Constellium divests Chinese joint venture as part of Vision 2028 strategy
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...
Gulf aluminium producers accelerate overseas acquisitions amid geopolitical and supply chain risks
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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Alcoa demerger could jump-start deals with Alumina Ltd, Rio Tinto and South32
Alcoa chief executive Klaus Kleinfeld says his company's plans to demerge its upstream and downstream businesses will give the company "optionality" for dealmaking, with analysts pointing to the potential for multi-billion dollar transactions involving Alumina Ltd, Rio Tinto and South32. The US...
Alcoa to separate into two entities: Upstream Company to focus on five key verticals
Lightweight metals leader Alcoa announced that its Board of Directors has unanimously approved a plan to separate into two independent, publicly-traded companies, culminating Alcoa’s successful multi-year transformation. The separation will launch two industry-leading, Fortune 500 companies. The...
Sapa acquires aluminum casting plant in The Dalles, Oregon
Portland Oregon – Sapa, the world leader in aluminum solutions, announced today it has completed an asset purchase agreement with Northwest Aluminum Specialties, Inc. to acquire its casting plant in The Dalles, Oregon. This facility brings Sapa's North American cast house network to a total of nine...
Ball Corp's Rexam deal faces list of EU antitrust concerns
The European Commission issued a statement of objections expressing concerns over Ball Corp's 4.4 billion-pound ($6.9 billion) purchase of Rexam Plc. This comes months after the regulators said the deal may increase the price of aluminum cans and bottles. Ball is likely to be asked sooner or later...
Metalico completes sale to Total Merchant
US scrap metal operator Metalico, Inc. has completed its acquisition by Total Merchant Ltd. In June this year, Metalico confirmed that it had accepted Total Merchant's all-cash offer of some US$ 102 million subject to the approval of shareholders. It will continue operating under its current...
Vedanta Limited updates on its merger with Cairn India
Vedanta Limited, subsidiary of Vedanta Resources Plc, and Cairn India Limited have received No Objection from BSE Limited and the National Stock Exchange of India Limited vide their Observation letters dated September 10, 2015 in relation to their proposed merger. No Objection letters have been...
MetalX acquires aluminum toll processing firm
MetalX, Waterloo, Indiana, has announced it has completed the acquisition of the assets and business of Metal Shred Industries LLC (MSI), an aluminum scrap toll processor located in Kendallville, Indiana. The MSI name will be retired and the facility will be identified as MetalX effective...
Alicon Castalloy acquires casting business of Atlas Castalloy
Alicon Castalloy, one of the leading manufacturers of aluminium alloy castings, has acquired the castings business of Atlas Castalloy. The acquisition includes transfer of plant and machinery against issue of equity shares to the existing shareholders of Atlas Castalloy. The acquisition has been...
Aleris announces results of asset sale offer to purchase up to $125 million of senior notes
Aleris International, Inc., a wholly owned subsidiary of Aleris Corporation, today announced the results of its asset sale offer to purchase, on a pro rata basis, up to $125 million of its 7?% Senior Notes due 2018 and its 7?% Senior Notes due 2020 at a cash purchase price of 100% of the aggregate...
Chinalco on the way to become world’s biggest aluminum producing company
Following Beijing's initiatives that saw successful transfer of assets between a cash strapped power generation group, the State Power Investment Group (SPIC) and a loss-making alumina and aluminum smelting group Aluminum Corp of China Ltd., the latter is set to become the world’s biggest aluminum...
Dubai's DIC completes sale of alumina supplier Almatis
Dubai International Capital (DIC), the private equity arm of Dubai Holding, has announced that it has completed the sale of Almatis, the supplier of premium alumina for the refractory, ceramic and polishing industries to OYAK, Turkey's largest private pension fund. The completion of this sale...
China aluminum shake-up planned in state reform push
China is trying to push its two biggest aluminum businesses together as part of a planned shake-up of state-owned enterprises (SOEs), industry sources said, a move that would create the world's largest aluminum maker. Power company State Power Investment Corp (SPI) is in talks to hive off its...
Global beverage containers market to grow at a CAGR 2.83% during 2014-2019
A recently conducted market research reveals consolidation in the packaging industry is going to have a substantial impact on the market. Rexam, the premeire can maker, if merges with Ball will craete a gloabl leader in the metal beverage packaging indsurty. A deal to this effect was announced in...
Pro Fin Capital to increase stake in TERA
Pro Fin Capital Services Ltd., the leading financial solutions and services provider has intimated the Bombay Stock Exchange (BSE) that it has decided to acquire 80 per cent of the equity capital of Tera Natural Resources and Pellets Private Limited (TERA) in due course. TERA, the bauxite mining...
Toyota Tsusho America buys Bermco Aluminum
Stout Risius Ross Inc. (SRR), Southfield, Michigan, a leading middle market investment banking firm, has announced that it served as exclusive financial advisor to Berman Bros. Iron & Metal Co. Inc., dba Bermco Aluminum, in its purchase by Toyota Tsusho America Inc. (TAI), with locations throughout...
Outotec acquires Canadian mine tailings solutions provider Kovit Engineering
Outotec has purchased the Canadian technical consulting and engineering company Kovit Engineering Ltd from its founders. Sudbury-based Kovit Engineering specialises in surface and underground mine tailings solutions. The acquisition complements Outotec’s existing dewatering and tailings treatment...
Recycling Aluminium enters into an Equity Transfer Agreement with JX Electronic
Recycling Aluminium, an indirect wholly-owned subsidiary of Mianyang Xinhuan Aluminium, entered into an Equity Transfer Agreement with JX Electronic. Pursuant to the agreement Recycling Aluminium agreed to acquire and JX Electronic agreed to sell 30% equity interest in Xinhuan Aluminium, for a cash...
Instacom rises 4.35% on proposal to buy major stake in aluminium fabrication company
Instacom Group Bhd ( Financial Dashboard)'s share price rises 4.35% this morning following a proposed a bonus issue of up to 657.1 million new shares on the basis of one bonus share for every three shares held to reward its shareholders. The company also announced the proposal to purchase a major...
