Tag Archives: Zhongwang
Zhongwang USA Terminates $2.3 Billion Proposed Acquisition of Aleris Corp.

Zhongwang USA, a Chinese-owned aluminum company, announced that its merger agreement with Aleris Corporation has been terminated per a mutual agreement. The companies entered into the $2.33 billion merger agreement in August 2016. The merger was subject to approval from … Continue reading
Perfectus Accused of Aluminum Dumping by DOJ

The U.S. Department of Justice (DOJ) filed a complaint against a California company, alleging that it avoided paying $1.5 billion in tariffs by passing off illegally imported aluminum extrusions as finished products. The complaint, filed September 14, alleges that Zhongtian … Continue reading
DOC Upholds Preliminary Determination in Aluminum Case
The Department of Commerce (DOC) issued its final determination in the 5050 aluminum alloy circumvention case against Zhongwang and other exporters. The DOC has upheld its preliminary determination that heat-treated 5050-grade aluminum alloy—regardless of producer, exporter or importer—is covered by … Continue reading
AEC Files New Scope Clarification Request
Last week, the Aluminum Extruders Council (AEC) filed a new scope clarification case against China Zhongwang Holdings Limited and its network of affiliates. The request asks the Department of Commerce (DOC) to expand its determination last December regarding Zhongwang’s alleged … Continue reading