Aleris Corporation

Aleris Turns In Record Numbers For Fourth Quarter And Full Year 2018

Aleris Turns In Record Numbers For Fourth Quarter And Full Year 2018

Cleveland rolled aluminium firm Aleris International, Inc. reported financial and operating results for the fourth quarter and full year of 2018 yesterday. An uptick in demand and a favorable metal environment in North America helped propel most of the firm’s numbers past...

Events

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 […]

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 […]