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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, […]
Braidy Industries broke ground on its $1.3 billion greenfield aluminum rolling complex in Ashland, Kentucky, which was first announced in early 2017. At the ceremony, Craig T. Bouchard, CEO of Braidy Industries, was joined by Gov. Matt Bevin and other officials in celebrating the official launch of the project. Bouchard stated that the design of the […]
Novelis Inc. broke ground on its its $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky (first announced in January). Representatives from Novelis were joined by Senator Rand Paul, Congressman James Comer, Governor Matt Bevin, and Senator Mitch McConnell’s staff to recognize the investment in a 400,000 sq ft facility that produce annual nameplate capacity of […]
The U.S. Department of Commerce (DOC) announced the affirmative final determinations in the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of aluminum foil from the People’s Republic of China. The DOC determined that imports of certain aluminum foil from China are being sold at less than fair value (or “dumped”) in the U.S. […]
Ducab Aluminium Company (DAC), a factory that manufactures aluminum rod and overhead conductors, was officially inaugurated in the Khalifa Industrial Zone of Abu Dhabi (KIZAD). The AED 220 million (US$60 million) project is a joint venture between Ducab, a UAE manufacturer of high-quality cables and cabling products, and Senaat, one of the largest holding companies in the UAE’s industrial sector. The […]
Novelis Inc. plans to build an approximately $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky. The greenfield facility will include heat treatment and pre-treatment lines, which prepare aluminum for use in vehicle parts such as body-in-white, hoods, doors, lift gates, and fenders. The facility will have an annual nameplate capacity of 200,000 tonnes. Demand for […]
