Atlanta’s rolled aluminium firm Novelis announced the completion of its US$150 million expansion of its aluminium rolling and recycling capacity at the Pindamonhangaba, Brazil plant this week. Novelis increased capacity of both its aluminium recycling and rolling operations at the plant by...
California semi-fabricated specialty aluminium producer Kaiser Aluminum’s Warrick rolling mill achieved provisional certification by the Aluminum Stewardship Initiative (ASI) against...
Norwegian aluminium producer Norsk Hydro ASA announced this week the successful closure of its sale of its rolling aluminium business...
California semi-fabricated specialty aluminium producer Kaiser Aluminum finalized the purchase of Alcoa Corporation’s Warrick plant earlier this week. Kaiser bought...
Swedish rolled aluminium firm Gränges AB announced yesterday an investment of US$33 million at its operations in Huntington, Tennessee to keep up with the growing demand in North America for rolled aluminium. Gränges said in a press release that this is the third major investment in new rolling capacity at its North American site, and […]
Norwegian aluminium producer Norsk Hydro ASA said yesterday it sold its aluminium rolling business to KPS Capital Partners for €1,380 million as part of the firm’s effort to shore up profitability and encourage sustainability. Hydro’s rolling business includes seven plants, a research and development center, global sales offices, and approximately 5,000 employees. The majority of […]
American flat-rolled aluminium producer JW Aluminum announced the closure of their plant in Williamsport, Pennsylvania by month’s end. The firm said it was seeking buyers for the plant, but at the moment the plant will shutter its operations. Stan Brant, Jr., Chief Executive Officer of JW Aluminum, elaborated on the decision in a related press […]
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 […]
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 […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
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