Arconic Announces US$100 MM Expansion To Operations At Eastern Tennessee Aluminium Plant
Aluminium value-added firm Arconic plans a US$100 million expansion to its operations in eastern Tennessee. The firm says it will...
Arconic
Arconic To Sell Off Russian Aluminium Operations
Pittsburgh value-added aluminium firm Arconic Corporation said last week it is working towards divesting itself of its interests in its Russian portfolio. According to the firm, the decision is the result of a “thoughtful review” of the avenues available to it in...
Arconic Sees Sales Jump By 19 Percent In Third Quarter
Pittsburgh value-added firm Arconic Corporation released results for the third quarter of 2020 last week. Though numbers were down from...
U.S. Aluminium And Steel Firms Sue Railroads On Allegations Of Price Fixing
An array of United States aluminium and steel producers filed suit against a quartet of the country’s largest railroad firms...
Events
Arconic Announces US$100 Million Expansion At Knoxville Plant
American value-added aluminium firm Arconic Inc. announced yesterday a significant upgrade of the hot-mill facilities at its plant on the outskirts of Knoxville, Tennessee. Per the firm, the US$100-million investment at the plant in the town of Alcoa will update the hot mill equipment on site and add in new downstream equipment intended for use […]
Increased Sales Volumes Help Boost Arconic’s Financials In 2018’s Final Quarter
American value-added aluminium firm Arconic released results for the fourth quarter and full year of 2018 last week, showing improvements across the board thanks in large part to increased sales volumes in both periods. For the year’s final quarter, Arconic posted revenue of US$3.5 billion, a 6-percent improvement on the year. Net income figured at […]
Arconic Mulling Buy-Out Offer From Apollo
Value-added aluminium firm Arconic Inc. may be only days away from a buy-out by private equity firm Apollo Global Management LLC according to unnamed sources who spoke to Bloomberg late last week. Per the sources, who spoke from behind the veil of anonymity, the deal would have Apollo buying Arconic’s stock at US$22 per share, […]
Arconic Beats Wall Street Estimates For Fourth Straight Quarter In 3Q
American value-added aluminium firm Arconic reported results for the third quarter of 2018 yesterday, beating Wall Street estimates for the quarter. Arconic reported a third-quarter revenue of US$3.5 billion, a 9-percent rise on the year. Net income for the quarter totaled US$161 million, up from US$119 million in last year’s penultimate quarter. Net income less […]
Arconic Sells Texarkana Aluminium Rolling Mill To Taiwan Firm For US$300 Million Plus Contingency Cash
American value-added aluminium firm Arconic announced on Monday a deal to sell its rolling mill in Texarkana, Texas to an American subsidiary of the Republic of China’s Ta Chen Stainless Pipe Co., Ltd. (TCI). Per Arconic’s press release, the sale, which is to TCI’s subsidiary Ta Chen International, Inc., will be in consideration of a […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
