Downstream aluminium recap: India launches anti-dumping probe on Chinese aluminium foil imports
The global aluminium downstream sector witnessed a lot of significant incidents this week. To begin with, India recently launched an anti-dumping probe into the import of aluminium foil from China, aiming to protect its domestic aluminium industry. This decision follows complaints lodged by major domestic players like Hindalco Industries, Shyam Sel & Power Ltd, and others, accusing Chinese exporters of dumping practices. Golden Aluminum was chosen by the U.S. Department of Energy's Office of Clean Energy Demonstrations on March 25th to enter into negotiations for potential funding of up to $22.3 million. Jinfei Kaida Wheel's stock saw a notable rise after the Chinese manufacturer announced its third capacity expansion plan. The company disclosed its plan to invest CNY557 million (USD77 million) in constructing a new plant in Thailand's Thai-Chinese Rayong Industrial Zone.
In a bid to safeguard the interests of its domestic aluminium industry, India took a significant step by initiating an anti-dumping investigation into the import of aluminium foil from China.
To know more: https://www.alcircle.com/news/india-launches-probe-into-aluminium-foil-imports-from-china-110306
On March 25, Golden Aluminum was selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $22.3 million in Infrastructure Investment and Jobs Act and Inflation Reduction Act funding as part of the Industrial Demonstrations Program (IDP).
To know more: https://www.alcircle.com/news/golden-aluminum-selected-by-u-s-department-of-energy-to-receive-22-3m-ira-iija-investment-110314
Shares of Jinfei Kaida Wheel surged following the Chinese manufacturer's announcement regarding its third capacity expansion plan this year. Jinfei Kaida revealed its intention to invest CNY557 million (USD77 million) in constructing a new plant in Thailand's Thai-Chinese Rayong Industrial Zone.
Venu Srinivasan's family members entered a non-compete agreement to protect the TVS brand across different business segments, including two-wheelers, auto after-market, and tractors.
To know more: https://www.alcircle.com/news/tvs-motor-s-restricts-tvs-brand-trademark-use-in-die-casting-oems-110292
In the vast realm of aluminium production, where innovation and sustainability intertwine, Assan Alüminyum emerges as a beacon of excellence. Renowned as one of the premier flat-rolled aluminium producers globally, this stalwart of the industry stands tall not only for its remarkable products but also for its unwavering commitment to corporate social responsibility (CSR).
To know more: https://www.alcircle.com/news/take-a-sneak-peek-into-assan-aluminyum-s-indomitable-csr-legacy-110313
Technocraft Formwork, a wholly-owned subsidiary of Technocraft Industries (India), recently started producing aluminium fabrication at its newly established scaffolding unit in Aurangabad, Maharashtra, India.
To know more: https://www.alcircle.com/news/technocraft-formwork-begins-aluminium-fabrication-at-its-brand-new-maharashtra-unit-110327
N.A. Holding Corp., a diversified holding company owned by Matt Wojewuczki and Doyle McCauley, recently acquired Architectural Glass and Aluminum (AGA), a premier aluminium and glass fabricator in Columbia City.
Aluminium is a crucial metal in the aerospace manufacturing industry, and recent events involving such aluminium parts have stirred ripples of concern and curiosity. At the heart of the narrative lies a saga involving two titans of the industry: Boeing, a household name synonymous with flight, and Spirit AeroSystems Holdings Inc, a cornerstone of aerostructures innovation.
To know more: https://www.alcircle.com/news/texas-attorney-general-ken-paxton-launches-investigation-on-boeing-parts-supplier-110354
China-based Xinjiang Zhonghe recently released its 2023 financial report. In its 2023 performance report, Xinjiang Zhonghe disclosed that it attained an operating income of RMB 6.535 billion, marking a 15.52 per cent decrease compared to the previous year.
AMAG Austria Metall AG in Ranshofen, Austria, reportedly invested 50 million euros in a state-of-the-art surface treatment line to strengthen its position as a leading manufacturer of high-quality aluminium surfaces.
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