Constellium has sold its ownership stake in its automotive structures joint venture in Changchun, China, along with its partner, to a Chinese automotive holding company. The Changchun facility manufactures aluminium crash management systems and other structural components for the Chinese automotive...
Aluminium producers in the Gulf are increasing overseas acquisitions and investments as they seek to strengthen supply chains, expand market access and reduce exposure to regional risks. The trend comes as geopolitical tensions in the Middle East and disruptions around the Strait of Hormuz...
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Sandvik has inked a deal to acquire Almü Präzisions-Werkzeug GmbH (Almü), a renowned cutting tool and solution provider for aluminium machining in Germany. This acquisition highlights Sandvik's commitment to catering to the increasing demand for lightweight aluminium components, particularly in the...
According to the International Aluminium Institute, alumina production in North and South America dropped considerably in February 2024. On a Month-on-Month scale, the alumina production in North America has dwindled by 15.5 per cent or 31,000 tonnes from 200,000 tonnes in January 2024 to 169,000...
Generational Group, a prominent advisor specialising in mergers and acquisitions for privately held enterprises, has announced the successful sale of Team Pride Extrusions (TPE) to Republic Strategic Investments (RSI). The deal was finalised on March 15, 2024. Based in Megargel, Texas, Team Pride...
With more than 60 locations around the globe and annual revenue of approximately $3.1 billion, Trivium Packaging, one of the leading producers of aluminium and other metal packaging, is on the brink of a transformative financial transaction that could redefine its trajectory. Trivium attracts major...
Advance Joinery Group, one of the leading suppliers and installers of aluminium, timber and uPVC products, have recently announced the acquisition of Malvern Glass. Headquartered in Pontrilas, Advance Joinery Group has broadened its offerings to encompass uPVC and aluminium, alongside its esteemed...
RHI Magnesita has announced its intention to acquire Resco Group, a leading manufacturer of alumina monolithics and refractories, to boost operational capabilities and enrich product offerings. This acquisition, with an enterprise value potentially reaching $430 million, signifies a significant...
Aluminium is a crucial metal in the aerospace manufacturing industry, and recent events involving such aluminium parts have stirred ripples of concern and curiosity. At the heart of the narrative lies a saga involving two titans of the industry: Boeing, a household name synonymous with flight, and...
N.A. Holding Corp., a diversified holding company owned by Matt Wojewuczki and Doyle McCauley, has recently acquired Architectural Glass and Aluminum (AGA), a premier aluminium and glass fabricator in Columbia City. "NA Holding Corp. is dedicated to ensuring a smooth transition for AGA into its...
White & Case, a leading global law firm, provided legal counsel to Emirates Global Aluminium (EGA), a premium aluminium producer, in its acquisition of Leichtmetall Aluminium Gießerei Hannover GmbH (Leichtmetall), a German aluminium recycling company. EGA is set to acquire a 100 per cent stake in...
In this week's developments, the aluminium industry continues its journey towards sustainability and innovation, embracing eco-friendly practices and circular economy principles. Amazon's strategic investment in Glacier, a pioneering AI sorting technology, underscores a pivotal step towards...
Shyam Metalics & Energy Limited, an Indian metal producer based in Kolkata, West Bengal, has reportedly intended to invest in a greenfield project centred on producing aluminium flat-rolled products. As per the report on Monday, March 18, Hydro Extrusions inked a deal to offload its fabrication...
Emirates Global Aluminium (EGA), the world's leading producer of premium aluminium, officially sealed a significant deal on March 21, 2024. The aluminium giant from the GCC region has signed a binding agreement to acquire Leichtmetall, a renowned aluminium recycling company based in Germany....
Capral Aluminium, Australia's foremost manufacturer and distributor of aluminium extrusions, has announced a strategic acquisition that will fortify its position in the market. The company, under the leadership of CEO Tony Dragicevich, has acquired Aluminium Trade Centre (ATC), a distinguished...
According to a report on Monday, March 18, Hydro Extrusions has signed an agreement to sell its fabrication unit in Kaunas, Lithuania, to VE Invest UAB. Hydro’s Kaunas plant primarily operates as a fabrication unit for Hydro’s extrusion plants in Sweden and Denmark. The plant has approximately 170...
On March 11, 2024, Alcoa announced that it has entered into a binding Scheme Implementation Deed with Alumina Limited, under which Alcoa will acquire Alumina Limited in an all-scrip, or all-stock, transaction. The Agreement terms are consistent with the previously agreed and announced transaction...
FIMIGroup has proudly unveiled its latest acquisition, FRANCI Spa, an esteemed Italian company with roots dating back to 1955. Renowned for its expertise in designing and manufacturing moulds and equipment for the automotive sector, FRANCI Spa also excels in producing mechanical components for...
Australia's largest aluminium smelter, Tomago Aluminum in Newcastle, will be caught up in the play going down by its part-owner. CSR (Colonial Sugar Refining), an Australian conglomerate, is bought out by French conglomerate Saint-Gobain. The deal will be completed later this year and is said to be...
Global law firms Davis Polk & Wardwell and Ashurst are advising American aluminium giant Alcoa Corporation regarding its proposed acquisition of Alumina Ltd, an Australian alumina and bauxite producer. The acquisition, structured as an all-stock transaction, values Alumina Ltd. at USD$2.2 billion....
