Home > News > Germany

Trimet completes purchase of Rio Tinto plants

Tuesday, Dec 17, 2013

Trimet Aluminum AG has taken control of two former Rio Tinto Alcan Inc. production plants in France.

The Essen, Germany-based aluminum producer said Dec. 16 that the move came after it received regulatory approval for a deal signed in July.

The plants—in Saint-Jean-de-Maurienne and Castelsarrasin, France—make aluminum products used in the power transmission and automotive sectors, Trimet said.

The acquisition should give Trimet a presence in the aluminum wire market and boost its core business of supplying specialty products, chief executive officer Martin Iffert said.

Iffert is expected to become chief executive officer of Trimet France SAS, which is majority owned by Trimet and in which Paris-based Electricité de France SA (EDF) holds a minority stake, the company said.

Montreal-based Rio Tinto Alcan announced plans to dispose of the operations a year ago. The company has since confirmed that it is reorganizing its commercial businesses in the Americas and Europe, which sources have said comes in part because divestitures in both regions have left the company with a smaller footprint and fewer pounds of metal to sell.

Besides the sale of its French operations, Rio Tinto Alcan also has sold a smelter in Sebree, Ky., to Chicago-based Century Aluminum Co. and decided to halt work on a multibillion-dollar smelter project in Paraguay.

Recommended exhibitions

Japan Metal Stamping Technology Exhibition 2014
The exhibition suggests a total solution for designing, manufacturing and production focus on introduction examples, me......
2014 Shanghai International Metal Packaging and Can Making I
Venue: Shanghai World Expo Exhibition & Convention Center Organizer: China Metal Packaging Association Shanghai Packagi......
International Green Building Expo-China 2013
Venue: Poly World Trade Expo Center Sponsors Guangdong Building Energy Conservation Association Guangzhou Association o......
Canadian International Aluminium Conference
Palais des congrès de Montréal, Canada
The Aluminium Association of Canada
Conference pr......