On July 26, 2018, Novelis, a subsidiary of Hindu-stan Aluminium Company (Hindalco) of India ’s Birla Group, acquired Aleris Aluminum of the United States The company (Aleris) has become the world's largest enterprise of universal flat rolled aluminum products (FRPs). (Note: The term "universal flat rolled aluminum products" refers to all plates, strips, and foils. Strictly speaking, Novelis Aluminum is not versatile because some special products are not yet produced, not technical. The reason is that there is no such large equipment, such as> 4200mm thick plate rolling mill and supporting equipment, large passenger aircraft wing carbon fiber reinforced thick plate pre-stretching machine and related supporting equipment.)
The purchase price is about US $ 2.6 billion, including the debt that should be assumed. Novelis Aluminum Company used to produce only general-purpose aluminum strips, while Aleris Aluminum's main products are aerospace and military products. The combination of them this time is a natural fit. In addition, it is more convenient to operate. For example, Novelis Aluminum has an ABS strip heat treatment plant in Changzhou, Jiangsu, and Aleris Aluminum has a hot rolling plant in Zhenjiang, Jiangsu. One has only downstream business and the other only has upstream business. After the merger can be better developed.
Novelis Aluminum Corporation is headquartered in Atlanta, Georgia, USA, and the headquarters of the company remains here after the merger.
Company Profile
Novelis
Novelis Inc. is the global leader in aluminum rolled products and the world's largest scrap aluminum recycling and recycling company. In 2018, it has production companies in 10 countries in the world. It has 11,000 employees in fiscal 2018. Operating income was 1.74 billion US dollars. The production enterprises are located in: Brea, Kentucky, North America, Fairmont, West Virginia, Geensboro, Georgia, Kingston, Angelo , Kentucky (JV) Logan, Oswego, New York, Terre Haute, Indiana, Warren, Ohio; Pidamon Anga, Brazil, South America Pakistan (Pindamonhangaba), Brazil's Sant Andre (Sant Andre).
There are 10 factories in Europe, 37.5% more than the number of companies in the United States. It is the largest company in the continent. The locations are as follows: Bresso in Italy, Creek in the United States, and Gotingen in Germany. ), Britain ’s Latchford, Germany ’s Ludenscheid, Germany ’s Nachterstedt, Germany ’s Neuss (JV), Germany Ohle, Pieve in Italy, and Sierre in Switzerland.
There are 4 companies in Asia: Binh Doung in Vietnam, Changzhou in China, Ulsan (JV) in South Korea, and Yeangju in South Korea.
In the past two years, Novelis Aluminum has made several major investments. First, it invested US $ 300M to build an ABS (automotive body sheet) strip factory in Guthrie, Kentucky. It started construction in 2017 and covers an area of 37,160m2. With a capacity of 200kt / a, 125 jobs can be added after production is reached, and it is planned to start production in 2020.
On May 23, 2017, the company announced that it will invest 180 million US dollars to double the ABS strip production capacity of its factory in Changzhou, China, that is, to 200 kt / a, and to build 3 fully continuous automated production lines: 1 air cushion Furnace annealing line, 1 slitting line, 1 packaging line, plans to put into production in 2020, after the production will increase 160 full-time workers. The company was put into production in 2014, with an ABS production capacity of 100kt / a. The products are mainly for export and are used to manufacture traditional cars and electric car bodies.
Novelis Aluminum was acquired by Hindustan Aluminum Corporation of India for US $ 6 billion in August 2007, and it invested another US $ 2 billion from 2008 to 2018 to renovate and expand the cans and automobile segments, thus becoming this field. The biggest and the leader.
Aleris Aluminum
Aleris Aluminum is a privately held company and one of the world's flat rolled aluminum products companies. It has an annual operating income of approximately US $ 3 billion and employs 5,400 people. It is headquartered in Cleveland, Ohio. There are 13 factories in Asia.
