Alcoa announced it has agreed with ORKLA ASA to exchange their stakes in a Norwegian smelting partnership and a Swedish extrusion joint venture in order to focus on their respective areas of expertise and best practices. Alcoa will receive Orkla’s 50 percent stake in Elkem Aluminum ANS while Orkla will receive Alcoa’s 45 percent stake [...]
Rio Tinto Alcan is revising its participation from an equity partner in the integrated aluminum “mine-to-metal” project in Saudi Arabia to the role of working with Saudi Arabian Mining Company (Ma’aden) towards project development through a smelter technology transfer agreement and a cooperation agreement.
“Going forward, our partnership will be one of cooperation rather than one [...]
Noranda Aluminum Holding Corporation today announced a company-wide workforce and business process restructuring that will reduce Noranda’s operating costs, conserve liquidity and improve operating efficiencies. This restructuring is expected to generate cash cost savings and operating efficiencies through the work force reduction of approximately $23 million annually.
“Noranda remains committed to its strategy to improve productivity [...]
Thresher Industries, Inc. announce that the Company is expanding its sales and marketing initiative to increase its clientele throughout the United States. The Company is seeking sales representatives to promote its products and introduce its service to a variety of new clients across several vertical markets. The Company is launching its new initiative to stimulate [...]
Aleris International, Inc. announced today that it will be permanently closing its Tipton, Indiana specification alloys facility, effective today. As previously announced, production at this facility was idled on March 30, 2008.
Prior to idling production, the facility employed approximately 55 people. Production has been transferred to other Aleris facilities in North America. Aleris will continue [...]
On account of reduced demand and uncertain market prospects, BE Group is implementing a cost saving programme. The aim is to reduce total annual costs by approximately SEK 100 million over a two-year period.
The number of employees is expected to be reduced by around 120 and the reduction will be implemented primarily in Sweden, Finland, [...]
Aleris International, Inc. announced today that it will be idling one of the coil coating lines at its Roxboro, North Carolina facility effective December 1, 2008.
The Roxboro coil coating facility supplies coated aluminum coil for building and construction, transportation, distribution and consumer durables applications. This action will affect 45 salaried and hourly employees at the [...]
Alcoa announced that it is featuring numerous examples of how green buildings start with Alcoa aluminum at the Greenbuild International Conference and Expo, which starts today in Boston. The Alcoa booth (#126) provides an overview of the many aluminum products that help the building and construction industry make strides in reducing energy consumption and emissions [...]
Aleris International, Inc. announced that it will be fully idling production at its Richmond, Virginia rolling mill due to the continuing downturn in the North American building and construction industry. Earlier this year, Aleris announced that it idled all production for third parties at the Richmond site and that all remaining production would be used [...]
Alcoa announced that Alcoa Chairman Alain Belda was honored by the Asia Society this week for his environmental leadership, including Alcoa’s progress to reduce GHG emissions and address global warming.
In accepting the award, Mr. Belda said, “At Alcoa, we see global warming as the sustainability issue of our generation. To me, it is critical that [...]
