News

Combination of Exal and Ardagh businesses to form metal packaging producer Trivium

Ardagh Group has announced that it has entered into an agreement to combine its Food & Specialty Metal Packaging business with Exal Corporation, a leading producer of aluminium containers, to form ‘Trivium Packaging’. The move will create one of the largest metal packaging companies in the world. Headquartered in the Netherlands, Trivium will operate 57 production facilities, principally across Europe and the Americas, employing approximately 7,800 people. Projected revenues and Adjusted EBITDA in the twelve months ended March 31, 2019 were $2.7 billion and $469...

Aludium appointment

Daniel Jubera has been appointed as Chief Commercial Officer (CCO) for Aludium, effective from 1 July 2019. Daniel will be based in Amorebieta and will lead Aludium’s entire sales organisation. He will report directly to Oliver Bell, CEO of Aludium. A Swiss and Spanish citizen, Daniel has more than 15 years of experience in sales and the aluminium industry. He has held senior positions with major companies in the sector including ICM, Feintool Technologie, Novelis, and Constellium. Immediately prior to joining Aludium, Daniel held the position of Sales and Marketing Director...

Braidy Industries must raise $300M in 4 months or risk losing $100M from Russian company.

According to reports, Braidy Industries has about four months to raise $300 million in equity capital to help finance a $1.7 billion aluminium rolling mill in Eastern Kentucky — or risk losing a sizeable investment it already has secured. In a U.S. Securities and Exchange Commission filing made this week, Braidy Industries detailed its agreement with United Co. Rusal. The company recently announced plans to invest $200 million in Braidy's planned aluminium rolling mill.  Rusal — which was under U.S. sanctions until earlier this year — went public in April...

Prestigious Gold Medal marks the distinguished career of Prof. Geoff Scamans

Innoval Technology is delighted to announce that its Chief Scientific Officer, Prof. Geoff Scamans, has been awarded the Gold Medal by The Institute of Materials, Minerals and Mining (IOM3) in their Annual Awards. IOM3’s Gold Medal is a premier award presented to a company, team or individual who has made a significant contribution to the industrial application of materials. The awards were presented at a gala dinner in London on 11th July to mark IOM3’s 150th anniversary. Geoff is a very worthy winner of the Gold Medal. His remarkable record of internationally...

Alba reports 25% sales growth in Q2 2019

Aluminium Bahrain B.S.C. (Alba), on course to be transformed into the largest smelter in the world with the full ramp-up of Line 6 on 31 July 2019, stretches its overall sales’ volume and throughput, in double-digits, for the second quarter of 2019 despite trade-tensions and the downward pressure on LME prices.  For the second quarter of 2019, sales’ volume went beyond 249,595 metric tonnes (mt) in Q2 2018 to top 311,928 mt, an increase of 25% Year-over-Year while production jumped to 305,727 mt, up by 21% YoY versus 252,081 mt in Q2 2018. Alba closed this quarter...

Bosnia’s ailing Aluminij shuts down operations

Bosnia’s heavily-indebted aluminium producer Aluminij Mostar shut down operations early on July 10 after recent bail-out talks between the government of the Federation of Bosnia and Herzegovina and potential investors failed, local media has reported. The power supply to Aluminij was cut off at midnight on July 9 due to unpaid electricity bills, forcing the company’s director Drazen Pandza to order the start of the shutdown process. “All directors and managers are obliged to immediately instruct the workers in accordance with the needs of the shutdown procedure,...

Alcoa Corporation Provides Update on Avilés and La Coruña Plants in Spain

Alcoa Corporation has signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG, based in Schindellegi, Switzerland, to acquire the Alcoa Avilés and La Coruña aluminium plants in Spain. The plants include the casthouses at both facilities and the paste plant at La Coruña, which are currently in operation, and the two curtailed smelters. Alcoa has reached an agreement with the workers’ representatives relating to a transaction between the Company and PARTER Capital Group AG. However, a final acquisition is...

Rio Tinto’s Icelandic aluminium plant attracts Glencore - sources

According to reports, at least three companies including Glencore (GLEN.L) have expressed an interest in buying Rio Tinto’s aluminium assets in Iceland, Sweden and the Netherlands for up to $350 million. Rio Tinto restarted the sale process for the assets in late 2018, with the help of French investment bank Natixis, sources previously said, after Norwegian aluminium company Norsk Hydro (NHY.OL) pulled out of buying them, blaming a delay in getting European Commission approval. As well as an aluminium smelter in Iceland, Rio has put on the block a 53% stake in a Dutch anode...

SECO/WARWICK Group under new command

It has been a month, since the Supervisory Board at the SECO/WARWICK Group unanimously decided to entrust the function of President of the Management Board to Sławomir Woźniak. The new President has been appointed for the same period as the joint term of the new Management Board, which spans the next three full financial years. “We have entrusted the function of President of the Board not only to a man who has developed the company, but also to a highly experienced manager. I am convinced that his abilities and amazing competencies will contribute to the further intensive...

Alcoa announces planned restart, new labour contract for Aluminerie de Bécancour smelter in Québec

Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, announced that the Aluminerie de Bécancour Inc. (ABI) smelter plans to restart curtailed smelting capacity after members of the United Steelworkers union in Québec, Canada today approved a six-year labour agreement. The smelter, owned by Alcoa (74.95%) and Rio Tinto Alcan Inc. (25.05%), has total annual capacity of 413,000 metric tons per year. The restart will begin on July 26, 2019 and is expected to be complete in the second quarter of 2020. Salaried employees had operated one of three...