In April 2013, Aleris Aluminum Corporation of China Zhenjiang Aluminum Corporation put into production, there is a 4200mm4 roll reversible hot roughing mill, it can be said that Zhenjiang Strip Plant is a replica of the Koblenz rolling mill in Germany, leading The product is a high value-added aluminum alloy thick plate for aerospace and other industries. It has a series of world-leading equipment such as a roller hearth solution treatment furnace and a large pre-stretching machine. As of December 2018, the cumulative shipment of Aleris Zhenjiang Aviation's aluminum alloy thick plates has exceeded 40kt, and the delivery volume in 2019 is expected to reach 24kt. At present, the company has passed the OEM (original equipment manufacturer) certification of Chinese Commercial Aircraft Corporation, European Airbus, American Boeing Aircraft Corporation, Canadian Bombardier Corporation, etc., which is unique in China and even Asia.
Aleris Zhenjiang is the first batch of suppliers of domestically produced plates for the C919 large aircraft, and won the honorary titles such as COMAC's "Advanced Group for the First Flight of the C919 Large Passenger Plane" and the "2018 Silver Award for Excellent Supplier". The company began to expand the wing panel deep processing project in early 2028, mainly equipped with a 15MN ultra-long aluminum plate machining center, which is the first in China, and completed the first batch of formal wing panel orders in May 2019. Ship. This project is mainly used for processing large aircraft parts with extra-long and extra-wide widths, such as wing panels and wing beams. Its core equipment is a 45m-long high-speed automatic Yumen dual-spindle five-axis machining center. The first batch of deep-processed parts to be officially shipped is 24 pieces of lower wall panel parts, which are from the A320 Airbus aircraft. They are first sent to the Korean processing plant to complete subsequent processing. By December 2019, approximately 900 wing panel parts can be delivered by 2020 More than 2000 pieces can be delivered.
Aleris Aluminum is also one of the world's leading manufacturers of aviation-grade aluminum alloy sheets and automotive sheet metal strips. Its Koblenz Rolling Plant in Germany and Zhenjiang Rolling Plant in China are its main production enterprises. The former has a 4064mm4 roller Reversible hot rolling mill and one 3760mm irreversible cold rolling mill are among the world's 8 cold rolling mills with a width of 3500mmr. China Aleris Zhenjiang Aluminum Co., Ltd. also has a 4 roll 4064mm reversible hot rolling mill.
Aleris Aluminum ’s shipments by region in the first half of 2018 are as follows (kt):
North America 259.8
Europe 172.7
Asia 14.9
Alili Aluminum Company's distribution by product in each region:
Automobile strip production enterprises: Europe Belgium Duffel (Duffel) Aluminum Co., Ltd., Europe Germany Voerde Aluminum Co., Ltd., Lewisport (Lewisport).
Aerospace strip manufacturing enterprise: Europe Germany Koblenz Aluminum Co., Ltd., and the acquisition of the plant by Novelis Aluminum Co., Ltd. marked the company's entry into the field of aerospace high-end aluminum strip production. The plant has a perfect R & D center.
China Zhenjiang Aluminum Industry Co., Ltd., a new aerospace aluminum alloy strip factory, has formed a complete industrial chain from rolling to deep processing of aircraft parts.
Continuous casting (building-structure and recycling): There are 7 such enterprises, all in the United States. Casting extrusion and round ingots are all sold to the market. The seven factories are located in: Ashville, Buchanha Buckhannon, Clayton, Davenport, Lincolnshire, Richmond, Uhrichsville.
In recent years, Aleris Aluminum has invested approximately US $ 900 million to renovate and expand the aerospace and electric new energy vehicle strip system, and its production capacity will be gradually demonstrated in the future.
