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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Kaiser Aluminum Corporation, a leading producer of semi-fabricated aluminium products, has acquired Imperial Machine & Tool Co., a leader in multi-material additive manufacturing and machining technologies for aerospace and defense, automotive, high-tech, and general industrial applications....
According to a press update from Norsk Hydro it has signed and an agreement with Rio Tinto to terminate the acquisition process for Rio Tinto's Icelandic aluminium plant ISAL. The takeover process also included its interests in Dutch anode facility Aluchemie and Swedish aluminium fluoride plant...
Metallica Minerals and Melior Resources on Thursday, September 13, announced that they signed an agreement together to create a diversified Queensland mining company with the aim to boost near-term production potential and the future growth opportunities. Metallica Minerals Ltd. is an Australian...
Orora Limited has acquired Bronco Packaging Corporation (Bronco) for USD$24 million as part of the continued growth of the Orora Packaging Solutions (OPS) business in North America. Orora’s products portfolio include glass bottles, aluminium cans, closures and caps, boxes and cartons,...
STAS has announced through a press release that it has purchased technologies from o.d.t. Engineering PTY. LTD finalized in April 2018. O.d.t. Engineering is a family owned Australian company specialized in the design and supply of casting and material handling equipment and production consumables...
The Pittsburgh-based world’s sixth largest aluminium products maker Arconic Inc. is busy discussing acquisition offers for the entire company, people familiar with the matter updated. Last month, the company had also made an announcement of its sale process but only for building and construction...
BAGR Berliner Aluminiumwerk GmbH has purchased the remaining 50% shares of Stockach Aluminium GmbH from SSVP III, a press release from the company confirms. Founded in 1997 to take over an older location of the aluminium industry in Berlin, BAGR is a part of the Metalcorp Group. Both the companies...
Press Metal Aluminium Holdings Bhd, the largest aluminium smelter in South East Asia reported 7% increase in earnings in Q2 2018 on higher selling price for aluminium and aluminium products. The company, in its statement Wednesday said that its Q2 performance was also buoyed by a stronger US...
According to a press update from the company on Wednesday, Germany's Trimet Aluminium has completed the sale of its automobile parts unit to China's Bohai Automotive Systems. Trimet decided to spin off its automobile aluminium products business in 2017. In December 2017, TRIMET and Bohai Automotive...
In Q2, the company reported a net loss of $47 million compared to net loss of $2 million in Q2 2017. The loss is attributed to a debt adjustment of US$49 million associated with the Company's debt refinancing. Record adjusted EBITDA increased to $85 million from US$66 million in Q2 2017. Strong...
Bauxite Resources Limited has published its June 2018 Quarterly Activities and Cashflow report with updates on its exploration activities, takeover bid and cash flows. The report confirms that that proposed proportional off-market takeover bid of BRL by Mercantile OFM Pty Ltd closed on 30 June...
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it has signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt. For Novelis, Aleris, and their...
Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The...
Samuel, Son & Co., Limited, an Ontario based family-owned integrated metal manufacturing, processing and distribution company; announced the acquisition of Sierra Aluminum, a leader in the aluminium extrusion industry based at Riverside, California. Sierra supplies aluminium extrusions and related...
Metalcorp Group, a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors and one of Europe’s leading independent producers of secondary aluminium ingots, has announced that it has successfully completed its acquisition of the remaining 50...
The Reserve Bank of India has urged the Hyderabad High Court for seeking to permit The State Bank of India to go ahead with insolvency proceedings against Anrak Aluminium, an Indo-UAE joint venture. SBI legal counsel VK Sajith has confirmed the RBI’s petition but refused to comment on the matter...
Resource recovery specialist Axion Recycling has been purchased in full by Liverpool-based metal recycling firm S. Norton & Co. Axion recycles non-metallic waste from end-of-life vehicles and electronic goods and has been working with Jaguar Land Rover (JLR) to help increase the recycled aluminium...
According to Reuters report, a unit of Beijing’s Tsinghua University would buy a Xinjiang-based aluminium smelter Tianshan Aluminium at an estimated price of US$ 3.7 billion. In a statement, Xiamen Unigroup Xue Co Ltd (000526.SZ), a Shenzhen-listed education services provider controlled by Tsinghua...
