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 […]
Texarkana Aluminum held a ribbon-cutting ceremony to commemorate the official launch of its aluminum rolling mill in Texas. The event was attended by company executives as well as local, regional and state economic and political organizations. Texarkana is owned by Ta Chen International, Inc., which acquired the plant from Arconic for approximately $300 million in October 2018. The […]
Braidy Industries, Inc. and En+ Group plc, signed an LOI for a $200 million investment from UC Rusal for Braidy’s planned Atlas aluminum rolling mill in Ashland, Kentucky. In exchange for its investment, Rusal will obtain a 40% share in the project and will serve as Braidy’s exclusive supplier of low-carbon aluminum. This partnership enables Braidy […]
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Novelis Inc., the world leader in aluminum rolling and recycling, today announced it signed a definitive agreement to acquire Aleris Corporation, a global supplier of rolled aluminum products, for approximately $2.6 billion including the assumption of debt. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in 9-15 […]
AMAG Austria Metall AG in Ranshofen, Austria, held a grand opening for its new aluminium cold rolling mill, which the company says is Europe’s state-of-the-art. Around 700 guests attended the June 22nd event. “With the plant expansion, we are increasing our production capacity and at the same time our quality, flexibility, productivity, as well as […]
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 […]
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 […]
