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Corporation
HEALTHCARE | Medical Facilities & Services
aleris.se

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Founded Year

2005

Stage

Acq - Fin - II | Alive

Valuation

$0000 

Revenue

$0000 

About Aleris

Aleris provides specialty care, healthcare and diagnostics with a strong footprint across Scandinavia with high medical quality, customer satisfaction and strong offerings. The company's specialist care operations cover hospitals, outpatient clinics, radiology and labs.

Aleris Headquarter Location

Katrinebergsbacken 35A

Stockholm, 117 61,

Sweden

Latest Aleris News

July steel output drops from previous month

Aug 26, 2021

Photo courtesy of ArcelorMittal. July steel output drops from previous month World Steel Association says output this July in China fell by more than 7 million tons compared with June, causing global falloff. Figures collected by the Brussels-based World Steel Association (Worldsteel) show global steel output of 161.7 million metric tons this July 2021 represented a 5.8 million-metric-ton drop compared with the previous month. Contrary to the prevailing trend the previous two decades, output in China declined in July while production in the rest of the world increased in aggregate. Worldsteel shows China with a July production figure of 86.8 million metric tons, down by more than 7 million tons from a June figure of 93.9 million metric tons. A government effort to reduce carbon emissions has been cited as the predominant reason for the steelmaking decline in China. Economists also are keen to determine whether a retreat from the massive infrastructure spending and apartment tower building of the previous two decades may also be contributing to a steel slowdown. In much of the rest of the world, as economies continue to rebound from earlier COVID-19-related restrictions, steel output was stable or increased slightly in July compared with June. In the United States, steel output of 7.5 million metric tons in July represented a 5.6 percent increased compared with the 7.1 million tons made in June. Output in Turkey—the largest buyer of exported U.S. ferrous scrap—decreased in July compared with June, however, declining by 5.9 percent. China’s July output figure also represents a sizable year-on-year decrease, falling 8.4 percent compared with July 2020, according to Worldsteel . Turkey, however, produced nearly 23 percent more steel in July of this year compared with July 2020, putting in the category of nations showing a rebound from earlier in the pandemic. The U.S. July 2021 figure represents nearly a 38 percent boost compared to its steel output in July 2020. Six companies based in California have been convicted by a federal grand jury of scheming to avoid payment of $1.8 billion in import duties on semi-finished aluminum imported from China. A United States Department of Justice (DOJ) news release says the businesses also have been found guilty of conspiring with a Chinese financier to defraud investors by inflating the balance sheet of China Zhongwang Holdings Ltd. via the “sham” sales of aluminum in the U.S. In 2016, Zhongwang announced its intention to buy Cleveland-based secondary aluminum producer Aleris (in a deal that was never completed), and in 2017 the firm took a controlling stake  in a German aluminum extruder. The DOJ news release describes the companies as “guilty of participating in a wide-ranging conspiracy to defraud the United States via a wire-and-customs fraud scheme in which huge amounts of aluminum – disguised as ‘pallets’ to avoid $1.8 billion in customs duties – were exported to the U.S. and were ‘sold’ to fraudulently inflate a China-based company’s revenues and deceive investors worldwide.” Continues the DOJ, “The jury found two aluminum businesses and four warehousing companies – all of which were related to one another – guilty of one count of conspiracy, nine counts of wire fraud and seven counts of passing false and fraudulent papers through a custom house.” The six companies, two of which carried the name Perfectus, were all based in Southern California, with offices and warehouses in Fontana, Irvine, Ontario and Riverside, California. The two Perfectus companies also were found guilty of seven additional counts of international promotional money laundering, according to the DOJ. The DOJ cites evidence presented at a nine-day trial as convincing the jury that aluminum extrusions maker China Zhongwang Holdings Ltd., and the company’s former president and chairman Zhongtian Liu, conspired with the six companies and other individuals to avoid paying the $1.8 billion in anti-dumping and countervailing duties. Adds the DOJ, “The aluminum sold to U.S.-based companies controlled by Liu was simply aluminum extrusions that were spot-welded together to make them appear to be functional pallets. In fact, there were no customers for the 2.2 million pallets imported by the Liu-controlled companies between 2011 and 2014, and no pallets were ever sold.” The annual reports of China Zhongwang Holdings claimed that the aluminum pallets were being sold to independent third parties, and these “sales” were used to inflate China Zhongwang’s reported revenue. In fact, says the DOJ, the aluminum was being stockpiled by Liu-controlled entities in more than 2 million square feet of warehouse space owned by the warehouse defendants in Southern California and New Jersey. Since there was no actual demand for the pallets, defendants Liu and China Zhongwang arranged for aluminum melting facilities to be built and acquired, which were to be used to reconfigure the aluminum imported as pallets into a form with commercial value, states the news release. This would have