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Alcan
founding shareholder of Hulett South Africa in 1949
| After sustained pressure
from social justice groups in Canada over
its investments in South Africa during
apartheid, Alcan sold its 24% interest in
South African aluminum company Hulett
Aluminum in March 1986. Alcan announced the
sale only three weeks after stating that no
plans existed to dispose of their share.
During the 1980’s Hulett Aluminum was
involved in the manufacture of material for
military equipment, thus, according to The
Task Force on the Churches and Corporate
Responsibility (TFCCR), contributing to the
South African apartheid government’s plans
to prolong its armed repression in the
country. In 1982 the TCCR filed one of three
shareholder proposals with Alcan designed to
pressure the company to divest its interest
in Hulett. When the company did eventually
divest its interest in 1986 it claimed it
was purely a business decision. Alcan was a
founding shareholder of Hulett in 1949. |
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