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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Accuride Acquires Aluminum Wheel Maker
Accuride Corp. has acquired Forgitron Technologies, a forged aluminum wheel maker based in Camden, S.C. The deal with owner Kamylon Capital gives Accuride an 80,000-square-foot forged aluminum wheel manufacturing plant, which will be converted to the production of Accuride-branded aluminum truck...
UMEX Purchases International Aluminum Corp. Assets
Universal Molding Extrusion Company (UMEX) based in Downey, Calif., has purchased the assets of International Aluminum Corp., which filed Chapter 7 bankruptcy last month. Glenn Brown, who works in sales for UMEX, told USGNN.com™ it was his understanding that the company had purchased all assets of...
Apollo Global put Alcan International Network up for sale
Apollo Global Management LLC has put Alcan International Network up for sale following its acquisition of Alcan’s engineered products business. A source familiar with the matter said that it’s going to be sold again. The private equity firm is believed to have received about five expressions of...
What Might Aluminum Mean to RIO?
In mid-2007 Rio Tinto RIO bought Canada's Alcan for $38.1 billion in cash, now widely regarded as one of the most ill-timed acquisitions in corporate history. A key plank was that aluminum prices had not run like the other metals and value remained on the table. But the reason aluminum had not run...
Alcan International Network (AIN) up for sale
Apollo Global Management LLC has put Alcan International Network (AIN) up for sale following its acquisition of Alcan’s engineered products business. "It’s going to be sold again," a source familiar with the matter said. The private equity firm is believed to have received about five expressions of...
KEMET Acquires Foil Facility
KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced its acquisition of Cornell Dubilier Foil, LLC ("CDF"), a Tennessee based manufacturer of foils utilized as a core component in the manufacture of...
Backward integration boosts Ess Dee
Ess Dee Aluminium, India’s largest manufacturer of aluminium foil and foil products, is well poised to benefit from its backward integration exercises along with rising demand for packaging products from pharmaceutical and FMCG sectors. Business: Ess Dee Aluminium engages in the manufacturing and...
Nalco wants to foray into steel and ferroalloys
The National Aluminum Company, in its bid to foray into steel and ferro alloys making will soon submit detailed project reports for acquisition of stakes in Idcol Kalinga Iron Works and Idcol Ferro chrome Alloys the two Orissa based units owned by state owned IDCOL. Nalco has evinced interest to be...
International Architectural Group, parent of US Aluminum, files for Chapter 7
International Architectural Group LLC, Monterey Park, Calif., has filed for Chapter 7 bankruptcy. The company, formerly International Aluminum Corp., is parent of United States Aluminum, International Extrusion, and Raco Interior Products, all based in Waxahachie, Texas, and International Window...
BHP Billiton has no plans for Alcoa bid
Reuters reported that BHP Billiton was not planning a bid for US aluminum company Alcoa Inc. Mr Jacques Nasser chairman of BHP said at a business lunch when asked about whether that it's just not what we would do. BHP would consider bidding for Alcoa.
Hunan Aims to Create Domestic Biggest Non-ferrous Smelting Equipments Manufacture Base
Good news between state-owned enterprise and local enterprise again. Today, Beijing Mining and Metallurgy Research Institute and Zhuzhou Torch Industry Furnace Company Ltd signed a strategic reorganization agreement in Zhuzhou. Beijing Mining and Metallurgy Research Institute through increase...
Vedanta Eyeing Purchase of 58.5% in Cairn India
LONDON -- U.K.-listed, India-focused Vedanta Resources PLC aims to purchase a 58.5% stake in Cairn India Ltd. following its recent stake purchases in the Indian gas and oil explorer, Vedanta's chief executive said Thursday. "Under the present situation, having acquired 18.5%" through Vedanta's Sesa...
Vedanta Eyeing Purchase of 58.5% in Cairn India
LONDON -- U.K.-listed, India-focused Vedanta Resources PLC aims to purchase a 58.5% stake in Cairn India Ltd. following its recent stake purchases in the Indian gas and oil explorer, Vedanta's chief executive said Thursday. Under the present situation, having acquired 18.5% through Vedantas Sesa...
Vedanta's track record comes under review, Cairn India falls
NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year....
Vedanta's track record comes under review, Cairn India falls
NEW DELHI: The Prime Minister's Office (PMO) has asked for a review of Vedanta .s track record in the country's mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay the controversial transaction that was announced in August last year....
Barrette Outdoor Living Acquires Aluminum Fencing and Railing Manufacturer
...Barrette Outdoor Living, a division of Barrette, Inc., has acquired Satellite Manufacturing, a manufacturer of high-quality aluminum products including fencing and railing. The acquisition brings together two well-established and reputable companies to better serve their customers. This provides...
Alcoa Shares Rise On Speculation Rio Tinto To Make Bid
...Shares of aluminum producer Alcoa Inc. (AA: News ) rose on Tuesday on speculation that mining giant Rio Tinto (RTNTF.OB,RIO: News ,RIO.L: News ,RTPPF.PK: News , RIO.AX) was planning a takeover bid for the company...
Alcoa Shares Rise On Speculation Rio Tinto To Make Bid
...Shares of aluminum producer Alcoa Inc. (AA: News ) rose on Tuesday on speculation that mining giant Rio Tinto (RTNTF.OB,RIO: News ,RIO.L: News ,RTPPF.PK: News , RIO.AX) was planning a takeover bid for the company...
