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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<p>Future Die Cast and Engineering (FDCA), an aluminium casting and machining company in the privately-held Shelby Township of Michigan, has acquired Clarksville's Smithfield Manufacturing (SMI) and Conner Engineering, along with the local SMI facilities and operations on Kraft Street, said a...
<p>Swedish aluminium company Gränges AB has completed the purchase of Noranda downstream aluminium rolling business in the United States. The company won the court supervised auction to acquire Noranda Aluminum assets in July this year. <br /><br />Gränges CEO Johan Menckel said,...
<p>The government of Bosnia and Herzegovina announced its plans to offer stake in Aluminij d.d. Mostar aluminium smelter, which will be put up for sale by end of 2016, reported Goran Djukanovic on <a title="Aluminium Insider"...
<p>China, the top producer and consumer of base metals, especially aluminium aims to expand aluminium demand by 18 per cent in the next three years. Being one of the top exporters of aluminium, China has been facing a number of allegations regarding unethical export to U.S. and Europe. ...
<p>Metal and Mineral giant Rio Tinto is re-considering sale of its aluminium assets at three of its Australian smelters- Tasmania's Bell Bay, Queensland's Boyne and New South Wales' Tomago and is seeking buyers for the same. The dual-listed miner has engaged an investment bank to handle the entire...
<p>A prominent corporate honcho and MD of Kian Joo Can Factory Bhd and Box-Pax (M) Bhd Yeoh Jin Hoe has initiated the takeover of Aluminum Company of Malaysia Bhd (Alcom) after buying a 59.16% stake of the aluminium rolled products manufacturer. This is an attempt to expand his business interests...
<p>In preparation of Gränges acquisition of Noranda’s downstream aluminium rolling operations in the United States, Patrick Lawlor has been appointed President Americas of Gränges, effective 22 August, 2016. He will replace Daniel Daoust, who will take on the role of Vice President...
<p>The bankruptcy sale of Noranda's Aluminium Foil business to the Swedish rolled aluminium products supplier Granges AB has been approved by St. Louis bankruptcy Judge Barry Schermer on Tuesday. <br /><br />According to the Wall Street Journal, Granges will buy Noranda Aluminium's foil division...
<p>Canada's leading midstream oil and NGL (natural gas liquids) marketing and logistics company- Petrogas Energy Corp. is poised to take over Alcoa Intalco Works’ wharf and pier at Cherry Point, Washington, reported sources close to both the companies. The pending buy-out will include the...
<p>The Government of Jamaica is all set to meet with the officials of the Jiuquan Iron & Steel (JISCO) in September this year. This will be the first meeting since the Chinese firm bought bauxite company Alpart Jamaica from UC RUSAL, last month, at a total price of US$300 million. <br /><br...
<p>Ball Corporation stocks were rising 9.39 per cent to $76.68 on Thursday after the company reported mixed 2016 second-quarter results but provided a positive outlook based on its recent acquisition of Rexam.<br /><br />Ball acquired London-based metal beverage can maker Rexam for $6.1 billion in...
<p>Ball (BLL) delivered a strong performance in the second quarter of FY2016. CEO John Hayes said on Thursday that with this performance the firm has set up a foundation for a "multi-year, value-compounding growth period." One stone in that 'foundation' is the recent buy-out of London-based...
<p>According to the sources close to Sherwin Alumina, the company is contemplating closure of operations at its Gregory plant. The company had filed for Chapter 11 bankruptcy protection earlier this year and had undergone an auction that landed alumina refinery business in the hands of Glencore...
<p>United Company RUSAL has sold its Jamaican alumina facility ALPART refinery to China's Jiuquan Iron and Steel Company (JISCo). The takeover is expected to be completed by November this year. <br /><br />Transport and mining minister, Mike Henry, said an interest purchase agreement negotiated...
<p>A Winston-Salem aluminum can packaging plant has a new owner, Ardagh Metal Beverage USA Inc., as part of a divestiture required for a multi-billion dollar transaction to gain federal regulatory approval.<br /><br />Ardagh, a subsidiary of Ardagh Group SA of Luxembourg, paid $7.63 million for the...
<p>The Boards of Vedanta Limited, Cairn India Limited and Vedanta Resources announced the revised and final terms of the merger between Vedanta Limited and Cairn India as announced on 15 June 2015.</p> <p><img style="vertical-align: middle;"...
<p>The largest aluminium smelter in Australia, Boyne Smelters Limited could be put up for sale again by Rio Tinto, according to analysis by UBS. Plans for selling two other Australian smelters are also said to be there on the cards. The move on the part of Rio Tinto could be aimed at selling off...
<p>Leading primary aluminium producer UC RUSAL has signed of an agreement with Alumina Partners of Jamaica (‘Alpart’) to sell its 100 per cent stake in the latter to the Chinese state industrial group, JIUQUAN IRON & STEEL (GROUP) Co. Ltd (‘JISCO’), as a part of their...
