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...
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Bosnian firm Maksimovic Komerc plans to infuse €1.3 million in the production of Aluminium and PVC carpentry profiles in leased premises in Stanari, the Stanari municipal government said. The mayor of Stanari, Dušan Panić, signed a contract with the investor "Maksimović komerc" from Doboj on a five-year lease of 5000 square metre hall in the Dragalovci Business Zone, which will employ at least 15 workers. In this hall, aluminium and PVC profiles for carpentry will be produced, and there will also be an automated plant for painting and plasticizing metal and non-metal surfaces. Deputy director of "Maksimović komerc" Maja Mišić said that the machines, which have already been procured, are expected to move in by the end of the year, while they would start working as early as next year, and...
Fehrmann Alloys, based in Hamburg, Germany, has added new high-performance alloy for 3D printing to its aluminium alloy portfolio. The company has introduced AlMgty 90 at Formnext Connect 2020. . The new aluminium alloy AlMgty 90 comes with a 25 percent higher hardness than its predecessor. The new product is used in Selective Laser Melting (SLM) and Laser Metal Deposition (LMD) 3D printing processes. AlMgty-90 offers the following benefits: Corrosion resistance Anodisable even in colour Polishable No exotic ingredients Attractive price The company recently launched silicon-free high-performance aluminium alloy AlMgty to add colour to metal parts produced by additive manufacturing. The parts and components printed with AlMgty can be easily anodised in various colours as corrosion...
A00 aluminium ingot price has soared by RMB 170 per tonne to stand at RMB 15,350 per tonne on Wednesday, November 11, marking the fourth consecutive day of rising, according to the Shanghai Metals Market data. The average prices are expected to range between RMB 15,330-15,370 per tonne, with spot contract to be traded at a premium price of RMB 0-40 per tonne, down by RMB 20 per tonne from the previous day. In Foshan, the primary aluminium ingot price has increased the highest by RMB 230 per tonne to come in at RMB 15,350 per tonne, followed by the hike in Hangzhou by RMB 180 per tonne to RMB 15,360 per tonne, learned SMM. In Chongqing, A00 aluminium ingot price has surged by RMB 175 per tonne to RMB 15,285 per tonne and that in Wuxi and Tianjin has hiked by RMB 170 per tonne to stand at...
Ukraine imported 4.03 million tonnes of aluminium ores and concentrate (bauxite) in the first ten months of 2020. That was an increase of 6.2% year-on-year, according to statistics released by the State Customs Service. Bauxite imports in monetary terms rose to $190.937 million January-October, a growth of 5%. Guinea, Brazil and Ghana were the leading exporters of bauxite in the first ten months of 2020. Guinea exported 62.49% of total supplies in monetary terms, followed by Brazil 14.69% and Ghana 14.30%. Ukraine re-exported 184 tonnes of bauxite to Poland for $29,000 in January-October 2020, from 22 tonnes for $1,000 in the same period in 2019.
Hydro and Northvolt's planned pilot plant will receive NOK 43.5 million in support from Enova, a Norwegian government enterprise supporting clean energy and climate efforts. The plant, which will be built in early 2021, will recycle used electric car batteries. Hydro and the Swedish battery company Northvolt will establish the company Hydro Volt in Fredrikstad. The facility will be the first of its kind in Norway and one of the most technologically advanced recycling plants in the world. “We are pleased that Enova sees the importance of what Hydro and Northvolt want to achieve and wants to contribute to realizing Hydro Volt. This is a milestone on the road to utilizing the opportunities in sustainable battery recycling,” said Hydro President & CEO Hilde Merete Aasheim. She emphasizedthat...
Romania’s Alro Group, one of the largest vertically integrated aluminium producers in Europe by production capacity has disclosed on 10 th November’20, that it is borrowing a total $150 million in extension to a $235.1 million credit facility, which was first accessed in 2015. Alro said in a statement during filling with the Bucharest Stock Exchange: “Shareholders have decided to prolong the maturity of the credit line in value up to $120 million until November 20, 2023, and the maturity of the credit line used for issuing letters of credit and guarantee letters with a value of $30 million until 29 th February 2024.” The shareholders of the company have also decided to replace banks syndicate coordinator Raiffeisen Bank with state-owned Exim Bank. Florin Cîțu, Romania’s economy ministry...
