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 says to buy 33 pct of Shenzhen North Investments
...United Company RUSAL Ltd (0486.HK: Quote) said on Wednesday that it plans to buy a 33 percent stake in a Chinese aluminium trader to enhance sales and strengthen its market position in China, the world's largest user of the lightweight metal...
Jobs hope as Anglesey Aluminium plant site put on sale
..The Anglesey Aluminium site is being put up for sale, with offers invited in the region of £10m. The re-melting plant on the land at Penrhos, Holyhead, will remain open and will still be run by Anglesey Aluminium Metals Ltd (AAM)...
Sapa forms Joint Venture in South-East Asia
...Oslo, Norway, Nov 23, 2010 (Thomson Reuters ONE via COMTEX) -- Sapa acquires 65% of the shares of the aluminium extrusion company Vijalco and forms a joint venture with the Vietnamese Ben Thanh Group. The new company will be called Sapa BTG...
Rusal says to buy 33 pct Shenzhen North Investment
...United Company Rusal Ltd (0486.HK: Quote) said on Wednesday that it has entered agreement with China North Industries Corp for the purchase of a 33 percent stake in Shenzhen North Investments Corp Ltd, which sells primary aluminium in China and Asia...
United Company RUSAL Plc: Proposed Establishment of Aluminium Production and Marketing Joint Ventures
...The board of directors of United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL) is pleased to announce that the Company will enter into a framework agreement on or about 24 November 2010 with China North Industries Corporation which sets out the basic principles for the acquisition by the Company...
Sri Lanka Hayleys cuts stake in aluminium firm
...Sri Lanka's Hayleys group said it had cut its holdings in a newly acquired alumimium extrusion firm by 35 percent by selling 700,000 shares to a consortium of investors...
Novelis to raise $4 bln to help Hindalco refinance debt-report
...Novelis Inc, a unit of Indian aluminium maker Hindalco Industries Ltd (HALC.BO: Quote), plans to raise $4 billion to refinance the loans borrowed by Hindalco in 2007 for its acquisition of Novelis, the Economic Times said on Wednesday...
Sri Lanka Hayleys acquires Alumex group
...Sri Lanka's Hayleys conglomerate has bought the Alumex group, a big manufacturer of aluminum extrusions, for INR 2.185 billion...
Inalum Negotiations in Mid-November
...PT Indonesia Aluminium (Inalum) share-takeover negotiations will be held this coming mid-November after I return from APEC we will determine the exact schedule,?said Industry Minister, M.S. Hidayat yesterday...
Mr Deripaska reached agreement with Montenegro
...En+ Company owned by Mr Oleg Deripaska will hold 29% of shares of the largest aluminum plant in Montenegro, Kombinat Aluminijuma Podgorica to the local government in exchange for credit guaranties and a number of other concessions...
Japan JS Group takes 49% stake in China aluminum curtain wall maker
...Japan's JS Group has acquired a 49% stake in Shanghai Meite Curtain Wall Systems, a manufacturer of aluminium curtain walls and other building material, the company said Tuesday...
Rio says no decision on BHP deal
...Speculation that Rio Tinto is poised to abandon its West Australian joint venture with BHP Billiton has raised questions about whether the mining giant is in breach of market disclosure rules...
Aluminium Bahrain Hires JPMorgan, Citi for Share Sale
...Aluminium Bahrain BSC, operator of an 850,000 metric-ton smelter, hired JPMorgan Chase & Co. and Citigroup Inc. to manage a potential share sale on local and international exchanges...
Inside the Novelis turnaround
...It was steak for lunch. As the two Indians at the JW Marriott in Atlanta cut into it, they gave the American seated across the table something to chew on. “We would like to buy Novelis.” Debnarayan Bhattacharya, the managing director of Aditya Birla group flagship Hindalco Industries , which was...
Inside the Novelis turnaround
...It was steak for lunch. As the two Indians at the JW Marriott in Atlanta cut into it, they gave the American seated across the table something to chew on. “We would like to buy Novelis.” Debnarayan Bhattacharya, the managing director of Aditya Birla group flagship Hindalco Industries , which was...
Norway approves Vale stake in Norsk Hydro | Reuters
... Hydro expects to finalise its acquisition of Vale's bauxite and alumina unit in the fourth quarter of 2010. (Reporting by Oslo newsroom) ...
Chalco Cuts Stake In Jiaozuo Wanfang Aluminum Manufacturing
...Aluminum Corporation of China (601600, 2600.HK), the biggest shareholder of Jiaozuo Wanfang Aluminum Manufacturing (000612), sold 20.79 million shares or a 4.33 percent stake in the company via the block trading platform on September 28, reports Yicai.com, citing a company filing...
RUSAL signs letter of intent to acquire stake in NORINCO sales subsidiary
...RUSAL recently announced that it has signed the Letter of Intent with China North Industries Corporation (NORINCO). The document emphasises the intent of RUSAL to acquire a stake in a sales and marketing subsidiary of NORINCO, which operates on the People’s Republic of China primary aluminium...
