Gränges To Invest US$33 MM To Add Capacity To Huntington Aluminium Rolling Mill
Swedish rolled aluminium firm Gränges AB announced yesterday an investment of US$33 million at its operations in Huntington, Tennessee to...
rolled aluminium
Kaiser Aluminum Closes Purchase Of Warrick Rolling Mill From Alcoa
California semi-fabricated specialty aluminium producer Kaiser Aluminum finalized the purchase of Alcoa Corporation’s Warrick plant earlier this week. Kaiser bought the aluminium rolling mill from Alcoa for US$670 million. Though Kaiser purchased the mill, Alcoa retains ownership of the assets at the...
Norsk Hydro Sells Aluminium Rolling Business To KPS Capital Partners For €1,380 MM
Norwegian aluminium producer Norsk Hydro ASA said yesterday it sold its aluminium rolling business to KPS Capital Partners for €1,380...
JW Aluminum Shutters Williamsport Plant
American flat-rolled aluminium producer JW Aluminum announced the closure of their plant in Williamsport, Pennsylvania by month’s end. The firm...
Events
Gränges Obtains Regulatory Green Light For Purchase Of Aluminium Konin
Swedish rolled aluminium firm Gränges AB announced earlier this week that it has obtained clearance from the EU Commission to proceed with its purchase of Polish flat-rolled aluminium producer Aluminium Konin. Gränges first announced the sale last November, in which it will purchase the Boryszew Group subsidiary for SEK2.3 billion (US$240.8 million). In addition to […]
Gränges Buys Poland’s Aluminium Konin For SEK2.3 Billion
Swedish rolled aluminium firm Gränges AB announced on Thursday that it has come to an agreement to purchase its Polish counterpart Aluminium Konin from the Boryszew Group for SEK2.3 billion (US$240.8 million). Per the firm, the deal is equal to an EV/EBITDA multiple of 6.9x LTM (Last Twelve Months) from September’s EBITDA. In addition to […]
Vedanta Plans Flat-Rolled Aluminium Plant For Eastern India
A top official at Indian aluminium smelter Vedanta told local media this week that his firm plans to enhance its value-added portfolio with the construction of a INR2,500 crore aluminium flat rolled products plant. The Chief Executive Offiecer of Vedanta Aluminium and Power Ajay Kapur said that the move will be part of a larger […]
First Phase Of JW Aluminum’s US$300 MM Expansion At SE South Carolina Plant Nearing Completion
The first phase of a US$300-million expansion at American flat-rolled aluminium producer JW Aluminum’s plant in South Carolina is only months away from completion according to company officers. JW Aluminum CEO Lee McCarter told the Berkeley County Chamber of Commerce late last month that the expansion that began last year is expected to open its […]
Aleris Belgium Aluminium Rolling Mill Wins ASI Certification
Aleris Aluminum Duffel BVBA, one of Europe’s biggest aluminium rolling plants, is now certified against the Aluminium Stewardship Initiative’s (ASI) Performance Standard. The Belgian plant produces a wide variety of products from aluminium and related alloys. The plant, which was founded in 1946, features state-of-the art technology, including a CALP (Continuous Annealing Line with Pre-Treatment) […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
