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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VR Infraspace Limited, an Indian-based company engaged in the construction and development of residential and commercial properties, has experienced a 5 per cent increase in stocks following its announcement to acquire a 70 per cent stake in Daxon Aluminium Private Limited for only INR 56,000...
This week has seen significant developments in the upstream sector of the aluminium industry, which includes bauxite, alumina, and primary aluminium. To begin with, the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has had its deadline extended to the...
Gamber-Johnson, an award winning manufacturer and designer of robust mounting solutions for electronic equipment used in vehicles, forklifts, and various mobility applications announced its recent acquisition of American Aluminum Accessories. By integrating American Aluminum Accessories into its...
Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates, other than the oil and gas sector, has opted for a green loan to finance its acquisition of United States' business share. In addition to its European acquisition, EGA has expanded its operations to the...
Carlsberg's £3.3 billion acquisition of Britvic, a leading soft drinks manufacturer, has received approval from the UK's competition regulator, marking one of the year's most significant takeovers. Announced in July, the deal aims to merge Carlsberg's extensive beer portfolio with Britvic's soft...
Masdar, the UAE’s clean energy leader, has strengthened its presence in Europe with two significant acquisitions in the Iberian Peninsula, advancing its ambitious growth strategy. The company acquired Saeta Yield from Brookfield Renewable Partners and its institutional partners in a landmark deal...
The deadline for the proposed merger between Aluminium Bahrain (Alba) and subsidiaries of Saudi Arabia’s Ma’aden has been extended to the second quarter of 2025. Originally anticipated to be finalised in Q1 2025, the extension was disclosed in a statement to the Bahrain Bourse on 22 December 2024....
Japanese industry giant Sumitomo Chemical has announced its decision to sell its 2.97 per cent stake in Nippon Amazon Aluminium Co., Ltd. (NAAC) to YKK AP Inc. The sale amount remains undisclosed. This move, coupled with the previously announced sale of shares in two overseas aluminium smelting...
Hertwich Engineering GmbH, a leading global supplier of technologies for aluminium foundries, is being acquired by the management team consisting of Gerold Keune (CEO), Jürgen Doblhofer (COO), Hubert Mayringer (Director Engineering), and Ludwig Manhartseder (Director Electrical & Automation) as...
Pittsburgh-based Alcoa Corporation is a global leader in the bauxite, alumina, and aluminium industry. With a market capitalisation of US$7.807 billion and an enterprise value of US$8.057 billion, the company's operations span the entire aluminium value chain, making it a significant player in the...
Guangyuan Zhongfu Technology Co., LTD, based in Sichuan, China, has earned the ASI Performance Standard V3 (2022) and the Chain of Custody (CoC) Standard V2 (2022) certifications, reflecting its commitment to responsible production practices. The company is known for manufacturing aluminium alloy...
In a strategic move poised to reshape the automotive HVAC segment, Tube Investments of India (TII) has signed a definitive agreement to acquire a 67 per cent equity stake in KCALtech System India (KCAL India), a subsidiary of South Korea-based KCAL Korea. This acquisition signals TII’s intent to...
Ball Corporation, a global leader in sustainable aluminium packaging for beverages, personal care, and home products, is strengthening its portfolio in extruded aluminium packaging by acquiring Alucan, a prominent European producer of extruded aluminium aerosol and bottle technology, on October...
In late October, before declaring third-quarter financial results, Ball Corporation completed the acquisition of a European aluminium packaging firm, Alucan Entec SA, which is believed to have boosted earnings per share on a year-on-year basis. Image Source: Ball Corporation The acquisition, worth...
Rio Tinto's previously announced acquisition of Sumitomo Chemical Company's (SCC's) 20.64 per cent interest in New Zealand Aluminium Smelters (NZAS) was completed on November 1, 2024. NZAS owns and operates the Tiwai Point aluminium smelter in New Zealand. Following the completion of the...
On October 28, Nampak Limited, Africa’s leading packaging company, announced its selling plan of a 51.43 per cent stake in Nampak Zimbabwe to TSL Limited for $25 million. This move aligns with Nampak’s strategy to divest certain assets to reduce debt and mitigate economic challenges. Image Source:...
Shinagawa Refractories Co., Ltd on October 25, 2024, announces that it has purchased all the issued share capital of Gouda Refractories Group B.V., a Netherlands-based leading manufacturer of (high-) alumina refractories and provider of refractory services, from Andus Group B.V.. The acquisition...
On October 25, 2024, Gränges announced the completion of a strategic acquisition in China, marking a milestone in its expansion and strengthening its footprint in Asia’s burgeoning electrification market. Agreed initially upon in May 2024 with Shandong Innovation Group (SIG), this acquisition...
