Europe

Gränges Purchases Utilities Infrastructure At Finspång From Jernbro For SEK93 Million

Gränges Purchases Utilities Infrastructure At Finspång From Jernbro For SEK93 Million

Swedish rolled aluminium firm Gränges AB announced on Friday the acquisition of the entirety of the utilities infrastructure at its plant in Finspång from industrial services provider Jernbro for SEK93 million (US$9.65 million). Per the firm, the buy-out of Finspång’s utilities infrastructure...

Events

Research and Investment Hail Changing Tides for Montenegro’s KAP

On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium billets production plant with a planned capacity of 70,000 tonnes per year. Uniprom promised production to start by end of 2019. The company also plans to open in the coming months an €11 million plant […]

Final Month Of U.S. Sanctions Weigh Down Rusal’s Q1 Results

Russian Federation aluminium giant U.C. Rusal reported first-quarter financial and production results yesterday. Though production and sales remained relatively steady in the quarter, financial numbers struggled due to a drop in prices at the LME and the tail end of sanctions placed upon it by the United States government. In the first quarter Rusal smelted […]

Constellium Posts 11 Percent Jump In First-Quarter Revenues

Amsterdam rolled and extruded aluminium leader Constellium N.V. announced results for the first quarter on Wednesday, showing improvements on both the production and financial fronts during the year’s opening quarter. In the first quarter Constellium shipped 413 thousand metric tons of product, up by 6 percent on the year. Packaging and Automotive Rolled Product led […]