Gupta Family Group (GFG) Alliance

Gupta Assures Market That Closures Of Aluminium And Steel Plants Will Not Happen On His Watch

Gupta Assures Market That Closures Of Aluminium And Steel Plants Will Not Happen On His Watch

Despite ever more ominous news coming from one of its biggest financial partners, GFG Alliance head man Sanjeev Gupta promised this week that plant closures would not occur “under [his] watch.” According to financial industry reporting on Thursday, the administrator handling Greensill...

Events

Talks Fall Through Between Alcoa And San Ciprián Labor Union

The formal talks between Alcoa Corporation and the union representing the San Ciprián aluminium smelter labor force over the fate of the plant ended last week lacking an agreement as to the unit’s continued operation. The consultation process ended on September 28, which the parties are mandated by the government to hold prior to a […]

Sale Of Duffel Plant To Alvance Clears Path For Novelis Purchase Of Aleris

Atlanta’s rolled and recycled aluminium firm Novelis Inc. yesterday announced the completion of the sale of its operations in Duffel, Belgium to GFG Alliance’s international aluminium subsidiary Alvance in compliance with conditions placed on it by the EU and China for purchase of Aleris. Novelis received payment of €210 million in cash from GFG Alliance, […]

GFG Optimistic On San Ciprian’s Future, Alcoa Not So Much As Deadline Nears

The GFG Alliance and Alcoa are continuing talks over the fate of their aluminium smelter in San Ciprian, Spain, and an official from GFG remains highly optimistic that a long-term solution for the plant’s viability is within reach. GFG Alliance’s Chief Investment Officer Jay Hambro said in an interview with S & P Global Platts […]