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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This week, the aluminium downstream sector witnessed some vital occurring, being one of only two suppliers, Aidro received Leonardo's Declaration of Qualification for Additive Layer Manufacturing. While in Australia, Capral Aluminium acquired EDGE Architectural Glazing Systems from Victoria-based...
Specialty Enterprises, North America's leading maker of aluminium spray booms for agricultural purposes, has been bought by CNH Industrial. According to Specialty, aluminium spray booms may be up to 50 per cent lighter than steel versions, weighing between 2,000 and 3,000 pounds less. This leads to...
MetalX, a scrap metal recycler based in Fort Wayne, Indiana, has decided to buy SRT Aluminum’s assets and operations in Wabash, Indiana. As per MetalX, the Wabash factory produces 75,000 tonnes of sow and ingot each year using electric induction and reverb furnaces. As a result of this agreement,...
Sandvik has signed a deal to acquire Preziss, a cutting tool and solution provider for aluminium and composite machining, specialising in high-precision drilling, reaming, milling, and tooling systems located in Spain. Sandvik will boost its portfolio in the lightweight automotive components market...
The downstream aluminium segment has witnessed some key progress this week. St Louis, a US-based global family of companies focused on aluminium and other nonferrous materials, Metal Exchange Corporation acquires Medalco Metals, the full line distributor of Aluminum Flat-Rolled Products from foil...
Arconic Inc., the spun off from the US aluminium giant Alcoa Corporation is seeking to sell its Russian business, as per the statement released by the company. The losses for the American industrial company, Arconic, specializing in lightweight metals engineering and manufacturing anticipated...
The global leader in the purchasing, processing and manufacturing of non-ferrous metals, Metal Exchange Corporation has made public that it has acquired Medalco Metals Inc., a US-based distributor of light gauge aluminium rolled products. Medalco, founded in 2003 has successfully positioned itself...
The British businessman, Sanjeev Gupta owned GFG Alliance, which acquired the Locabher aluminium smelter, the last aluminium smelter in Britain and the hydropower plant from the global mining and metal giant Rio Tino in a £330 million deal in 2016, is encountering a bankruptcy battle in a UK court....
The aluminium extrusion dies business of Halex Holdings GmbH now belongs to Exco Technologies Limited after the latter paid a heavy cost for accession. The four most essential manufacturing locations, two in Germany and two in the northern industrial region of Italy are steered by Halex Extrusion...
In a mutual decision, two senior executives at United Company Rusal International PJSC decided to acquire the U.S. facility of the Russian aluminium giant. Presently known as Rusal America, the unit will be renamed PerenniAL. Previous chief executive officer and president of Rusal America, Brian...
On 29 th April 2022, the Norwegian aluminium company with its headquarters in Oslo, Norsk Hydro has announced a tender offer for the acquisition of 100% of the shares of Alumetal S.A, a company listed on the Warsaw Stock Exchange for 68.4 PLN per share in cash (the “offer price”), representing an...
Niche Fusina Rolled Products S.r.l. (Niche Fusina), a newly conjugated Italian company commissioned under partners of DADA Holdings LLC (DADA), Concord Resources Limited (Concord) and Invitalia-Agenzia Nazionale per l’attrazione degli investment e lo sviluppo d’impresa S.p.A. (the National Agency...
The German aluminium tube manufacturer with a presence of more than 70 years, Tubex GmbH has taken possession of a Hungarian company in the business of producing aluminium aerosol cans and aluminium tubes Matrametal. However, as of now, the terms of Tubex’s acquisition deal for Sirtok, Hungary...
AlCircle: What was the motive behind the screen that drove REEL International to acquire the Aluminium Emission Control business of GE Steam Power in Norway? Mr Patrik Ernst: Over the last years REEL realized that our clients would always go for bigger packages when executing either brownfield or...
The holding company of Russian aluminium behemoth United Company RUSAL is envisaging by creating its global business to a different organization, as reported by industry experts to whom the company management and non-Russian investors claimed. However, the discussion inherits that the...
On 21 st February 2022, the leading aluminium rolling and recycling firm, Speira declared that it has signed a definitive agreement towards the acquisition of the European business of Real Alloy ("Real Alloy Europe"). However, the finalization of the transaction is subject to customary closing...
On Friday, February 11, Mestron Holdings Bhd (MHB) signed a share sale and purchase agreement (SSPA) with Chua Nyok Chong (CNC) and Chua Boon Hong (CBH) for RM6 million to purchase 806,000 ordinary shares, or 10% of Winstar Aluminium Manufacturing Sdn Bhd's share capital. CNC has given MHB a call...
The leading aluminium shipbuilder of Britain, Wight Shipyard Co. has declared an all-share merger with the multinational shipbuilder OCEA to develop a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities. However, the deal is lined up to accomplish in...
