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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Soon Lian Holdings, a supplier of aluminium alloy has signed a deal with Halliburton Far East to buy a single-storey deserted factory at Tuas for S$7.8 million. The property has a built-in area of about 4,800 square meters and a land area of about 9,800 square meters. The company is planning to...
Alcoa Corporation, a global leader in bauxite, alumina and aluminium products, today announced decisions regarding smelting assets in the United States and Italy. The actions support the Company’s strategic priorities to reduce complexity and to strengthen the balance sheet. In the United States,...
Bauxite Resources said that they set aside $10.7-million of its cash to reward shareholders with a capital return of 5c a share. This came as a counter move to thwart a takeover bid from Mercantile Investment Company. In November, Mercantile has announced an off-market takeover bid for Bauxite...
Mercantile OFM Pty Limited, a Melbourne based investment company has announced that further to the bidding announcements made in November 2017 by them for Bauxite Resources Ltd, they have completed sending its bidder’s statement, offers and supplementary bidder’s statement to shareholders of...
Liberty House, an industrial and metals company controlled by Sanjeev Gupta, is looking at making a bid for Rio Tinto’s aluminium smelter in northern France. Three sources with direct knowledge of the matter told Reuters that the aluminium smelter, which valued at around 200 million euros ($234.44...
Hydro Extruded Solutions AS has agreed with Arconic to acquire its two extrusion plants in Brazil. The agreement will strengthen Hydro's downstream position in Brazil and create a solid platform for further growth. "We believe in the integrated business model and Brazil is the country where Hydro's...
Mercantile Investment which has proposed a takeover bid for Bauxite Resources so far has only 3.1 per cent of the company’s shares, a bidder statement lodged today confirmed. The company wants to acquire controlling stakes of the exploration firm with an off-market 9c-a-share cash offer for half of...
Noble Group, who acquired interest in Jamalco refinery from Alcoa in 2014, is considering the sale of Jamalco alumina refinery. According to news reported by Bloomberg, Global commodities company Noble Group sits down with shareholders this week for crisis talks to restructure about $3.5 billion in...
The acquisition deal between China Zhongwang and Cleveland’s Aleris Corporation has been called off on November 12, 2017. Aleris Corporation announced in a press release on Monday that the merger agreement will not proceed following the Committee on Foreign Investment in the United States (CFIUS)...
Global aluminium producers are likely to experience solid financial recoveries in the year ahead, following years of financial austerity, as prices remain elevated, global research firm BMI said on Tuesday. This would result in targeted acquisitions of specific, value-added aluminium producers and...
Expromet Technologies Group Ltd recently acquired Haworth Castings Ltd, a family owned aluminium and copper based castings foundry and machining facility in Romsey and Basingstoke, Hampshire. Investacast, a subsidiary of Expromet Technologies Group, announced the acquisition of Haworth Castings....
Bauxite Resources Limited has published its response to the Off-Market Proportional Takeover Offer by Mercantile Investment Company Limited. The company has said in a release that it has come to know through an announcement to the Australian Securities Exchange dated 8 November 2017 that a wholly...
ASX-listed Mercantile Investment Company has announced its intention to make a proportional off-market takeover bid for half of fellow-listed Bauxite Resources as part of a plan to put cash back in shareholders’ pocket after a decade of “failed” exploration efforts. In a letter to Bauxite Resources...
Bharat Forge Limited has shown interest in buying Amtek Auto. The company announced that it has participated in the process of acquiring Amtek Auto. Amtek Auto manufactures auto components through a casting machining phases of manufacturing process. The company has the expertise in manufacturing...
The holding company of Noranda has completed the buyout of the La Bâthie operation of ARC Fused Alumina from its owner Imerys, industry sources reported. The US based bauxite and alumina supplier bought the assets from Imerys, which purchased it from its erstwhile owner Alteo in 2016. The ARC Fused...
Rio Tinto is attracting renewed interest in selling its Pacific Aluminium smelting unit by adding two alumina refineries in Australia to the portfolio, according to three sources familiar with the matter. Rio Tinto had tried to sell the division minus the refineries in 2011 and again in 2015...
Chassix, Inc., a manufacturer of aluminium and iron cast and machined chassis, powertrain and subframe automotive components, announced that it has entered into a definitive agreement to acquire BENTELER Automotive Farsund’s lightweight aluminium low pressure automotive casting business. President...
China Zhongwang, the world’s second largest and Asia’s largest aluminium extrusions producer announced the acquisition of aluminium superyacht manufacturer Silver Yachts Ltd for an undisclosed amount. According to a report published by Reuters, China Zhongwang aims to expand the application of...
