Aleris Aluminum Duffel BVBA

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta...

Events

Sale Of Duffel Plant To Alvance Clears Path For Novelis Purchase Of Aleris

Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced the completion of the sale of its operations in Duffel, Belgium to GFG Alliance’s international aluminium subsidiary Alvance in compliance with conditions placed on it by the EU and China for purchase of Aleris. Novelis received payment of €210 million in cash from GFG Alliance, […]

Aleris Aluminum Duffel Earns Chain Of Custody Certification From ASI

The Aluminium Stewardship Initiative (ASI) announced yesterday the certification of Aleris Alumnum Duffel against its Chain of Custody standard for its aluminium refining and remelting operations and semi-fabrication operations in Belgium. Previously certified against ASI’s Performance Standard one year ago, the plant produces a wide array of aluminium sheet and coil for clients in industries […]

Arbitrator Compels Sale Of Aleris’s Lewisport Plant For DOJ Approval Of Novelis Buy-Out

The arbiter assigned to the dispute between the United States Department of Justice and Atlanta’s rolled and recycled aluminium firm Novelis Inc. determined Aleris must sell its plant in Lewisport, Kentucky to satisfy the department’s antitrust concerns in relation to Novelis’ buy-out. Earlier this week the arbitrator found that aluminium and steel are not of […]

GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE

Sanjeev Gupta’s GFG Alliance announced on Monday its decision to gather its aluminium assets into one Paris-based firm named ALVANCE Aluminium Group (ALVANCE). The announcement by the privately-held metals conglomerate is following through on an announcement it made last fall that its steel assets would soon be merged in anticipation of a listing on a […]