included the attempted purchase of Aleris. (Most of the former Aleris assets now belong to Atlanta-based aluminum producer Novelis .) U.S. District Judge R. Gary Klausner has scheduled a December 13 sentencing hearing in the case. Liu and three other defendants charged in the indictment in the case have yet to appear in court in the U.S. to face the criminal charges, says the DOJ. Graphic Packaging International LLC, a packaging firm based in Atlanta, is expected to receive up to $125 million in private bonds to finance the expansion of its paper mill in Kalamazoo, Michigan. The Michigan Economic Development Corp.’s Strategic Fund Board approved a resolution this month that allows this financing move for the expansion. According to a report from WOOD-TV , Grand Rapids, Michigan, Graphic Packaging plans to use the bond proceeds to help pay for construction and install a new coated recycled board machine as well as a storage warehouse. The expansion, which will cost $615 million overall, will help the company to increase its production of coated recycled board (CRB) by 60 percent to 800,000 tons per year. Graphic Packaging announced the expansion of this mill in September 2019. The company had reported then that this will be designed to be the largest and lowest cost producer of CRB, or paperboard, in North America. The Michigan Economic Development Corp. also expects the expansion project to be completed by the end of this year. For a session on paper mill activities, attend the Paper and Plastics Recycling Conference in Chicago this fall. The Ohio Environmental Protection Agency (Ohio EPA) has awarded $1.1 million in grants to 24 local governments, businesses and nonprofit organizations throughout southwest Ohio to implement recycling, litter prevention, market development and scrap tire recycling program. According to a news release from the Ohio EPA, the agency is issuing more than $6 million in grant funding to 103 recipients statewide, with more than $3.1 million specifically for community and litter prevention grants. Other grants will help recycling facilities to purchase new equipment and expand facilities. The following are a few grants that have been awarded to recipients in southwest Ohio: Arthur Morgan Institute for Community Solutions (Greene County) - $99,881 for organics composting; Logan County Solid Waste District - $200,000 to purchase equipment to expand fiber recovery facility; Royal Paper Stock Co. Inc. (Butler County) - $72,740 for paper fiber recycling; and Rumpke Waste and Recycling (Hamilton County) - $199,588 to purchase a shredder, knives, metal detector and slider bed. The Ohio EPA website features a full list of its latest recycling and market development grant recipients. In July, 161.7 million metric tons of crude steel were produced by the 64 countries reporting to the World Steel Association (Worldsteel), Brussels, which is a 3.3 percent increase compared with production by those countries in July 2020. Most nations that report to Worldsteel reported increased year-over-year crude steel production in July. Only China had a noticeable year-over-year decrease in crude steel production in July. Countries in Asia and Oceania produced 116.4 million metric tons of crude steel in July, down 2.5 percent compared with July 2020. The European Union (EU) produced 13 million metric tons of crude steel last month, up 30.3 percent from July 2020. Other European nations not in the EU produced 4.1 million metric tons of crude steel in July. North America produced 10.2 million metric tons of crude steel in July, up 36 percent from the same month in 2020. The Commonwealth Independent States produced 9.2 million metric tons of crude steel in July, South American nations produced 3.8 million metric tons of crude steel in July and African nations produced 1.3 million metric tons of crude steel last month. Of the Asian nations that report to Worldsteel , only China’s production of crude steel declined in July when compared with the same month last year. China produced 86.8 million metric tons of crude steel in July, down 8.4 percent from the same month last year. India produced 9.8 million metric tons of crude steel in July, up 13.3 percent from the same time frame last year. Japan produced 8 million metric tons of crude steel in July, up 32.5 percent. Additionally, South Korea produced 6.1 million metric tons of crude steel in July, up 10.8 percent from the same month last year. In North America, the U.S. produced 7.5 million metric tons of crude steel in July, up 37.9 percent from the same time frame in 2020. In the Commonwealth Independent States, Russia is estimated to have produced 6.7 million metric tons of crude steel, up 13.4 percent from July 2020. In the EU and Europe, Germany produced 3 million metric tons of crude steel and Turkey produced 3.2 million metric tons of crude steel in July. In South America, Brazil produced 3 million metric tons of crude steel in July, up 14.5 percent from July 2020.

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Aleris Patents

Aleris has filed 89 patents.

The 3 most popular patent topics include:

  • Metallurgy
  • Named alloys
  • Casting (manufacturing)
patents chart

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10/10/2016

10/12/2021

Casting (manufacturing), Metallurgy, Metalworking, Named alloys, Alloys

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10/10/2016

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10/12/2021

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Related Topics

Casting (manufacturing), Metallurgy, Metalworking, Named alloys, Alloys

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Grant

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