Constellium N.V. held the official opening ceremony for its new state-of-the-art aluminum sheet finishing line at its plant in Neuf-Brisach, France, on October 18. The €180 million investment is designed to meet the growing demand for aluminum automotive body sheet. “We are thrilled to announce the capacity expansion of our plant in Neuf-Brisach with the […]
Constellium N.V. and UACJ Corporation celebrated the official opening of their new manufacturing plant in Bowling Green, Kentucky. The 225,000 sq ft facility will supply 100,000 tonnes of aluminum automotive body sheet to the North American automotive industry under their joint venture, Constellium-UACJ ABS LLC. Coil supply for the facility has been secured with both partners’ rolling mills, […]
Aleris Corporation entered into a definitive agreement to be acquired by Zhongwang USA LLC, an investment company owned by Zhongwang International Group Ltd., parent company of China Zhongwang. Under the agreement, Zhongwang USA will acquire Aleris for $1.11 billion in cash for the equity, plus $1.22 billion in net debt. “We are excited about this transition to strategic […]
Ball Corporation completed its acquisition of Rexam PLC for approximately $6.1 billion of cash and equity, plus the assumption of approximately $2.4 billion of net debt — making Ball the largest manufacturer of beverage cans in the world. The company also completed the required sale of the divestment business to Ardagh Group, receiving cash proceeds of approximately […]
Alcoa signed a long-term contract with Embraer, a leading manufacturer of commercial jets up to 130 seats. Under the multi-year agreement, valued at approximately $470 million, Alcoa will supply aluminum sheet and plate for Embraer’s new E2s, the second generation of its E-Jets family of commercial aircraft, a narrow-body medium-range jet airliner. The Embraer E-Jets […]
Champagne Metals is a privately held, family owned metal service center headquartered in Glenpool, OK, specializing in aluminum distribution and coil processing. The company sets itself apart from other service centers and processors through continuous investment in state-of-the-art coil processing equipment with the aim of exceeding performance expectations for their customers. Most recently, the company […]
Noranda Aluminum Holding Corporation entered into an asset purchase agreement for its flat rolled products business with Gränges AB, a supplier of rolled products for brazed aluminium heat exchangers in Sweden. Under the agreement, a subsidiary of Gränges will serve as the “stalking horse” bidder for Noranda’s flat rolled products business in a court-supervised sale process […]
Novelis commissioned its third state-of-the-art automotive aluminum sheet finishing line in Oswego, N.Y. Installed to support the production of stronger, lighter, and safer vehicles, the line represents Novelis’ latest investment of $120 million to expand high-strength aluminum alloy supply for Ford F-Series trucks, America’s best-selling truck for 39 years and best-selling vehicle for 34 years. “As a result […]
