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...
Arconic
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 last week alleging a conspiracy among them to inflate prices and overcharge customers for their services over the course of several years...
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...
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...
Events
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 […]
Sources Say Arconic In Sales Talks With Private Equity Firms
According to individuals professing a knowledge of the matter, value-added aluminium firm Arconic Inc. is conducting negotiations on offers for the sale of the entirety of the company. Per unnamed individuals who spoke with Reuters late last week, several private equity firms have confidentially expressed a serious interest in the company, including Blackstone Group LP […]
Arconic’s Q2 Results Positive In All Segments, Besting Estimates
Pittsburgh value-added aluminium firm Arconic Inc. reported results for the second quarter yesterday. The firm’s results beat estimates across all three segments in the quarter. In the second quarter, Arconic reported a revenue of US$3.6 billion, a 10-percent improvement over last year’s second quarter. Net income fell to US$120 million, down from last year’s second-quarter […]
Arconic Lands Long-Term Aluminium Sheet Supply Contract With Boeing
Value-added aluminium firm Arconic announced Monday a new, long-term contract with The Boeing Company to supply the aerospace firm with aluminium sheet and plate for the entirety of its offerings from Boeing Commercial Airplanes. This latest contract is the biggest to date, and it builds upon a deal signed by Arconic’s predecessor-in-interest with Boeing four […]
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 businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
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 ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
