Europe

Norsk Hydro Roars Back With Strong Q2 2021 Earnings

Norsk Hydro Roars Back With Strong Q2 2021 Earnings

Norwegian aluminium firm Norsk Hydro ASA released results for the second quarter of 2021 yesterday. Numbers for the quarter generally reflected the improved market for aluminium, with financial markers exceeding both the prior quarter and the prior year. In the year’s second...

Events

CANPACK Joins Aluminium Stewardship Initiative

Trade group Aluminium Stewardship Initiative welcomed Poland’s aluminium can producer CANPACK S.A. into the fold last week as an Industrial User member, becoming ASI’s 178th member organization. The firm is the main entity of CANPACK Group which is in turn a subsidiary of Giorgi Global Holdings Inc. The company was founded in Krakow in 1992, […]

KPS Capital Buys Aluminium Extruders Metra And Profile

KPS Capital Partners, LP announced this week the completion of its acquisition of extruded aluminium firms Metra Holding S.p.A., Metra S.p.A., and Profile Custom Extrusions, LLC. KPS said in a press release that it intends to merge Metra and Profile into a single entity that will operate in both Europe and North America. Metra specializes […]

Alro Receives €167 MM Loan From EXIM Bank To Maintain Operations

Romanian aluminium company Alro SA (Alro Slatina) said on Wednesday that it has received a loan of €167 million from Romania’s EXIM Bank to cover the plant’s ongoing operations. Local media said the firm made the announcement in a filing to the Bucharest Stock Exchange. Alro CEO Gheorghe Dobra said in the announcement that he […]

Rusal To Supply Low-Carbon Aluminium To Aluminium Rheinfelden

Russian aluminium titan UC Rusal announced this week that it will supply its low-carbon aluminium to Germany’s Aluminium Rheinfelden, with shipments beginning as soon as next month. Rusal said in a press release that it will supply Aluminium Rheinfelden its ALLOW low-carbon brand of aluminium. ALLOW emits approximately one third the amount of carbon as […]