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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Rusal to Keep Discussing Norilsk Buyout Offer
...Russian aluminum producer United Co. Rusal PLC's board committee decided to continue considering an offer from mining giant OAO Norilsk Nickel to buy Rusal's 25% stake in the miner, the company said Wednesday...
Steel Guru : Ormet ends pact to buy Kaiser Mead - 181950 - 2010-12-21
... It is reported that Ormet Corp a Hannibal, Ohio based aluminum producer ... Emerging markets help ease aluminum supply and demand concerns ...
Bhoruka Alum - Updates on Scheme of Amalgamation
...Bhoruka Aluminium Ltd has informed BSE that the Hon'ble High Court of Karnataka, Judicature at Bangalore has approved the scheme of Amalgamation of Bhoruka Agro Greens Limited (BAGL) with the Bhoruka Aluminium Limited (the Company) with effect from appointed date i.e. April 01, 2010. The said...
Chalco Purchases Chinalco International Share
...Aluminum Corporation of China(ACH)Chalco evening bulletin: The company subsidiary Chinalco International Trade put its China Aluminum International Engineering shares on the Exchange listing on November 22. The controlling shareholder of Chalco succeeded in delisting on December 20. Transfer...
Rusal may sell Norilsk stake for $12-15 bln-paper
...The world's top aluminium producer UC RUSAL (0486.HK: Quote) will eventually sell a blocking stake in Russia's metal giant Norilsk Nickel (GMKN.MM: Quote) for $12 billion - $15 billion, Rusal's co-owner told Vedomosti daily...
N K Minda Group Joins Hands With Kosei Aluminum of Japan
...N K MINDA Group, the USD 380 mn technology leader in Auto Components Industry, and Kosei Aluminum Co., Ltd., a leading manufacturer of Alloy Wheels in Japan, today announced the formation of a Joint Venture (JV)...
Norsk Hydro says Vale aluminium deal delayed
...Norwegian aluminium producer Norsk Hydro's (NHY.OL: Quote) planned $4.9 billion purchase of Brazilian miner Vale's VALES.SA aluminium assets has been delayed until the first half of 2011...
Hindalco to get $1.7-b dividend from Novelis
...Hindalco Industries, an Aditya Birla Group company, will receive a dividend (return of capital) of $1.7 billion (Rs 7,650 crore) from its Canadian subsidiary Novelis Inc which recently announced plans to raise $4 billion (18,000 crore) through debt. Hindalco acquired Novelis in 2007 for $6...
Rio Tinto may sell some plants
...Rio Tinto is planning to sell some of its Alcan aluminum smelters and bauxite refineries, The Australian newspaper reported Monday...
Rio Tinto may sell some plants
...Rio Tinto is planning to sell some of its Alcan aluminum smelters and bauxite refineries, The Australian newspaper reported Monday...
Hindalco set to get RS7,660 crore from Novelis
...The Aditya Birla Group’s flagship firm is set to receive about $1.7 billion or `7,660 crore from Novelis Inc, the Atlanta-based aluminium cans giant, from the proceeds of a $2.5 billion bond sale...
Ball Corp. to acquire aluminum can, bottle maker
...Packaging company Ball Corp. said Wednesday it has agreed to buy the European aluminum can and bottle maker Aerocan SAS...
Anglo-African Minerals plc: Completes the acquisition of a 62% interest in 1 billion tonne Bauxite resource in Guinea
...Anglo-African Minerals plc Symbol: FSE: AMQ, ISIN: IE00B66ML191 WKN A0N9YH Release Date: 6 December 2010 Anglo-African Minerals Plc completes the acquisition of a 62% interest in 1 billion tonne Bauxite resource in Guinea The Directors of Anglo-African Minerals plc (FSE: AMQ) the special...
EQT Buys 30% Stake In Chinese Aluminum Die Casting Maker
...Swedish private equity fund EQT Greater China II Monday said it has acquired a 30% stake in Chinese aluminum die casting manufacturer Modern Metals & Precision Holdings Ltd. through a new share issue...
Speedy closure of Cairn deal win-win for India: Agarwal
...edanta is hoping that the deal with Cairn will be completed soon. The company’s chief Anil Agarwal has said that the speedy closure of the deal with Cairn is a win-win situation for India...
Rusal eyes stake and JV in China firm
...United Co Rusal, the world's largest aluminum producer, will acquire a 33 percent stake in a trading unit of China North Industries Corp and form a joint venture to expand business in China...
Governor Doyle announces consolidation of U.S. Aluminum, Inc.
...Governor Jim Doyle today announced that U.S. Aluminum, Inc., Wauwatosa, Milwaukee County, will receive $35,000 in tax credits from the Economic Development Tax Credit Program from the Department of Commerce (Commerce) to consolidate its manufacturing and administration facility in Wauwatosa...
Orkla forms aluminum JV in South East Asia
...Orkla ASA aluminum solutions business bought 65% stake in an Asian company and will form JV with the Vietnamese minority owner as part of a plan to expand on the continent...
