Europe

Aluminij Mostar Management Lays Off Entire Labor Force

Aluminij Mostar Management Lays Off Entire Labor Force

Only days after they announced their pending resignation, Aluminij d.d. Mostar’s management said the entirety of the plant’s remaining workforce will be laid off. On Tuesday domestic media reported upon the move, which will soon leave 362 workers jobless. Management went on...

Constellium’s Singen Aluminium Casting And Rolling Plant Achieves ASI Chain of Custody Certification

The Aluminium Stewardship Initiative (ASI) and Amsterdam rolled and extruded aluminium leader Constellium N.V. announced yesterday the certification of the latter’s casting and rolling plant in Singen, Germany to the former’s Chain of Custody standard. As one of Constellium’s largest sites, the Singen plant features a high-grade cold mill and an integrated hot/cold rolling line, […]

GFG Alliance Inks Deal To Buy Duffel Aluminium From Novelis

Sanjeev Gupta’s GFG Alliance said yesterday it has agreed to buy Novelis’s Duffel BVBA aluminium plant in Belgium for an undisclosed sum. Yesterday’s purchase of the Belgian mill is the latest in a series of aluminium and steel purchases by GFG in recent months and years. The firm purchased Europe’s biggest aluminium smelter in Dunkirk, […]

Gränges Buys Poland’s Aluminium Konin For SEK2.3 Billion

Swedish rolled aluminium firm Gränges AB announced on Thursday that it has come to an agreement to purchase its Polish counterpart Aluminium Konin from the Boryszew Group for SEK2.3 billion (US$240.8 million). Per the firm, the deal is equal to an EV/EBITDA multiple of 6.9x LTM (Last Twelve Months) from September’s EBITDA. In addition to […]

EGA To Increase Premium Aluminium Sales To BMW

Emirates Global Aluminium PJSC (EGA) announced earlier this week its plans to substantially increase its supply to German automaker BMW for use in engine production. According to the firm, the agreement to supply premium aluminium to BMW, which began in 2013, has been extended through 2022 and will require a significant increase in supply. Neither […]

ASI Certifies Quartet Of Amcor Plants In Germany, France, And Switzerland

The Aluminium Stewardship Initiative (ASI) on Wednesday revealed certifications for Swiss packaging firm Amcor plc’s operations in Teningen Tscheulin-Rothal, Germany, Sarrebourg and De Froges, France, and Rorschach, Switzerland. Per the ASI, the trio of sites in Germany and France are now certified against the ASI’s Performance Standard for responsible production, sourcing and stewardship of aluminium […]