The company, formerly known as Inco Limited was acquired by the former CVRD in late 2006. It has operated around the world as Vale Inco since 2007 when CVRD rebranded itself as Vale.
When Vale acquired Inco in 2006, it was the largest-ever acquisition by a Latin American company. "It was a defining moment in our history," remarked Roger Agnelli, President and CEO, Vale. "We stepped boldly onto the global stage and since that time our growth has continued, with our nickel operations playing a vital role in achieving our international ambitions.
"Our global nickel business will continue to be headquartered in Toronto, Canada," said Tito Martins, President and CEO of Vale's nickel operations. "We have a very strong team in place and are building a long-term future for our operations around the world in Canada, Indonesia, New Caledonia, the United Kingdom, China, Japan and Brazil.
"We are positioning our company to meet the challenges of an increasingly competitive global marketplace," he continued. "Our objective is to ensure a sustainable, successful future for the business and the people and communities who rely on it. While our name is changing, we are still the very recognizable company our employees and communities have come to know."
The roll-out of the Company's new name will occur across its Canadian and global operations over the coming weeks and months.