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 […]
Constellium N.V. entered into a binding purchase agreement with UACJ Corporation and its U.S. subsidiary, Tri-Arrows Aluminum Holding Inc., to acquire Tri-Arrows’ 49% stake in Constellium-UACJ ABS, LLC in Bowling Green, Kentucky, for $100 million plus the assumption of 49% of approximately $80 million of third party debt at Constellium-UACJ. “This investment will give Constellium […]
The automotive industry relies on the stamping process for rapid production of deep drawn sheet components for its mass-market vehicles. However, as automakers develop increasingly advanced components, aluminum sheet is challenged compared to steel due to its lower formability. The superplastic forming process is a potential solution as it provides the ability to produce deep […]
