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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On Tuesday, August 10, Tianshan Aluminum Group Co.,Ltd. announced that it signed a letter of intent with an unnamed Indonesian mining holding company and its controller. According to the letter of intent signed, Tianshan will buy a minimum of 49 per cent of shares of the bauxite company through...
The Canadian drinks production and packaging company Wildpack Beverage has agreed to acquire aluminium cans filler Vertical Distilling for $4.5 million in a cash deal. The company stated that the Colorado-based, Vertical Distilling is the ‘leading filler’ in its home territory and encircling...
Ardagh Metal Packaging S.A. has announced the completion of business combination with Gores Holdings V, a special purpose acquisition company sponsored by an affiliate of The Gores Group. The combined company, which will be named Ardagh Metal Packaging S.A., will commence trading on the New York...
The metal baron Sanjeev Gupta owned GFG Alliance’s Chief Investment Officer and also one of the most loyal lieutenants is quitting the group following falling out with his boss over the sale of its aluminium assets. A scion of a Danish merchant banking family, Jay Hambro, whose connections...
The US private equity group American Industrial Partners (AIP) board spat with British industrialist Sanjeev Gupta has gone to worst. Gupta was displaced from Alvance Aluminium Duffel earlier this month and now he has successfully fought in court to be appointed back to the board on 14th July 14....
The past week saw Rio Tinto announcing its production results for the second quarter. Rio Tinto’s alumina production stood at 2.0 million tonnes in the second quarter of 2021, 1% higher than the corresponding period of 2020, reflecting strong operational performance at the refineries. Aluminium...
The global resources company founded by a group of experienced and largely American natural resources investors, Concord Resources Holdings Limited has acquired the majority ownership in New Day’s principal holdings, which include its Noranda Alumina refinery and NICHE Chemical non-metallurgical...
KPS Capital Partners (KPS) has acquired Metra Holding S.p.A. and Metra S.p.A., (collectively "Metra"). The company purchased Metra, a producer of extruded aluminium, from Highlander Partners. KPS also acquired Profile Custom Extrusions, LLC ("Profile"), a U.S. manufacturer of extruded aluminum....
The Indian-born, British metal tycoon Sanjeev Gupta owned GFG Alliance has reportedly signed a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from emerging to collapse. As the report, the Anglo-Swiss multinational commodity trading and mining company,...
On July 2, 2021, Hydro Extrusions signed an agreement to sell 100% of Hydro Precision Tubing Lichtervelde (HPTL) to Aurelius Group as part of the significant restructuring measures taken to support performance and cash generation in Hydro Extrusions. The sale is expected to close during the third...
The UAE’s sovereign investor Mubadala Investment Company said it acquired a fresh 2.6% stake in Russian aluminium giant and leading low-carbon aluminium producer En+. Mubadala's total ownership in En+, following the deal now stands at 2.86%, which the investment firm stated on 23rd June 2021....
Sanjeev Gupta’s distressed metal empire that counters the threat of administration has requested its bankers to give more time, as it is trying to negotiate with four potential buyers. The supplier of cast components to Jaguar Land Rover, Liberty Aluminium Technologies could be enforced by the...
Ford has decided to acquire Electriphi to develop the most advanced charging and energy management experiences for commercial customers. The acquisition comes as Ford prepares for the launch of all-electric versions of two of commercial vehicles – the Transit van and F-150 pickup. Electriphi is...
The Greek business magnate and the chairman of the board of directors of Mytilineos Holdings, Evangelos Mytilineos announced that the agreement of Mytilineos with the biggest electric power company in Greece, PPC for the new and last contract for the supply of electricity at Aluminum of Greece...
The Total Vehicle Solutions (TVS) Group, a creation of Elaghmore Partners LLP, the UK-focused private equity firm has acquired the maker of aluminium bodies for rigid and tipping trailers Wilcox Commercial Vehicles. The acquired business is operated from a 43000 sq ft factory in Market Deeping and...
The global manufacturer and seller of plastic closures for food, beverage and industrial markets, Bericap acquires German aluminium closures producer Mala Verschluss-Systeme. The deal amount is yet to be disclosed. The deal propelled Mala to join Bericap’s plastic range and represents its expansion...
REEL International on 1st June has acquired GE Steam Power’s Aluminum AQCS (Air Quality Control Systems) Technology portfolio and related business in Norway. The know-how acquired includes the technologies developed under the ownerships of FLAKT, ABB and ALSTOM Environment. The acquired business...
On Tuesday, June 1, Hydro completed the sale of its aluminium rolling business area to KPS Capital Partners, which is expected to strengthen Hydro’s position in low-carbon aluminium. Hydro President and CEO Hilde Merete Aasheim said, "Hydro's ambition is to lift profitability and drive...
