GFG Alliance

The GFG Alliance has received planning permission from Highland Council for a new alloy wheel factory next to the Liberty British Aluminium smelter in Fort William, Scotland. The £120 million investment will create 400 jobs and produce up to two million wheels per year, with production beginning in early 2020.

Liberty House, part of GFG Alliance, made a binding offer worth $500 million to acquire Rio Tinto's aluminium smelter in Dunkirk, France, with plans to invest €2 billion and build an auto components factory.

GFG Alliance announced a $1 billion upgrade of the Whyalla steelworks in South Australia to increase capacity by 50% to 1.5 million tonnes per annum. The plan includes new technology, a co-generation plant, and modernized equipment, subject to feasibility study in 2018 and additional government support.

Liberty House, part of GFG Alliance, completed the purchase of the Georgetown steelworks in South Carolina from ArcelorMittal. The plant includes a 540,000-tonne electric arc furnace and 680,000-tonne rod mill, and is planned to restart in Spring 2018.

GFG Alliance signed a binding agreement to acquire Arrium, an integrated Australian mining and steel business, including iron ore operations, Whyalla Steelworks, and OneSteel businesses.

GFG Alliance completed the acquisition of Arrium, an Australian integrated mining, recycling, steel manufacturing and steel distribution business, on 31 August 2017.

GFG Alliance, led by Sanjeev Gupta, plans to invest over $1 billion in the short-to-medium term to expand the Whyalla steelworks in South Australia, increasing capacity from 1 million tonnes to at least 1.5 million tonnes, with long-term potential for 5-10 million tonnes.

GFG Alliance signed a binding agreement to acquire Arrium, the integrated Australian mining and steel business, out of administration, securing jobs of over 5,500 Australian workers and including iron ore mining, Whyalla Steelworks, OneSteel, and Australian Tube Mills.

GFG Alliance member companies SIMEC and Liberty House agreed to purchase a hydro-power and aluminium smelting operation at Lochaber in the Scottish Highlands from Rio Tinto Aluminium for £330 million. The deal includes hydro plants at Lochaber and Kinlochleven, a Lochaber aluminium smelter, and a 100,000-acre estate.

GFG Alliance companies SIMEC and Liberty House agreed to buy Rio Tinto Aluminium's Lochaber hydro power plant and aluminium smelter in Scotland for £330 million. The deal secures over 150 jobs and is expected to complete in four weeks.