Tuesday, January 15, 2019
Concord Resources Obtains Minority Position in New Day Aluminum
Leading New Day Aluminum since 2016, David D'Addario is an industry executive and expert in the field of metals. Based in Florida, New Day Aluminum assists in the production of both smelter-grade alumina, a key component in the production of aluminum, and chemical-grade alumina, which is used for non-metallurgical and metallurgical purposes around the globe. David D'Addario recently welcomed Concord Resources Limited CEO Mark Hansen to the board of New Day Aluminum.
On October 2, 2018, New Day and Concord announced via press release they had advanced their partnership: Concord Resources obtained a minority interest equity position at New Day Aluminum Holdings, LLC. The parent company of Noranda Bauxite and Alumina, New Day Aluminum Holdings said Concord had been "a key marketing partner" since its inception.
Concord's significant investment comes on the heels of the completion of two expansion projects at New Day's Noranda Alumina facility in Louisiana and the conclusion of refinancing estimated at $110 million.
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