AA Metals Inc., a Florida-headquartered aluminum distributor, purchased a dormant aluminum plant in Williamsport, Pa., with plans to reopen and hire 100 employees. The facility will be the company’s first U.S.-based manufacturing operation and will operate 24 hours a day, seven days a week. The former JW Aluminum plant closed in January 2021 due to the COVID-19 pandemic. The new business, which will be named Chance Aluminum, will focus on production of aluminum foil and coil and will serve as the domestic supplier of AA Metals.
KPS Capital Partners (KPS) signed a definitive agreement to acquire the global aluminum rolling business (Rolling) from Norsk Hydro ASA for approximately $1.67 billion. The transaction is expected to be complete by the middle of the year. Rolling is one of the largest global manufacturers of aluminum rolled products and serves customers across markets including automotive, beverage can, foil packaging and construction. Its assets include seven manufacturing facilities and one research-and-development center across Germany and Norway. The acquired facilities include Alunorf, the world’s largest aluminum rolling mill according to Norsk Hydro, and Grevenbroich, the world’s largest rolled aluminum finishing mill according to Norsk Hydro.
The Aluminum Association released a series of policy documents laying out priorities to support a strong U.S. aluminum industry. “Presidential Policy Brief: Recommendations for a Strong U.S. Aluminum Industry” includes several recommendations for the Biden administration and Congress to support a growing and vibrant aluminum sector in the United States. An addendum to the industry’s overarching Aluminum Agenda released in 2019, the brief includes key policy goals in the areas of the energy, environment, infrastructure, recycling and trade.
Kaiser Aluminum Corp. entered into a definitive agreement to purchase Alcoa Warrick LLC, containing all the assets of the Warrick Rolling Mill, from Alcoa Corp. for a purchase price of $670 million. Alcoa will retain ownership of the related smelting assets, power plant and land. As part of the transaction, Kaiser Aluminum will enter into a market-based molten aluminum supply agreement. The Warrick facility includes casting, significant hot- and cold-rolling capacity, and a range of finishing and coating lines. Warrick, which is located near Evansville, Ind., has shipped over 675 million pounds of aluminum in the last 12 months.
Aluminum Association President and CEO Tom Dobbins issued the following statement in response to the announcement by the Office of the U.S. Trade Representative (USTR) removing recently reimplemented tariffs on imports of unwrought, or P1020, aluminum from Canada into the United States. The decision was made after “the United States … determined that trade in non-alloyed, unwrought aluminum is likely to normalize in the last four months of 2020, with imports declining sharply from the surges experienced earlier in the year,” consistent with industry expectations.
Arconic Corp. launched as a provider of advanced aluminum sheet, plate, extruded and architectural products that primarily advance the ground transportation, aerospace, industrial, packaging and commercial building markets. The separation of Arconic Inc. into two stand-alone companies – Arconic Corp. and Howmet Aerospace Inc. (the new name for Arconic Inc.) – took effect April 1, 2020, through a pro rata distribution by Arconic Inc. of 100% of the outstanding shares of the newly formed Arconic Corp.
Novelis Inc. broke ground on a $36 million investment to expand and upgrade recycling capacity at its Greensboro, Ga., facility. The project includes adding state-of-the-art equipment for aluminum scrap recycling, a new baghouse for improved dust mitigation and enhanced designs for safer and more efficient traffic flow. The company expects to complete the project by fall 2021. The investment will expand the company’s capabilities in automotive closed-loop recycling, a process to take aluminum scrap created during stamping and recycle it for new vehicle production. Closing the loop preserves the value of the alloy, reduces cost, minimizes environmental impact and establishes a secure supply chain.
Pyrotek Inc. is scheduled to complete construction of a new manufacturing facility in Dubai, United Arab Emirates, in November to serve and supply the rapidly growing aluminum smelting operations of the region. The first phase of construction will provide 66,000 square feet of floor space, and there is enough land at the site to allow for an eventual doubling of the plant footprint. Spokane, Wash.-based Pyrotek is scheduled to occupy the facility in January 2020.
Novelis Inc. announced that the European Commission has approved its proposed acquisition of Aleris Corp. The approval is conditioned upon the sale of Aleris' plant in Duffel, Belgium, which produces aluminum for the automotive and specialties markets. Novelis is working to market the plant to potential buyers. With this conditional approval in the European Union, as well as a clear path forward for approval in the U.S., the Atlanta-based company continues to work closely with the Chinese State Administration for Market Regulation (SAMR) to receive its approval. According to Novelis, the transaction will strengthen its ability to compete against steel in the automotive market, meet growing customer demand for aluminum and achieve its recycling goals.