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 […]
Based in Binzhou, China, Shandong Weiqiao Aluminum recently completed installation of two high-speed trimming lines from Danieli Fröhling. The two lines are now in full production with a capacity of around 460,000 tpy of primarily alloys in the 1xxx, 3xxx, 5xxx, and 8xxx series. The new line produces a main product that is 0.1-1.2 mm thickness and 980-2,150 mm in width, for a […]
Alcoa announce that its separation into two independent, publicly-traded companies — an Upstream company and a Value-Added company — remains on track for completion in the second half of 2016. Alcoa has now revealed the name of its Value-Added company, Arconic. The Upstream company will continue to operate under the Alcoa name. According to Alcoa, the “Arconic” […]
Constellium N.V. signed and MOU with its Japanese partner UACJ Corporation to expand their existing joint venture to produce automotive body-in-white (BIW) sheet in the U.S. Under the expanded joint venture, the companies contemplate a joint investment in two previously announced 100,000 tonne finishing lines, which would be funded 51% by Constellium and 49% by […]
Aleris Corporation reported fourth quarter and full year results ending on December 31, 2015, which reflect the divested recycling and extrusions businesses as discontinued operations. “A better than projected fourth quarter caps off a strong 2015, during which we completed the transformation of Aleris into a global rolled products company,”said Sean Stack, Aleris president and CEO, “a strategy […]
Champagne Metals recently commissioned a new state-of-the-art 111 inch wide cut-to-length line from Butech Bliss at its newly constructed Middlebury, Indiana facility. The new line is part of an expansion project, called “The 111 Line,” which will include the installation of a leveling line. The expansion adds approximately 79,000 sq ft, bringing the total facility in Indiana […]
Ball Corporation is moving forward in it plans to acquire all of the outstanding shares of Rexam in a cash and stock transaction, first announced in February 2015. The two companies have complementary metal beverage packaging product offerings and strong cultural compatibility. The combined company will have pro forma 2014 revenue of approximately $15 billion and approximately […]
