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 […]
By Andrea Svendsen, Managing Editor. Matalco Inc., a member of the Giampaolo Group, reached a milestone with the startup of its third aluminum remelt and billet production facility located in Lordstown, OH, which will be able to produce 350 million lbs annually when it reaches full capacity. The new ~$100 million, 225,000 sq ft casting […]
The ET Foundation invites students studying design, engineering, architecture, or related fields to enter the 2017 International Aluminum Extrusion Design Competition. A total of $8,500 in scholarships will be awarded for First, Second and Third Place, as well as for the Bonnell Aluminum LED Lighting Design Challenge. There is no fee to enter the competition. Submissions will […]
The Environmental Protection Agency (EPA) and the National Highway Transportation Safety Administration (NHTSA) jointly finalized a new rule that requires medium and heavy-duty trucks to improve fuel efficiency up to 25% by 2027 in an effort to cut greenhouse gas (GHG) emissions from the nation’s freight transportation activities. The final standards are expected to lower CO2 […]
Kobelco Aluminum Products & Extrusions Inc. (KPEX), a subsidiary of Kobe Steel, broke ground on its new production facility in Bowling Green, Kentucky (announced in May), officially marking the start of construction. The new facility will manufacture and sell aluminum bumper beam material and car frame material for the automotive industry in the U.S. KPEX represents a […]
STORM Eindhoven, a group of Dutch university students from Eindhoven University of Technology, has developed the world’s first electric touring motorcycle and is now preparing to take its STORM Pulse across the world in 80 days. “Building a zero-emission vehicle without compromising on design, safety, and pleasure,” noted STORM Eindhoven. “This is what STORM Eindhoven means to realize […]
According to a new study, “Analysis of the Energy and Greenhouse Gas Emission Implications of Distributing and Refrigerating Beverages,” conducted for the Aluminum Association by ICF International, the combined greenhouse gas (GHG) emissions associated with the transportation and refrigeration of beverages in aluminum cans are lower than those associated with that of beverages in glass or […]
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Global growth in the magnesium market is expected to average 3.4% per year reaching almost 1.2 million tpy by 2020, according to a new report — Magnesium Metal: Global Industry, Markets & Outlook, 12th Edition — from Roskill that forecasts the industry out to 2020. Globally aluminum alloys and die casting are predicted to be the […]
