RICHMOND, Va., Sept. 17 /PRNewswire/ -- Reynolds Metals Company
(NYSE: RLM) and Sumitomo Light Metal Industries, Ltd. have signed an
agreement to share existing technologies and to pursue joint research
and development work on new technologies and processes in the production
of aluminum sheet applications for the worldwide automotive industry.
The agreement calls for representatives of Reynolds and Sumitomo to
exchange existing technologies and to coordinate the development of new
production techniques and products using aluminum sheet, including work
on automotive body panel and brazing sheet applications.
The three-year agreement was signed on August 31 as part of the
implementation of an earlier memorandum of understanding reached by the
two companies to advance the use of aluminum in automobiles around the
world. The agreement potentially could lead to joint venture projects
between the companies to develop both existing and new automotive
applications for aluminum sheet products.
/CONTACT: Andrew Lybrook of Reynolds Metals Company, 804-281-3262
or (home) 804-784-4486/
CO: Reynolds Metals Company; Sumitomo Light Metal Industries, Ltd.
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