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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With an aim to increase its refining capacity, Runaya Refining has placed an order for two additional SARAH hot dross processing units from Taha International. The acquisition aims to strategise to employ cutting-edge technology in the manufacturing industry while also preserving the environment....
On Wednesday, September 21, Ball Corporation declared that it completed the sale of all its beverage packaging business in Russia to Arnest Group for $530 million to divest from the Russian market. Ball said Arnest Group, the largest manufacturer of aerosols in Russia and CIS countries, has...
One of the biggest aluminium distributors in the Midwest, Howard Precision Metals, Inc., has been acquired by Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals. Howard, based in Milwaukee, Wisconsin, specialises in value-added processing services,...
OpenGate Capital, a private equity firm based in Los Angeles, California, masters in the art of complete acquisition projects and recently has signed an agreement with the founder of Extol for its ownership. The mother brand of Extol, Spanish firm MCH and Fernando Busto will give in to forming a...
There have been reports of a management buyout costing US$2 million in Alcomet, the UK's component provider to the electricity transmission and distribution market. The founder of Alcomet, Gary James, hosted the session while declaring his separation from the brand. Chris Beasley, the managing...
Greek aluminium extrusion provider Etem Group and the Spanish automotive components supplier, Gestamp, signed a partnership deal, resulting in a joint venture called Etem Gestamp, that has now adhered to a ten years power purchase agreement (PPA) with a Bulgarian renewable energy investor, Growth...
Kaycan LTD., construction materials and aluminium extrusions provider hailing from Montreal, Canada, was successfully acquired by Saint-Gobain on July 29 with an investment of US$928 million, after a month-old announcement by the company on May 31, 2022. Kaycan is the leading supplier of polymer...
From transport to automobiles to packaging, the use of aluminium is widespread and expanding with passing time. This week the end-user sector of the global aluminium industry recorded some significant changes. A swift change was witnessed, with companies shifting to aluminium for a more sustainable...
The leading player in the European aerosol market and the Iberian leader in general Packaging, Colep Packaging have acquired a 40% stake in the more than three decades old Spanish aluminium aerosol provider ALM. As a result of this move, Colep will be able to expand its packaging portfolio and...
The downstream sector is the most productive sector of all as its profiles travel down to the retail market for the manufacturers to make products for consumers to utilise. This week has been quite exciting for the downstream zone as many important names made a headline with their noble...
Vulcan Steel has signed a conditional sale and purchase agreement to acquire Ullrich Aluminium for NZ$165 million (A$148.63 million) to diversify into a metal that weighs just one-third as much as stainless steel. Vulcan gained 100 per cent of the aluminium distributor. Net debt of NZ$34 million...
The Alcoa-owned Portland Aluminium smelter, Australia's second-largest aluminium producer, is in talks with Aloft Holdings, a Dutch company run by an Australian investment banker. According to our report, people familiar with the situation stated, that Aloft Holdings which was floated in November...
AkzoNobel, a Dutch multinational company specialised in making paints and performance coatings for both industry and consumers worldwide, has reportedly reached an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. This will enable the former to supply a...
Born in Montreal, Éloïse Harvey obtained her Bachelor of Engineering & Management from McMaster University (Hamilton, ON). In 1999, Éloïse joined Mecfor (equipment manufacturer), the youngest of the four companies in the family group (Ceger) as a Technical Sales Representative. Over the years, her...
In his role as Head of Communication & Marketing at Speira (formerly Hydro Rolling), Moritz Hansen is responsible for communicating with a 360° approach towards internal and external stakeholders including the disciplines of the employee, marketing and crisis communications, as well as media...
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. This week, the downstream sector witnessed a lot of ups and downs with a satisfactory note in the end. To begin with, Gränges, the aluminium technology company, is...
The Dorchester, England-based aluminium products manufacturer that was founded more than 50 years ago, has been reported sold out for an undisclosed amount. The aluminium products-making company located on Poundbury Road is acquired by Shaftesbury-based Darren Taylor Holdings. Founded in 1971,...
The European leader in the manufacture and sale of aluminium rolled products to diverse industries worldwide, Aluminium Duffel (The Belgian rolling mill in Duffel near Antwerp) will pursue to functionalize under the ownership of American Industrial Partners (AIP) from 14 th June 2022. Aluminum...
