federation of aluminium consumers in europe
07/05/2019
Aluminij Mostar – Bosnia’s sole aluminium smelter – is facing imminent closure in the coming days as the company failed to reach a deal with the regional government on favourable energy prices. British-Swiss miner and commodity trader Glencore and UAE’s aluminium leader Emirates Global Aluminium have expressed their […]
06/26/2019
Russia’s Rusal – the world’s largest producer of aluminium outside China and a major supplier of the light metal to European manufacturers – achieved Aluminium Stewardship Initiative’s (ASI) certifications for a bauxite mine, an alumina refinery and an aluminium smelting operation – including semi-fabrication activities. The achievement brings Rusal […]
06/21/2019
SKTB Aluminium – a French downstream aluminium producer – went into administration earlier this month after the local commercial court declared the company insolvent. The closure of SKTB’s factory in Gorcy in north-eastern France followed a failed last-minute attempt to secure a takeover by the British metals company Liberty […]
06/11/2019
Building envelope contractor FK Group acquired architectural aluminium manufacturer Premo Fabrications. The deal took place in the context of FK Group’s strong annual revenues and its strategy to enhance its offsite capability and sustainability within its supply chain. While FK Group did not disclose the sum it paid […]
06/03/2019
Slovenian aluminium products maker Impol signed a €40 million deal with German car manufacturer BMW to become its direct supplier of aluminium rods for the bodyworks of new electric and plug-in hybrid vehicles for an initial period of five years. To meet the demand, Impol will build a […]
05/17/2019
Quebec’s family-run STAS – a high-technology equipment supplier – acquired SERMAS Industrie – a French company specialised in the sawing of large materials for the aluminium industry. The companies did not disclose financial details about the deal. Through its acquisition of SERMAS Industrie, STAS is seeking to become […]
05/13/2019
Hilde Merete Aasheim assumed her position as Hydro’s new President and CEO and introduced several changes in the company’s corporate management board. The new CEO will lead a refreshed leadership team focusing on increasing Hydro’s profitability and expanding company’s sustainability credentials. Ascending to her leadership position, Aasheim named […]
05/10/2019
Slovenian aluminium products manufacturer Impol launched a 6.5 million euro production line at its subsidiary TLM in the coastal town of Šibenik in Croatia. The new line will produce aluminium sheets for the automotive and aerospace industries. With the new facility, Impol is seeking to consolidate its position […]
04/18/2019
The American multinational company Alcoa Corporation released yesterday first quarter results, reporting a net loss of $199 million. The loss includes the impact of $156 million for special items, stemming from the planned closure of its two smelters in Spain. In January, Alcoa reached a collective agreement with […]