GFG Alliance

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...

Events

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 […]

Rio Tinto Sells Lochaber Plant to SIMEC Group for US$410 MM

Anglo-Australian mining giant Rio Tinto announced yesterday that it had come to an agreement for the sale of its Lochaber plant to SIMEC Group and Liberty House for US$410 million. According to press releases issued by the companies involved, SIMEC’s sister company Liberty House will be the operator of the smelter. The sale includes hydroelectric […]