Rolled aluminum is widely used in industry. Aluminum round pipe is widely used in manufacturing, including healthcare products, machine parts , in the aerospace and food industries. Manufacturers value aluminum for its durability, light weight and aesthetic appearance. With a versatile combination of strength and flexibility, many applications benefit from the efficient use of aluminum pipes.
The acquisition of the Duffel plant is the latest in a series of acquisitions of steel and aluminum assets from GFG Alliance in recent years. In 2016, she acquired the ownership of the Lochaber Steel Works in Scotland. It also acquired Europe's largest aluminum smelter in Dunkirk, France from the Rio Tinto Group last year.
A press release from GFG Alliance notes that the deal is in line with its strategy to create an international vertically integrated aluminum business. In addition, it will help the company to improve its bottom line by significantly saving transportation costs.
The sale will also help Novelis meet the conditions set by the European Union to approve Aleris’s $ 2.6 billion acquisition of Novelis.
The acquired Belgian aluminum smelter has a production capacity of about 240,000 metric tons of semi-finished aluminum products per year.
