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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Rio Tinto has completed the sale of its 75 per cent interest in the Winchester South coal development project in Queensland, Australia, to Whitehaven Coal Limited. Total consideration of $200 million is comprised of $150 million in cash received today and an unconditional cash payment of $50...
Jamaican Government has announced plans to merge Clarendon Alumina Partners (CAP) and the Jamaica Bauxite Mining Limited. The joint company will be listed in Jamaica Stock Exchange. Jamaica Bauxite Mining owns 51 per cent of the old Kaiser operations. CAP has a 45 per cent stake in bauxite company...
British group, Liberty Engineering, owned by industrialist Sanjeev Gupta has won its bid to take over AR Industries (ARI), the only French manufacturer of aluminium wheels, in a court ruling. In March, GFG Alliance, led by Liberty Group, submitted the bid to the court administrators for AR...
Harsco Corporation has acquired ALTEK Group, a manufacturer and installer of aluminium dross and scrap processing systems, for a purchase price of £45 million (approximately $60 million), plus an additional future consideration, to be paid subject to the future financial performance. Alan Peel,...
Vimetco Group, which owns 84% stake in Alro, and controlled by Russian investor Vitaliy Machitski, is exploring strategic options for a potential decrease of its ownership stake in Romanian aluminium producer Alro Slatina. “The Company has been informed by its majority shareholder – Vimetco N.V.,...
Malaysia’s Press Metal Aluminium Holdings Bhd announced results for the first quarter ended March 31, 2018.The company’s revenue increased from RM1.93 billion in Q1 2017 to RM2.13 billion in Q1 2018, driven by higher aluminium prices. The company’s profit before tax rose 5.5 per cent to RM210.2...
Bauxite Resources Limited has received advice from legal counsellor that the rejection of the proportional takeover bid made by Mercantile OFM Pty Ltd (Mercantile) at the Company’s general meeting held on 23 March 2018 will not be applicable to the Mercantile bid. The board has accepted this advice...
Lincoln Industries, one of the leading provider of metal finishing services and manufactured finished products, has acquired affiliated Wisconsin-based businesses Southwest Metal Finishing and Inventix Manufacturing. Southwest Metal Finishing in New Berlin, Wisconsin is a decorative chrome plating...
Mercantile OFM’s A11c per share proportional takeover offer for Bauxite Resources has been extended until May 21, while the company is fighting back, boosting its venture Ceres bauxite deposit in the Darling Range, Western Australia by 48%, a company press release confirmed. The exploration project...
Metalcorp Group B.V., one of the leading manufacturers of secondary aluminium ingots in Europe, has planned to make investments in a second continuous casting line and a homogenisation plant at BAGR Berliner Aluminiumwerk GmbH. BAGR Berliner Aluminiumwerk GmbH specializes in producing rolling slabs...
Norsk Hydro completes s acquisition of Arconic’s two extrusion plants in Brazil on April 2, 2018, strengthening Hydro’s downstream position in Brazil and creating a solid platform for further growth. The two extrusion plants at Utinga and Tubarão in southern Brazil that belonged to Arconic have one...
British Indian billionaire Sanjeev Gupta’s Liberty Group submits a bid for the French aluminium wheel manufacturer, AR Industries (ARI). This is not the first time Mr. Gupta’s group is attempting to acquire an aluminium firm. Earlier also, he had brought one of Europe’s biggest smelters Aluminium...
Chassix, Inc. announced the acquisition of BENTELER Automotive Farsund's lightweight aluminium low pressure automotive casting business. The Farsund business will operate under the name Chassix Norway AS. BENTELER Automotive Farsund’s casting business consists of a highly automated aluminium...
Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday. The mining group has tried to sell the division many times without success, including in 2017,...
Emaar Industries & Investments (EII) has acquired a stake in Gutmann Systems Middle East, a supplier of architectural aluminium glazing systems. The strategic partnership with EII will be a game changer for our operations in the region, according to Gutmann Systems Middle East. Nael Afieh, Managing...
Equistone , one of Europe's leading mid-market private equity investors, announced it will acquire a majority stake in BOAL Group, a manufacturer of high-performance aluminium greenhouse roof and side-wall systems for glass and poly greenhouses in the Netherlands. No financial transactions were...
Andersen Corporation, headquartered in Minnesota, has acquired Heritage Windows and Doors, a manufacturer of custom, high-quality aluminium windows and doors for the luxury residential and commercial market in Gilbert, Arizona. "The acquisition of Heritage expands Andersen's product portfolio,...
Aeromet International, a leading supplier of aluminium and magnesium castings and fully-finished, assembly ready cast parts for the aerospace and defence industries, has acquired Stone Foundries Ltd from Langham Industries. Stone Foundries is a manufacturer of high integrity aluminium and...
