Rusal is to amass the enterprise and belongings of Aluminium Rheinfelden out of insolvency.
Aluminium Rheinfelden is a German producer of aluminium alloys, semis and carbon-based elements and a provider to the worldwide automotive business.
“Aluminium Rheinfelden’s observe report of innovation and R&D, mixed with its technical experience [the company owns over 70 patents] and deep connections into the automotive sector, will assist reinforce Rusal’s place because the provider of option to its worldwide community of automotive clients,” stated a Rusal assertion.
“The transaction is anticipated to ship sturdy industrial synergies by matching Aluminium Rheinfelden’s excessive finish, area of interest product focus with Rusal’s international scale low-carbon aluminium alloy manufacturing.
“As a part of its long run development technique, Rusal intends to rebuild the Aluminium Rheinfelden companies and restore nearly all of present roles, unlocking the potential of its R&D platform to ship a brand new technology of sustainable aluminium options that may be produced on an industrial degree together with Rusal’s smelters. The corporate goals to develop Aluminium Rheinfelden’s alloys manufacturing again to 30kt of output on an annual foundation.”
The takeover is topic to approval by the German Federal Ministry for Financial Affairs and Vitality and the German Federal Cartel Workplace.
