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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On February 25, Alcoa announced a new agreement with Alumina Limited regarding acquiring Alumina Limited, pending the finalization of a scheme implementation agreement. The companies have signed an exclusivity and transaction process deed with Alumina Limited's Board of Directors indicating its...
On February 16, 2024, the technology leader in electrification and automation, enabling a more sustainable and resource-efficient future, disclosed its agreement to acquire a global, energised asset optimisation leader focused on optimising asset safety, reliability, and maintenance for more than...
Evtec Aluminium, a company currently in discussions for acquisition by Blackboxstocks , has recently welcomed three distinguished professionals to its board of directors. This strategic move coincides with Blackboxstocks' share price rise to $2.51, marking an impressive increase of 310.47 per cent...
A year ago today, HWI and Calderys were united under single ownership and became the Calderys Group. The new Group immediately began an exciting program to share technologies, transferring a selection of Calderys solutions in the Americas to HWI - a member of Calderys, and bringing a selection of...
Ball Corporation has received approval to finalize the sale of its aerospace business to BAE Systems for $5.6 billion. Initially announced in August 2023, the agreement was expected to conclude in the first half of 2024. However, this week, Ball reported that the U.S. Department of Justice...
In a recent development, Greek aluminium products manufacturer Aluminco is set to vote on a proposal to squeeze out minorities at its Serbian unit, Aluminco Sar. The extraordinary shareholders' meeting, scheduled for February 26, will address this significant move by Aluminco. Aluminco, a pioneer...
Krones has revealed plans for the forthcoming acquisition of Netstal Maschinen AG (Netstal), headquartered in Naefels, Switzerland, from KraussMaffei. Krones provides comprehensive solutions for the beverage and food industries, encompassing process technology, filling technology, packaging...
UK-based EVTEC has successfully secured a £7.4 million multi-asset facility from Cynergy Business Finance (CBF) to bolster its position in the automobile aluminium parts casting sector. This funding will fortify EVTEC's recent acquisition of JVM Castings, a move aimed at expanding its service...
In a strategic turn of events, PGT Innovations Inc. (PGTI.N), renowned for its prowess in aluminium doors and windows, has received an unexpected buyout proposal from Miter Brands. This development comes just weeks after PGTI inked a $3 billion deal with Masonite International (DOOR.N). Miter...
Rocal, a leading manufacturer of composite doors and specialist PVC-U products has completed the acquisition of BDC Aluminium, a notable player in the fenestration sector. Rocal, the Brigg-based company known for its renowned brands such as Endurance Doors, Impressions Door Panels, and Rocal...
Park-Ohio Holdings Corp., an international company providing strategic services and products that allow the world’s leading manufacturers to streamline their manufacturing processes, announced on January 3 that it completed the sale of its aluminium products business, effective December 29, 2023....
Established in 1992, Beijing Only Aluminium Industry Co., Ltd is a prominent force in China's aluminium processing sector. Boasting a comprehensive industrial chain, the company encompasses a melting and casting plant, mold processing centre, building profile plant, industrial profile plant,...
Frontier Energy and Waroona Energy have merged to create a new company combining two large-scale solar projects in Western Australia. Frontier is the developer of the Bristol Springs Renewable Energy Project and has received development approvals for a total solar generation capacity of 355 MW....
Sunview Group Bhd, a key player in the renewable energy sector, has announced that its wholly-owned subsidiary, Vafe System Sdn Bhd, has increased its stake in Winstar Aluminium Manufacturing Sdn Bhd to 30 per cent. This expansion involves the acquisition of a 10 per cent share from Mestron...
In a groundbreaking move, Mytilineos SA has secured its position as the largest bauxite producer in the European Union with the approval of the acquisition of Imerys Bauxites by the Hellenic Competition Commission. This strategic development marks a significant milestone in the metallurgy sector as...
In 2023, following its combination with Calderys and its rebranding as HWI, a member of Calderys, HWI, benefited from numerous significant investments demonstrating the Group’s commitment to global competitiveness and development in the Americas region. These capital investments, as well as the...
Dallas-based Blackboxstocks Inc., which combines financial technology and social media to provide real-time proprietary analytics for stock and options traders, announced that it has officially agreed to acquire Evtec Aluminium Limited (Evtec). The acquisition is anticipated to be completed during...
The downstream sector has seen massive investments and grand advancements this week. Senior PLC, a well-known manufacturer of automotive and aircraft components and systems based in Hertfordshire, England, has recently announced a new contract with Strata Manufacturing PJSC, a company based in the...
