News

Hydro bids for ISAL

Norwegian aluminium company Norsk Hydro ASA has made a binding offer to acquire Rio Tinto’s 100% share of Icelandic aluminium plant ISAL. The offer also includes the Dutch anode facility Aluchemie and Swedish aluminium fluoride plant Alufluor. Transactional highlights Binding offer to acquire Rio Tinto’s Icelandic aluminium plant Rio Tinto Iceland Ltd (“ISAL”), its 53% share in Dutch anode facility Aluminium & Chemie Rotterdam B.V. (“Aluchemie”), and 50% of the shares in Swedish aluminium fluoride plant Alufluor AB (“Alufluor”)...

ElvalHalcor contracts SMS

ElvalHalcor has awarded a contract to the German SMS Group GmbH, to supply a new four-stand tandem aluminium hot finishing mill for its Oinofyta plant, near Athens. This order is part of a EUR 150 million investment in equipment, technology and infrastructure, announced by the Company on the signing of the loan agreement with the European Investment Bank on December 22, 2017, for its financing. This investment represents the first phase of the Company’s five-year plan to more than double its flat rolled aluminium products capacity. With the new four-stand tandem mill, the...

Section 232 update

Whilst reviewing the report released by the US Department of Commerce (DoC) on the effect of imports of aluminium on national security, European Aluminium reconfirms its belief that the root cause of the main challenges faced by the aluminium industry is global excess capacity, in particular in China. Potential measures should address these imbalances without distorting global trade flows and interfering with the current trading relationship between the United States and Europe. “Last year, we provided data and evidence during the US Congress hearing on the Section 232...

Alumina investment

Rio Tinto says it is investing $250 million in its Vaudreuil alumina refinery in Quebec to extend the life of the operation past 2022. The company says work on the refinery, located in the Saguenay region of the province, will include construction of a filtration plant and optimisation at a site to manage bauxite residue. Rio Tinto says it's also looking to identify ways of getting value out of the residue, which in general is mostly made up of iron oxide, titanium dioxide, silicon oxide, and undissolved alumina. The company says the Vaudreuil refinery, built in 1936, supports...

ALLIANCE project update

The ALLIANCE project in collaboration with INNOGET is offering an exclusive opportunity for INNOGET users to submit their lightweight innovations to the ALLIANCE project technology call.  The successful submission will be fast-tracked to the validation phase of the ALLIANCE Lightweight Open Innovation Challenge. Large and small companies, research centres, universities, and even individuals with innovative lightweighting technologies, are invited to submit their ideas, co-develop them with the ALLIANCE OEMs, suppliers, and knowledge partners, and shape the vehicles...

UC Rusal appointment

UC Rusal is pleased to announce the creation of a new Downstream Division in the company's organisational structure. Andrey Donets has been appointed Head of the new division, whose main tasks will include developing value added production and bringing this business of the company to a whole new level.   The Downstream Division includes the foil, packaging, and wheels production facilities of the company.   Vladislav Soloviev, CEO of RUSAL, commented: “The strategy that RUSAL is implementing to increase the share of value added products in total output and the...

Mecfor poised for growth

Benefiting from a major investment by its new Canadian financial partner—SeaFort Capital—and from a strong and unchanged management team, the Quebec-based company has become independent and now wants to double its revenues. Mecfor is committed to a development plan focused on mergers and acquisitions in the primary and secondary aluminium sector, innovation and diversification towards rail maintenance equipment and the nuclear sector. "We are pleased to announce this historic transaction, which gives Mecfor a new financial partner, providing access to capital and...

First sealed cathode

Aluminium Bahrain B.S.C. (Alba), has announced that its Line 6 Smelter achieved a significant milestone - the First Cathode Sealing Operation - on Wednesday January 31, 2018.   The first cathode is an integral part of the pot lining activities for the new Line 6 pots based on the Dubal DX Ultra Technology that is being employed at the Line 6 Smelter.   Commenting on this achievement, Alba’s Chief Executive Officer, Tim Murray, said: “We are very much pleased with the overall progress we have made on Line 6 Smelter. The focused-approach adopted by our...