Rio Tinto and Giampaolo Group form Matalco aluminium recycling joint venture
Rio Tinto will acquire a 50% equity stake in Giampaolo Group's Matalco business for $700 million, forming a joint venture to manufacture and market recycled aluminium products. Matalco operates seven facilities in the US and Canada with 900,000 tonnes per annum capacity.
Capacity
900,000 tonnes per annum
Productsrecycled aluminium billet and slab
“The joint venture will enable Rio Tinto to provide a broader range of high-quality and low-carbon, primary, recycled, and blended aluminium products, at a time when customers are looking for solutions to lower their carbon footprint.”riotinto.com
- 5 sources
- riotinto.comRio Tinto and Giampaolo Group enter into Matalco aluminium recycling joint venture | GlobalJul 21, 2023
- stocks.observer-reporter.comRio Tinto and Giampaolo Group enter into Matalco aluminium recycling joint ventureRio TintoJul 21, 2023
- scrapmonster.comRio Tinto, Giampaolo Group Signed Agreement on Aluminum Recycling Joint Venture - 2023-07-25 | ScrapMonsterPaul PloumisJul 25, 2023
- lightmetalage.comRio Tinto and Giampaolo Group Enter into Matalco Aluminum Recycling Joint Venture - Light Metal Age MagazineAndrea SvendsenJul 25, 2023
Summarized from public sources; check the original articles before acting on it.
ENDATA