extruded aluminium products

Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

Romanian aluminium producer ALRO S.A.’s downstream subsidiary Vimetco Extrusion said Tuesday that it will soon begin a €10 million program to increase high- and very-high value-added aluminium products by installing new machinery produced by Italy’s Presezzi Extrusion spa. The investment in question...

Events

Norsk Hydro Agrees To Sell Romanian Extrusion Plant To Austrian Firm For Undisclosed Sum

Norwegian aluminium producer Norsk Hydro ASA yesterday announced the signing of an agreement with Austrian firm Hammerer Aluminium Industries (HAI) to sell Romanian extrusion plant Hydro Extrusion SRL. Terms of the transaction were not released, but Hydro indicated that the sale would likely be complete by year’s end. Hydro indicated that the decision to sell […]

Finnish Aluminium Profiles Firm Purso Purchases Dutch Firm Nedal

Finnish aluminium profiles firm Purso Group Oy announced last week the purchase of Dutch competitor Nedal Aluminium B.V. for an undisclosed sum. Purso’s purchase of the Hunter Douglas subsidiary represents its biggest corporate acquisition to date. Purso’s acquisition of Nedal includes a production plant in Utrecht with three extrusion lines dedicated to the production of […]

Sri Lankan Conglomerate To Build Largest Aluminium Extrusion Plant In South Asia

In an effort at capitalizing on the booming demand for such by the country’s construction sector, Sri Lankan multinational conglomerate Hayleys PLC will soon be opening a Rs.2 billion (US$12.5 million) aluminium extrusions plant on the island nation. The plant, which will become South Asia’s largest when opened, will be the result of an upgrad […]

Norsk Hydro Closes On Purchase of Remaining Interest in Sapa from Orkla

Norsk Hydro A.S.A. announced yesterday that it has completed the acquisition of the remaining shares of Sapa AS, making it the full owner of the firm. The two firms agreed upon an enterprise value for the entirety of Sapa’s operations of NOK27 billion (US$3.37 billion). Adjusted for net debt and normalized working capital, Hydro tendered […]

Bump in Shipments and Robust Aluminium Demand Buoy Constellium’s Q1 Numbers

Dutch aluminium extruder Constellium N.V. reported financial results for the first quarter of 2017 yesterday. Increased shipments, solid demand, and cost-saving changes to its pension plan helped the company turn in generally strong numbers in the quarter. The firm shipped 375 thousand metric tons in the quarter, a four-percent increase year-on-year. Revenue totaled €1,328 million, […]