Fort William

GFG Alliance Reaches Standstill Agreement With Credit Suisse On Australian Assets

GFG Alliance Reaches Standstill Agreement With Credit Suisse On Australian Assets

Gupta Family Group Alliance and Credit Suisse have reached a standstill accord on its Australian plants yesterday that will allow the two parties to come to terms with the collapse of GFG’s financier Greensill Capital. GFG said in a statement that it...

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Events

GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE

GFG Alliance Groups Aluminium Assets Into Paris-Based Firm ALVANCE

Sanjeev Gupta’s GFG Alliance announced on Monday its decision to gather its aluminium assets into one Paris-based firm named ALVANCE Aluminium Group (ALVANCE). The announcement by the privately-held metals conglomerate is following through on an announcement it made last fall that its steel assets would soon be merged in anticipation of a listing on a […]

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GFG Says Plans For Aluminium Wheel Plant in Scottish Highlands Are Still On Track

GFG Says Plans For Aluminium Wheel Plant in Scottish Highlands Are Still On Track

The Gupta Family Group (GFG) Alliance told local media this week that its plans to construct a new plant in the Scottish Highlands dedicated to the production of aluminium alloy wheels is progressing smoothly. Plans announced shortly after GFG acquired the Fort William plant proposed that it produce up to two million aluminium alloy wheels […]

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Rio Tinto Identifies Preferred Bidder for Scottish Smelter

Rio Tinto Identifies Preferred Bidder for Scottish Smelter

Operators of a Rio Tinto smelter in western Scotland confirmed late last week that they were in talks to sell it to a “preferred bidder.” The Lochaber Smelter in Fort William, which is one of the region’s largest employers, is Rio’s last operational smelter in the United Kingdom. It has been in operation for almost […]

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