On 10 th November’20, the world's largest aluminium rolling company and among the biggest producers of primary aluminium in Asia, Hindalco, posted a 60% year-on-year slump in consolidated net profit at INR 387 crore for the quarter ended September 30 after considering net loss from running and disinvestment of discontinued operations of INR 31,237 crore. Although, profit from continuing operations surged by 83% YoY to INR 1,785 crore and consolidated revenue from operations shoot up 5.32% YoY to INR 31,237 crore. EBITDA from Hindalco’s Indian aluminium business soared 32% YoY and 25% QoQ to INR 1,066 crore, whereas, margins witnessed a rise of 760 basis points YoY to 22%. Consolidated net debt to EBITDA stood at 3.52 times as on September 30 against 3.83 times in the preceding quarter...
The United States aluminium scrap exports to the Republic of Korea dipped slightly in August 2020, the third largest destination for the US aluminium scrap exports. The latest data from the US Geological Survey shows the United States supplied 23,800 tonnes of aluminium scrap to Korea in August 2020, compared with 24,600 tonnes in July. This means the exports dropped by 800 tonnes or 3.25 per cent month-on-month in August. The exports in July grew by 3,000 tonnes or 12.20 per cent from 21,600 tonnes in June. In May, the United States exported 22,300 tonnes of aluminium scrap to Korea, meaning the exports in June plunged by 3.14 per cent month-on-month. On a year-on-year basis, the United States aluminium scrap exports to the Republic of Korea in August 2020 stood up by 600 tonnes or 2.59...
On Monday, November 9, the European Union announced that it would go ahead with its $4 billion tariff plans on the United States goods and services as part of the long-running illegal aid for plane maker Boeing. This decision is the latest twist in the 16-year trade battle over aircraft subsidies that turned increasingly sour under the protectionist instincts of the US President Donald Trump. The EU’s top trade official Valdis Dombrovskis said ahead of a virtual EU trade ministers meeting said “The US imposed tariffs following the WTO ruling in the Airbus case. Now, we have a WTO ruling also in our Boeing case, allowing us to impose our tariffs and that’s what we are doing.” The WTO had ruled that Boeing was given an unfair edge over Airbus by tax breaks from Washington State, where...
The Volkswagen Poznań foundry is one of the largest aluminium foundries in Europe and also the third-largest in the VW concern. It is from the capital of Wielkopolska that almost all companies belonging to the German giant leave for factories around the world. This is where the transmission housings for the ID.3 electric manufactured in Zwickau are sent. It is no secret that the development direction of the Volkswagen Group is electromobility. Each of the concern's brands already offers at least one fully electric model and the revolution in the model range entails changes in the method of production. The report has come that the Poznań plant will have a significant share in the implementation of VW's strategy. Patrycja Kasprzyk, Volkswagen spokesman said: As a result of the tender...
In October 2020, passenger vehicle (PV) registrations saw a year-on-year drop of 8.8 per cent to 249,860 units, according to the data shared by the Federation of Automobile Dealers Association (FADA). Total vehicle registrations at regional transport offices (RTOs), which are proxies for sales, fell by 23.99 per cent to 1,413,549 units year-on-year as the industry continued to battle the pandemic. New launches were in demand in the passenger vehicle segment, while entry-level motorcycles witnessed a lean consumption in the two-wheeler segment. There was a supply-side mismatch, resulting in a limited stock of high selling items at most of the passenger vehicle dealers. This, coupled with lower discounts compared to the last festive season, played the spoilsport, FADA showed. Vinkesh...
