Aleris Corporation

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

Sources Say Expiration of Zhongwang Talks with Aleris Opens Door for Hindalco Bid

According to sources professing knowledge of the situation, last week’s expiration of acquisition talks between Aleris International, Inc. and China Zhongwang Holdings Limited has paved the way for the long-promised purchase pitch from Hindalco for the Cleveland aluminium extruder. Although talks between...

Events

Improved Aluminium Market Raises Aleris’ Q2 Numbers

Cleveland’s rolled aluminium firm Aleris Corporation reported results for the second quarter of 2017 yesterday. Though still reporting a net loss, the numbers were better year on year thanks in part to an overall improvement in the global aluminium market. Aleris shipped 220 thousand metric tons of finished product in the quarter, one thousand metric […]

U.S. Lawmakers Urge Treasury Secretary to Reject Zhongwang’s Purchase of Aleris

Over two dozen United States legislators signed a letter calling upon U.S. Treasury Secretary Steven Mnuchin to disallow the sale of value-added aluminium firm Aleris to the People’s Republic of China’s controversial aluminium titan China Zhongwang Holdings. The letter, which was distributed to Reuters yesterday, cited national security concerns as their grounds for objecting to […]

Aleris Inks Deal with UAE Firm to Market Architectural Aluminium Alloy

Ohio’s Aleris International, Inc. announced a partnership earlier this week with Dubai’s MJ Building Materials TradingDMCC to promote its proprietary architectural aluminium alloy 55HX to construction firms in the region. Aleris’s 55HX alloy is designed to be used in a wide range of architectural applications, including indoor and outdoor spaces. Façades, wall cladding, ceilings, and […]

Investments, Start-Up Costs Led to Brutal Q1 for Aleris

Cleveland’s rolled aluminium firm Aleris Corporation released first-quarter numbers yesterday. Though most figures remained steady compared to last year’s first quarter, start-up costs and losses on investments took its toll on the firm’s net profits in the quarter. The firm shipped 199 thousand metric tons in the quarter, down slightly from last year’s first-quarter total […]