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With an installed capacity of more than 200,000 tons/yr, Teksid's aluminum business produces cylinder blocks and heads, gearboxes and transmission cases for the automotive industry.
said Tuesday they will merge in July 2001 to consolidate and expand the Showa Denko group's aluminum business.
The players will also transform the firm into a pure play in the aluminum business with Algroup and Pechiney spinning off and divesting its other businesses.
Amax had conducted an aluminum business since 1962.
Meyer, which has a strong position m the upscale cookware market through its Analon and Circulon brands, enhances its efforts to build its lower-priced nonstick aluminum business with an already established brand name.
Alcoa and the Saudi Arabian mining company Ma'aden are building an integrated aluminum business in Saudi Arabia, the first in the country
Since the merger with Showa Aluminum Corporation in 2001, SDK has taken various steps to restructure its aluminum business.
She added, ``The simple fact of the matter at the moment is that Corus is not able to sell its UK steel in Europe because the pound is so strong against the euro and when that is combined to the loss of capital from the sale of the aluminum business, this is the result you end up with.
1 to enhance their cooperation in the aluminum business to cover distribution and other areas, the companies said Thursday.
Its electrolytic aluminum business with secured supply of coal and power will have increase in revenue, following the decline in aluminum prices.
Corus has blamed the failure of the sale of its aluminum business and is also struggling with the current strength of the pound against the euro.
John brings a strong knowledge of the aluminum business and shares many of the same Values as we do at Alcoa particularly regarding safety, health and environmental sustainability.
Following an extensive review of its downstream operations, Alcoa has a letter of intent with Orkla ASA's SAPA Group (Sapa) to create a joint venture that would combine its soft alloy extrusion business with Sapa's Profiles extruded aluminum business, with the intention of eventually offering an IPO of the combined entity.
Lynch is the former chairman of a multi-billion dollar aluminum business, which attempted a take-over of giant Reynolds Metals Inc.
HON also completed the sale of the Novar aluminum business for $425 million in February 2006, contributing to its 2006 cash flow and liquidity position.