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 […]
The U.S. Department of Commerce (DOC) announced its final determinations in the antidumping duty (AD) and countervailing duty (CVD) trade cases regarding common alloy aluminum sheet. The DOC has determined that imports of common alloy aluminum sheet from China are being sold at less than fair value (or “dumped”) in the U.S. and that aluminum sheet […]
JW Aluminum is investing $8.5 million to install a new tension leveling and slitting line at its Goose Creek, South Carolina, facility. The new coil processing equipment is designed to maximize output and increase efficiency, as well as ensuring optimum material flatness. The 84 inch wide line will be custom built by Red Bud Industries and […]
Impression Technologies Ltd. signed a letter of intent (LOI) with Scandium International Mining Corp. to test scandium-containing alloys in proprietary aluminum sheet forming applications. Impression Technologies is a privately held technology company, developing and licensing its advanced aluminum forming technology, Hot Form Quench (HFQ®), to the worldwide automotive, aerospace, rail, and electronics industries. The LOI […]
Posted in:
Novelis Inc., the world leader in aluminum rolling and recycling, today announced it signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in 9-15 […]
Gränges plans to restart production at its Newport, Arkansas facility, following US$26 million in investments to upgrade existing foil rolling mills and equipment. The facility focuses on light gauge aluminum foil for various consumer applications. The short term capacity in Newport will be 20,000 tonnes annually, which the company expects to increase over the coming years. “This is […]
JW Aluminum began the expansion of its Mount Holly flat rolled aluminum plant in Goose Creek, South Carolina, which will enable the company to increase capacity by 175 million lbs of flat rolled aluminum. This project will greatly enhance JW Aluminum’s capabilities to serve its primary end markets, including building and construction, HVAC fin stock, […]
