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.
The event's exhibitors included more than 350 major aluminium industry players from Europe, Asia, the Middle East, and the Americas.
Based at a stand at the Istanbul Expo Center, a senior management delegation from Qatalum networked with fellow participants and guests, shared knowledge, and disseminated information about the latest developments at the company.
At the conclusion of the Fair, Mr Khalid Laram, CEO of Qatalum, said: "This year's Aluexpo was a first-rate platform to connect with leaders and influencers from all across the global aluminium industry....
This is in line with the company’s three-year strategy, which involves closing unprofitable subsidiaries and non-operating companies; and identifying additional opportunities for growth in high-margin markets where GARMCO has established a strong presence, in particular South East Asia, the USA and Australia.
The restructuring has resulted in the closing of unprofitable subsidiaries in the saturated markets of China and Korea; and non-operating companies in Hungary and Cyprus, which do not add value to GARMCO’s core activities.
As part of the...
Hydro has signed a Letter of Intent (LoI) with Brazilian mining company Vale for the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineração Rio do Norte (MRN), which would strengthen Hydro's global position as a long player in bauxite and alumina.
An eventual agreement will depend on the parties agreeing terms for Hydro to acquire Vale's 40% interest in MRN, completion of Hydro's due diligence process, approval by the parties' Board of Directors and by the relevant competition authorities.
The parties will...
On 6th October 2015 FINMECCANICA signed an agreement to sell 100% of FATA S.p.A. to the Danieli Group.
FATA, established in 1936 with headquarters in Pianezza (TO), employs a workforce of approximately 200 employees and has a yearly turnover of about Euro 150 mil.
It operates worldwide as a referenced player in the field of industrial plant engineering and construction with its subsidiaries in the USA (Fata Hunter), India (FATA Engineering), China (Fata Shanghai ) and the UAE (Fata Gulf).
The acquisition of Fata EPC marks a milestone in Danieli’s project...
Alcoa (NYSE:AA) has signed an approximately $1 billion contract with Airbus for high-tech, multi-material aerospace fastening systems.
The deal is Alcoa’s largest fastener contract ever with the aircraft manufacturer. Alcoa’s fasteners fly on every Airbus platform.
“Our growing aerospace capabilities, technology strength and global, first-rate customer service continue to strengthen Alcoa’s decades-long partnership with Airbus,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Alcoa is proud to partner with Airbus to...
The U.S. aluminium industry has long been part of the solution to address climate change in many respects.
Automakers are using lightweight, military-grade aluminium to help achieve far greater fuel economy for their fleets. The construction market relies on aluminium for increasing the energy efficiencies of new buildings. And the increasing rate of recycling is saving energy consumption in the packaging market.
The U.S.-China Joint Presidential Statement promises to make these kinds of gains enjoyed in the United States commonplace in China within a short period of time....
Utkal Alumina has proposed to ramp up its alumina refinery capacity at Rayagada in south Odisha from one million tonne per annum (mtpa) to 1.5 mtpa and that of its captive power plant (CPP) from 50 Mw to 90 Mw.
The total cost of the refinery is estimated at INR 7,563 crore.
The High Level Clearance Authority (HLCA), the highest body to approve investment proposals, has approved seven projects with investments totalling to INR 41,900 crore.
The projects include a mix of new as well as existing projects that proposed to ramp up their capacities.