, will cooperate to produce state-of-the-art nuclear shielding structures, which will be formed into nuclear waste containment vessels. The incorporation of Alcan’s aluminum metal with Ceradyne’s boron carbide (B4C) powder results in a structural element (MMC) that can be formed into a system that effectively absorbs radioactive neutrons. Ceradyne will be responsible for the ultimate fabrication and distribution of these nuclear waste components.
Ceradyne plans on establishing an 80,000 square-foot manufacturing facility in Saguenay, Quebec in order to process and extrude aluminum/boron carbide components using a state-of-the-art 2,750-ton short stroke press.
“With Alcan’s encouragement and cooperation, we intend to be a positive force in the
Saguenay/Lac-Saint-Jean region,” said Ceradyne CEO Joel Moskowitz. “Our intention is to begin hiring people shortly and continue increasing our local staff over the next nine months.”
For further information, contact Joel Moskowitz at 714-549-0421 x8261 or visit www.ceradyne.com