News

Century power agreement

Century Aluminum Company has renegotiated a market-based agreement with a third-party supplier to provide approximately 75% of the power requirements for the Mt. Holly, South Carolina smelter.

The remaining 25% of Mt. Holly's power requirement will continue to be supplied by Santee Cooper. The new market-based power agreement will allow Mt. Holly to continue to operate at half capacity while it seeks a competitive long-term arrangement.

"We are proud of the team at Mt. Holly, who have operated the plant safely and efficiently during these highly uncertain...

Constellium: New CEO

Constellium has announced recently appointed Constellium Executive Director, Jean-Marc Germain will assume the role of Chief Executive Officer effective July 11, 2016.

Jean-Marc will succeed Pierre Vareille, who announced his retirement earlier this year. Pierre will work closely with Jean-Marc to ensure a seamless transition and will serve as an advisor to the Board.

"Jean-Marc brings a wealth of experience and deep industry expertise to Constellium," said Richard (Dick) Evans, Chairman of Constellium. "We are confident Jean-Marc will successfully build on...

Constellium appoints new CEO

Constellium has announced recently appointed Constellium Executive Director, Jean-Marc Germain will assume the role of Chief Executive Officer effective July 11, 2016.

Jean-Marc will succeed Pierre Vareille, who announced his retirement earlier this year. Pierre will work closely with Jean-Marc to ensure a seamless transition and will serve as an advisor to the Board.

"Jean-Marc brings a wealth of experience and deep industry expertise to Constellium," said Richard (Dick) Evans, Chairman of Constellium. "We are confident Jean-Marc will successfully build on...

UC Rusal Joint Venture

UC Rusal and Hebei Joy Sense Cable Co., Lt (HJSC) have signed an agreement to establish the joint venture (JV) ‘JSC RUSAL-HEBEI JOY SENSE CABLE Special Aluminium Products Co. Ltd. Investments’.

At this stage, the Partners will invest USD 1 mln dollars and will make further investment decisions on completion of the feasibility study. 

JSC Rusal-Hebei Joy Sense Cable Special Aluminium Products Co. Ltd. is established in the form of Sino-foreign equity joint venture with equal ownership stakes of 50% between the Partners. The JV will be a production and sales...

Constellium: New facility

Constellium intends to open a new manufacturing facility in Mexico to produce aluminium automotive structural components.

This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico.

The automotive industry expects that nearly five million vehicles will be produced annually in Mexico by 2019, making it one of the largest markets for automobile production.

Constellium plans to invest...

Schuler: AWEBA takeover

Schuler AG has completed the takeover of German die construction specialist AWEBA. 

Following approval from the relevant anti-trust authorities, Schuler – the market leader in forming technology – has now closed the acquisition process. As of July 1, 2016, Schuler will thus become the sole owner of AWEBA Werkzeugbau GmbH Aue. The AWEBA Group is one of the world’s leading full-service providers of dies and fixtures.

Schuler CEO Stefan Klebert commented: “AWEBA’s outstanding technological expertise in die construction is a perfect fit for...

Alcoa: Embraer contract

Alcoa has announced a long-term contract with Embraer – the leading manufacturer of commercial jets up to 130 seats – valued at approximately $470 million.

Under the multiyear agreement, Alcoa will supply aluminium sheet and plate for Embraer’s new E2s, the second generation of its E-Jets family of commercial aircraft, a narrow-body medium-range jet airliner. The Embraer E-Jets E2 were launched at the Paris Airshow in 2013 and are scheduled to enter into service in 2018.

“Our partnership with Embraer is rooted in constant innovation and this...

Alcoa separation progress

Lightweight metals leader Alcoa has announced a major milestone in connection with its pending separation into two strong standalone, publicly-traded companies.

Alcoa Upstream Corporation (to be renamed Alcoa Corporation prior to separation) has filed an initial Registration Statement on Form 10 with the Securities and Exchange Commission (SEC). Alcoa Corporation will hold the Upstream and North American packaging businesses. The Value-Add businesses will remain in the existing company, which will be named Arconic Inc. The separation is on track to be completed in the second half...

Recycling pavilion

The organisers of ALUMINIUM 2016 have announced that the upcoming event will feature a Recycling Pavilion.

In Hall 11, which primarily addresses the topics of primary production and recycling, the trade fair organisers have set up a special area with a themed pavilion where companies specialised in recycling exhibit their solutions for reclaiming aluminium scrap.

The Recycling Pavilion targets scrap dealers, sorting line manufacturers, shredding plants, remelters and secondary aluminium vendors, to name but a few. So far registrations from the following exhibitors have...