Universal Alloy Corporation (UAC), a supplier of of hard alloy extrusions, is expanding its capacity through the construction of a new facility in Baia Mare, Romania, near the local airport. It will produce extruded aluminum tubes and titanium profiles for the aerospace industry. This unique location will enable UAC not only to supply the assembled products, but […]
Metal Exchange Corporation (MEC), headquartered in St. Louis, MO, is forming a new joint venture with Novellini Industries Srl in Mantova, Italy. Called novALmec, the newly formed company will supply aluminum billet capacity to the European market. “With this being our first investment in an overseas manufacturing facility, the selection of our partner was crucial,” said […]
Hydro is investing NOK 150 million (US$17 million) to upgrade its casthouse at its Husnes smelter in Norway. The new low pressure casting (LPC) technology will enable the company to produce more advanced products for the growing automotive aluminum forging market. “Forge stock for products like suspension arms and knuckles is an attractive market for […]
Matalco Inc., a member of the Giampaolo Group, plans to construct a new state-of-the-art aluminum billet manufacturing facility located in the Rapids East Commerce Center in the City of Wisconsin Rapids, Wisconsin. The $80 million investment will further strengthen and expand the company’s presence in the North American aluminum market. This is part of a larger investment […]
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) announced its intention to end sanctions on UC Rusal and its parent company En+. The sanctions were imposed in April 2018 targeted Russian businessman Oleg Deripaska and his business empire, which includes Rusal, En+, and other companies in which he owned stakes. The OFAC cited “malign activities” […]
