Commodity metals manufacturer Alcoa announced Thursday it has reached a deal to acquire Firth Rixson, a maker of aerospace components, in a $2.85 billion acquisition, reports say.
Alcoa is looking to strengthen its operations in higher-margin finished goods, and acquiring the UK firm will redirect its business, according to reports. Firth …read more
The European Commission is reportedly considering imposing import taxes on stainless steel products from China and Taiwan in efforts to protect domestic competition in the market.
The EU authority has already launched an inquiry into the foreign importers to examine whether the companies are dumping their products in the EU at …read more
South Korea’s competition authority has reportedly launched an investigation into manufacturers of bearing parts based in Japan and Germany on suspicion of price manipulation.
According to an unnamed government source, the Fair Trade Commission are probing bearing makers for price collusion, affecting manufacturers within South Korea. An official at the FTC …read more
As speculated earlier this week the UK’s competition and Markets Authority has launched a full investigation into Britain’s energy market amid rising electricity costs and claims of an anticompetitive climate.
According to reports, energy regulator Ofgem announced Thursday that the CMA’s market inquiry will ensure “once and for all” that the …read more