Last month, the company emerged as the winner in the court supervised auction to acquire the Noranda Aluminum business
. The final bid values the business and related assets to USD 324.2m on a cash and debt free basis (Enterprise Value).
MANAMA: Bahraini sovereign fund Mumtalakat posted a 68.7 percent drop in 2015 net profit on Sunday, as lower metal prices at the state-owned investor's aluminum business
forced it to take impairment losses.
StainlessDelivers.com twitter account will display information on items for the Stainless Aluminum business
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Saudi Arabian Mining Co.'s gold production is expected to rise 30 per cent by 2014 because of the output of two new mines, even as it is set to diversify into aluminum business
slated in 2014 with an initial investment of SAR 40 billion.
The deal is the largest ever for Hart, who bought the Reynolds aluminum business
from Alcoa (AA.N) in 2008 for nearly $3 billion.
(ASX:RIO) said it remains cautious about the short-term outlook for the aluminum market and that cash preservation remains a key priority for its aluminum business
. Rio Tinto Alcan said the long-term story for aluminum remains attractive with annual demand growth expected to be 4%-6% through economic cycles.
The facility, which was acquired by Aleris when it acquired the downstream aluminum business
of Corus plc in 2006, employs 64 people and supplies coated aluminum coil for building and construction, transportation, distribution and consumer durables applications.
Under the "Passion Project" consolidated business plan, which runs from 2006 through 2008, SDK is proceeding with structural reforms of its aluminum business
by expanding high-value product lines, such as aluminum cylinders for laser printers.
What it costs: Aluminum business
card case, $7.50; aluminum pen, $5
A spokesman for Corus said, ``It is just Moody's reflecting what has happened with our aluminum business
. ``What Moody's has said would lead to a positive rating is exactly what we are do-ing.''