It was announced today that Alcoa would initiate a tender to purchase 3.5 million shares in the Norwegian company Elkem.
They have offered to purchase the shares at 175 Norwegian kroner. If the tender is successful, A...
The Alouette primary aluminium plant in Canada will be undergoing an expansion project following approval from shareholders. The total investment in the plant will CAD 1.41 billion and the project will begin in February ...
European News
Alcan has sold its rolled products circles division. The Division located in Pieve, Italy has been sold to the Spanish, Aliberico Group. The transaction is expected to be completed during the final quart...
Alcan have announced plans to re-organise their global fabrication technology sites. Consequently, the activities of Alcan’s research and development will be aligned more closely with operating business groups, all...
As part of its strategy to concentrate on its core business, carbon steels, Corus is set to offload its 20% stake on Aluminerie Alouette, aluminium smelter in Canada to Alcan. The sale is worth US$165 million in cash as ...
Reliance Steel and Aluminum has agreed to acquire the assets from two of Metals USA’s businesses. The assets of Metals USA are currently under the control of the US Bankruptcy Court.
The businesses affected by t...
Hydro Aluminium and Russian Aluminium producer, Rusal have furthered their existing relationship by entering into a 10+ year agreement. The terms of the agreement cover production and sourcing of high quality extrusion i...
An agreement has been reached by the Boards of Corus Group and Brazilian steel producer CSN, for the merger of the two companies. The merged company will combine the strengths of one of Europe’s market leaders, wit...
Following the development of an all aluminium engine block, the board at Norsk Hydro have approved a major expansion project for VAW Alucast in Dillington. They have already committed 76 million Euros to the expansion wh...
Kobe Steel has entered into an agreement for Titanium Metals Corporation (Timet) to manufacture and market Kobe Steel’s Ti-9 alpha-beta titanium alloy under licence. Under the agreement, Timet will manufacture the ...
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