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
The leading Austrian premium supplier of high-quality cast and rolled aluminium products used in a wide range of industries, AMAG Austria Metall AG is now grabbing the remaining 30% of the German firm Aircraft Philipp (ACP), based in Übersee am Chiemsee following the initial stakeholding in October...
Nu-Tech Precision Metals Inc. ("Nu-Tech"), a specialised maker of speciality extruded metals, fabricated parts, and welded components, has been bought by Reliance Steel & Aluminum Co. (NYSE:RS). Reliance Steel & Aluminum Co., founded in 1939 and located in Los Angeles, California, is a major global...
The aluminium rolled and extruded products activities of Mitsubishi Aluminium Co. Ltd., a wholly owned subsidiary of Mitsubishi Materials Corp., also located in Japan, have been agreed to be acquired by Apollo Global Management Inc.'s Japan-based portfolio firm Showa Aluminum Can Corp. The purchase...
On 25 th November 2021, Mitsubishi Materials Corporation, the Japanese manufacturing company said that it will sell its aluminium business that produces beverage cans and automotive parts, to the US investment fund Apollo Global Management for an undisclosed amount. The company in a statement said...
Irish financier-chaired Ardagh Metal Packaging (AMP), the New York-listed beverage cans group, has recently acquired Quebec-based Hart Print, a Canadian digital printing service provider that allows drinks companies to print colourful artwork on aluminium cans. Hart Print, founded in 2018, is the...
The downstream segment of the global aluminium industry remained insightful this week, with the world’s largest aluminium rolling company, Hindalco plans to repay INR 6000 crore debt and it also projects to marginally reduce the capital expenditure to INR 2,400 crore. The same Hindalco Industries...
The founder of Liberty House Group and the Executive Chairman of GFG Alliance, Sanjeev Gupta has sold out two aluminium parts factories after Jaguar Land Rover (JLR) set its foot to acquire a vital part of its supply chain. The single source, a tier-one supplier of assembled products, working with...
The largest aluminium producer in Brazil, Companhia Brasileira de Alumínio (CBA) inked an agreement to acquire 80% of Alux do Brasil, located in Nova Odessa-SP, in a transaction worth R$ 110 million, with a preference to buy the remaining 20% from the third year after accomplishment of the...
On 2 nd November 2021, the Croatian parasol manufacturer VIS Promotex stated that it has taken over aluminium foundry Lipovica, with a focus to increase sales and exports. The Varazdin-based VIS Promotex said in a statement said: “Following a public tender called by the government's centre for...
The expeditiously growing group, Modular Group Investments Limited (MGI) that emphasised acquiring businesses around the off-site manufacturing sector has accomplished another acquisition this year with the procurement of the entire share capital of a 35-year-old aluminium fenestration business...
On 1st October 2021, the investment company Globitas successfully completed the acquisition of the company HEGO. HEGO has been active as an international wholesaler of stainless steel and aluminium for over forty years. The acquisition by Globitas gives a strong boost to HEGO's growth ambitions....
On 5th September 2021, Sanjeev Gupta chaired GFG Alliance confirmed that it will initiate legal action against any attempts by the US private equity fund, AIP, to seize the power of the Dunkirk aluminium smelter which is part of GFG’s ALVANCE aluminium business. AIP bought out a chunk of the...
The American private equity firm that invests in industrial businesses, American Industrial Partners (AIP) claimed to have grabbed control of distressed metal magnate Sanjeev Gupta’s Dunkirk aluminium smelter in France. On 1st October 2021, American Industrial Partners stated that it had acquired...
The mining and metals company headquartered in Perth, Western Australia, South32 Ltd. worked out its right to acquire an additional 25% stake in Mozambique-based Mozal Aluminium, a drive that will increase its annual output by 15% from the smelter. South32 acquired the additional stake in the...
Gillespie & Powers Inc. is extremely excited to announce the purchase of Thorpe Holding Company, including Thorpe Technologies Inc. and JT Thorpe Inc. all located in San Dimas, California. Gillespie & Powers Inc. and Thorpe Technologies Inc. are two strong and successful companies, both with...
Mecfor, the Saguenay-based North American leader in specialized mobile equipment for the aluminium and rail industries, and Saint-Bruno-based Advanced Dynamics, a premier manufacturer of heavy-duty material handling equipment for the primary and secondary aluminium industries and the pulp and paper...
On 23 rd August 2021, Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries, which stands among the biggest producers of primary aluminium in Asia stated: “The Company has started FY'22 at a strong pace and continues to see a strong demand across...
The aluminium end-user segment remained quite insightful during the week. In Japan, beverage vendors are progressing towards the usage of aluminium replacing plastic bottles to counter ocean pollution. While in Canada Wildpack Beverages has purchased aluminium cans filler Vertical Distilling for...
