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 […]
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 […]
