Market Selection

Production at Zhongwang Plant in Tianjin Expected by End of 2016

Production at Zhongwang Plant in Tianjin Expected by End of 2016

Extruded aluminum giant China Zhongwang Holdings Ltd said last week that it expected the first production line at its Tianjin plant to come online by the end of the year. The firm anticipates that the new production line will help it tap...

Events

Metro Mining Ltd Shareholders Approve Bauxite Hills Financing

Australia’s Metro Mining Limited announced on Tuesday that it has obtained shareholder approval to issue shares to Greenstone Metro Holdings LP. The move is part of Metro’s strategic funding arrangement, allowing it to go forward on its Bauxite Hills project in Queensland. The US$6.7 million in shares issued to Greenstone makes the firm Metro’s largest […]

Liu Zhongtian – A Magnet for Controversy

The Chinese aluminium magnate Liu Zhongtian has been busy over the past several months. His latest move, namely his firm’s purchase of US firm Aleris, came as a shock to many in the market for a variety of reasons. Zhongwang USA LLC, an investment company owned by China Zhongwang’s parent company Zhongwang International Group Ltd, […]

Indo-Japanese Joint Venture to Build Aluminium Paste Plant in Central India

Japanese aluminium paste manufacturer Toyo Aluminium K.K. (“Toyal”) has entered into a joint venture with India’s MMP Industries Ltd. to build a new manufacturing plant in central India. The joint venture, named Toyal MMP India Pvt Ltd, will oversee the construction of an aluminium paste plant in Butibori, an industrial suburb of Nagpur, the the […]

Fitch Drops Hongqiao’s Outlook to Negative, Reaffirms its BB Rating

Fitch Ratings Inc. announced today that it has downgraded its Outlook on China Hongqiao Group’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) from Stable to Negative. According to the accompanying press release, the decision was made due to the firm’s “persistent high debt-funded capex, which has resulted high negative free cash flow (FCF) and […]

Novelis Promises Appeal of NLRB Order to Recognize USW at New York Plant

One business day after the National Labor Relations Board ruled against them, Novelis Inc. promised it would appeal a ruling upholding a lower court’s demand that it recognize United Steelworkers as the bargaining agent for laborers at its plant in upstate New York. The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and […]