Apollo Buys Arconic For $5.2 Billion
Pittsburgh value-added firm Arconic Corporation announced last week that it has agreed to be acquired by Apollo Global Management, Inc....
Arconic
Apollo Funds Completes US$5.2-Billion Buyout of Arconic
Aluminium value-added firm Arconic Corporation announced earlier this month the closing of its US$5.2 billion acquisition by Apollo Funds and Irenic Capital Management. Under the terms of the sale, Apollo Funds and Irenic acquired all outstanding shares of Arconic stock for $30...
Arconic Receives US$2.2 MM Grant For Wastewater Treatment Facility At Davenport Plant
Pittsburgh value-added aluminium firm Arconic was one of five companies to split an US$8.3 million matching grant from the Iowa...
Arconic Completes Sale Of Russian Aluminium Assets To Russian Titanium Giant
Pittsburgh aluminium value-added firm Arconic announced the completion of the sale of the entirety of its Russian operations to Promishlennie...
Events
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 light of the limits put to it by the Russian government and its […]
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 expand capacity for manufacturing industrial aluminium and aluminium sheet for beverage cans at the site. The increased capacity will add another 200 jobs to the plant, which has been operating at the site for over […]
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 last year’s totals, the firm gained ground on the second quarter’s totals. In the year’s third quarter Arconic’s sales totaled US$1.4 billion, an increase of 19 percent on the quarter but off by 22 percent […]
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 in the previous decade. Alcoa, Alumax Mill Products, Arconic, Eastalco Aluminum, Intalco Aluminum, […]
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 […]
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 ...
