Toyo Seikan Group Holdings reported a 7.7 per cent year-on-year decline in operating profit from its packaging business in the first half of FY2026, as rising raw material and energy costs continued to weigh on profitability despite higher sales. The Japanese packaging manufacturer recorded a 33.1 per cent increase in its LME aluminium price benchmark during the period, highlighting the cost pressures facing packaging producers amid elevated commodity prices. According to the company's financial results released on November 9, 2026, the LME aluminium price averaged USD 3,380 per tonne during April-September 2026, compared with USD 2,540 per tonne in the corresponding period of FY2025. Although the actual price was below the company's August forecast of USD 3,510 per tonne, it remained...
Molson Coors Beverage Company reported a USD 30 million unfavourable impact from Midwest Premium pricing in the third quarter, adding to inflationary pressures across materials, logistics and manufacturing expenses. The brewing company also reported lower-than-expected revenue and reduced its full-year financial outlook, sending its shares down 3.36 per cent in pre-market trading on Thursday. The company reported net sales of USD 2.93 billion for the third quarter, falling short of analysts' expectations of USD 2.94 billion. Revenue declined 1.6 per cent compared with the corresponding period last year, while sales decreased 1.2 per cent on a constant currency basis. The decline was primarily driven by a 3.0 per cent fall in financial volume, partly offset by favourable pricing and sales...
Grow with
AL Circle
In October 2020, alumina production in South America stood at 926,000 tonnes, registering an increase of 24.63 per cent month-on-month following a slight dip in the previous month, showed the International Aluminium Institute (IAI). In September 2020, alumina production in South America came in at 743,000 tonnes, down by 3,000 tonnes from 746,000 in August. South America’s alumina output in August 2020 also recorded a decrease of 22.45 per cent month-on-month from 962,000 tonnes in July. So, the total alumina production during July-October 2020 amounted to 3.577 million tonnes, down by 9.44 per cent from 3.950 million tonnes during the same period last year. In the first ten months of the year (January-October), alumina production in South America totalled 9.664 million tonnes, growing by...
Shadow Minister for Defence Richard Marles has reportedly paid a visit to DECO Australia’s manufacturing facility in Minto, New South Wales to observe the company’s defence capabilities, including surface finishing, protective coatings, and non-combustible aluminium building products. Deco founder and director Ross Doonan discussed defence procurement policies with the Shadow Minister Richard Marles and advocated for greater inclusion of local SMEs in defence contracts. “Australia has a wealth of local suppliers who would be an asset to the defence industry,” said Ross Doonan adding that “And yet they are underrated and often overlooked by Australian defence, and by the Prime Contractors they work with. It is difficult to become involved – often, SMEs are not even sure where to start. He...
The leading food and beverage company PepsiCo has introduced limited-edition Pepsi® can to celebrate the 49th UAE National Day. The can is designed in the colours of the UAE flag and elements of its famous vistas. Aamer Sheikh, PepsiCo, GM and President, MENA and Pakistan, said, “We have had a long and successful journey in the UAE and are delighted to launch this campaign and the limited-edition Pepsi cans celebrating the momentous occasion. This is a moment of pride for all of us who have been part of this incredible journey, Dubai has been our home for almost five decades, and to light up the Burj Khalifa to showcase the strong spirit of togetherness that exists in the UAE is a feeling of the utmost honour.” These limited-edition cans are available from December 1 in modern trade,...
According to the Credit Suisse Global Wealth Report 2019, Lithuania belongs to the high-income group. However, the economy will rebound strongly in 2021, after 2020's pandemic-induced contraction, although the downturn should be the softest in the EU. A revival in foreign and domestic demand and inflows of EU funding are set to underpin the rebound. In 2021, the economy is expected to grow by 3.3%. The Baltic nation’s import of aluminium plates, sheets and strips during 2018-19 was recorded with a volume of 17,823 tonnes and the expenditure remained at $41.11 million. The import for 2020 is evaluated to reach at 9245 tonnes and the expenditure to stand at $19.56 million. When the import and expenditure of 2020 get assorted with the existing two years, it resembles 27,068 tonnes and $60.67...
Aluminium Bahrain (Alba) announced that the company is on track to finish 2020 strong despite the challenges of the year. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa revealed during the fourth quarterly Board of Directors’ meeting. Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “2020 has been a year of exceptional events on many fronts. Our secret to adapt to the changes and find our new balance is to focus our efforts, not on challenging today’s status quo, but on building the new and resilient Alba as we prepare ourselves to start 2021.” The Board also approved the Minutes of the previous Board Meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance...
