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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The downstream segment of the global aluminium sector is still witnessing acquisitions and expansions, which started eventfully from the later part of the previous year. This happening ensures that the global manufacturing industry is countering and gradually recovering the dent created by the...
On 3 rd February 2022, the Indian agrochemical industry Safex Chemicals acquired the western India state Gujarat-based aluminium phosphide manufacturer, Shogun Lifesciences through its wholly-owned subsidiary Shogun Organics Ltd. Now, the acquisition compels Safex Chemicals the lone company in...
Matalco Inc., a division of Toronto-based Giampaolo Group Inc., has reportedly acquired the Ohio Valley Aluminum Co. LLC (OVACO), based in Shelbyville, Kentucky. The news came after KPMG Corporate Finance LLC, which served as the financial advisor of the OVACO, reported it officially. Founded in...
The leading designer and producer of high-reliability passive components, Exxelia, which is also the maker of precision subsystems focusing on highly demanding markets, applications and functions, has stated that it has acquired a majority stake in Alcon Electronics for around $100 million. The...
According to a recent report, FRECH Group from Schorndorf has acquired ZPF GmbH, Germany-based aluminium melting furnace specialist. As per the report, the negotiations between the two companies were concluded in December, before the Christmas, and there is an excellent perspective for the...
The purchase of the Warrick, Missouri, smelter and rolling mills by California-based Kaiser Aluminum is mentioned as a positive element on its sustainability scorecard in the company's 2020 sustainability report. “Our Warrick rolling mill is one of only four dedicated rolling mills in North America...
The beginning of 2022 has been quite eventful for the global aluminium downstream industry. A lot of new events, projects, has kept the downstream sector under the spotlight. To begin with, Ehab El Elwany, marketing head and spokesman for Egypt Aluminum (Egyptalum) (EGAL), announced that the...
The American designer and distributor of rigid packaging TricorBraun have acquired beverage packaging companies Zuckerman Honickman (ZH) and Vessel Packaging (Vessel). However, the financial terms of the transaction are yet to be disclosed. ZH is located in King of Prussia, Pennsylvania and...
Hazelett Strip-Casting Corporation of Colchester has reportedly become a member of the EBNER Group through the acquisition by EBNER. The EBNER Group, which consists of EBNER Industrieofenbau in Leonding, Austria; EBNER Furnaces in Wadsworth, USA; EBNER Industrial Furnaces in Taicang, China;...
Jindal Aluminium Limited has completed a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets and begun production at the Bhiwadi facility. Along with the assets of IAIL, its manufacturing plant in Bhiwadi, Rajasthan's industrial sector was also purchased. The site, which is...
The US-based company UFP Industries, Inc. announced last week that its subsidiary Deckorators Inc. acquired Ultra Aluminum Manufacturing, a manufacturer of aluminum fencing, gates, and railing, for $25 million. The transaction also includes $2 million, which is to be paid if certain future...
The week witnessed the end of the year 2021 and also welcomed the New Year 2022 with lots of hope. The downstream segment of the aluminium industry remained still eventful in the last days of the year, as Egyptalum inked a contract with Consulting Engineering Group (CEGMAN) to undertake a...
The European integrated aluminium producer in Romania, Alro stated that it has accomplished the acquisition of Vimetco Trading from its majority shareholder Vimetco PLC and its subsidiary, Vimetco Management Romanian, to become its sole owner. On 24 th December 2021, while filing a statement with...
The most vital segment of the global aluminium industry, the downstream division remained highlighted even during the last week and ending days of 2021. The world suffered heavily due to the deadly Covid-19 virus both in 2020 and as well as in 2021. In every corner of the world, the manufacturing...
On 20 th December 2021, the Canadian global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries, Exco Technologies Limited, publicized that it has inked a definitive agreement to acquire the extrusion dies business of Halex Holdings GmbH (“Halex ®...
The downstream segment of the aluminium industry derives its major raw material from the primary sector and is considered the most vital part of the industry. The week witnessed some notable events of acquisition and investment for developments in the downstream segment. The Russian aluminium giant...
On 17 th December 2021, the leading player in the extrusions industry in India, Hindalco Industries Limited inked a definitive agreement to acquire global aluminium giant Hydro’s aluminium extrusions business in India for INR 247 crore. The world’s largest aluminium rolling and recycling company...
The Manchester-based asset-based lender, Praetura Commercial Finance has sanctioned an £11.4 million funding package to Evtec Aluminium for the acquisition of Liberty Aluminium Technologies. Praetura Commercial Finance arranged and provided the £11.4 million asset-based lending (ABL) facility...
