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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Endurance Technologies announced that its subsidiary Endurance Overseas Srl, Italy, has acquired controlling equity stake of 99% in Adler SpA. The corporate name of Adler is being changed to Endurance Adler SpA. Endurance Technologies is a manufacturer of aluminium casting (including alloy wheels),...
Novelis Inc., the world leader in aluminium rolling and recycling, announced on April 14 that it completed the acquisition of Aleris Corporation, a global supplier of rolled aluminium products. Thus, Novelis is now better positioned to meet customers’ demand for aluminium, with a wider product...
Atlanta-based world-leading aluminium rolling and recycling firm Novelis Inc. announced today, on April 8, about the receipt of the final clearance needed to complete the acquisition of Aleris Corporation, a global supplier of rolled aluminium products. Thus, it will now move expeditiously to close...
The Russian aluminium giant Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3 billion, as announced in a Hong-Kong regulatory statement on 03 rd April. The British born Swiss trader and metals producer Glencore Plc has long been one of the principal...
One of the global giants in the metal packaging industry, Technocap, is reportedly forming a partnership company with an Indian group Oricon, in an attempt to debut in the Indian market. According to the report, the new joint venture named Technocap Oriental will be based in Mumbai. 75 per cent of...
Ball Corporation, a supplier of innovative, sustainable aluminium packaging solutions, has announced that it will acquire Tubex Industria E Comercio de Embalagens Ltda, an aluminium aerosol packaging business with a plant near Sao Paolo, Brazil, along with associated contracts and other related...
One of the world’s biggest aluminium extrusions manufacturer, China Zhongwang Holdings, on Wednesday, February 26, announced that it would sell its loss-making smelter for $655.94 million. According to the report, Zhongwang has agreed to sell its 100 per cent stake in Zhongwang Aluminium Material,...
Austria-based Hammerer Aluminium Industries (HAI) publicizes its takeover of Hydro’s aluminium extrusion plant in Romania's western county of Arad. 3 rd February’20 HAI stated: "After the signing in September’19 the acquisition by Hammerer Aluminium Industries of the Hydro extrusion plant in...
Alcoa Corporation has completed the sale of its subsidiary firm Elemental Environmental Solutions LLC (EES), which operates a 1,300-acre hazardous waste treatment business in Gum Springs, Arkansas. The news came after the US-based world’s eighth-largest aluminium producer announced this today,...
Hydro announced that it will sell its closed Kurri Kurri aluminium smelter to a joint venture of local property and residential land developers Stevens Group and McCloy Group. Hydro's Kurri Kurri aluminium smelter started production in 1969 and went offline in 2012 due to the continued weak...
Hydro announced that it sold a 65 percent stake in Sapa Ben Thanh Aluminium Co., Ltd. to a local Vietnamese company. The move is a part of the overall review in Extruded Solutions aiming to optimize and streamline the portfolio. Hydro has closed a transaction with a local Vietnamese company on...
According to a recent report, Novelis is in talks to extend the closure of its planned acquisition of US aluminium products maker Aleris Corporation by three months, as securing regulatory approvals delayed. In November 2019, a report stated that the company was expecting to close the purchase deal...
The 60-year-old German aluminium closure manufacturer Closurelogic GmbH has been acquired by Guala Closures for a deal which values approximately $13.5 million, out of which $4.5 million is for inventory. Closurelogic is based at the oldest German city Worms which primarily produces closures and...
Only days after the management at Aluminij Mostar, Bosnia, resigned, the plant reportedly handed over layoffs to 362 workers, that is, to the remaining workforce of the bankrupt giant. According to the report, dismissals were handed over to the workers with varied notice periods, so that the plant...
The global leader in bauxite, alumina and aluminium products Alcoa Corporation has agreed to sell its Gum Springs, Arkansas waste treatment facility in a $250 million transaction to Veolia ES Technical Solutions (VTS) in the first quarter of 2020. As per the terms of the agreement between the...
On Friday, December 20, Atlanta-based rolled and recycled aluminium firm Novelis Incorporation confirmed the receipt of approval from China’s State Administration for Market Regulation (SAMR) for its acquisition of Aleris Corporation for US$2.6 billion. As per the firm, this was the final approval...
According to a company report, management at Aluminij Mostar, Bosnia's sole aluminium smelter has resigned after a potential investor submitted an inadequate buying offer for the smelter. The debt-ridden smelter was shut down in July because of high electricity and alumina prices. A failure to find...
Abdulla Jassem Kalban and Abdulnasser Ibrahim Saif Bin Kalban is reportedly becoming Emirates Global Aluminium's new Managing Director and Chief Executive Officer, with effect from January 2020. Such was the announcement made by the Board of EGA on Wednesday, December 18. Abdulla Jassem Kalban, as...
