Companies specializing in aluminum extruded products focus on shaping aluminum into various profiles for applications in construction, automotive, and consumer goods. Industry leaders like Bonnell Aluminium, Banco Aluminium Ltd are known for their expertise in producing aluminum extrusions with intricate shapes and precise dimensions, catering to the diverse needs of their clients.
Aluminum Extruded Products Market
May 2023- Pittsburgh-based Arconic Corp. has recently announced that it has officially acquired affiliates of New York-based Apollo Global Management Inc. The agreement was performed in an all-cash deal that values the Arconic at nearly USD 5.2 billion. Arconic, which makes aluminum sheets, plates, extrusions, and products, completed its spinofffrom Alcoa in early 2020. The tracks companywide scrap utilization rates across all its product lines, including at its Global Rolled Products (GRP) facility in Alcoa, Tennessee, which the firm says is one of the largest used beverages can (UBC) recycling facilities in North America. At the GRP plant, the company consumes UBCs as well as what it calls Class 1 and 3 scrap from can sheet customers. Arconic joins Japan-based portfolio company Showa Aluminum Can Corp. within the Apollo Group. An Apollo Group list of strategic investments it is considering includes upgrades to "key machine centers" to boost production, technology innovations to get the firm's facilities and process controls, and investments in projects that will "offer for a cleaner environment in the communities in which the company operates." In the first quarter of this year, Arconic recorded sales of USD1.9 billion, down 12 percent year over year, tied in part to the divestment of operations in Russia. The firm's net income of USD25 million in this year's first quarter also was down from USD42 million in the first quarter of 2022. The Apollo transaction is expected to close in the second half of this year, subject to closing conditions, approval by Arconic shareholders, and regulatory approvals. The transaction includes a minority investment from funds managed by affiliates of New York-based Irenic Capital Management.
The market is witnessing the prominence of the following global companies:
Aluminum Extruded Products Market Highlights:
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