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Hilco Smarter Insights
UNFORESEEN COMPLEXITIES OF INDUSTRIAL ASSET DISPOSITION WARRANT CAREFUL SELECTION OF A TURNKEY BUYER
By Robert Bouland and Ingrid HelslootI
By the summer of 2019, the increasingly competitive global landscape in Aluminum Foil production, driven in large part by increased pricing pressure from Asia manufacturers, had made it economically unfeasible for one of the world’s leading industrial aluminum companies, Novelis Inc., to continue profitable production at its Lüdenscheid Germany aluminum foil mill. In August of that year, about 12-months prior to ceasing full time production, the company announced publicly that the plant would close.
Pandemic Impacts Continue to Shape
the Course of Forestry Markets
By Jesse Marzouk
With construction designated as an essential service across much of the country since the start of COVID-19, continued, though somewhat diminished, new construction and remodeling demand has helped to sustain U.S. lumber markets. Pricing levels have also been bolstered by downtime taken at some western Canadian sawmills as a consequence of the pandemic and a lack of source fiber due to ongoing government limitations on cutting demand from toilet paper manufacturers, in particular, helped to bolster pulp prices over the past few months.
Hilco Industrial Acquisition Sell Heavy Plate Mill in its entirety to an Asian Steel Producer
Hilco Industrial Acquisitions, B.V., an operating company of U.S.-based Hilco Global, announced today the sale of all assets at ThyssenKrupp Heavy Plate Rolling Mill facility located in Duisburg-Hüttenheim, Germany to an Asian Steel Producer.
The sale comes only 6 months after Hilco Industrial Acquisitions, B.V. first acquired the Heavy Plate Mill from Thyssen Krupp Steel Europe.
During its operation, the heavy plate rolling mill facility produced approximately 850,000 metric tons of steel which was used for shipbuilding, offshore and heavy fabrication construction production. In addition to the rolling mill, other items for sale consists of late model furnaces, hot- and cold-levelers, quenches, inline ultrasonic inspection, shotblasting/priming, and numerous flame and plasma cutting machines.
When the auto industry makes a turn,
Hilco's Automotive team helps navigate the road ahead
Hilco Automotive Solutions assists automotive manufacturers and suppliers in finding avenues to transform their underutilized assets into cash flow, freeing up resources to invest in the technology of the future.
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Largest Automotive Equipment Sale Begins as 10 Automotive Manufacturing Plants Run out of Gas on the Continent
Hilco Industrial Acquisitions (www.hilcoind.com) announced that it will lead the disposition process for a massive machinery and equipment asset sale which will effectively shut down the automobile manufacturing business on the Australian Continent. The sale comes because of the recent closure of all Toyota Australia manufacturing operations, the last remaining auto production facility remaining on the continent.