Alcoa Corporation (NYSE: AA) and Alumina Limited (ASX: AWC) have officially announced a significant development in their corporate relationship, signaling a strategic consolidation in the metals sector. Under a binding Scheme Implementation Deed, Alcoa will acquire Alumina Limited through an all-scrip (all-stock) transaction, a move that not only reshapes the landscape of the aluminum industry […]
Novelis Inc., a sustainable aluminum solutions provider, has signed an anchor customer contract with aluminum can manufacturer Ball Corporation, effectively securing all of its beverage can capacity at its upcoming Bay Minette, Alabama, plant. The new facility, set to begin commissioning in 2025, is noteworthy for being the first fully integrated aluminum manufacturing plant to […]
PGT Innovations, a US-based manufacturer of windows, doors, and garage doors, has completed the acquisition of the remaining outstanding 25% ownership interest in Eco Enterprises. Eco Enterprises is a brand of aluminum, impact-resistant windows, and doors, primarily catering to the South Florida region. The company operates manufacturing and glass processing facilities in Miami, Florida. This […]
MMP Industries, a Nagpur-based manufacturer of aluminum powders, aluminum foils, and aluminum conductors, has bagged its first commercial order from Sun Pharmaceutical Industries for the packaging of the pharma company’s products. According to MMP Industries, it had previously won an identical order from another major pharma company. MMP Industries said that through this order from […]
Rio Tinto has agreed to acquire the Platina Scandium Project in New South Wales (NSW), Australia from Platina Resources Limited for $14 million. The high-grade scandium resource is located near Condobolin in central New South Wales. The Platina Scandium Project includes an extremely high-quality, long-life scaled resource that can produce up to 40 tonnes per […]
Aluminum solutions provider Novelis has commenced construction on its $2.5bn aluminum recycling and rolling plant in Bay Minette, Alabama. With a focus on catering to the beverage container market, the aluminum recycling and rolling factory will have 600 kilotonnes of finished aluminum goods capacity per year initially, said the Hindalco Industries subsidiary. Novelis announced plans […]
BM Group of Companies (BM Group) has acquired LE Steel Fabricators, a British Columbia-based custom fabricator of engineered, structural steel, stainless steel, aluminum products, and components. The financial terms of the deal were not disclosed. Established in 1989, LE Steel Fabricators is specialized in the marine industry, and mainly works in conjunction with pile driving […]
Novelis, a fully-owned subsidiary of India-based Hindalco Industries, will construct a $2.5 billion aluminum recycling and rolling plant in Bay Minette, Alabama. Expected to be commissioned from mid-2025 onwards, the new low-carbon rolling and recycling factory will have an initial capacity of 600 kilotonnes of finished aluminum goods per annum. Steve Fisher — Novelis President […]
Novelis, a US-based aluminum solutions provider, has started construction on a $365m aluminum recycling center in Guthrie, Kentucky to cater to the automotive sector in North America. The company, which is a subsidiary of India-based Hindalco Industries, said that the Guthrie aluminum recycling plant will have an annual casting capacity of 240 kt of sheet […]
General Motors (GM) said that it will invest over $51 million for installing equipment at its aluminum die casting foundry in Bedford, Indiana to support the manufacturing of drive unit castings for the future Chevrolet Silverado electric vehicle (EV) and other existing casting applications. According to the American automobile giant, the all-electric Silverado, which will […]