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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Zhongwang Aluminium Deutschland GmbH, a subsidiary of China Zhongwang Holding Ltd., a manufacturer and developer of aluminium extrusion products, has acquired Aluminiumwerk Unna AG (Alunna) in August 2017. Zhongwang will hold 99.72% stake in Aluminiumwerk Unna AG (Alunna). The acquisition will...
GF Automotive, a division of GF, announced on Friday, August 25, that it will acquire Eucasting Ro SRL, a high pressure aluminium die casting specialist with two productions sites in Romania. The companies have agreed not to disclose any financial details. Federica Mapelli, owner of Eucasting Ro...
<p>Ford Motor Co. is looking to forming a joint venture with Anhui Zotye Automobile, a manufacturer of zero-emission all-electric vehicle, for producing electric vehicles in China under a new brand. Both the firms will hold a 50-50 stake in the JV.</p> <p style="text-align: center;"><img...
<p>In a first-ever move under the Insolvency and Bankruptcy Code (IBC), 2016, the Hyderabad bench of the National Company Law Tribunal (NCLT), India, has approved an insolvency resolution plan for Synergies Dooray Automotive Limited (SDAL), an aluminium alloy wheel supplier to global auto...
<p>According to a report from The Australian, US-based Century Aluminium and Glencore are eying Rio Tinto’s Pacific Aluminium business, which is up for sale through Deutsche Bank at an estimated cost of $US1 billion ($1.3bn).</p> <p style="text-align: center;"><img style="vertical-align:...
<p>The partnership of Indonesia’s diversified mining company PT Aneka Tambang (Antam) and Japanese Showa Denko K.K. has come to a breaking point as the latter wants to quit the joint venture company, PT Indonesia Chemical Alumina, while Antam wants to divest some of its shares.</p> <p...
<p>Fairview Architectural, a manufacturer and supplier of façade solutions throughout Australia, New Zealand and the United Kingdom, announced the acquisition of STRYUM business, an intelligent non-combustible aluminium cladding system, from Vitekk Industries. The company is expanding its...
<p>Norsk Hydro reports positive 2nd quarter 2017 results driven by higher realized all-in metal and favourable currency developments that was slightly offset by higher raw material costs and lower realized alumina prices. Hydro reports underlying EBITD of to NOK 2,930 million in comparison to NOK...
<p class="MsoNormal">A steel giant Liberty House Group, headed by businessman Sanjeev Gupta, has acquired a manufacturer of cast aluminium engine and vehicle components in a rescue deal that helps save the jobs of around 550 workers.</p> <p class="MsoNormal">The Group has bought the trade and...
<p>Downstream aluminium sector is where the real buzz is right now. The once mighty primary aluminium industries in many regions are currently shifting their focus to downstream manufacturing, and the last week stood a witness of many such changes.</p> <p><strong>Norsk Hydro</strong> entered into...
<p>Ohio based nonferrous scrap metal brokerage company Kripke Enterprises Inc. (KEI) has acquired aluminium coil distributor Mid South Aluminium Inc. The Jackson, Tennessee based company from now on will operate as a business division of KEI while retaining its original name.</p> <p>Commenting on...
<p>Norsk Hydro have entered into an agreement with Orkla to purchase Orkla's 50% interest in Sapa for a value of NOK 27 billion. This will give Hydro the full ownership in the global leader in extruded aluminium solutions making Hydro a leading global integrated aluminium company with more than...
<p>Linamar Corporation, Canada's second largest engineering and automobile parts manufacturer has filed conditional offers to acquire assets of French companies, Societe Aveyronnaise de Metallurgie (SAM) and FVM Technologies (FVM) whose estates have filed for bankruptcy....
<p>The Rio Tinto board has reconfirmed its recommendation that shareholders vote in favour of the sale of its wholly-owned subsidiary Coal & Allied Industries Limited (“C&A”) to Yancoal Australia Limited (“Yancoal”). The recommendation follows consideration by the...
<p>The sale agreement of Aleris Corp to China Zhongwang Holdings Ltd has been one of the most critical as well as controversial announcements made during 2016. The announcement has created major concern among US lawmakers and aluminium players because of its critical after effects. About 27...
<p>Quantum Resources is planning to acquire Australian private minerals exploration company Halcyon Resources as it intends to enter the high purity alumina (HPA) market. The company is planning a bid for all of Halcyon’s shares.</p> <p><img style="vertical-align: middle; display: block;...
<p>Kaliber Group, owner of doors and windows manufacturer, KAT, plus Ayrshire Aluminium and Spitfire Doors, acquired Universal Arches, the leading PVCu profile bending company in the UK, adding a further niche market leader to its group of PVCu and aluminium specialist businesses.</p> <p><img...
<p>Heineken, the leading Dutch brewing company has introduced new designs for its limited-edition aluminium bottles and specified three additional locations in USA to roll out the same.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
