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
JW Aluminum Company announced that a majority of its shares have been acquired by a group of leading institutional investors, including business development companies managed by Franklin Square Capital Partners and sub-advised by an affiliate of Blackstone’s GSO Capital Partners LP (“GSO”). The...
Ball Corp. offered antitrust commitments to European Union merger watchdogs probing its bid for Rexam Plc in an attempt to allay concerns over the deal to create the world’s biggest maker of food and beverage cans. The European Commission extended its deadline to rule on the deal until January 22,...
Compass Automotive Group, a premier aluminium design and casting company with a manufacturing plant in Fruitport, has been acquired by Shipston Equity Holdings LLC. The transaction was announced earlier this November upon which Compass Automotive Group was renamed Shipston Aluminum Technologies,...
Bahrain' s Mumtalakat Holding Company plans to buy a 49 percent stake in Spanish aluminium products group Aleastur, an executive at the Bahraini sovereign fund said on Monday. "We are taking a minority stake and helping the company to expand into the Gulf," said Joseph Kirikian, head of industries...
Shipston Equity Holdings, LLC, a privately owned company, today announced the acquisition of Compass Automotive Group, LLC, a premier aluminium design and casting company. Effective immediately, Compass will be renamed Shipston Aluminum Technologies, International (SAT). Terms of the transaction...
Ball Corp. announced that it will acquire the minority interest owned by its joint-venture partners in Latapack-Ball that supplies cans and ends to the Brazilian market. Ball Corp. said it will acquire the remaining 39.9 percent minority interest in the Latapack-Ball beverage-can business in...
Rexam has received a statement of objections from the EU Competition Commission regarding the proposed £4.4bn acquisition of the company by Ball Corporation, and it could be instructed to sell its UK operations to rival firms. In July the EU launched a detailed probe into whether the deal could...
Hydro has entered into a binding agreement to sell its aluminium rolling mill in Cisterna di Latina, Italy, to Rolling Mills International GmbH. Hydro's rolling mill in Cisterna di Latina produces aluminium rolled products, mainly standard strip and sheet, as well as plain foil. Through the...
State-Owned Enterprises (BUMN) Minister Rini Soemarno is set to encourage state-owned aluminum maker PT Indonesia Asahan Aluminium (Inalum) and state-owned diversified miner PT Aneka Tambang (Antam) to purchase shares as part of PT Freeport Indonesia's upcoming share divestment. “The ministry is...
Canadian supplier Linamar Corp. has offered 771 million euros ($882 million) in cash to acquire French peer Montupet SA. Montupet, which is working with U.S. investment bank Jefferies, said its board is supporting Linamar's tender offer. The French company supplies valued-added aluminium castings...
Mecfor Inc. announced the acquisition of the intellectual property of the Brochot SA, France. Until recently, Brochot specialized in the design and manufacturing of equipment for various metal industries, in particular primary aluminium smelters worldwide. Following the acquisition process that...
Instacom Group Bhd saw high volumes of trade the past two days following the acquisition of an additional 43.6 per cent stake in Neata Aluminium (Malaysia) Sdn Bhd (Neata) which raised the group’s stake in Neata to 78.6 per cent from 35 per cent. Instacom was the third most active counter on Bursa...
Amid concerns over China's export push, aluminum prices hit a 6-year low of $1,506 per ton on the London Metal Exchange in late August. The commodity will likely have no choice but to remain top-heavy, unless global output declines in aluminum producing nations other than China. Mixed signals...
Danieli, one of the three largest suppliers of equipment and plants to the metal industry in the world, announced that it has acquired FATA, a referenced player in the field of industrial plant engineering and construction. FATA, established in 1936 with headquarters in Pianezza (TO), employs a...
Conselho Administrativo de Defesa Economico or CADE concluded the first stage of its investigation and the General Superintendent issued an opinion that expresses competition concerns regarding unconditional clearance of Ball Corp.'s proposed acquisition of Rexam Plc. While Ball respectfully...
Southwest Securities International Securities Limited (00812) (SWSI) has conditionally agreed to subscribe for the secured convertible bonds issued by XinRen Aluminum Holdings Limited in an aggregate principal amount of US$30 million. The convertible bonds, bearing interest at a rate of 8% per...
Ball has allegedly received a statement of objections (SO) from competition watchdogs over its deal with Rexam, warning it may increase the price of aluminum cans and bottles. Ball agreed to buy Rexam for $6.7bn in February this year, which is one of the biggest takeovers in metal and glass...
GZ Industries, the aluminium can maker from Nigeria and Golden Era Packaging from South Africa have entered into a joint venture to set up a can manufacturing plant in Johannesburg to meet the rising packaging demand in southern Africa. Valued at R1 billion, the newly formed Gayatri GZI Beverage...
