Aleris Corporation

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

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,...

Events

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 […]

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 Aleris and Zhongwang lasted over a year and were extended several times, national-security […]

Sources Say Aditya Birla Readying Offer for Aleris

According to sources who spoke with domestic media, Aditya Birla Group is preparing to make an offer for Hindalco’s extruded aluminium subsidiary Aleris International, Inc. The sources, who spoke to the media on condition of anonymity, say that the firm is assigning an enterprise value of US$2.5 billion to the Cleveland, Ohio subsidiary. According to […]

Zhongwang Deal Extended to Mid-September: Aleris Spokesperson

Aluminium extrusion giant China Zhongwang continues to have its sights set on Cleveland’s Aleris Corporation according to a spokesperson from the latter. According to an article published Friday, the merger agreement between Aleris and Zhongwang subsidiary Zhongwang USA has been extended to the middle of this month. The agreement, which was first announced at the […]