Aleris Corporation entered into a definitive agreement to be acquired by Zhongwang USA LLC, an investment company owned by Zhongwang International Group Ltd., parent company of China Zhongwang. Under the agreement, Zhongwang USA will acquire Aleris for $1.11 billion in cash for the equity, plus $1.22 billion in net debt. “We are excited about this transition to strategic […]
European Aluminium issued a statement regarding the deal under consideration by the European Commission for the steel sector in exchange for granting China the coveted Market Economy Status (MES). According to the organization, this approach ignores the enormous Chinese overcapacities in industries like aluminum and creates unfair distortions on the EU market. “The European Commission is […]
By Andrea Svendsen, Managing Editor. Matalco Inc., a member of the Giampaolo Group, reached a milestone with the startup of its third aluminum remelt and billet production facility located in Lordstown, OH, which will be able to produce 350 million lbs annually when it reaches full capacity. The new ~$100 million, 225,000 sq ft casting […]
The ET Foundation invites students studying design, engineering, architecture, or related fields to enter the 2017 International Aluminum Extrusion Design Competition. A total of $8,500 in scholarships will be awarded for First, Second and Third Place, as well as for the Bonnell Aluminum LED Lighting Design Challenge. There is no fee to enter the competition. Submissions will […]
The European Aluminium Foil Association (EAFA) has announced that entries for the 2017 Alufoil Trophy competition are now open and will be accepted until November 18, 2016. The Alufoil Trophy is widely regarded as the most prestigious award in the sector and offers foil rollers, foil converters, foil container manufacturers, packaging designers, brand owners, closure […]
While at the ALUMINUM USA trade show in Detroit, Michigan, in November 2015, Light Metal Age had the opportunity to interview a number of notable members of the aluminum industry. This fourth interview in the series conducted by Ann Marie Fellom, publisher, presents Jon Gillespie, president of Gillespie & Powers (G&P), a well-known industrial engineering company […]
The Environmental Protection Agency (EPA) and the National Highway Transportation Safety Administration (NHTSA) jointly finalized a new rule that requires medium and heavy-duty trucks to improve fuel efficiency up to 25% by 2027 in an effort to cut greenhouse gas (GHG) emissions from the nation’s freight transportation activities. The final standards are expected to lower CO2 […]
Kobelco Aluminum Products & Extrusions Inc. (KPEX), a subsidiary of Kobe Steel, broke ground on its new production facility in Bowling Green, Kentucky (announced in May), officially marking the start of construction. The new facility will manufacture and sell aluminum bumper beam material and car frame material for the automotive industry in the U.S. KPEX represents a […]
