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...
Grow with
AL Circle
South32 'targets first acquisition'
Speculation is mounting that South32, the diversified metals company spun out of global resources group BHP Billiton, could be planning its first acquisition - Rio Tinto's Pacific Aluminium assets. South32 CEO Graham Kerr said ahead of its stand-alone listing in the UK, Australia and SA last month...
Mecfor Inc. acquires Brochot's intellectual property
Mecfor Inc. is pleased to announce 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...
Amtek Auto closed acquisition of Asahi Tec Corporation, Japan
Amtek Auto Limited, through its overseas subsidiary, has entered into a Share Purchase Agreement with Japan based Asahi Tec Corporation to acquire the substantial business interest of Asahi Tec. To this effect, the company would like to update you that the Company has successfully closed the...
Vedanta India to buy up to 5.33% stake in Cairn India
Vedanta India will acquire up to 5.33 percent stake, worth over INR 2,200 crore, in its group concern Cairn India next week. Anil Agarwal-led Vedanta India, which changed the name from Sesa Sterlite last month, is a promoter in Cairn India. It will acquire up to 100 million shares of the company...
Amtek Auto to acquire German components maker Rege Holding
Arvind Dham-led automotive component supplier Amtek Auto Ltd has signed an agreement to acquire Germany-based Rege Holding GmbH (Rege) for an undisclosed amount, according to a stock market disclosure. The deal, which is expected to close by August this year, is routed through its Singapore-based...
Rexam’s JV in Guatemala receives international recognition for operational excellence
The Shingo Institute, part of the Jon M. Huntsman School of Business at Utah State University, has awarded Rexam’s Joint Venture with Envases Universales in Guatemala with the Shingo Prize. “Receipt of the Shingo Prize is a worldwide recognized symbol of an organization's successful establishment...
Rio Tinto puts aluminium assets on block in potential $1bn deal
Rio Tinto is making a fresh attempt to sell unwanted aluminium assets in a potential $1bn deal, the latest sign of global miners’ attempts to restructure in the face of a commodities downturn. The Anglo-Australian company has engaged Credit Suisse to find a buyer for its Pacific Aluminium business,...
Albemarle's arm Chemetall buys aluminium finishing business of Chemal GmbH
Chemetall, a global business unit of the US-based Albemarle Corporation, has acquired the business of Chemal GmbH & Co KG, based in Hamm, Germany. This transaction will enhance Chemetall's integrated portfolio for the aluminium finishing industry. Chemal GmbH & Co KG, founded in 1975, specialises...
Top aluminium producers underline the importance of aluminium scrap utilization
The nonferrous market in Europe may be finding some solid footing, which could be good news for the overall health of most nonferrous metals markets there. One sticking point continues to be China, which continues to send mixed signals on its economy. For aluminium, after a modest price rally, the...
Thor Industries acquires Elkhart-based Postle Aluminum Co.
Thor Industries, a leading manufacturer of Recreational Vehicle (RV) has acquired Elkhart-based Postle Aluminum Co., according to their announcement on Friday, paying $144 million for the company. The company and its subsidiaries are one of the prime customers for Postle Aluminum thanks to the...
Rusal looks to make small acquisitions
The world’s largest aluminum producer, United Co. Rusal, is looking for some small acquisitions as it seeks to diversify and expand its business, the company’s chief executive, Vladislav Soloviev, said Monday. Mr. Soloviev said he’s looking at smaller deals, such as bauxite producers in Indonesia...
Mike Davis of X2 Resources eyes South32 for purchase
BHP spin off company, South32 is weeks away from attaining an official listing and its valuation has already been reduced to almost half the original assessment at the time of conception. For Mike Davis, its current valuation of $7 billion (R84 billion) seems highly attractive as he is eyeing the...
Sincap signs MoU to acquire Orion Energy
Singapore-listed Sincap Group Limited, which trades alumina and thermal coal, and is also involved in property development, has signed a memorandum of understanding to acquire Orion Energy Resources. Orion too is a Singapore-incorporated company and is engaged in mineral trading and logistics...
Deutsche Bank cuts valuation of BHP spin-off
Deutsche Bank has cut the valuation of BHP Billiton’s spin-off company South32 by $US2 billion. Deutsche mining analyst Paul Young says when South32 lists on the ASX it will be valued at $US11.2 billion instead of the expected $US13 billion. This amounts to $2 a share, well below investor...
Hydro completes WMR acquisition
Following approval from the German Federal Cartel Office, Hydro has completed the previously announced acquisition of WMR Recycling GmbH. With effect from April 1, WMR is a fully-owned subsidiary of Hydro, legally named Hydro Aluminium Recycling Deutschland GmbH. Utilizing x-ray transmission and...
BHP flags $US738m demerger costs
BHP Billiton expects to incur one-off costs of around $US738 million on its $US15 billion ($A18.5bn) spin-off of non-core aluminium and manganese assets into South32, but has flagged further reductions to its cost base following the transaction. Investors responded well to the news. By 4.15pm...
Constellium reports full-year and fourth quarter 2014 financial results
Constellium N.V. today reported results for the full year and fourth quarter ended December 31, 2014. These results do not include the acquisition of Wise Metals, which closed on January 5, 2015. • 2014 Shipments of 1.1 million metric tons, up 4% versus prior year • 2014 Revenue of €3.7 billion, up...
Alcoa to acquire RTI International Metals, boosting value-add, multi-material aerospace portfolio
Lightweight, high-performance metals leader Alcoa is announcing another major milestone in its transformation, further building its value-add portfolio for profitable growth. The Company has signed a definitive agreement to acquire RTI International Metals, Inc., a global supplier of titanium and...
