Universal Alloys Corporation To Build in Vietnam The First Aerospace Components Factory (US)

The construction of Vietnam’s first aerospace component factory in Da Nang city begins on March 29. 

The Universal Alloys Corporation ASIA PTE., LTD (UAC) and the People’s Committee of the central city of Da Nang on March 29 started the construction of an aerospace component factory in the city. The Sunshine factory, the first of its kind in Vietnam, has a registered investment of 170 million USD and aims to produce and install aerospace components from aluminum alloys and composite in service of the industry. It will turn out about 4,000 out of the 5 million aircraft components, all for export. The factory is scheduled to achieve an export value of 25 million USD inContinue reading

Arconic To Split Into Two Separate Companies (US)

Aluminum-parts manufacturer Arconic Inc. said it plans to spin off one of its two main business units after rejecting a $10 billion offer for the entire company and abruptly replacing its chief executive. Arconic on Friday didn’t say whether it would aim to divest the aluminum-sheet rolling or aerospace-components unit. The company said smaller businesses that don’t fit into either unit would be sold. “We did not receive a proposal for a full-company transaction Continue reading

Otto Fuchs to acquire a new 30,000 MT closed-die forging press for aircraft landing gear, engine discs and structural parts (US)

Schuler supplies closed-die forging press for the manufacture of aircraft landing gear, engine discs and structural parts, among other things

Otto Fuchs KG, based in Meinerzhagen, manufactures high-quality forged pieces, extruded products and rolled rings for the aerospace, automotive, construction and industrial technology industries worldwide. The products made of aluminum, magnesium, titanium and nickel alloys are used wherever safety, weight, reliability and durability are important. This isContinue reading

Former U.S Navy SEAL officer and Blackwater founder launches fund to invest in electric car battery metals (US)

Erik Prince, the founder of controversial U.S. private security firm Blackwater and an informal campaign adviser to President Donald Trump, is looking to raise as much as $500m to invest in metals used in the batteries that power electric cars.

Blackwater founder Erik Prince aims to raise as much as $500 million to invest in metals needed for making the batteries that power electric vehicles (EVs), the Financial Times reports. Prince, who besides starting the controversial private security company is known for have been an informal campaign adviser to US President Donald Trump, said the fund will bring unexplored deposits into production and then sell them to large miners after four to five years. The fund will focus mainly on cobalt, copper and lithium assets located mainly inContinue reading

Ascoval Saint-Saulve : Altifort a bouclé son offre de reprise (FR)

Altifort a déposé son offre en fin d’après-midi au tribunal de grande instance (TGI) de Strasbourg, a dit son directeur général Bart Gruyaert. La chambre commerciale du TGI statuera mercredi prochain sur le sort d’Ascoval, actuellement en redressement judiciaire. L’offre inclut un concours financier de 25 millions d’euros de l’État, qui était le dernier élément en suspens pour la finaliser, a précisé M. Gruyaert. “Nous avons aussi les accords des autres financeurs“, banques et collectivités, a-t-il ajouté. Le dossier qui sera examiné par le TGI prévoit plus de 400 emploispour Ascoval : le maintien des 281 existants et la création de 133 autres grâce à laContinue reading

Lebronze alloys ou l’art de renforcer sa compétitivité (FR)

Lebronze alloys investit, en moyenne, 20 millions d’euros par an dans ses unités de production.

En dix ans, la PMI s’est muée, à force d’opérations de croissance externe, en une ETI dynamique dans le domaine du travail des métaux. C’est l’un des exemples emblématiques de réussite industrielle de la Marne. Le groupe, un temps candidat à la reprise des Ateliers des Janves, dans les Ardennes, avant de jeter l’éponge, a multiplié ces dernières années, les opérations de croissance externe. Son but ? Atteindre la taille critique nécessaire pour devenir un acteur de poids dans le domaine du travail des métaux. Une stratégie tirée des « leçons de la crise de 2008 », selon sonContinue reading

Chinese vessel collects cobalt samples in the Pacific (US)

Mawei Shipbuilding is constructing a vessel designed by Nautilus Mining and equipped with diggers to trawl the sea (Credit Photo@ Reuters)

A Chinese deep-sea exploration vessel has returned to port in Guangdong after collecting samples of so-called cobalt-bearing crusts during a 138-day survey in the west Pacific, China’s official Xinhua news agency reported on Sunday. Cobalt is used in batteries for electric vehicles, an important industry for China, the world’s largest auto market. Chinese companies are some of the biggest investors in cobalt mining projects in the Democratic Republic of Congo, the world’s biggest producer. The Ocean No. 6 vessel, designed in China, conducted a survey of cobalt-bearing crusts, found on the surface of underwater mountains, in more than 30 areas, Xinhua cited YangContinue reading

Blackstone, Carlyle, Onex, and CPPIB Plan to buy ARCONIC (US)

  • Blackstone, Carlyle Group, Onex Corp., and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic, according to people familiar with the matter.
  • Earlier this month, a Blackstone-led consortium completed the largest leveraged buyout since the crisis, taking over the financial data arm of Thomson Reuters, the parent of Reuters News.
  • Arconic has the potential to rival that deal should the private-equity firms that are seeking to acquire it decide to pay a significant premium. Arconic has a market capitalization of $10.6 billion and total debt of $6.3 billion.

Blackstone, Carlyle Group, Onex Corp., and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic, according to people familiar with the matter. Earlier this month, a Blackstone-led consortium completed the largest leveraged buyout Continue reading

Aubert et Duval s’engage 7 ans de plus avec Framatome et sa «forge de l’excellence» (FR)

C’est un accord en forme de reconnaissance qu’Aubert et Duval a signé, jeudi, avec Framatome au Creusot. Les presses de la forge vont être mise à contribution pour des pièces à très très haute valeur ajoutée.

Le travail des lingots creux n’est pas la seule spécialité de la Forge du Creusot et de Framatome. Une nouvelle preuve en a été apportée ce jeudi en fin d’après-midi, quand Jérôme Fabre, président d’Aubert et Duval a signé un contrat avec David Emond et David Haguet, respectivement directeur en charge des composants et directeur du site du Creusot de Framatome. Un contrat qui, soulignons le avec le sourire, réhabilite le septennat qui a disparu de la constitution de la 5ème République… Un accord de 7 ans qui aura donc été signé le jour du 50ème anniversaire de la Continue reading

VSMPO and Boeing launch new JV in Russia for Aerospace Titanium Forgings (US)

Russia’s VSMPO-Avisma (VSMO.MM), the world’s largest titanium producer, and U.S. planemaker Boeing (BA.N) have launched a new manufacturing unit in Russia’s Urals region of Sverdlovsk, a local governor said on social media on Wednesday. The joint venture (JV) will receive 5.5 billion roubles ($82.3 million) of investment, Evgeny Kuyvashev said.   Russia’s VSMPO-Avisma (VSMO.MM), the world’s largest titanium producer, and U.S. planemaker Boeing (BA.N) have launched a new manufacturing unit in Russia’s Urals region of Sverdlovsk, a local governor said Continue reading