Spain's Alucoil raises stake in Moroccan aluminium alloy profile manufacturing firm

Spanish aluminium composite panel manufacturer Alucoil has raised its stake in Aluminium du Maroc- a Casablanca-listed company, reported industry sources. The aluminium fabricator for the construction, transportation and industry is learnt to have acquired, in a block transaction, 20,160 additional shares in the Moroccan company for an undisclosed amount.

Alucoil now owns 7.32 per cent (34,115 shares) in Aluminium du Maroc- the manufacturer of high-quality aluminium alloy profiles.


According to the release, the transaction, With an average share price of 1,100 dirham, is valued at around 22.17 million dirham minimum, making $2.18 million.

For the half-year period ended June 30, 2016, Aluminium du Maroc registered an actual net income of 30.4 million dirham. During the same period, the firm said it had to report a net income of -8.6 million dirham. The order book showing multiple confirmations that were made during the period under review indicate at a healthy year-end result.

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In November 2016, the School of Architecture in Madrid (COAM), in collaboration with ALUCOIL and other well-known manufacturers, inaugurated the first permanent library of building materials, boasting more than 700m2 of exhibition space with reference products from all over the world. ALUCOIL cooperates closely with the library with a huge exposition of its advanced materials including its Larson composite and Larcore honeycomb panels, as well as diverse technical and commercial documentation.