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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 […]
Aleris Corporation reported fourth quarter and full year results ending on December 31, 2015, which reflect the divested recycling and extrusions businesses as discontinued operations. “A better than projected fourth quarter caps off a strong 2015, during which we completed the transformation of Aleris into a global rolled products company,”said Sean Stack, Aleris president and CEO, “a strategy […]
Champagne Metals recently commissioned a new state-of-the-art 111 inch wide cut-to-length line from Butech Bliss at its newly constructed Middlebury, Indiana facility. The new line is part of an expansion project, called “The 111 Line,” which will include the installation of a leveling line. The expansion adds approximately 79,000 sq ft, bringing the total facility in Indiana […]
