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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Vesuvius plc, a global leader in molten metal flow engineering and technology, announced that it has signed an agreement to acquire CCPI Inc, a specialty refractory producer focused on tundish (steel continuous casting) applications (65% of sales) and aluminium (35% of sales). Based in Ohio, USA,...
Press Metal Aluminium Holdings Berhad reported net profit of RM156.41 million in Q4 2018, up 4% from RM150.19 million in Q4 2017.For the full year of 2018, net profit rose 6.2% to RM629.98 million compared with RM593.38 million in the previous year. Quarterly revenue increased from RM2.13 billion...
Grasim Industries Limited, a part of the Aditya Birla Group, signed a definitive agreement to acquire the Chlor-Alkali Business of K.P.R. Industries (India) Limited for INR253 crore in a cash deal. K.P.R. Industries’ Chlor-Alkali Business consists of an under-construction 200 TPD Chlor-Alkali...
Arconic announced that it will separate into Engineered Products & Forgings and Global Rolled Products, with a spin-off of one of the businesses. The US aluminium products manufacturer will also consider the sale of businesses that do not fit into either of the divisions. Arconic Chairman and Chief...
Key Land Capital’s investments division has acquired Fusion Windows and Doors, which operates from a 10,000ft2 manufacturing unit in Aston, for an undisclosed sum. Fusion Windows and Doors manufactures aluminium windows, doors and curtain walling. All products are produced using the latest CNC...
Deceuninck Group has partnered with So Easy Holding BVBA for “So Easy” aluminium window systems of So Easy System Sp.z.o.o., a designer and manufacturer of innovative aluminium window systems active in Eastern Europe. The company, with an annual turnover of € 12 million euro, has a state of the art...
(Continued from Part I ) Growing demand for automotive sector has moved the market and boosted investments and expansions in 2018. Trump’s aluminium tariffs also encouraged opening of a number of small and medium size aluminium plants in the U.S. and expansion of many plants, as tariffs boosted...
Carlisle Companies Incorporated has completed the acquisition of Elk Grove Village, Illinois-based Petersen Aluminum Corporation for approximately $197 million in an all-cash transaction. Petersen’s manufactures and distributes architectural metal roof panels, steel and aluminium flat sheets and...
Endurance Overseas Srl., Italy (EOSrl), a subsidiary of Endurance Technologies Ltd and the special purpose vehicle for strategic overseas investments, has acquired Fonpresmetal Gap SpA (Fonpresmetal) for 8.16 million euro. Fonpresmetal has been renamed as Endurance Castings SpA. Fonpresmetal has...
Purso Group Oy, based in Nokia, Finland, has purchased the share capital of the Dutch company Nedal Aluminium B.V. in the largest company acquisition of its history. The transaction doubles the former’s production capacity and opens new markets in Central Europe. Purso Oy, which processes aluminium...
Carlisle Companies Incorporated, a global leader in commercial and industrial building envelope products through its Carlisle Construction Materials (CCM) operating segment, signed a definitive purchase agreement to acquire Petersen Aluminum Corporation. Petersen Aluminum, headquartered in Elk...
Liberty House, the industrial group owned by Sanjeev Gupta, is in talks to acquire aluminium and steel assets in the UAE as the company looks to expand its presence in the Middle East, according to news published by The National. David Dawson, the chief executive of Liberty House Industries, a unit...
According to a report by a Romanian daily financial newspaper Ziarul Financiar, local brokerage firm Swiss Capital successfully placed 241 million shares of Romanian aluminium producer Alro Slatina through an accelerated book build (ABB). The shares sold represented a stake of nearly 34 per cent in...
Premier Supplies has purchased the manufacturing arm of Dalmatian Windows in East Kilbride, Scotland. The acquisition of gives Premier a dedicated window production facility and the capability to manufacture Synseal SynerJy range in-house. Premier first made a name for itself in the conservatory...
Rio Tinto announced it has completed the sale of its Dunkerque aluminium smelter in northern France, Europe’s biggest aluminium producer, to Liberty House for $500 million. In January, Rio Tinto had accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter....
Can-One announced that it is planning to buy 2.17 million shares or a 0.49% stake in Kian Joo Can Factory Bhd (KJCFB) from Tan Kim Seng for RM6.71mil or RM3.10 per KJCFB share in cash. This will increase Can-One’s shareholding in Kian Joo to 33.39% from 32.9%, The Star Online reported. In the event...
In the background of excess beverage cans supply in China. American soda can maker Ball Corporation is reportedly planning to sell its manufacturing facilities in China at about US$225 million. The news came when the company announced about its plans. The company plans to sell the can-making...
Constellium N.V. announced through a press release on December 11 that it signed an agreement with UACJ Corporation and its U.S. subsidiary, Tri-Arrows Aluminum Holding Inc. (TAAH), to acquire TAAH’s 49% stake in Constellium-UACJ ABS, LLC (CUA). The cost of the acquisition will be US$100 million...
