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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DI Dongil has expanded its business scope to include manufacturing, processing, and selling aluminium products, laying the groundwork for an absorption merger with its subsidiary, Dongil Aluminum. This merger, sought by minority shareholders, aligns with DI's strategic direction in the aluminium...
From a single plant in Siberia to a global aluminium powerhouse, RUSAL's 25-year journey is a story of bold vision, technological excellence, and enduring commitment to sustainable development. In 1994, amid the deep crisis in Russia's industrial sector, a transformation quietly began at the...
Sundaram-Clayton Ltd (formerly Sundaram-Clayton DCD Ltd) has announced the sale of its aluminium die-casting business at the Hosur plant to Gurgaon-based Sandhar Ascast Private Ltd. The procedure was followed by a Business Transfer Agreement valued at INR 163 crore. The company stated that this...
Quaker Houghton, a global leader in industrial process fluids made an announcement of a strategic acquisition on March 25, 2025. The company has entered into a purchase agreement for acquiring a leading supplier of plating solutions and surface treatment, Dipsol Chemicals Co., Ltd. Subject to...
Ball Corporation, a global leader in sustainable aluminium packaging solutions, has recently announced the formation of a strategic joint venture aimed at advancing the growth of the aluminium cup category. Image source: Ball Corporation The joint venture, named Oasis Venture Holdings, LLC, is a...
EPIQ Machinery, a leader in integrated material handling solutions for the metals & mining, and pulp and paper industries, is proud to announce the strategic acquisition of a 50 per cent stake in FAFECO GROUP, one of India's most respected crane and overhead crane manufacturers. By this...
The Ghana Bauxite Company Limited (GBC) has dismissed recent reports suggesting irregularities in its acquisition by Ofori-Poku Company Limited (OPCL), describing them as misleading and inaccurate. Image credit: GBC In an official statement released on March 17, GBC reaffirmed its commitment to...
On March 13, 2025, Radius Recycling, Inc. announced that it had entered into a definitive merger agreement with Toyota Tsusho America, Inc. (TAI), the US subsidiary of Toyota Tsusho Corporation. Under the terms of the agreement, TAI will acquire all outstanding shares of Radius for $30.00 per share...
On March 14, 2025, the Russian aluminium giant stated that it had agreed to acquire a 26 per cent stake in an Indian alumina refinery owner for $243.75 million, with the option to gradually increase its holding to 50 per cent, as reported by Reuters. Image credit: Gulf Times This strategic move...
Aluminium Bahrain B.S.C. (Alba), the world’s largest smelter on one site, announces that Saudi Arabian Mining Company (Ma’aden) as its new strategic shareholder following the acquisition of SABIC’s 20.62% stake in Alba. The c.US$1 billion transaction marks a transformative moment for Alba and...
Sundaram-Clayton Ltd (SCL), a leading automotive components manufacturer, announced that its Board of Directors has approved the sale of its aluminium die-casting businesses at the Hosur plant to third-party buyers. The decision was made during a board meeting on Wednesday, February 19. Image...
Trulite, a leading provider of architectural glass and aluminium solutions, has announced the acquisition of Insulite Glass headquartered in Olathe, KS with an additional facility in Pacific, MO. Insulite is a well-respected player in the glass fabrication industry. This transaction, effective...
Here's an update about the share purchase and subscription agreement signed between Alcoa and Ma'aden on September 15, 2024. On February 4, 2025, the General Authority of Competition (GAC) approved Ma'aden to acquire Alcoa's 25.1 per cent ownership in Ma'aden Aluminium Company (MAC) and Ma'aden...
Monomoy Capital Partners, a private investment firm specialising in private equity and credit investments in the middle market, is excited to announce the sale of Astro Shapes, LLC, a top manufacturer of custom aluminium extrusions, to Wynnchurch Capital. "The success Astro Shapes has experienced...
Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that, at the special meeting of its shareholders held earlier today, its shareholders voted to approve The Boeing Company's proposed acquisition of Spirit AeroSystems. The transaction, announced last summer, is expected to close in...
On Monday, January 13, Aluminium Bahrain B.S.C. (Alba) updated that its strategic merger discussion with Saudi Arabian Mining Company (Ma'aden) is no longer in action after being decided mutually. Ma'aden also said the same in its filing to Tadawul, adding that it would keep looking for growth...
On Monday, January 13, Norsk Hydro announced it would purchase the remaining shares in Hydrovolt from the Swedish battery developer and recycler Northvolt AB for NOK 78 million. Following the acquisition, Hydro will gain full ownership in Hydrovolt, a battery-recycling joint venture between Hydro...
GLE Scrap Metal Inc., a leading processor and trader of ferrous and nonferrous scrap, has acquired an interest in Mallin Cos. Inc., a Kansas City, Missouri-based scrap recycler. Mallin Cos. a fourth-generation family enterprise with 96 years of operation, runs two aluminium wire recycling lines in...
