The Pechiney Board of Directors have recommended a revised take over offer from Alcan.
The offer is a mixed cash/share offer of up to 48.50 Euros and consists of 47.50 Euros per share plus a supplement of 1 Euro per s...
Mercedes Benz have unveiled their all new Mercedes Benz SLR McLaren supercar at the Frankfurt Auto Show. The car was a joint project between Mercedes Benz and their Formula 1 partner McLaren, which has no doubt resulted ...
The French Treasury Department has approved the proposed take over of Pechiney by Alcan.
Approval came after Alcan first filed their intention on July 7th, and their subsequent commitment to continue operating Pechine...
Following a hostile takeover bid by Alcan for Pechiney, on July 7, Alcan have submitted an improved bid.
Alcan’s July bid was for 44.5 Euros per share. The most recent bid was for 47-48 Euros per share.
The P...
Pechiney and Batou Aluminium Co have reached an agreement regarding the construction of a joint venture high purity aluminium plant in Batou, inner Mongolia.
Under the terms of the agreement, Pechiney will invest USD$...
Alcoa and Kobe Steel have announced that they will terminate their joint venture aluminium plants that produce aluminium can stock used in beverage cans. This decision has been undertaken as the joint ventures did not me...
Following a steep rise in the price of aluminium, the London Metals Exchange (LME), the worlds largest non-ferrous metals market, is investigating the possibility that traders were colluding to drive the price up.
The...
Hydro, co-owners of the Brazilian alumina refinery Alunorte, will take part in the second plant expansion, that will lift capacity by 1.8 million tonnes to 4.2 million tonnes. This will result in further improvements to ...
Kobe Steel, Mitsui and Toyota have formed a joint venture to manufacture and market aluminium forgings for automotive applications in the United States.
The joint venture will be called Kobe Aluminum Automotive Produc...
Under a new contract from NASA, Northrop Grumman, through its Integrated System’s sector will continue developing and refining manufacturing processes, with the aim of producing large cryogenic fuel tanks from comp...
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