China Zhongwang Holdings Ltd. announced plans to spin off its industrial aluminum extrusion business through an asset swap with CRED Holding Co., a Chinese property company that is A-share listed on the Shanghai Stock Exchange. As part of the deal, Zhongwang will sell the total equity interests in Liaoning Zhongwang to CRED Holding Co. for 28.2 billion yuan ($4.3 billion), and […]
The U.S. Department of Commerce (DOC) issued its long-awaited circumvention decision in the Aluminum Extruders Council’s (AEC) petition against China Zhongwang Holdings Ltd. The AEC alleges that the company has systematically and illegally evaded duties on aluminum extrusions imported into the United States. The DOC concluded that “based on the information provided by Petitioner, the Department finds […]
Alcoa announce that its separation into two independent, publicly-traded companies — an Upstream company and a Value-Added company — remains on track for completion in the second half of 2016. Alcoa has now revealed the name of its Value-Added company, Arconic. The Upstream company will continue to operate under the Alcoa name. According to Alcoa, the “Arconic” […]
Hammerer Aluminium Industries (HAI), headquartered in Ranshofen, Austria, is acquiring a 100% participating interest in the South German company, LEAN Extrusions GmbH, a precision profiles manufacturer headquartered in Singen. In 2015, LEAN Extrusions already produced high-gloss aluminium parts for HAI as a 50% joint venture partner. The newly acquired company will operate as HAI Lean Extrusions. “We […]
Bonnell Aluminum, a subsidiary of Tredegar Corporation, announced it will be investing approximately $18 million over the next 12 months to fund an expansion project which will include the purchase of a new state-of-the-art aluminum extrusion line at its AACOA facility in Niles, Michigan. The new line will be comprised of a state-of-the-art 3,600-ton extrusion press, […]
The Aluminum Extruders Council (AEC) released the latest edition of the AEC Buyers’ Guide. The guide is a comprehensive directory of AEC members, featuring such information as company headquarters, plant locations, contact information, maximum press circle size, forms produced, and types of services offered. Also included are listings for AEC Supplier and Producer Members, as […]
The ET Foundation, the educational and research organization devoted to promoting and advancing aluminum extrusion processes and technologies, and Bonnell Aluminum are inviting entries for the 2016 International Aluminum Extrusion Design Competition. The 2016 competition is divided into two classes: Professional and Student. Bonnell Aluminum is the sole sponsor for the cash awards, totaling $20,000, […]
The Aluminum Extruders Council (AEC) filed a petition against China Zhongwang Holdings Ltd., alleging the company has systematically and illegally evaded duties on aluminum extrusions imported into the United States. The alleged scheme involves hundreds of millions of pounds of aluminum extrusions that are simply cut and welded into aluminum slabs. Upon entering the U.S., […]
