Rusal

Russian aluminium company

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October 2023 Rusal acquired a 30% stake in China's Hebei Wenfeng New Materials (HWNM) for 1.91 billion yuan ($261.6 million).
April 2022 Rusal America Corporation was sold to former executives Brian Hesse and Andrey Donets, and renamed PerenniAL.
2021 Rusal announced a proposal to demerge its high carbon assets and change its name to AL+.
September 2021 Rusal signed an agreement with the UK's Budweiser Brewing Group to produce five million ultra-low carbon beer cans, measuring 440 ml, from its Krasnoyarsk plant in Siberia, which uses hydro-power as an energy source.
December 31 2020 Rusal reported total CO2 equivalent emissions of 28,604 kilotonnes, with a slight increase of 1.7% year-on-year, marking a slower growth compared to previous trends.
December 31 2020 UC Rusal operated a global industrial portfolio including 9 aluminium smelters, 9 alumina refineries, 7 bauxite mines, and 4 domestic foil rolling mills at the end of the year.
September 25 2020 The company changed its place of registration from Jersey to Kaliningrad, Russia.
August 11 2020 Onexim agreed to sell an additional 7% of its Rusal stake to SUAL, which would further reduce its ownership to 6.7% upon approval.
February 2020 Onexim sold 3.3% of its Rusal stake to SUAL, reducing its ownership percentage.
December 2019 Rusal's total CO2 equivalent emissions increased to 28,114 kilotonnes, showing a growth in carbon emissions.
April 2019 Rusal announced a new project in Greenup, Kentucky to produce flat-rolled aluminum products for the US automotive industry.
April 2019 UC Rusal initiated a joint venture with Braidy Industries Inc., extending its international business collaborations.
January 2019 U.S. lifted sanctions on Rusal after Oleg Deripaska reduced his company stake to less than 50% and voting rights to less than 35%.
December 2018 Rusal reported total CO2 equivalent emissions of 25,860 kilotonnes for the year.
October 23 2018 Deadline for Rusal's clients to wind down business in compliance with U.S. sanctions.
May 2018 Rusal announced the resignation of CEO Alexandra Bouriko and seven board members in an effort to mitigate U.S. sanctions against Oleg Deripaska.
April 23 2018 US government provided Rusal America Corporation's customers extended time to comply with sanctions, indicating potential for sanctions to be lifted if Deripaska reduced his company control.
2017 UC Rusal publicly committed to powering all aluminium smelters with clean energy by 2020, with its energy mix already comprising 90% renewables. The company joined the Aluminium Stewardship Initiative, pledging to support sustainable aluminium production.
November 2017 Rusal launched Allow, a low-carbon aluminium brand designed to meet increased demand for sustainable aluminium from motor, packaging, and electronics industries. The brand covers approximately 80% of Rusal's total output.
April 2017 UC Rusal formed two joint ventures - one with Runaya Metsource and another with SKAD, further diversifying its business partnerships.
February 2017 Rusal issued its first Eurobond worth US$600 million and announced plans to sell 7-year onshore bonds worth 10 billion yuan on the Shanghai Stock Exchange.
July 2016 UC Rusal established a joint venture with Hebei Joy Sense Cable Co. (HJSC), expanding its industrial network.
2015 Rusal was overtaken by China Hongqiao Group as the world's largest aluminium company by primary production output.
November 2014 Vladislav Solovyov was appointed as Rusal's CEO, with Oleg Deripaska becoming company president.
March 2014 UC Rusal entered a 50/50 joint venture with Israeli automotive component manufacturer Omen High Pressure Die Casting.
April 2012 Rusal signed a joint venture agreement with China North Industries Corporation (NORINCO) and a memorandum of understanding with Shandong Xinfa Group to explore potential cooperation.
August 2011 Rusal reached an agreement with Sberbank to extend debt maturity until 2016, cancelling VEB's previous loan.
January 2010 UC RUSAL was listed on the Hong Kong Stock Exchange with an IPO price of HK$10.8 per share, raising US$2.2 billion.

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