Aleris Corporation

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

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...

Events

Aleris’ Revenue Jumps 16.6 Percent In Second Quarter

Cleveland rolled aluminium firm Aleris International, Inc. released second-quarter results yesterday. Though better margins and product mix improved earnings, a debt refinancing helped push the bottom line further into the red. In 2018’s second quarter, Aleris shipped 235 thousand metric tons of finished product, a rise year-on-year from last year’s second-quarter total shipment of 219 […]

Novelis Buys Aleris For US$2.6 Billion

In a move that will change the global rolled-aluminium landscape, rolled and recycled aluminium firm Novelis Inc. today agreed to the purchase of Atlanta’s rolled-aluminium firm Aleris for US$2.6 billion plus debt. The merger, which will create a firm with pro-forma revenues of around US$15 billion, is expected to be concluded in 9 to 15 […]

Aleris Lands New Multi-Year Aluminium Deal with Boeing

Cleveland rolled aluminium firm Aleris International, Inc. revealed yesterday that it has come to a multi-year agreement with The Boeing Company to supply the aerospace firm with aluminium plate and sheet for a variety of its aircraft models. Specifics of the deal, including the term and financial details, were not released. However, Aleris confirmed that […]

Taxes, Expenses, and Losses from Sale of Aluminium Recycling Business Weigh Down Aleris’ Bottom Line

Cleveland rolled aluminium firm Aleris International, Inc. released results for 2017’s final quarter and full year yesterday. The firm’s bottom line in both periods suffered from certain tax items, peak start-up expenses, and write-offs from the sale of the company’s recycling business, among other factors. The firm shipped 184 thousand metric tons of finished product […]

Sources Say Hindalco Offering US$2.5 Billion for Rolled Aluminium Firm Aleris

Hindalco Industries Ltd. has tendered an offer to buy Cleveland rolled aluminium firm Aleris International, Inc. for US$2.5 billion according to unnamed sources who spoke to Bloomberg earlier this week. According to the unnamed sources, the move is part of Kumar Mangalam Birla’s continuing gambit to grow his global industrial footprint. Per the sources, the offer […]