Market Selection

Alro Acquires Vimetco Trading For Undisclosed Sum

Alro Acquires Vimetco Trading For Undisclosed Sum

Late last month Romanian aluminium company Alro SA (Alro Slatina) announced the acquisition of Vimetco PLC’s subsidiary Vimetco Trading SRL for an undisclosed sum. According to the relevant announcement, Alro paid “the assessed market value” for Vimetco Trading to Vimetco Management Romania....

Events

Uniprom To Shutter Production At Aluminium Plant Podgorica By Day’s End

The owner of the Aluminium Plant Podgorica (Kombinat Aluminijuma Podgorica a/k/a KAP) will be shuttering the plant by the end of the day today according to local media. Uniprom made the announcement on Sunday, when the plant had already been well underway in the shutdown process. Nebojsa Dozic, the General Manager of KAP elaborated on […]

Rusal Pays ₽61.5 MM In Indebtedness Ahead Of Schedule In December

Russian aluminium giant UC Rusal announced this week that it has paid off ₽61.5 billion (US$837 million) in loans to Sberbank ahead of the scheduled repayment date in the month of December. Rusal agreed to the loan in 2010, which is backed by PJSC MMC Norilsk Nickel. The loan was extended last year and features […]

Indian Conglomerate Adani Group Plans Alumina Refinery And Aluminium Smelter

India’s Adani Group announced last week its intention to enter the aluminium sector with the building of an alumina refinery and an aluminium smelter in its home state of Gujarat. Adani subsidiary Adani Enterprises announced on Saturday the birth of another subsidiary to handle its foray into aluminium. Mundra Aluminium Limited was incorporated by the […]

Indonesia’s PT Adaro Plans US$728 MM Aluminium Smelter For North Kalimantan

Indonesian coal company PT Adaro Energy announced last week its plans for a US$728 million aluminium smelting plant on the island of Borneo. The firm said in a statement that subsidiary PT Adaro Aluminium Indonesia signed a letter of intent on the project, which it has agreed to build in the Green Industrial Park Indonesia […]