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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HCP has announced the acquisition of the remaining 50% shares of Hetian Packaging (Huai'an) Co., Ltd. The company is now a wholly owned subsidiary of HCP Group. “With this 100% ownership, HCP now have direct control of manufacturing and development capabilities of aluminium which is becoming more...
According to a Reuters report, GFG's aluminium business Alvance is eyeing takeovers in order to triple its manufacturing capacity. The chief executive said that the company is aiming to create a vertically-integrated group. Alvance plans to enhance its capacity to 1 million tonnes annually of...
The new filtration process has started working; speciality alumina producer Alteo is permitted to discharge waste-free water at sea. The eight buyers who are in the run will visit the plant site in France next week. The trade unions demand that they incorporate this new data in their offer, fearing...
Ball Corporation, a supplier of innovative, sustainable packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services, has completed the acquisition of Tubex Industria E Comercio de Embalagens Ltda., an aluminium aerosol...
Rusal, the world’s second largest aluminium company by primary production, has decided to step down from the aluminium trading joint venture in southern China, partly due to concerns over lower sales volume, said three sources with knowledge of the matter. Two of the sources also said that the...
The Cameroonian Aluminum Company Alucam and the Cameroonian aluminium finished products firm Socatral will no longer be two separate organizations. The two entities have decided to merge. During the exceptional general meeting which was held on 30 th June’20, the shareholders of the two companies...
AMAG Austria Metall AG has acquired a 70 % share of the German company Aircraft Philipp Gruppe (ACP). The acquisition is expected to complete in late autumn.The Aircraft Philipp Group will operate and be managed as an independent company of the AMAG Group. “We are pleased to be integrating such a...
In the year 1958, Hindalco Industries started with an aim to produce primary aluminium and brownfield expansion, whereas, from 2020 onwards, Hindalco has grown through acquisitions and FDI investments. The primary aluminium business generated non-uniform cash-flow due to the fluctuation in the...
The British metal tycoon, Sanjeev Gupta owned Liberty House Group, part of GFG Alliance, has hinted their interest in acquiring Alcoa’s San Ciprián aluminium smelter in Spain, as per Industry sources. Alcoa has already declared an informal process with the workers’ representatives to discuss...
Hydro announced that Rupert Fertinger GmbH will to acquire Hydro Extruded Solutions operations in Remscheid, Germany. Hydro and Rupert Fertinger GmbH (Fertinger) have signed a Term Sheet for Fertinger to acquire the company’s welded tube business in Remscheid, Germany. The Remscheid operations,...
PT Vale Indonesia is dedicated to completing the divestment of the company's shares by June’20 as this has missed the original target. Bernardus Irmanto, CFO, Vale Indonesia explained: “The joint management with partners, namely Vale Canada Limited and Sumitomo Metal Mining Co. Ltd. stated that...
Endurance Adler SpA, Italy (EA SpA), the step-down subsidiary of Endurance Technologies Limited and a direct subsidiary of Endurance Overseas Srl, Italy has acquired Grimeca Srl, Italy with effect from 21st May, 2020. The company has acquired a 100% stake in Grimeca for Euro 2.25 million. Endurance...
Aditya Birla Group as the owner of Hindalco and, therefore, Novelis secured its position as the world’s largest producer of value-added aluminium products with the completion of the $ 2.8 billion acquisition of Aleris in 2019, though the approval from the U.S. Justice Department has been pending...
Adel, the Netherlands-based aluminium maker stated on 18 th May’20 that it has tied up for this year and next year to sell 180,000 tonnes of the metal to commodity trader Glencore. London-listed Glencore is a major player in the aluminium market outside China. Earlier in April’20, Glencore made a...
Rio Tinto is keeping a close watch on merger and acquisition (M&A) opportunities to diversify its portfolio in a bid to overcome market uncertainties caused by the COVID-19. The news came after Rio Tinto chief executive Jean-Sébastien Jacques said in a statement at a virtual presentation at Bank of...
The "US Department of Justice" is proposing a federal court to order Aditya Birla Hindalco-owned American company Novelis to divest its entire stakes in aluminium major Aleris due to the competitive concern with such an acquisition. Novelis with its headquartering in Atlanta produces flat-rolled...
Lixil Group Corporation, the Japanese owners of Permasteelisa has made public that it is selling the company to US firm Atlas holdings, the owners of Aludium. Lixil Group has been trying to offload the multinational – the UK’s largest envelope specialist by turnover – for several years, with...
Prowrap, the Bristol-based professional re-winder and manufacturer of aluminium foil has secured investment from Longacre Group. The deal incorporates Longacre will be funding both brands within the Prowrap portfolio – Procare and Wrapex – and would be maintaining the long-term future of the...
