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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Outotec acquires Kempe Engineering's aluminium smelter technologies
Outotec, a leader in the global mineral and metal processing technology, is planning to acquire Kempe Engineering’s aluminium smelter technologies along with Middle East and Africa’s service and spare parts business. The Australian-based, privately owned Kempe is a technology provider for aluminium...
Yunnan Aluminium plans to buy stakes in SLACO and develop refinery
Yunnan Aluminium Co. released a statement on Friday, January 9, announcing their plan of acquiring 51% stake in Sino Lao Aluminium Corporation Limited (SLACO) paying $28.05 million, via their new subsidiary Yunnan Aluminium International Company Ltd. (YALICO). Once the deal is secured, YALICO plans...
DIC launches sale of German aluminium group Altai's: sources
Dubai International Capital (DIC) is launching the sale of German alumina products maker Altai's as the fund seeks to reduce its liabilities in the wake of a debt restructuring, two people familiar with the deal said. DIC has mandated Barclays (BARC.L) to explore the options of the possible...
SAPA sells Haticon to Mounting Systems Gmbh
Sapa has sold its HatiCon operations to the German company Mounting Systems GmbH. HatiCon produces, markets and sells aluminium extrusion-based mounting systems for the solar industry. The agreement reached today means that Mounting Systems GmBH, will with immediate effect take over the operations...
Constellium completes acquisition of Wise Metals
Constellium N.V. today announced that it has completed its previously announced acquisition of Wise Metals Intermediate Holdings LLC (“Wise”), a private aluminum sheet producer located in Muscle Shoals, Alabama. With the closing of the acquisition, Constellium now has access to 450,000 metric tons...
Rico Auto Industries divests 50% stake in FCC RICO
Rico Auto Industries has divested its entire 50% stake in FCC RICO, its erstwhile joint venture with FCC Company, Japan, on December 23, 2014, by way of sale of its entire stake to affiliates of FCC Company, Japan which are FCC Group Companies. FCC RICO is now entirely a FCC Group held company....
Goldman Sachs sells aluminum business to Swiss firm
Goldman Sachs Group Inc. on Monday ended its four-year ownership of its metal-warehousing unit, unloading it to an investment firm run by two British brothers. Just last month, Goldman executives were grilled before a U.S. Senate panel about accusations that the warehousing unit, Metro...
Aluminium producer China Hongqiao in 1.9 billion yuan deal to boost capacity
China Hongqiao Group, one of the mainland’s largest aluminium producers, has announced a 1.9 billion yuan acquisition that would expand its production capacity by around 21 per cent and allow it to generate more of its own power. The Shandong province-based and main-board listed firm said it had...
Aleris to sell its extrusions business to Sankyo Tateyama, Inc.
Aleris announced today that it has signed a definitive agreement to sell its aluminum extrusions business to Sankyo Tateyama, Inc., a Japanese building products and extrusions manufacturer. The sale includes four production facilities in Europe and one in China. The facilities specialize in the...
Alcoa to acquire TITAL to expand global growth platform for titanium aerospace components
Transaction Enhances Product Suite in High-Growth Jet Engine Segment • Acquisition grows Alcoa’s portfolio of titanium structural cast parts for world’s bestselling jet engines and airframe structures • Expands product suite to meet growing demand; TITAL’s titanium revenues are expected to increase...
UC RUSAL announces the 100% consolidation of WINDALCO
UC RUSAL, a leading global aluminium producer, announces that it has completed its transaction to obtain the remaining 7% of the property rights of West Indies Alumina Company (WINDALCO). As a result, RUSAL now owns 100% of the complex. The relevant agreement was reached and signed between RUSAL...
Upstate Shredding – Weitsman Recycling expands in central New York
The scrap metal company Upstate Shredding – Weitsman Recycling, headquartered in Owego, New York, has acquired the assets of Murtagh Scrap Handling, a scrap metal recycling company in Rome, New York. The acquisition is expected to be finalized by January 2015, according to Upstate Shredding....
Century aluminum completes acquisition of Mt. Holly, SC Smelter
Century Aluminum Company announced today that its wholly owned subsidiary has completed its transaction with Alcoa to acquire full ownership of the Mt. Holly aluminum smelter. Mt. Holly, located in Berkeley County, South Carolina, employs approximately 600 people and has an annual production...
Alcoa completes sales of two upstream assets
Alcoa today announced that it has completed two previously-announced sales within its Global Primary Products portfolio. The divestitures, one in the United States and the second in Jamaica, are aligned with Alcoa’s strategy to lower its cost base and create a globally competitive business. Alcoa...
Aziana Limited to dispose of asset
Aziana Limited has been granted an ASX trading halt in relation to a proposed asset disposal. The company has bauxite, copper and graphite mineral projects in Madagascar as well as working interests in oil and gas exploration and production leases in the Gulf of Mexico offshore Louisiana. In the...
BHP Billiton sells its Bayside casthouse to Isizinda Aluminium
BHP Billiton, in the process of exiting the aluminium business, has sold of its Bayside casthouse to Isizinda Aluminium ahead of its demerger planned in 2015. Isizinda Aluminium is owned by two bodies in a 60-40 partnership. Bingelela Capitals, which is a KwaZulu-Natal broad-based black economic...
MetroCoal names new CEO post Cape Alumina acquisition
ASX-listed MetroCoal on Monday announced the appointment of Simon Finnis as the new CEO, effective from January 12. Finnis would replace CEO Mike O’Brien, who will continue on as project director. Finnis is currently the CEO of Grand Côte Operations SA, in Senegal, and has been involved in the...
Alcoa acquires Firth Rixson, grows global aerospace portfolio
Lightweight metals leader Alcoa today announced that it has completed the acquisition of Firth Rixson, a global leader in aerospace jet engine components. The Company closed the transaction, which was announced on June 26, 2014, after receiving all of the required global regulatory approvals and...
