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Hydro investing in sorting technology for recycling
03 MAR 20153MINS

Hydro investing in sorting technology for recycling

To further strengthen its activities in aluminium recycling, Hydro have acquired WMR Recycling GmbH (WMR) in Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro will own the most advanced aluminium scrap sorting technology in the world. The...

Aleris completes the sale of its recycling and specification alloys businesses
02 MAR 20151MINS

Aleris completes the sale of its recycling and specification alloys businesses

Aleris announced today that it has completed the sale of its Recycling and Specification Alloys businesses to an affiliate of Signature Group Holdings for an aggregate of $500 million in cash and $25 million in Signature preferred stock. The sale, which was announced in October, includes 18...

Aluminum Premiums in Europe Decline by Most in at Least 17 Years
02 MAR 20151MINS

Aluminum Premiums in Europe Decline by Most in at Least 17 Years

The premium aluminum buyers in Europe pay to obtain the metal had the sharpest three-month drop in at least 17 years, according to researcher Harbor Aluminum. The fee added to London Metal Exchange prices dropped to $300 a metric ton as of Thursday, with some “distressed” selling at as low as $250...

EAA Director General supports the need for an urgent ETS reform
27 FEB 20152MINS

EAA Director General supports the need for an urgent ETS reform

In response to today’s vote in the European Parliament’s ENVI Committee on the ETS Market Stability Reserve, Director-General of the European Aluminium Association Gerd Götz issues the following statement: “We strongly support today’s acknowledgement from a wide spectrum of political groups and...

Orbite confirms arrival of specialized refractory materials
26 FEB 20151MINS

Orbite confirms arrival of specialized refractory materials

Orbite Aluminae Inc. today announced that, further to its press release of December 12, 2014, the Europe-sourced components of the new castable material for the refractory system at the Company's HPA plant in Cap-Chat have arrived in the port of Montreal. In addition, the new mortar formulation was...

Rexam and Carlsberg celebrate first ever cradle to cradle certification for a beverage can
26 FEB 20152MINS

Rexam and Carlsberg celebrate first ever cradle to cradle certification for a beverage can

Rexam is delighted that Carlsberg has received the first ever Cradle to Cradle certification for a beverage can, having been awarded a bronze level certification from the Cradle-to-Cradle Products Innovation Institute for cans supplied by Rexam into the UK market. The certification is part of...

Aluminium industry unites to drive forward a recycling agenda for Europe
24 FEB 20152MINS

Aluminium industry unites to drive forward a recycling agenda for Europe

On the occasion of the 13th International Aluminium Recycling Congress, the European aluminium industry reaffirmed its ambition for a long-lasting circular economy, expressing high expectations for a new and improved waste proposal from the European Commission later this year. Speaking at the...

Ball Corp to buy British drinks can maker Rexam for $6.9 bln
20 FEB 20152MINS

Ball Corp to buy British drinks can maker Rexam for $6.9 bln

U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds ($6.9 billion) deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. The cash-and-stock deal would merge the world's two largest beverage...

Romanian aluminum producer Alro Slatina widens losses in 2014
17 FEB 20152MINS

Romanian aluminum producer Alro Slatina widens losses in 2014

Romanian aluminum producer Alro ended 2014 with adjusted net losses of RON 141 million (EUR 31.7 million). The losses were 64% higher compared to 2013, according to the company’s preliminary results. The company’s turnover registered a slight year-on-year increase in 2014, to RON 2 billion (EUR 450...

New technology being devised to recycle multilayer packaging material
16 FEB 20151MINS

New technology being devised to recycle multilayer packaging material

A new technology is being developed by Saperatec Industries of Czech Republic and Saperatec of Germany, a recycling technology supplier that will allow the separation of multi-layer packaging material. The two entities together is planning to build and operate facilities across Europe that will...

Goa Carbon Ltd looking for overseas expansion options
13 FEB 20152MINS

Goa Carbon Ltd looking for overseas expansion options

Goa Carbon Ltd is in expansion mode, looking for opportunities overseas even though their last attempt to set up a greenfield calcined petroleum coke (CPS) project in China to produce 300,000 mt per annum could not be commissioned. With clients like Hindalco and Vedanta looking to expand, Goa...

Constellium invests €22.5 million to expand casting, extrusion and fabrication capacity in Decin, Czech Republic
13 FEB 20152MINS

Constellium invests €22.5 million to expand casting, extrusion and fabrication capacity in Decin, Czech Republic

Constellium N.V. announced today that it is investing €22.5 million in its site located in Decin, Czech Republic. The investment, expected to be completed by April 2016, will include a new casthouse, a new indirect extrusion press line for production of hard alloy bars and profiles, a new drawing...

Polish aluminium firm Kety sees rise in profit, raises dividend
11 FEB 20151MINS

Polish aluminium firm Kety sees rise in profit, raises dividend

Poland's biggest aluminium products maker Kety said it expects a 20 percent increase in 2015 net profit to 201 million zlotys ($54.44 million) due to a recovering global economy, prompting the company to pay a higher dividend. Kety will increase the shareholder payout to up to 60 percent of...

University of Sheffield AMRC to lead development of next generation of aerospace alloys
10 FEB 20152MINS

University of Sheffield AMRC to lead development of next generation of aerospace alloys

The University of Sheffield Advanced Manufacturing Research Centre (AMRC) will lead a new £6 million European-funded project to develop an advanced lightweight alloy for the aerospace industry. The MMTech project involves manufacturers and research institutions from across Europe, including two...

Alcoa converts San Ciprian Alumina Refinery to natural gas, improving global competitiveness
10 FEB 20152MINS

Alcoa converts San Ciprian Alumina Refinery to natural gas, improving global competitiveness

The Alcoa alumina refinery in San Ciprian (Lugo, Spain) today officially transitioned from fuel oil to natural gas following the completion of a new gas pipeline. The US$25 million investment to convert the refinery to natural gas is consistent with the Company’s strategy to create a lower cost,...

Alba 2014 net income surges 21%
10 FEB 20153MINS

Alba 2014 net income surges 21%

2014 Industry Highlights: • Aluminium demand remains healthy with world consumption up by 8% year-on-year (YoY). Asian demand up by 10% YoY supported by a robust growth in China (+13% YoY) on the back of government stimulus and infrastructure investment. North America shows strong demand growth...

Rexam set to back £4.3bn takeover bid
09 FEB 20151MINS

Rexam set to back £4.3bn takeover bid

REXAM’S board is keen to finalise a £4.3bn buyout offer from rival can-maker Ball, City A.M. understands. Bosses are thought to see the merger as the next obvious step in building the business, giving the two giants even more scale. UK-based Rexam’s share price has doubled since chief executive...

Private equity-backed aluminum processor Aleris scraps IPO plan
09 FEB 20152MINS

Private equity-backed aluminum processor Aleris scraps IPO plan

Aluminum processor Aleris Corp IPO-ARS.N filed on Thursday to withdraw its $500 million initial public offering, nearly three years after postponing the listing due to market conditions. Cleveland, Ohio-based Aleris had planned to list 31.3 million shares in a price range of $15 to $17. At the...