Aleris Corporation

Novelis Receives Final Regulatory Approval For Aleris Purchase From Chinese Regulators

Novelis Receives Final Regulatory Approval For Aleris Purchase From Chinese Regulators

Atlanta’s rolled and recycled aluminium firm Novelis Inc. announced on Friday the receipt of approval from China’s State Administration for Market Regulation (SAMR) for its US$2.6 billion buy-out of Aleris Corporation. Per the firm, this is the final approval required for the...

Events

Sources Say European Commission Blessing Of Novelis Purchase Of Aleris Is Imminent

Sources say Atlanta’s rolled and recycled aluminium firm Novelis Inc. is on the verge of obtaining approval from the European Union for its US$2.6 billion offer to purchase Aleris. Reuters said anonymous sources claiming inside knowledge revealed to them on Thursday that the linchpin to antitrust approval came with Novelis’ promise to sell the Aleris […]

Aleris Belgium Aluminium Rolling Mill Wins ASI Certification

Aleris Aluminum Duffel BVBA, one of Europe’s biggest aluminium rolling plants, is now certified against the Aluminium Stewardship Initiative’s (ASI) Performance Standard. The Belgian plant produces a wide variety of products from aluminium and related alloys. The plant, which was founded in 1946, features state-of-the art technology, including a CALP (Continuous Annealing Line with Pre-Treatment) […]

Aleris Reports Record Adjusted EBITDA Of US$108 Million In Q2

Cleveland rolled aluminium firm Aleris International, Inc. reported results for the second quarter and first half of 2019 yesterday, delivering better numbers for both periods on the year thanks to robust aerospace demand and a better mix of value-added products. Aleris reported a net income of US$25 million in the second quarter, reversing a net […]

Aleris Reports Record Adjusted EBITDA Of US$85 Million In Q1

Cleveland rolled aluminium firm Aleris International, Inc. reported results for the first quarter on Wednesday. Though shipments rose over the first three months, the rise was not enough to keep the bottom line out of the red. In the first quarter the firm shipped 221 thousand metric tons of aluminium product, up on the year […]

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 […]