The LME complex rose on Friday, November 27, with aluminium climbed up by 1.65 per cent. Benchmark aluminium price on the London Metal Exchange rose by 0.69 per cent on November 27 from US$ 1961.50 per tonne on Thursday, November 26. Both LME aluminium cash (bid) price and LME official settlement price rebounded to US$ 1975 per tonne, growing by US$ 13.50 per tonne on Friday, November 27. 3-months bid price and 3-months offer price stood at US$ 1988.50 per tonne, up by US$ 10.50 per tonne from US$ 1978 per tonne on November 26. Dec 21 bid price and Dec 21 offer price came in at US$ 2010.50 per tonne. The LME aluminium opening stock declined from 1383250 tonnes on November 26 to 1378025 on November 27. Live Warrants hovered at 1216725 tonnes, while Cancelled Warrants at 161300 tonnes. LME...
SMM aluminium ingot price soared by RMB 440 per tonne from Friday’s price of RMB 16330 per tonne. The price now stood at RMB 16770 per tonne on Monday, November 30, 2020 and is expected to move within a range of RMB 16750-16790 per tonne. In Foshan and Wuxi, the price inched up by RMB 430 per tonne and RMB 460 per tonne to stand at RMB 16870 per tonne and RMB 16830 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 16870 per tonne and 16750 per tonne, up RMB 440 per tonne and RMB 435 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 16770 per tonne, RMB 16790 per tonne, RMB 16760 per tonne, and RMB 16640 per tonne. The aluminium alloy (ADC12) price stood at RMB 16800 per tonne on Monday, November 30, an increase of RMB 650 per...
The National Industrial Development Center (NIDC), which shoulders the responsibility of transforming Saudi Arabia’s industrial sector by creating new industries to diversify the economy and meet vision 2030 ambitions, has associated with the Ministry of Industry and Mineral Resources. The Development Center and the Ministry of Industry and Mineral Resources is evaluating the development of more than $10.66 billion (SAR 40 billion) worth of projects in multiple business divisions. The investment opportunities include an alumina refinery among other non-ferrous metal industries. Nizar Y. Al-Hariri, CEO, NIDC, said: “The Kingdom’s industrial strategy aimed at enhancing the target business segments, and attracting top-notch industrial investments over the coming years, which will boost the...
The Chairman of GFG Alliance, Sanjeev Gupta has expressed doubts over the fate of his French aluminium smelter, as he eyes to acquire German giant Thyssenkrupp. The Indian born British businessman has been in the headlines over the past few years, due to his stream of acquisitions of exhausted metal businesses, often supported by state and complex financial debts owed by the businesses. Mr Gupta’s Liberty House acquired the Dunkirk aluminium smelter from Rio Tinto in December 2018, in a deal said to be worth $500m. The dispute between the metal tycoon and Rio is over an outstanding amount of about $50 million, which the mining group demanded from Liberty to settle the transaction and they ended up in arbitration. The 2018 accounts for Aluminium France Industries UK, filed at Companies...
The Chinese company engaged in alumina refinery project, PT Bintan Alumina Indonesia (BAI), will commence its operations in early 2021 in the Galang Batang Special Economic Zone (KEK), Bintan Regency, Riau Islands. Santoni, President Director of PT BAI stated that currently, BAI is the lone company that to process bauxite in the Riau Islands. "So it is estimated that in January or February 2021 it can operate," he commented. The bauxite to be processed to alumina by PT BAI will not only from Bintan Island but also from several regions of Kalimantan. "The electricity supply is almost ready. We estimate that the PLTU in the operational location will start operating in December 2020," said Santoni. "There are a few obstacles related to land claims made by people who claim to be land...
Tata Steel has expanded its value-added portfolio with the launch of new product named ‘Galvanova’ to address the needs of the Medium and Small Scale Enterprises (MSMEs). Galvanova, a 55% Aluminium-Zinc alloy coated product, is an all-weather durable product with superior corrosion resistance, and has distinctive white metallic sparkle. The product comes with a longer life span of up to four times when compared to ordinary galvanised steel. Sanjay S Sahni, Chief of Marketing & Sales (Branded Products & Retail), Tata Steel, said: “Over the last few years, Tata Steel has leveraged its technological capabilities to build a strong value-added steel product portfolio. The Company has introduced innovative products for a wide range of applications such as home appliances, the panel industry,...
The Indian auto components manufacturer, also specialised in Heat Shields, Talbros Automotive Components has signed a Technical Assistance Agreement (TAA) with its Japanese partner 'Sanwa Packing Industry Co. Ltd.' for Light Weight Aluminium Heat Shields. The product will be used for automotive applications and is a futuristic product technology which comes up with multiple benefits like Noise Reduction, Emission Control and Heat Insulation at challenging temperatures. It is broadly used on new generation engines including Hybrid and EVs. However, the company is in discussion with key OEMs in India for commercializing this product. Nimbus, the product name of the Light Weight Aluminium Heat Shield by Sanwa is the world's first aluminium light-weight heatshield for exhaust systems. The...
