Norsk Hydro ASA entered into an agreement to sell its Hydro Rolling business to KPS Capital Partners for €1.380 billion (approximately US$1.67 billion) on an enterprise value basis. “Hydro launched a strategic review of our Rolling business area in 2019, along with other strategic measures towards profitability and sustainability,” said Hilde Merete Aasheim president and […]
Primetals Technologies is moving to a new manufacturing and office facility in Sutton, Massachusetts, which will house its long rolling manufacturing and service operations. The new facility will complement the company’s 13 other U.S. locations. “In the past few years, we have made significant investments in our manufacturing and service workshop capabilities,” said Ralf Hanneken, president […]
ALVANCE Aluminium Group, part of GFG Alliance, completed its purchase of the Duffel aluminum rolling mill and recycling operations near Antwerp in Belgium. The company acquired the site from Novelis for €310 million. The mill will be renamed ALVANCE Aluminium Duffel. “I would like to welcome the Duffel team to the family of GFG Alliance […]
AMAG rolling GmbH is upgrading and modernizing a two-high hot rolling mill and a four-high cold rolling mill at its plant in Ranshofen, Austria. The parts and work for both orders will be supplied by Primetals Technologies. The aim of the work is to improve the reliability and safety of the equipment. AMAG rolling GmbH, part of […]
The European Commission announced aluminum extrusions from China will be subject to registration by national customs authorities as of August 25th, 2020, as part of an ongoing antidumping investigation. On February 14th, the European Commission opened an antidumping investigation into aluminum extrusions originating from China — following a complaint made by European Aluminium. The complaint alleged […]
ElvalHalcor Hellenic Copper and Aluminium Industry S.A., owned by Viohalco, is expanding its aluminum rolling mill operation in Oinofyta, Greece. The company is investing EUR 150 million in equipment, technology, and infrastructure as part of a five-year plan to more than double its flat rolled aluminum products capacity. This will also support the further modernization of the plant, introduce […]
Novelis Inc. completed its acquisition of Aleris Corporation, a global supplier of rolled aluminum products, for $2.8 billion. The purchase includes 13 plants across North America, Europe, and Asia — expanding Novelis’ flat rolled aluminum capabilities and enabling it to meet increasing customer demand for aluminum. “The Aleris deal marks a major milestone for Novelis, […]
AMAG rolling GmbH completed the modernization of continuous heat treatment line no. 2 at its Ranshofen plant in Austria. The goals of the modernization were to use standardized solutions to simplify maintenance, increase availability, and install safety equipment complying with the requirements of the machine safety ordinance. In addition, the project would enable the furnace to […]
GFG Alliance is creating a new global aluminum enterprise, which will consolidate the aluminum operations acquired in recent years into a single entity. The new vertically-integrated aluminum group, known as ALVANCE Aluminium Group, aims to drive synergies and take full advantage of opportunities to expand. “The creation of ALVANCE highlights the global nature of our […]
