Rusal acquires German aluminium producer
(Posted on 17/02/21)
Rusal a leading global aluminium producer, has announced that it has agreed to acquire the business and assets of the Aluminium Rheinfelden GmbH out of insolvency.
Aluminium Rheinfelden is one of Germany’s leading manufacturers of aluminium alloys, semis and carbon-based components and a major supplier to the global automotive industry. Aluminium Rheinfelden’s track record of innovation and R&D, combined with its technical expertise (the company owns over 70 patents) and deep connections into the automotive sector, will help reinforce Rusal’s position as the supplier of choice to its international network of automotive customers. The transaction is expected to deliver strong commercial synergies by matching Aluminium Rheinfelden’s high end, niche product focus with RUSAL’s global scale low-carbon aluminium alloy production.
As part of its long term growth strategy, RUSAL intends to rebuild the Aluminium Rheinfelden businesses and restore the majority of existing roles, unlocking the potential of its R&D platform to deliver a new generation of sustainable aluminium solutions that can be produced on an industrial level in combination with Rusal’s smelters. The Company aims to grow Aluminium Rheinfelden’s alloys production back to 30kt of output on an annual basis.
The takeover is subject to approval by the German Federal Ministry for Economic Affairs and Energy and the German Federal Cartel Office.
Rusal is a leader of the global aluminium industry. In 2020, the Company accounted for about 5.8% of global production of aluminium and 6.5% of alumina production.
Latest News
Rio Tinto reaches four billion tonnes of iron ore shipped to China
(Posted on 22/07/24)Rio Tinto has celebrates the shipment of four billion tonnes of iron ore from the Pilbara in Western... Read more
Africa’s opportunity to build sustainable logistics networks across mining sector
(Posted on 18/07/24)Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more
Conditions on Simandou iron ore investment now satisfied
(Posted on 16/07/24)All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more
ADM offers segregated, traceable soybean meal to European customers
(Posted on 12/07/24)ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more
Rio Tinto to install carbon free aluminium smelting cells
(Posted on 04/07/24)Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more
Moonbound appoints ASL for long-term South African lithium logistics project
(Posted on 28/06/24)Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more
ADM and Bayer collaboration help farmers achieve lower carbon emissions
(Posted on 19/06/24)ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more
