Aluminium powder has been mechanically milled using different amounts of process control agent (PCA). Mechanically alloyed aluminium powder (MA Al) was prepared by attrition milling in the presence of 1.5 and 3wt.% of an EBS wax. Milling was carried out in vacuum during 10 h. Milled powders were consolidated by a press-and-sintering method. This consolidation method is not usually employed with MA Al powders. The amount of dispersed carbides formed in the Al powder increases with the percentage of PCA. These carbides restrain Al grain growth during sintering, resulting in consolidated compacts with a grain size of about 550 nm. Thus, these PM materials can be considered ultrafine grained materials. Due to grain refinement and dispersion strengthening, the tensile strength of MA Al specimens is increased remarkably.