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 January 20, 2004
Commission File No. 1-14110
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):
Yes: |_| No: |X|
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
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: A press release dated January 19, 2004 announcing that Alcan has
recorded an impairment charge of EUR 45 million in its on-going review of
Pechiney assets.
Press Release
[PECHINEY LOGO]
Paris, January 19, 2004
Alcan Continues to review South Africa Project -- Writes down by Euro 45
million.
Alcan Inc. today announced that, following its on-going review of Pechiney
assets, an impairment charge of EUR 45 million will be recorded for the costs
incurred by the Coega smelter project in South Africa up to September 30, 2003.
Project costs incurred subsequent to September 30, 2003 will be charged to
income.
This impairment will not affect Alcan's reported earnings and it will be
recorded as a charge in Pechiney's 2003 statutory financial statements.
Alcan will continue to review Pechiney's current investments and multi-annual
business plans on the basis of assumptions currently used by Alcan. As part of
this process, it will evaluate its continuing interest in Aluminium de Grece SA
(AdG), where it has concerns regarding the supply of electrical power to the AdG
smelter, as described by AdG in its press release dated 16 January 2004.
No decision has been made on any of Pechiney's current investments. The Company
will announce in due course any decision taken in relation to this review.
*******
Pursuant to article 7 of the COB Rule book no. 2002-04, this press release was
disclosed to the French Autorite des marches financiers before its release.
*************
Certain statements in this press release that describe Pechiney's intentions,
expectations or projections may constitute forward-looking 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, France 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: January 20, 2004 PECHINEY
By: /s/ OLIVIER MALLET
---------------------------------
Name: Olivier MALLET
Title: Chief Financial Officer