China Zhongwang acquires Germany’s Aluminiumwerk Unna
Zhongwang Aluminium Deutschland GmbH, a subsidiary of China
Zhongwang Holding Ltd., a manufacturer and developer of aluminium extrusion
products, has acquired Aluminiumwerk Unna AG (Alunna) in August 2017.
Zhongwang will hold 99.72% stake in Aluminiumwerk Unna AG
(Alunna). The acquisition will improve Zhongwang’s capability in seamless tube
extrusion, reported by Shanghai Metals Market.
Aluminiumwerk Unna AG is a leading manufacturer of seamless
extruded aluminium tubes as well as tubular profiles. The company located in
Unna, Germany, produces high-strength products for the aerospace industry. Alunna
generated revenues of about 65 m€ in 2016.
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In addition to aluminium alloy tubes, the company produce
profiles, strip and extrusion billet. The plant has a cast house, extrusion
plant, heat treatment ovens and tube drawing and cutting equipment.
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