Aluminium International Today News

$80M billet plant planned

Published: February 06, 2019 by Nadine Bloxsome

Aluminium manufacturer Matalco has announced plans to build a new $80 million plant in central Wisconsin for the production of aluminium billet.

The company, which currently operates plants in Indiana, Ohio, and Ontario, Canada, said the proposed site in Wisconsin Rapids offered convenient…

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EGA concludes a $6.5bn corporate debt transaction

Published: February 01, 2019 by Nadine Bloxsome

Emirates Global Aluminium has announced the successful completion of a $6.5 billion term loan facility with a group of leading global and regional banks.

The refinancing of EGA’s corporate debt optimises the aluminium giant’s capital structure by reducing the cost of debt, creating more…

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Chalco: Shandong closure

Published: January 31, 2019 by Nadine Bloxsome

According to reports, Aluminum Corp of China , known as Chalco, said late on Wednesday it had stopped production at an aluminium smelting plant in eastern China’s Shandong province, citing high electricity costs.

In a statement to the Shanghai and Hong Kong stock exchanges, Chalco said it…

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Aluminium production at Eurasian Resources Group hits a record high in 2018

Published: January 31, 2019 by Nadine Bloxsome

In 2018, Kazakhstan Aluminium Smelter, an enterprise of Eurasian Resources Group (ERG), boosted aluminium production by 1.4% year on year to 258.4kt (254.9kt in 2017), reaching an all-time high.

The increase in output was due to higher productivity of existing equipment, mainly as a result…

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GLAFRI re-elects President

Published: January 28, 2019 by Nadine Bloxsome

Göksal Güngör has been re-elected as President of the Global Aluminium Foil Roller Initiative (GLAFRI) for a second term. Mr Güngor also serves as General Manager of Assan Alüminyum in Turkey and, before his election in 2018, had served on the board of the organisation as a Vice-President.…

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