Norsk Hydro ASA entered into an agreement to sell its Hydro Rolling business to KPS Capital Partners for €1.380 billion (approximately US$1.67 billion) on an enterprise value basis. “Hydro launched a strategic review of our Rolling business area in 2019, along with other strategic measures towards profitability and sustainability,” said Hilde Merete Aasheim president and […]
Novelis, Inc. has been supplying the automotive industry for more than 40 years, with its aluminum sheet products being featured in more than 225 different vehicle models, such as the Nissan Rogue, Jaguar I-Pace, and Jeep Wrangler, among others. The company supports the automotive market through the development of closed-loop recycling programs and innovative development […]
ElvalHalcor S.A., part of Viohalco S.A., commissioned its new four-stand tandem hot rolling mill in Oinofyta, Greece. The completion of the hot mill is the first phase of the company’s five-year plan to more than double its flat rolled aluminum products capacity. During the commissioning, the hot mill supplied by SMS group successfully rolled aluminum […]
Constellium and Novelis are launching Alumobility, a non-profit organization focused on providing innovative implementation-ready solutions to advance the adoption of aluminum automotive body sheet. Through collaborative technical projects and thought leadership, as well as working in partnership with global automotive manufacturers, Alumobility will help further develop smarter, lighter, safer, and more sustainable vehicles. “Alumobility is […]
Kaiser Aluminum Corporation entered into a definitive agreement to purchase Alcoa Warrick LLC from Alcoa Corporation for $670 million. This acquisition includes all of the Warrick rolling assets, comprising the casthouse, hot mill, cold mills, and coating and slitting lines. Located near Evansville, Indiana, Warrick produces about 310,000 tonnes of rolled aluminum per year, with a strong […]
ALVANCE Aluminium Group, part of GFG Alliance, completed its purchase of the Duffel aluminum rolling mill and recycling operations near Antwerp in Belgium. The company acquired the site from Novelis for €310 million. The mill will be renamed ALVANCE Aluminium Duffel. “I would like to welcome the Duffel team to the family of GFG Alliance […]
The Aluminum Association’s Foil Trade Enforcement Working Group filed antidumping and countervailing duty petitions charging that unfairly traded imports of aluminum foil from five countries — Armenia, Brazil, Oman, Russia, and Turkey — are causing material injury to the domestic industry. In early 2018, the U.S. Department of Commerce published antidumping and countervailing duty orders on […]
AMAG Austria Metall AG is acquiring a 70% share of Aircraft Philipp Gruppe (ACP). Headquartered in Übersee/Chiemsee, Germany, ACP manufactures assembly-ready metal parts for the aviation and aerospace industry. “We are pleased to be integrating such a first-class company as ACP into the AMAG Group,” said Gerald Mayer, CEO of AMAG Austria Metall AG. “AMAG […]
