Aleris Corporation

Aluminium Price Lag Tempers Aleris’ Bottom-Line Losses In Third Quarter

Aluminium Price Lag Tempers Aleris’ Bottom-Line Losses In Third Quarter

Cleveland rolled aluminium firm Aleris International, Inc. released results for the third quarter of 2018 yesterday. Numbers were up across the board thanks in large part to a jump in shipments and a favorable metal spread in the quarter. In the just-ended...

Events

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 […]

U.S. Aluminium Execs Take Case Against Chinese Imports to Capitol Hill

A team of executives from several United States aluminium firms testified before the U.S. International Trade Commission (ITC) last week to add their voices to the growing chorus calling for the body to recognize the significant and ongoing injury they say is being inflicted upon them by common alloy aluminum sheet imported from the People’s […]

Merger Agreement Between Zhongwang USA and Aleris Called Off After 15 Months

The fifteen-month-long struggle to merge Aleris Corporation, Inc. and Zhongwang USA, LLC was officially ended yesterday after both parties agreed to terminate the merger agreement and part ways. A statement released yesterday contained few details other than to point out the merger agreement, which was entered into in August of 2016, was allowed to expire […]

Lower Aluminium Production Volume Takes Toll on Aleris’ Third-Quarter Financials

Cleveland rolled aluminium firm Aleris International, Inc. reported third-quarter results yesterday. Results were largely down due to lower production volumes which were, in turn, the result of planned production outages. The firm shipped 199 thousand metric tons in the quarter, down year-on-year from last year’s shipping total of 214 thousand metric tons. The firm chalked […]