Industry News

ALMAC and AR Aluminum scale up extrusion capabilities with $7.5M additional investment

Views : 363
Update time : 2025-05-22 18:12:44
In a strategic move to strengthen its footprint in the automotive aluminium sector, ALMAC announced on Wednesday, May 21 that it has invested an additional $7.5 million (approximately 10.4 billion won) in AR Aluminum through a shareholder rights offering. This marks the second round of equity investment, bringing ALMAC’s total commitment to the venture to $10 million.

EA IAL Aluminum, a joint venture formed by ALMAC and a US manufacturer, focuses on producing billets and extruded aluminium products for high-performance automotive applications.

This latest injection of capital underscores ALMAC’s long-term vision to dominate the lightweight metals arena. The company emphasised that the move builds on a foundational investment agreement signed in 2023.

Adding to its industrial momentum, AR Aluminum has commenced operations of the nation’s largest 9,000-ton super-large extruder at its Sacheon facility in South Gyeongsang Province—an engineering milestone poised to ramp up production scale and capability.

Related News
Read More >>
South Africa’s coal exports rise on improved rail performance South Africa’s coal exports rise on improved rail performance
Jan .30.2026
South Africa’s coal exports rise on improved rail performance
Ukrainian industry to drive postwar recovery Ukrainian industry to drive postwar recovery
Jan .30.2026
Ukrainian industry to drive postwar recovery
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Jan .30.2026
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar
Jan .30.2026
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar