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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According to Dubai Industrial City, Dubal Holding’s decision to acquire 60% stake in Dubai-based aluminium extrusion company OSE Industries is a major vote of confidence in the UAE economy. The deal upgrades emirate’s position as investor-friendly manufacturing and logistics hub. UAE, the largest...
On 11 th February 2021, the law firm Schultze & Braun announced, Rusal, the world's leading aluminium producer is taking over the Rheinfelden Aluminium group. This will secure the future of the century-old German aluminium manufacturer. Aluminium Rheinfelden applied for preliminary insolvency...
On Wednesday, February 3, Novelis Inc., the world leader in aluminium rolling and recycling, reported a net income attributable to common shareholder of $176 million in the third quarter of the financial year 2020-21, up 64 per cent year-on-year. The company’s net income from continuing operations...
After an intensive time of preparation and an extensive integration process, we would like to announce that the two companies, Tokai COBEX and Tokai Carbon Savoie, complementing each other, are now ONE company within Tokai Carbon Group. We are pleased to inform you that we are now united and...
The English company Aspen Pumps based in Hailsham has acquired Malaysian-based manufacturing company of high-end aluminium and metal-based components for the lighting, air conditioning and electrical industries, LNE Group. LNE was founded in 2002 by an Englishman named Mark Rampling, while the...
The deadline granted for takeover bid to the French automotive foundry MBF Aluminium in Saint-Claude (Jura) which has been in receivership position since 4th November’20, has been postponed from 20th January to 9th February by the Dijon commercial court. In the recent weeks, four interested...
On 28 th January 2021, the Japanese multinational organization Showa Denko KK stated that it would sell out its aluminium division to American investment firm Apollo Global Management as the manufacturer measures to divest assets. Showa Denko distinctively plans to sell out its aluminium rolling...
Cédric Schmuck is Deputy CEO at REEL International SAS, where he has over 25 years’ experience in different Engineering, Project Management, Business development, and Executive management positions. Active since 1999 in the aluminium industry, Cédric has been in charge of REEL’s Aluminium Division...
The bauxite tycoon, Fadi Wazni, after acquiring the world's number one speciality alumina refinery in France, Alteo, the Franco-Guinean Chairman of the Board of Directors of the Boké mining company, plans to develop an alumina refinery in Guinea. The buyout plan by the Guinean UMS (United Mining...
On Thursday, January 7, a commercial court in France gave a green signal to Guinean logistics specialist United Mining Supply (UMS) to take over Alteo, a global leader in specialty alumina. The former was the last remaining bidder to take charge of Alteo’s production site near the southern city of...
Anheuser-Busch InBev has decided to sell 49.9% stake in its US-based metal container plants for approximately USD 3 billion to Apollo-led Consortium. The Consortium includes entities advised by Apollo and its subsidiaries and a group of institutional investors. AB InBev will create additional...
Hydro completed hydropower transaction with Lyse on December 31. Both the companies have merged power production assets through the creation of a new company, Lyse Kraft DA, which includes Hydro’s hydropower assets Røldal-Suldal Kraft (RSK) and the majority of Lyse’s power production portfolio. In...
On 28 th December’20, the French industrial group specializing in complex handling and lifting systems and integrated systems solutions, REEL International SAS has signed an agreement to acquire Metso Outotec Oyj (Finland) aluminium business. REEL, the leader in handling and lifting systems, now...
The Andhra Pradesh state government in India is considering acquiring the Ras-Al-Khaimah Investment Authority’s (Rakia’s) stake in Anrak Aluminium joint venture. This is an effort to settle the dispute after several years under international arbitration. However, the state government lately...
DUBAL Holding has acquired 60% stake in UAE’s aluminium extrusion company OSE Industries. The acquisition will help OSE to grow its business rapidly in the UAE as well as overseas. Established in 2012 as a family run business, OSE, established in 2012, produces Multiport Extrusion Tubes, MPE Tubes,...
Tan Sri Chan Kong Choy has cropped up as the largest shareholder of aluminium extrusion firm P.A. Resources Bhd after acquiring a 10.18% stake in the group. The former Malaysian Transport Minister’s wholly-owned, Interlink Matrix (M) Sdn Bhd, acquired 228.38 million shares from P.A. Resources’...
Reynaers Aluminum acquires technical wholesaler Agentor and in this way the company strengthens its position in the Netherlands. Agentor NV will become part of Reynaers Aluminum BV, located in Helmond, and active in the development and sale of aluminium facade systems in the Netherlands. Reynaers...
Alcoa Corporation has entered into agreement to sell Alcoa Warrick LLC, covering rolling mill business for total amount of approximately $670 million. The transaction is likely to close by the end of the first quarter of 2021, subject to regulatory approval and customary closing conditions. “The...
