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...
Grow with
AL Circle
Malaysia's Press Metal Aluminium Holdings is set to expand its aluminium business by acquiring Leader Universal Aluminium Sdn Bhd (LUA). For this, the company has signed an agreement with HNG Capital Sdn Bhd for RM96 million. Leader Universal Aluminium (LUA) is wholly-owned by HNG Capital, and is...
Patrick Industries, Inc. announced complete acquisition of the business and certain assets of Aluminum Metals Company, LLC, based at Elkhart, Indiana. AMC is a manufacturer and distributor of aluminium products including coil, fabricated sheets and extrusions, in addition to roofing products for...
Norsk Hydro has made a $345 million binding offer to acquire Rio Tinto’s wholly owned Icelandic aluminium plant ISAL. The transaction also includes Rio's 53% stake in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (Aluchemie), and 50% stake in Swedish aluminium fluoride plant Alufluor AB...
Mercantile OFM has extended the Offer Period of the Off Market Takeover Bid for 50% shares in Bauxite Resources to 7:00pm (Sydney time) 30 April 2018. The company serves a new notice with ASIC to BAU Shareholders encouraging them to read the offer variation. According to the Extension of the Offer...
WernerCo, an international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment, has acquired ZARGES Group, following receipt of regulatory approvals. Edward Gericke, President of Americas business of WernerCo said:...
Bauxite Resources has lodged a Supplementary Target’s Statement on Feb 2 in relation to the recent Bidder’s Statement for the Off Market Cash Offer from Mercantile OFM. Mercantile OFM recently increased its offer to 11 cents per share for 50% of your shares in BRL (6 cents per share after the 5...
New Wave Holdings has announced that it will acquire Alutech Metals Asiatic Pte Ltd as part of its efforts to develop and expand its aluminium product distribution business. The company also intends to tap marketing strength and customer network of Alutech Metals Asiatic in the PRC to strengthen...
Both Constellium N.V. and Novelis Inc. have announced through press release that they signed a binding agreement to sale and acquire operating facilities and manufacturing assets at its Sierre plant that have historically been leased. The North Building Assets of Constellium’s Sierre plant in...
Nigeria signed Renewed Share Purchase Agreement with UC Rusal for the takeover of the Aluminium Smelter Company of Nigeria (ALSCON). The agreement was signed by the two parties in Abuja on Friday, January 19. The Minister of Mines and Steel Development, Dr Kayode Fayemi, said that the Federal...
China's Ministry of Industry and Information Technology (MIIT) asked Chinese aluminium firms to have replacement capacity ready by end-2018. This notice was directed to firms having permits to replace capacity closed over the past seven years. According to the MIIT statement on its website, the...
With reference to the Off Market Takeover Bid for 50% of the issued ordinary shares in Bauxite Resources Limited, Mercantile OFM Pty Ltd has lodged a revised notice with ASIC on 19 January increasing the offer. Mercantile has increased the Offer from 9.0 cents cash to 11.0 cents cash for one of...
Vedanta Resources Plc. is considering making a bid to buy Ohio-based aluminium rolled products maker Aleris Corporation. Vedanta’s key products are aluminium, alumina, copper, and iron ore among others. “While there is no certainty that Vedanta will eventually make a bid for Aleris, competitive...
Shape Corporation has signed a purchase agreement Ohio-based aluminium extruder, Magnode. The acquisition is expected to close in early March and will increase Shape’s lightweight product and process portfolio. Shape president Mark White said, “Coupling Magnode’s decades of experience in the...
Rio Tinto has accepted a purchase offer from UK industrialist Sanjeev Gupta for its Dunkerque aluminium smelter, Europe’s biggest aluminium producer. According to the sources, the purchase would be announced today unless there were any unforeseen circumstances. This is the latest investment by Mr...
Czech Republic-based producer Metal Trade Comax Group said Tuesday January 9 that the company has acquired German aluminium producer Oetinger Aluminium for an undisclosed sum. Oetinger Aluminium specialises in the production of high quality aluminium alloys. Oetinger supplies its products mainly...
Hindalco Industries Ltd. has reportedly submitted bids for the leading aluminium rolled products manufacturer Aleris. The non-binding offer valued at around US$2.5 billion (including debt) has been made by the India aluminium giant’s U.S. unit, Novelis Inc., sources preferring anonymity said....
The Securities and Exchange Commission (SEC) green lighted the merger of Marcventures Holdings Incorporated with two mining firms: Brightgreen Resources Holdings Incorporated (BHI) and Asia Pilot Mining Philippines Corporation (APMPC). Marcventures will become the surviving entity. The listed firm...
Alcoa’s recently-sold smelter at Portovesme has already found a private-sector buyer, as Swiss firm Sider Alloys is on the cusp of closing a deal to purchase the plant from the Italian government. Per industry media, Sider Alloys is planning to close the transaction by mid-February. The assets of...
