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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EPIQ Machinery has reportedly acquired Stymer Technologies, a Pune-based Engineering services company, under ADF Engineering, a subsidiary of EPIQ Machinery. The news came on Thursday, September 14, after the company’s Chief Executive Officer, Éloïse Harvey; Operation Manager, Bhushan Bachhav; and...
Exlabesa purchased Flandria Aluminium, a French firm specialising in aluminium profile extrusion, machining, surface treatment, and recycling. Exlabesa's worldwide growth plan includes expanding its direct presence in France, Belgium, and the Netherlands. On September 5th, the 2023 Guangxi Top 100...
Mytilineos Energy & Metals announced the signing of a deal with Imerys, a French firm, to acquire 100 per cent of the shares of Imerys Bauxites Greece Single Member Societe Anonyme for € 10 million euros. The deal pertains to all bauxite mining operations in the Fokida region, which will henceforth...
Exlabesa has recently acquired Flandria Aluminium, a French company that has expertise in extrusion, machining, surface treatment, and recycling of aluminium profiles. This acquisition is part of Exlabesa's international expansion strategy, which aims to expand its direct presence in France,...
Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects. Ressell...
Amcor, a worldwide pioneer in developing and manufacturing environmentally friendly packaging solutions, has emerged as the market leader in the "Top 21 Sustainable Packaging Companies, Worldwide 2023" by MarketsandMarkets 360 Quadrant. MarketsandMarkets 360 Quadrants analysed over 80 Sustainable...
Pittsburgh-based Arconic Corporation, a prominent supplier of aluminium sheets, plates and extrusions, announced the completion of its US$5.2 billion acquisition by Apollo Funds and Irenic Capital Management. Under the transaction terms, Apollo Funds and Irenic paid $30 per share for all...
Montana Tech Components AG, established in 2006, with headquarters in Reinach, Switzerland, is the parent company of Montana Aerospace AG, VARTA AAG and Aluflexpack AG. Montana Aerospace, headquartered in Switzerland, has acquired quite a good name for its business in recent years. This counterpart...
The end-user aluminium sector has been exposed to the unparalleled application of technology in recent years, with big companies turning their production lines more sustainable under the global ESG rules. Hydro is ruling the sector with its innovative yet eco-friendly approaches in the industry....
Ball Corporation, the world's leading producer of circular aluminum packaging for global beverage and household brands, is reportedly selling its aerospace business to BAE Systems for $5.55 billion in cash. The news came on Thursday, August 17, after the company announced its agreement with BAE...
ACG, a global leader in integrated pharmaceutical manufacturing solutions headquartered in Mumbai, India, has recently acquired full shareholding ownership of Technical Aluminium Foil Company LLC (TAFC UAE), solidifying its expansion strategy in the Middle Eastern and African markets. Expressing...
Century Aluminum, the US-based primary aluminium producer and new owner of Jamalco, has experienced a gain of $103.3 million on acquiring the alumina refinery. At the end of April 2023, Century Aluminum signed an agreement with Noble Group Holdings Limited (Noble) to obtain 55 per cent of ownership...
TricorBraun is ready to take over the existing operations of aluminium cans packaging supplier CanSource for an unquoted amount of money. CanSource was established in 2011 with the sole intention of manufacturing shrink-sleeved, brite and printed cans for both the alcoholic and non-alcoholic drinks...
Washington-based NE&C (North East and Cumbria) Windows & Doors has completed the acquisition of a husband and wife-run double glazing enterprise with a £6m annual turnover, first initiated in 2003. NE&C is an ardent creator of UPVC and aluminium doors, windows and conservatories. The former owners,...
On Tuesday, July 25, the England-based sustainable building products, systems and solutions organization Alumasc Group PLC, announced that it has agreed to acquire ARP Group, a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods. However, acquiring the...
The global mining and metal giant Rio Tinto and the Giampaolo Group, founded over 50 years ago in Toronto, Ontario, with a distinct focus on the recycling industry, have agreed to form a joint venture to manufacture and market recycled aluminium products. The transaction reflects the joint venture...
On Tuesday, July 18, Constellium SE, a global leader in manufacturing high-value-added aluminium products and solutions, announced that it is selling three of its soft alloy extrusion facilities to Vaessen Aluminium. As per the report, Constellium has already signed a binding agreement with Vaessen...
Hydro completed the acquisition of Polish aluminium recycler Alumetal S.A. on June 30 by bagging more than 97 per cent of its shares through tender subscription. The purchase of Alumetal will strengthen Hydro's recycling position in Europe and widen low-carbon product offerings in the market. This...
