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...
Grow with
AL Circle
Hatch has announced the addition of Küttner to its portfolio of enterprises. As the two companies join forces, Hatch Küttner becomes Europe's top supplier of sophisticated engineering and technology services for the metals, energy, and infrastructure industry sectors. Hatch's industry-leading...
Following the purchase of an equity stake in Alunorte , the next step for Glencore would be to expand its operations in the aluminium sector. The argument is stronger considering that Glencore's almost seven-million-tonne aluminium supply agreement with Russian manufacturer Rusal, under its parent...
Norsk Hydro said on Thursday that it would sell a 30 per cent share in Brazilian alumina refinery Alunorte and a 5 per cent investment in bauxite producer Mineracao Rio do Norte to Swiss miner and trader Glencore. However, in a recent update, Glencore plans to pay about $700 million for the equity...
Sunview Group Berhad, a well-known solar panel manufacturer, recently stated that its wholly-owned subsidiary, Vafe System Sdn Bhd, has signed a share sale agreement and shareholder agreement to purchase a 20 per cent stake in Winstar Aluminium Manufacturing Sdn Bhd for RM12 million. Aluminium,...
Norsk Hydro has restarted working on a tender offer process to complete the acquisition of the 100 per cent share of Polish recycler Alumetal S.A. The tender offer was first launched in April 2022 but expired in the meantime. The European Commission’s merger review of the transaction is pending,...
In line with the report published last day that Century Aluminium agreed to buy a 55 per cent stake in Jamalco, the US-based primary aluminium producer signed a purchase contract with Noble Group Holdings Limited for US$1. The deal is expected to close by the end of April 2023, but the full...
On Tuesday, April 25, Century Aluminum Company announced a significant step towards acquiring a sizeable share in a joint Jamaican bauxite mining and alumina production venture. The company has reportedly signed an agreement with Noble Group Holdings Limited (Noble) to obtain 55 per cent of its...
On Monday, April 17, Group Atlas Holdings announced the sale of Alludium to Jupiter Aluminium, the US Corporation, an industrial group with more than 30 years of experience. According to both the buyer and seller, the purchase will strengthen Aludium's future as part of the industrial group,...
Sabik Offshore, a sister concern of Sedna Wind Technologies and an internationally acknowledged wind farm optimisation specialist, has acquired Weissenborn, an aluminium components maker. This strategic move was planned by Sabik Offshore since Weissenborn manufactures relevant aluminium solutions...
Quebec-based manufacturer of aluminium doors and windows, Fenplast, announced the successful acquisition of ADG doors and windows in Terrebonne through its subsidiary brand Altek Windows and Doors. Last month, the company bought a minor stake in Solarcom, a manufacturer of aluminium windows from...
A Spanish company, Teknia, with expertise in manufacturing metal and plastic items, has successfully taken over Swedish injection moulding specialist Svensk Tryckgjutning that excels in making magnesium and aluminium steering or chassis components. Teknia announced to sources: “The acquisition is a...
According to a report on Friday, March 31, German aluminium company Speira has expanded its aluminium recycling capacity by two-fold to 650,000 tonnes as it completes the acquisition of Real Alloy Europe. This capacity boost will help the company use more recycled metal to make low-carbon rolled...
The government of India is likely drawing up to sell its remaining stake in Bharat Aluminium Company Ltd (Balco) in the next financial year, as per reported by a media house. The Chhattisgarh-Korba-based Balco has been privatized now for more than two decades. It has also been stated the Union...
DR Axion, a supplementary board to Craftsman’s existing aluminium business, has reported fast-paced revenue growth in current times attributed to Kia’s entry and diversification, eyeing the PHEV market in India. This has led Craftsman to opt for a 76 per cent stake in the business at INR 3.75...
On Monday, March 20, Uno Minda Ltd announced that its board gave a go-ahead signal to raise its stake to 81.69 per cent in Kosei Minda Aluminium and 49.90 per cent in Kosei Minda Mould, expecting the move to help Uno Minda consolidate its 4W alloy business. Uno Minda, located in North India, is a...
Leicester-based Bridge Aluminium has officially bought the proprietary right of Grainger & Worrall Engineering, a firm that excels in producing aluminium casting components for the automotive industry. This premeditated agreement will be very crucial in protecting the 36 employees already working...
A request to investigate Cosmos Aluminium, a Greek company, and its proposed acquisition of Etem Commercial and Industrial Light Metals, a division of Elvalhalcor Hellenic Copper and Aluminium Company JSC, was made public by the Bulgarian Competition Authority on Monday. Magellan Aerospace Company...
Source Global, the innovative company that generates atmospheric drinking water, has acquired the spring water brand Proud Source Water. Proud Source, a certified B Corp, sells naturally alkaline water in recyclable aluminium bottles at retailers and food service locations across the United States....
