AMAG Austria Metall AG signed an agreement with Marubeni Corporation and Marubeni-Itochu Steel Inc. for the commercialization of AMAG’s automotive aluminum rolled products in Japan. The agreement enables the companies to bundle their strengths together in order to bring a number advantages for customers in the Japanese automobile industry concerning quality and delivery performance. In addition, this agreement intends […]
Novelis Inc. developed a new aluminum sheet battery enclosure solution to address customers’ needs in the battery electric vehicle market — which is expected to more than triple globally by 2025. The battery enclosure was built as part of the Novelis Alumineering® solution portfolio, a collection of design solutions for the automotive industry. “This is […]
Braidy Atlas plans to cooperate with the BMW Group on sustainability and technical qualification for the future supply of 5000 and 6000 series automotive aluminum sheet. The milestone plan includes a comprehensive closed-loop recycling strategy that would leverage Braidy Atlas’ logistically optimal location in Ashland, Kentucky, which will be in close proximity to BMW´s car production […]
Braidy Industries, Inc. and En+ Group plc, signed an LOI for a $200 million investment from UC Rusal for Braidy’s planned Atlas aluminum rolling mill in Ashland, Kentucky. In exchange for its investment, Rusal will obtain a 40% share in the project and will serve as Braidy’s exclusive supplier of low-carbon aluminum. This partnership enables Braidy […]
Arconic Inc. is investing approximately $100 million to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminum sheet products in its Tennessee Operations facility near Knoxville, Tennessee. The company already has customer commitments for the majority of the increased capacity, with the remainder to be filled by projected […]
During its fourth quarter and full year 2018 results presentation, Arconic Inc. announced plans to restructure its business into two separate businesses. “As part of [the company’s] strategy and portfolio review, we have determined to separate the portfolio into Engineered Products & Forgings and Global Rolled Products,” said John C. Plant, who was recently named chief […]
Jupiter Aluminum Corporation, a U.S. aluminum rolling mill operator, acquired Spain-based flat rolled aluminum producer Grupo Valenciana de Aluminio Baux, including its subsidiaries Bancolor Baux SLU and Compañía Valenciana de Aluminio Baux SLU. Terms of the deal were not disclosed. Founded in 1992 and based in Hammond, Indiana, Jupiter Aluminum, recycles aluminum scrap and rolls […]
The U.S. International Trade Commission (USITC) reached a unanimous determination that U.S. producers have been materially injured by unfairly-traded imports of common alloy aluminum sheet from the People’s Republic of China. As a result, the U.S. Department of Commerce (DOC) will issue unfair trade orders on imports of common alloy aluminum sheet from China in […]