In West Europe, alumina production in October 2020 stood at 448,000 tonnes, recording a hike of 15,000 tonnes or 3.46 per cent from 433,000 tonnes in September. The output in September 2020 was, however, down by 11.09 per cent month-on-month from 487,000 tonnes in August 2020. Thus, the total alumina production in West Europe during August-October amounted to 1.368 million tonnes, down by 5.07 per cent from 1.441 million tonnes during the corresponding period last year. On a year-on-year basis, alumina production in West Europe for October recorded a downfall of 30,000 tonnes or 6.28 per cent from 478,000 tonnes. During January-October 2020, alumina production in West Europe totalled 4.686 million tonnes, 3.24 per cent lesser than 4.843 million tonnes during the same period last year. In...
ALRO’s downstream subsidiary Vimetco Extrusion became a supplier for the most sophisticated industries by delivering value-added products for heliports constructions. Vimetco Extrusion signed agreement with ABC Development Aviation to develop helideck platforms made in Romania. The first beneficiary of the aluminium profiles platforms is the heliport of the County Emergency Hospital in Bistrița. The second heliport will be constructed built at the Bacău Emergency County Hospital. “For more than 15 years we focused our investments programme on manufacturing high and very high value-added aluminium products and today we are pleased and proud to see that another company part of ALRO Group entered into the next league and penetrated the most sophisticated industries by succeeding to become a...
Sipful Drinks has collaborated with Every Can Counts to encourage people to recycle empty drink cans. The company will carry the Every Can Counts logo on its canned products. Sipful founder Darius Darwell comments: “Reducing waste and increasing recycling are two very clear objectives for us. Sustainability will be built into our DNA as a business, with the aim of creating a consumer brand committed to always trying to be better in the hope that Sipful Drinks will become a positive change for a more sustainable future. As I grew up on an organic and biodynamic farm, sustainability and the environment were always “hot topic” in my household, well before they were used widely as marketing buzzwords. We’re dead proud to be a canned product – we are delighted to be working with Every Can...
Algeria has extensive possibilities to boost its economic growth, including huge foreign-exchange reserves derived from oil and gas. However, the COVID-19 pandemic and concurrent crash in oil prices endangered Algeria’s vulnerable macroeconomic environment, and the new authorities are now grappling with a multifaceted crisis. Swift lockdown measures have helped slow down the pandemic, severely affecting activity in the meantime. The North African nation’s import of aluminium household articles during 2018-19 was recorded at 3946 tonnes and the expenditure occurred during the phase for the import remained at $18.70 million. The import for 2020 is supposed to reach 5547 tonnes and the expenditure to stand at $20.83 million. When the import volume and expenditure of aluminium household...
Guinea Alumina Corporation (GAC), bauxite mining subsidiary of Emirates Global Aluminium (EGA), has built a field hospital for COVID-19 in a record time of only 30 days, in association with Tamouh Healthcare and Dubai-based manufacturer Weatherhaven. The Sheikh Mohamed bin Zayed Field Hospital has been inaugurated on November 25 by the Minister of Health of the Republic of Guinea, Doctor Colonel Remy Lamah and representatives from the United Arab Emirates and Emirates Global Aluminium’s Guinea Alumina Corporation (GAC). The hospital is equipped with 208 beds, including 48 in intensive care. It also has a pharmacy and a medical laboratory. It will be managed and operated by the Ministry of Health. Commenting on the field hospital project, Dr Remy Lamah, said: “I want to thank the UAE...
Press Metal Aluminium reported results for the third quarter of 2020. The Group’s revenue stood at RM1.86 billion in Q3 2020, a decrease of RM0.26 billion or 12.2% from RM2.12 billion in Q3 2019 due to the impact of Covid-19 pandemic. The Group reported a profit before tax of RM172.92 million in Q3 2020, from RM168.94 million in Q3 2019. That was up by RM3.98 million or 2.4% mainly attributable to the favourable pricing of the Group commodity hedges, lower alumina and carbon anode prices as well as lower finance costs. In the nine months period, the Group’s revenue was lower by RM1.0 billion or 15.6% to RM5.42 billion due to the softening of metal price as a result of Covid-19 epidemic. Profit before tax for 9M 2020 came in at RM441.45 million, down RM6.53 million or 1.5% from RM447.98...