Metalex has announced an investment of 50 million Reais ($9.3 million) to expand scrap treatment and extrusion billet production capacity, Fastmarkets MB reported. The expansion plan is divided in to two phases. Metalex, an industrial aluminium recycling unit in Araçariguama, is fully owned by Brazilian producer Companhia Brasileira de Alumínio (CBA) The recycling unit will initially install a side well furnace to boost billet capacity by 15,000 tonnes per year to 90,000 tonnes per year. The current aluminium billets capacity stands at 75,000 tonnes per year. The second phase will include new recycling line to raise scrap usage to 80% from 60%. Metalex became part of the CBA since October 2010. The Unit also produce a variety of standard, special and premium alloys for various sectors. c
Croatia's economic freedom score is 62.2, making it's economy the 84th freest in the 2020 Index and the major industries comprise shipbuilding, construction, petrochemicals, and food processing. However, the country’s economy is expected to shrink 8.5% this year as a result of the COVID-19 pandemic, and to grow 3.5% in 2021, the European Bank for Reconstruction and Development (EBRD). The country at the crossroads of Central and Southeast Europe on the Adriatic Sea has recorded its import of aluminium plates, sheets and strips during 2018-19 at 14,215 tonnes and the foreign revenue expended for the import stood at $39.98 million. The import for 2020 is going to stand at 8125 tonnes, the highest in three years phase and the expenditure to remain at $21.94 million. When the import volume...
Meiyume has announced the launch of new Infinite aluminium packaging range to minimize the use of plastic packaging. The company has introduced cosmetic bottles and jars to provide consumers and brands with alternative sustainable packaging options. “Aluminium is one of the most recycled materials on the market today,” said Meiyume. “Infinitely recyclable and highly durable, aluminium is 100 percent recyclable and retains its properties indefinitely in a true closed loop.” “Thanks to their durability, the aluminium containers are also the perfect solution for refillable concepts.” The range comes with a bottle capacities from 100 to 250mL, and jar capacities from 60 to 80mL. The containers are suited for most cosmetic formulas, whether cream, liquid, or gel. “True to Meiyume’s spirit of...
Settling the much-awaited India-America trade deal is likely to be one of New Delhi’s top priorities as soon as Joe Biden’s administration in Washington DC takes over as the New President of the United States. According to the report, New Delhi is all set to speed up its negotiation with Biden Administration for early restoration of the Generalized System of Preference (GSP) trade privilege for India, which was withdrawn by the United States former President Donald Trump in June 2019 after determining that India did not assure the latter to provide "equitable and reasonable access" to its markets. The Generalized System of Preference is the largest and oldest US trade preference programme designed to promote economic development by allowing duty-free entry for thousands of products from...
Stobia, a new company located in Jonquière, is set in motion for the production of aluminium food containers. The company secured financial support totalling $ 632,795 from Quebec and Ottawa to support its start-up. The company counts among its shareholders William and Jean-Samuel Allard, two sons of Minister Andrée Laforest. The Honourable Mélanie Joly, Minister of Economic Development and Official Languages for Canada, and Pierre Fitzgibbon, Minister of Economy and Innovation for Quebec, announced on 9 th November’20. The project, worth over $ 1.6 million, will create a dozen jobs over the next two years. Stobia plans to manufacture more than 100 million aluminium containers per year. The Honourable Minister Mélanie Joly said: “Helping businesses to start-up, grow and innovate so they...
The US imported 270,000 tonnes of crude metal and alloys in August in 2020, a jump of 266% from 73,800 tonnes in August 2019. On a month-on-month comparison, imports rose by 7% from 253,000 tonnes in July, according to the latest Mineral Industry Survey report from US Geological Survey. In the first eight months of 2020, the US imports of crude metal and alloy stood at 2.350 million tonnes, from 1.98 million tonnes in the first eight months of 2019. This marked an increase of 19% or 370,000 tonnes year-on-year. On the export side, the US exported 14,800 tonnes of crude metal and alloys in August 2020, from 19,200 tonnes exported in August 2019, a decrease of 23% year-on-year. On a month-on-month basis, the exports inched up 1.37% from 14,600 tonnes. Crude metal and alloys exports came in...
SMM aluminium ingot price has registered a hike for the three days in a row. The price stands at RMB 15180 per tonne on Tuesday, 10 November 2020, marking a growth of RMB 20 per tonne. The price is expected to range at RMB 15160-15200 per tonne. In Foshan and Wuxi, the price has increased by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 15120 per tonne and RMB 15190 per tonne. Their average prices are expected to range within RMB 15100-15140 per tonne and RMB 15180-15200 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15180 per tonne and RMB 15110 per tonne, up RMB10 per tonne and RMB 15 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi have risen to stand at RMB 15170 per tonne, RMB 15150 per tonne, RMB 15230 per tonne, and RMB 15180 per...