New company development after merger
Novelis Aluminum Corporation's acquisition of Aleris Aluminum Corporation still operates and produces in the name of Novelis Aluminum Corporation, and its headquarters is still in Atlanta. Its parent company, Hindustan Aluminum Corporation also has The relationship between the management and the individual is still under the leadership of the Bora Group. New Novelis Aluminum has a total of 27 factories in 11 countries and employs 16,500 people. Its sales revenue in 2018 exceeded 15 billion US dollars. There is no primary aluminum factory, but there are 8 recycled aluminum factories / production lines. It is an all-round flat-rolled aluminum product company and the largest in the world, with a total production capacity of about 3870kt / a (of which Nobelis 3300kt / a and Aleris Aluminum 570kt / a).
If the Hindustan Aluminum Company's 282kt / a production capacity is added, a total of 4152kt / a flat rolled aluminum product capacity will become the world's largest aluminum flat rolled enterprise, but it is not yet a versatile gadolinium company because it cannot produce The extra-large LNG (liquefied natural gas) transport tank slabs cannot produce large passenger wing composite slabs. The former cannot be produced because there is no wide hot roughing mill, and the latter cannot be produced because there is no pre-stretching machine with large tensile force. At present, only Okoning of the United States can produce these special plates. Hindustan Aluminium Company of India has five aluminum sheet and strip rolling mills in China and is the largest producer in India.
The company's next development direction and route are:
Focus on the development of aerospace, all-aluminum cans, automobiles, building-structures, transportation and special aluminum sheets and strips, making them the company's leading products and forming a perfect industrial chain.
Strengthen the work of two R & D centers, one is the Koblenz Research Center of the former Aleris Aluminum Company, and the other is the Kennesaw R & D Center of Novelis Aluminum Company in the US In terms of equipment and talents, we can learn from each other's strengths and weaken each other, and adjust each other to play a greater role. The Koblenz Research Center has a history of more than 50 years, a large number of talents, and rich experience, especially in the research and development of high-end aerospace aluminum alloy materials.
Integrate and adjust the layout of the Asian industry, appropriately adjust the product direction and development of the Korean and Chinese factories, and form a more efficient industrial chain, making the Zhenjiang plant a versatile aerospace aluminum plate and strip base, and Changzhou as an automotive ABS supply base. Shipped from South Korea, the construction of additional cold-rolling projects at the Zhenjiang plant has not yet been finalized, which may depend on market conditions, but there is no doubt that the Zhenjiang plant will continue to be expanded to increase production and enhance market competitiveness in order to enter Shanghai Futures Exchange (SHFE).
The aluminum industry in India is similar to that of the Chinese aluminum industry in the 1980s, and it is in the early stage of rapid development. The compound growth rate in the next 20 years can reach double digits. In 2018, Hindustan Aluminum Co., Ltd. flat rolled aluminum products. The production capacity is less than 300kt / a, and the production capacity in 2035 may reach 1500kt / a, because of the full help of Novelis Aluminum. At present, India does not yet have an aerospace aluminum production base that meets the standards. With the coordination of the head office and the support of Novelis Aluminum Corporation, Hindustan Aluminum Corporation may begin construction of Zhongli Zhenjiang Aluminum after 2025 Aviation aluminum strip companies like industrial companies.
In order to improve the market competitiveness and position of the Hindustan Aluminum Company in the construction-structure (B & C) aluminum market, and the value added products (VAP, Value Adeed Products), Novelis Aluminum Company will Swell Aluminium Company is a model to help Indian aluminum extrusion enterprises to establish a complete industrial chain of aluminum material-use-scrap recycling-aluminum material. Ulissville Aluminium Company of the United States is a building-structure aluminum extrusion plant of Aleris Aluminum, and its used scrap aluminum content is> 85%.
In order not to lose to steel in the competition with automotive materials, the new company will form a larger production, R & D innovation and service platform. In the production, R & D and sales of automotive strips, overall planning will be resumed to consolidate the global leading position.
In 2018, the Hindustan Aluminum Company included the following major sectors: the Indian sector, the former Novelis Aluminum Company, and the former Alili Aluminum Company. The production capacity of flat rolled aluminum products is 4152kt / a. The production capacity can reach 5300kt / a.