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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Carlisle Companies Incorporated, a global leader in commercial and industrial building envelope products has announced it will acquire Petersen Aluminum Corporation, a manufacturer of high-quality metal roofing products through its subsidiary Carlisle Construction Materials (CCM) for approximately...
NK5, a leading player specialised in investing in firms facing financial and/or operating difficulties, announced the sale of Baux to Jupiter Aluminium Corporation. Baux is a Spain-based industrial group that produces hot-cold-rolled and lacquered aluminium products from 100% recycled materials....
Microdrones, a manufacturer and supplier of customized and intelligent UAV/drone solutions in Germany, has announced it has merged with Schübeler Technologies, a provider of robust turbo fans, jets, compressors, pumps, electric motors, carbon fiber and aluminium composites. Daniel Schübeler,...
The Australian explorer firm Pure Alumina Limited is planning to buy private Canadian high purity alumina (HPA) producer Polar Sapphire. Polar Sapphire makes some of the lowest cost HPA at its Toronto pilot plant available in the market at present. Pure Alumina, formerly called Hill End Gold told...
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia, closed its nine months ended 30 September 2018 (9M FY18) with satisfactory results amidst fluctuation in both aluminium price and raw material costs. The company’s revenue in 9M FY18 increased 15.5% to RM6.94...
Chinalco sees the company’s future overseas, as told by Ao Hong, deputy general manager of Aluminum Corp. of China, or Chinalco in an interview. The company is looking at business opportunities overseas as the domestic market is crippled by metal aluminium oversupply and higher raw material costs....
The Managing Director of Hindalco Mr. Satish Pai reported to ET Now that the company delivered good aluminium results in the second quarter of this year despite the less than impressive aluminium prices and higher input costs. The company reportedly sold nearly 25,000 tonnes of more aluminium in Q2...
One Equity Partners has acquired Netherlands-based aluminium and laminate specialty packaging firm Alltub from Aurora Capital Group’s affiliate Aurora Resurgence. Amsterdam based Alltub offers aluminium and laminate packaging solutions for customers in the cosmetics, pharma, food and industrial end...
LB Aluminium Bhd announced in a filing with Bursa Malaysia that its 51%-owned subsidiary Citajaya Kuasa Sdn Bhd has subscribed for two million new shares, representing an 80% stake in Contras Build Sdn Bhd for RM2 million. The remaining 49% of Citajaya is held by Datuk Seri Gan Yu Chai. The company...
MYTILINEOS S.A. announces the agreement for the acquisition of a 97.87% stake in EP.AL.ME. S.A. (Aluminum Processing – Metal Industry), a Company that operates in industrial production, processing and trading of metals, mostly aluminium alloys and derivative products. EP.AL.ME. was founded in 1973...
According to the report by Reuters, the lightweight aluminium products manufacturer Arconic Inc’s board of directors is mulling US$11 billion worth acquisition offer which it received last Friday from buyout firm Apollo Global Management LLC. Apollo’s offer values Arconic at between $23 and $24 per...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in Southeast Asia, is buying a 50 per cent stake in Japan Alumina Associates (Australia) Pty Ltd (JAA) for A$250 million (RM739 million). JAA holds a 10 per cent stake in Worsley Alumina unincorporated joint venture which owns and...
Project generator Altus Strategies has agreed to sell off its 50% stake in the Birsok bauxite project in Cameroon. The company generated £3 million (US$3.96 million) in shares and a US$1.50 per tonne royalty. Canyon Resources bought the 50% stake in the project and became the existing joint venture...
Rio Tinto, an Anglo-Australian multinational and one of the world's largest metals and mining corporations, is reportedly close to recommencing a sale process of its aluminium plant in Iceland, along with some aluminium assets. The aluminium plant in Iceland has been valued at around US$350...
Concord Resources Limited (Concord) has acquired an equity position in New Day Aluminium Holdings LLC, the parent company of Noranda Bauxite and Alumina, according to news reported by Jamaica Observer. Concord is a global resources merchant focused on the supply chain and risk management of...
Arconic announced today that it has reached an agreement to sell its Texarkana, Texas rolling mill to Ta Chen International, Inc., a U.S. subsidiary of aluminium and stainless steel distributor Ta Chen Stainless Pipe Co., Ltd. Under the terms of the transaction, Arconic will sell Texarkana for...
The Hyderabad-based defence public sector unit, Midhani or Mishra Dhatu Nigam Limited has announced a dividend of INR 39.4 crore or INR 2.10 per equity share for FY 2017-18. During FY 2017-18, the manufacturer of speciality materials for strategic sector registered a net profit of INR 131.26 crore...
Braidy Industries, a manufacturer of metals for transportation and defense industries, announced it has acquired NanoAl LLC (NanoAl), a materials research and technology company dedicated to design, develop, and commercialize high-performance aluminium alloys based on scientifically-designed...
