Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale’s 40% interest in Brazilian bauxite producer Mineração Rio do Norte (MRN).
The two companies entered into a letter of Intent (LoI) regarding the possible transaction in October 2015, but have not been able to agree on commercial terms.
Hydro will continue to own 5% of MRN, as well as to purchase bauxite from Vale under commercial agreements entered into in 2011.
Hydro acquired Vales' other Brazilian aluminium assets in 2011, including the...
Kobe Steel, Ltd. will manufacture and sell aluminium extrusions for the automotive sector in the United States.
The new business will operate through a company called Kobelco Aluminum Products & Extrusions Inc. (or KPEX) in Bowling Green, Kentucky.
KPEX will make bumper materials for cars and car frame materials. The new company will have an integrated production facility, with operations ranging from melting to fabrication. Plans call for construction of the plant to begin this summer. Fabrication will start in the latter half of 2017, and the melting to extrusion...
Alcoa has announced that Karl Tragl, Group President of Transportation and Construction Solutions (TCS), has been appointed Group President of Engineered Products and Solutions (EPS), succeeding Olivier Jarrault, effective May 16.
Jarrault will leave Alcoa after working with Tragl to ensure a smooth transition.
Prior to joining Alcoa in February, Tragl (pictured) was Chief Executive Officer of Bosch Rexroth, a $6 billion (€5.4 billion) automation solutions company with 31,000 employees in 80 countries. During his six years as CEO, he delivered sustainable profitable...
The AluSolutions conference and exhibition took place at the Abu Dhabi National Exhibition Centre on 10 – 11 May 2016.
More than 300 visitors from across the international aluminium industry gathered on the first day to hear presentations from representatives from Emirates Global Aluminium (EGA), Gulf Extrusions (GULFEX), Taweelah Aluminium Extrusion Company (TALEX), The Bureau for Middle East Recycling and Emirates Environmental Group.
The conference was inaugurated by Senaat's ACEO, H.E Eng. Jamal Al Dhaheri (pictured), who welcomed the event to the region and...
Build-up for the AluSolutions conference and exhibition is underway at the ADNEC in UAE.
The two day, free of charge event will be officially opened on 10th May by Mr Jamal Al Dhaheri, Chairman of Talex.
The conference will include speakers from EGA, Gulfex, the Bureau for Middle East Recycling, Emirates EnvironmenL Group, and many more!
You can view the full list of attending companies here: www.alusolutions.com/participants
It's not too late to register either. Simply go online to www.alusolutions.com/register or visit the...
Hydro has commissioned a EUR 45 million facility aiming to recycle up to 50,000 tonnes of used beverage cans per year at its Neuss plant in Germany.
The facility is located in the heart of a growing can market, as Europeans now are using more than 30 billion cans a year. That equals 450,000 tonnes of used beverage cans (UBC) to recycle.
Waste for some, “silver” gold for others, Hydro turns this urban-mined resource into material for new can tabs, ends and bodies, closing the recycling loop.
Countries collect cans in various systems, where collected the...
A simplified dry recycling process to recover the 5-10% of aluminium which remains in the aluminium salt cake produced in the smelting process of secondary aluminium, has been developed by German recycling equipment manufacturer, BHS-Sonthofen.
According to the company, to date the recovery of this aluminium has thus far proven difficult, costly and time consuming. However, it said that it has now developed a new process based on the selective impact crushing of the salt cake.
Alcoa has reached an agreement with the Bonneville Power Administration (BPA) that will help improve the competitiveness of its Intalco smelter.
As a result, the smelter will not curtail at the end of the second quarter as previously announced by the company.
The amendment to the power contract is effective July 1, 2016 through Feb. 14, 2018 and provides for additional access to market power during this period.
This short-term amendment with BPA, combined with the state of Washington’s $3 million budget proviso for workforce training, are key factors in...
Sapa has delivered the strongest first quarter since the company was established in 2013.
The demand for lighter cars in both North America and Europe, resulting in aluminium substitution in the automotive industry, is contributing positively.
Owners Orkla and Hydro reported to the financial markets Sapa's results for the first quarter of 2016. Sapa continues to deliver strong results.
Underlying EBIT improved with 46% compared to the same quarter previous year to NOK 571 million. Performance improved across all business areas mainly due to the...