Arconic Corporation, headquartered in Pittsburgh, PA, entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction, valued at around $5.2 billion, includes a minority investment from funds managed by affiliates of Irenic Capital Management. Upon completion of the transaction, the company’s shares will no longer […]
Gulf Aluminium Rollng Mill (GARMCO), an aluminum recycling and rolling company located in Bahrain, successfully completed a number of development projects totaling US$24 million. These projects at GARMCO are in accordance with the restructuring plan approved by the company in November 2021. “We are implementing the requirements of the reorganization plan by continuing the development […]
Steel Dynamics Inc. broke ground on its new aluminum rolling facility in Columbus, Mississippi. This is the first time that Steel Dynamics will enter the flat rolled aluminum products market. Operating under the name Aluminum Dynamics, the new rolling facility will focus on the production of aluminum sheet for cans, vehicles, and industrial applications. The […]
By Peter Pollak, The Aluminum Association (Retired). According to goals announced by the U.S. and European Union, there are widespread commitments to eliminate global carbon dioxide emissions by 2050. An important aspect of achieving a net-zero emissions goal within this time frame is electrifying the global vehicle fleet and switching power generation to renewable energy […]
Gränges plans to invest SEK 600 million (~US$57.7 million) over two years to double its capacity for battery cathode foil production in Finspång, Sweden. The new capacity will enable the company to meet the growing demand for battery components in Europe. “Recently, we have experienced very high interest in our battery and electrification solutions from […]
Trimet Aluminium SE, an aluminum producer headquartered in Essen, Germany, is working with Nexans, a global cable and optical fiber company headquartered in Paris, France, to improve the eco-balance of power cables. In a joint breakthrough development project, the two companies have developed a material with recycled aluminum content for the production of aluminum rod used […]
The Impol Group is a well known manufacturer of semi-finished products, with 165,000 tons of rolling capacity and 100,000 tons of extrusion capacity. In its rolling division, the company produces rolled products at three production sites located in Slovenia, Croatia, and Serbia, employing a total of 2,500 people across all three locations. The company’s Slovenska […]
Constellium SE entered into a multi-year contract with Daher, through which the company will supply a wide range of flat-rolled aluminum products from its facility in Issoire, France. The aluminum will be used in lightweight aircraft, particularly the TBM and Kodiak models. By becoming strategic aluminum supplier for Daher, Constellium is able to expand its […]
