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DAK
Americas plant, Fayetteville, S.C. |
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The year 2001 was difficult for ALFA. The demand
and prices for steel and petrochemicals continued to fall, affecting the
company's financial results.
The auto components business did not suffer as much thanks to the startup
of new production programs and the addition of the plants of Canada. In
contrast, the food business had a record year.
ALFA began the reconfiguration of its portfolio of businesses. It sold
its 50% stake in Enertek and the 100% of Total Home. ALFA acquired two
PTA/ Fiber sites and one PET resins plants in the US, which helped to become
the second largest PTA producer in the world. ALFA also established a joint
venture with ConAgra to develop a prepared food business.
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