Europe

Gränges Boosts Financial Flexibility With New Credit Facility Agreements

Gränges Boosts Financial Flexibility With New Credit Facility Agreements

Swedish rolled aluminium firm Gränges AB said yesterday that it has refinanced a 2016 credit agreement it negotiated for the purchase of American subsidiary Gränges Americas Inc. Gränges indicates that the new credit facility is a revolving facility of SEK2,000 million and...

Events

Hydro Aluminium Rolled Products Earns ASI’s Performance Standard Certification

Norwegian aluminium firm Norsk Hydro ASA subsidiary Hydro Aluminium Rolled Products GmbH has become the most recent firm to be certified against the Aluminium Stewardship Initiative (ASI)’s Performance Standard for environmental, social, and governance performance. The ASI made the announcement on its website yesterday, noting the firm is the 20th recipient of the organization’s certification […]

Uniprom Announces €26 Million In Upgrades To Kombinat Aluminijuma Podgorica

A substantial renovation at Kombinat Aluminijuma Podgorica (KAP) may be in the near future, as the plant’s owner announced a €26-million project to overhaul and upgrade the site’s refining equipment. Industry media reported on Tuesday that Uniprom plans to install an €11-million silumin production unit on site, featuring a production capacity of 30 thousand metric […]

EU Regulators Launch Anti-Trust Investigation Into Novelis’ Purchase Of Aleris

Anti-trust regulators in the European Union said yesterday that they had opened an investigation into the proposed US$2.6 billion purchase of Atlanta’s rolled-aluminium firm Aleris by rolled and recycled aluminium firm Novelis Inc. In comments made by Europe’s antitrust chief Margrethe Vestager, the regulators’ intent was to ensure competitiveness in the value-added aluminium market. “Our […]

Icelandic Firm Develops First All-Aluminium Vehicle

An Icelandic firm announced the debut of the country’s first vehicle to be made almost entirely of domestically-produced aluminium earlier this week. Start-up firm Ísar made the big reveal on Wednesday of the eponymous vehicle, of which the first five have already been produced and sold. The firm boasts that the vehicle is substantially lighter […]