News

Aleris appoints new CEO

Stack most recently served as executive vice president and CEO, Aleris North America. With his appointment, Stack was also elected to the Aleris Board of Directors. Scott Graves, Aleris director and managing director and Head of Credit Strategies for Oaktree Capital Management, L.P. has been elected non-executive chairman of the Aleris Board. A fund managed by Oaktree is a majority shareholder of Aleris. Both appointments will take effect immediately.

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Fives: ECL acquisition

ECL will become a new entity within Fives and bring a high level of complementary technical strengths and sales strategies.

Frédéric Sanchez, Chairman of the Executive Board, said: “With the acquisition of ECL, Fives has strengthened its position as number one in the supply of key process equipment used in aluminium production. ECL’s business perfectly complements that of Fives. The combined assets of our two companies will strengthen the quality of our offer to aluminium producers, in particular in the service sector.”

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Aluminum Association welcomes three new member companies

The new member additions come at a time of continued demand growth for aluminium. According to recent preliminary Aluminum Association data, the North American aluminium industry shipped an estimated 25.5 billion pounds of aluminium in 2014, the most since 2006. More recent data shows 3.1% year-over-year demand growth through April 2015. From the 2009 baseline, demand for the metal in the U.S. and Canada has risen by nearly 40%. 

“We’re excited to welcome these new member companies to the Aluminum Association,” said Heidi Brock, President & CEO of the...

Alcoa: Solid Second Quarter 2015

Profitability from Alcoa’s growing aerospace and automotive businesses increased year-over-year as mid and downstream investments delivered positive impact.

In the upstream, the Primary Metals business was resilient in the face of market headwinds and the Alumina business delivered its strongest first half results in eight years. 

Fiona Cincotta, a Senior Market Analyst said: “Alcoa is currently trying to change from an aluminium producer to a company that makes aluminium and titanium parts for cars and planes and when the results are analysed it is easy...

Rio Tinto’s Kitimat smelter begins production

The modernised smelter, which was delivered in line with the revised schedule and budget, is powered exclusively by Rio Tinto's wholly owned hydro power facility and uses the company's proprietary AP40 smelting technology which will effectively halve the smelter's overall emissions.

Aluminium chief executive Alf Barrios said "The modernisation of Kitimat will fundamentally transform its performance, moving it from the fourth quartile to the first decile of the industry cost curve. At full production, Kitimat will be one of the most efficient, greenest and...

Garmco and Fives to launch re-melt expansion project

The Re-melt Project is an Engineering, Procurement & Construction (EPC) Turn-Key project, which will enable GARMCO to develop its metal recycling capability and lower the cost of metal casting. The project will run for a duration of approximately 21 months, starting September 2015. The first stage has already commenced and is being managed internally by GARMCO with the support of a local supplier. This stage consists of the construction of a scrap storage area and segregation unit. The new project, once complete, will enable GARMCO to produce 120,000 tonnes of aluminium slabs....

Rio 2016 Olympic torch made from recycled aluminium

The torch is crafted from recycled aluminium and resin with a stain finish and has different segments which expand when the Olympic flame is passed from one torch bearer to another. These segments represent the soil, sea, mountains, sky and sun and are coloured according to the Brazilian flag – green, yellow, blue and white. 

Organisers said lightweight materials were used to improve the experience of the torchbearers,...