rolled aluminium

Gränges Announces US$110-Million Expansion at Tennessee Aluminium Rolling Mill

Gränges Announces US$110-Million Expansion at Tennessee Aluminium Rolling Mill

Rolled-aluminium manufacturer Gränges AB announced yesterday an investment of US$110 million in a two-year expansion project at its rolling mill in Huntingdon, Tennessee. According to the firm, the move is an effort at meeting the growing demand for rolled aluminium products including...

Events

Aleris Shows Net Loss in 2016, but Plans on Better Bottom Line in 2017

Cleveland’s rolled aluminium firm Aleris released results for the fourth quarter and full year of 2016 on Friday. The firm turned in a net loss of US$35 million in the fourth quarter, a drop year-on-year from 2015’s fourth-quarter loss of US$13 million. Adjusted EBITDA for the quarter totaled US$43 million, an improvement year-on-year from 2015, […]

Gränges Garners Award for Investor Relations

Sweden’s Gränges AB announced yesterday that it was declared the best Mid Cap Company in Stockholm independent analysis and consultancy company Regi’s annual ranking of publically-traded firms’ investor relation activities. According to the press release, among the twenty criteria used by Regi to make the determination included annual reports, websites, personal relationships, and trust held […]

UACJ to Invest US$488 MM in US, Thailand to Boost Rolled Aluminum Capacity

Japan’s aluminium firm UACJ announced this week that it is planning to spend US$488 million in the United States and the Kingdom of Thailand in order to boost its overseas rolled aluminium capacity by forty percent. According to the company’s projections, the capex project in question will boost overseas capacity to 700,000 metric tons, which […]

Novelis to Raise up to US$1.1 bln via Bond Issue

Rolled and recycled aluminium firm Novelis Inc. announced a bond issue yesterday intended to raise up to US$1.15 billion for refinancing debt. Novelis initially intended to use the funds to repurchase US$500 million of US$1.1 billion worth of notes due next year, but subsequently amended the offering to include the entirety of the outstanding notes. […]

Novelis Turns In Strong Numbers for Q1

Atlanta’s rolled and recycled aluminium firm Novelis reported results for the first quarter of its 2017 financial year yesterday. The firm turned in a net income of US$24 million in the quarter, a vast improvement over the US$60 million loss it reported in the first quarter of the previous financial year. Excluding tax-effected special items, […]