Alcoa has reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds.
Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally competitive upstream business.
The company’s successful multi-year transformation will culminate with the launch of two Fortune 500 companies, one value-add focused and the other upstream focused, expected in the second half of 2016.
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No further details were announced, but in March the Kentucky Economic Development Finance Authority gave preliminary approval to Logan Aluminum for incentives regarding an expansion project.
The preliminary approval is for a proposed $282 million expansion project for the north Logan industry, which is the county’s largest employer and among the biggest in the region.
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European Aluminium represents the interests of the entire value chain of the aluminium industry in Europe. It works to promote aluminium, especially with European Union decision-makers and other important stakeholders. The Recycling Division is responsible for market and policy monitoring of recycling activities.
“It is a great honour to be elected the third time to chair European Aluminium’s Recycling Division that comes with the dissolution of OEA – Organisation of the European Aluminium recycling industry – and its full integration into European...
Packaging waste recovery data for the third quarter of 2015 shows that reported aluminium packaging recycling has recorded its highest ever quarterly performance at 23,330 tonnes*.
The Q3 results are the direct result of adjustments made to the accreditation process, following lower than expected tonnages in Q1 and Q2, and increasing volumes of aluminium packaging recovered from incinerator bottom ash (IBA) being reported through the system. An estimated 18,800 tonnes is required in the final quarter to achieve the 2015 recycling target.
Rick Hindley, Executive Director of...
Century Aluminum of South Carolina, a wholly-owned subsidiary of Century Aluminum Company has issued a notice to employees at its Mt. Holly, South Carolina aluminium smelter of its intent to curtail plant operations if the smelter is unable to secure a competitively priced power arrangement to deliver energy to the plant.
The announcement was made pursuant to the federal Working Adjustment and Retraining Notification Act (WARN).
If a competitively priced power arrangement cannot be secured, Century Aluminum of South Carolina will curtail 100% of smelter operations by no...
Constellium N. V. has launched Aeral, a new aluminium solution designed for the production of aerosol containers using the Drawn and Ironed (D&I) technology which is currently used to produce beverage cans.
Constellium's Aeral allows a minimum of 30% weight savings compared to traditional impact extruded containers, all while maintaining the same level of performance in terms of resistance to pressure and great ductility.
"Aeral is a new aluminium solution which, combined with the D&I technology, we expect will radically change...
Novelis Inc. has announced that Steve Pohl, Vice President, Financial Planning & Analysis, has been named Interim Chief Financial Officer, effective immediately.
Pohl assumes the CFO duties from Steve Fisher who was promoted to Chief Executive Officer in August.
In this role, Pohl will lead all financial activities for Novelis until such time as a permanent CFO is appointed. He will continue to be based at the company's world headquarters in Atlanta.
Pohl joined Novelis in 2009 as Vice President of Finance for North America. From 2011 to 2012, he served as...
Hydro has entered into a binding agreement to sell its aluminium rolling mill in Cisterna di Latina, Italy, to Rolling Mills International GmbH.
Hydro's rolling mill in Cisterna di Latina produces aluminium rolled products, mainly standard strip and sheet, as well as plain foil.
Through the agreement, Rolling Mills International GmbH will acquire 100% of the shares in Hydro Aluminium Slim S.p.A. Rolling Mills International GmbH is controlled by Quantum Capital Partners AG, a Munich-based investment company.
The transaction is expected to...
After the orders assigned to Danieli for a hot rolling mill and a plate stretcher for the AMAG 2014 project, Austria’s leading aluminium producer recently decided to rely again on Danieli’s technological expertise.
Danieli Fröhling, known as specialist for high-performance cutting and finishing lines for aluminium strip, will supply a coil preparation station and a slitting line for the AMAG 2020 investment programme.
The equipment to be supplied will be used to prepare cold rolled coils to remove strip with undesired thickness variations both from...
UC RUSAL has developed acid technology for alumina production of non-bauxite raw materials.
The technology will allow the production of alumina using domestic kaolin clay as a substitution to imported bauxites.
The new technology will boost RUSAL smelters’ economic efficiency thanks to the low cost of the material and the logistical cost reduction. The technology also allows for the simultaneous production of a number of high demand products, including those with silicon oxide and rare-earth metals bases.