Apollo Funds Completes US$5.2-Billion Buyout of 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 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 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 […]