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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Altech Chemicals has posted an update on its German project equity strategy announced on 18 July 2019. The strategy involves the acquisition of 29% of the shares of Youbisheng Green Paper AG, which will be re-named Altech Advanced Materials AG (AAM). The strategy also covers sale of 49% stake of...
Metalsearch, an emerging exploration company, has signed an agreement to acquire Abercorn Kaolin Pty Ltd, which owns the large-scale Cynthia kaolinite discovery in central Queensland. Abercorn plans to develop the kaolin resource into a high purity alumina and commercial-grade aluminium sulphate...
PARTER Capital Group AG has completed acquisition of Avilés and La Coruña, Spain Aluminum Plants from Alcoa; a press release from Alcoa confirms that. The acquisition includes the casthouses at both plants and the paste plant at La Coruña, which are currently in operation, and the closed smelters...
Façades systems distributer Vivalda Group has acquired MSP Scotland for an undisclosed amount. MSP will continue to trade under its brand, which was established in 1966. Vivalda chairman Peter Johnson said: “The MSP name is well known across the UK as a provider of both branded facia boards, as...
Nouryon acquired Zhejiang Friend Chemical Co. (Friend), the largest producer of triethyl aluminium (TEAL) in China. TEAL is a metal alkyl used in the production of polypropylene and polyethylene. With this acquisition, Nouryon becomes the only global producer of metal alkyls. The deal will also...
Ardagh Group, a Luxembourg-based producer of glass and metal products, reportedly expands its range of coloured tabs and shells for aluminium cans with copper colour. The copper effect is for increasing the visual impact of canned products. The colour is approved for both Ardagh’s coloured tabs and...
Ardagh Group, a Luxembourg-based producer of glass and metal containers, has reportedly agreed to combine its good and speciality metal packaging business with one of the world’s largest extruded aluminium containers producers Exal Corporation. As per the report, they will together form a new metal...
Alcoa Corporation signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG to sell its two aluminium plants in Spain. Avilés and La Coruña aluminium plants include the casthouses at both facilities and the paste plant at La Coruña, which are...
Reuters said that the U.S. aluminium roller and recycler Novelis, a subsidiary of Aditya Birla Group, India, has no plans for now to offer concessions on the deal to buy Aleris. The company remains firm despite EU antitrust objections over its US$2.6 billion deal to buy aluminium processor Aleris....
According to the Reuters report, Glecore is one of the companies that have shown interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden, and the Netherlands for up to $350 million. Rio had started the assets sale process in late 2018 with the help of French investment bank Natixis after...
H.I.G. Europe, the European arm of H.I.G. Capital, a leading global private equity investment firm, purchased a controlling stake in Metalprint. Founding families Strazzari and Cerutti sold the majority stake to H.I.G. and reinvested in the transaction. Metalprint, based in Italy, is a manufacturer...
Alcoa Corporation announced the signing of amended joint venture agreement with the Saudi Arabian Mining Company (Ma’aden). Alcoa will transfer its 25.1 percent interest in the Ma’aden Rolling Company to Ma’aden. The agreement is expected to close by month end. The joint venture, created in 2009,...
According to a report, the former CEO of Aludium Arnaud de Weert has recently joined Mr. Sanjeev Gupta’s international business GFG Alliance as a chief executive of upstream activities for its fast-growing aluminium division. After being worked with several esteem companies such as Novelis Inc.,...
British–Swiss multinational commodity trading and mining company Glencore has reportedly shown interest in acquiring Bosnia’s aluminium smelter Aluminij Mostar. The news came after Glencore’s general manager said this on Monday, June 17. Bosnia’s Aluminij has been in trouble for years and...
The Australian firm Pure Alumina Limited is on track to acquire Canada-based Polar Sapphire that owns one of the world’s most efficient and effective processes for making high purity alumina (HPA). Scott Nichol, the founder and chief executive of Polar Sapphire, who is soon becoming the Pure...
The United Kingdom-based leading full building envelope specialist FK Group has reportedly acquired architectural aluminium manufacturer Premo Fabrications. Fk Group and premo Fabrications have worked together for many years on many prestigious projects and have shared visions. FK Group believes...
Press Metal Aluminium Holdings Berhad has signed a Memorandum of Understanding (MOU) to acquire 25 per cent equity interest in PT Bintan Alumina Indonesia. PT Bintan Alumina Indonesia, involved in the production of non-ferrous metals, is building a 1 million-tonne alumina refinery plant together...
Can-One Bhd posted revenue of RM406.2 million in the first quarter of 2019 compared with RM310.5 million in the first quarter of 2018, according to its filing with Bursa Malaysia. Profit before taxation stood at RM261.3 million in Q1 2019, up from RM15.9 million in the same period last year. The...
