Camel Group is investing approximately VND 2.7 trillion (USD 106 million) in a new aluminium packaging factory in Quang Tri, Vietnam, with an annual production capacity of up to 1 billion packaging products. Covering nearly 10 hectares, the facility is being developed in two phases. The first phase involves an investment of around VND 2.3 trillion (USD 90 million) and is designed to produce 700 million units annually. The second phase will receive nearly VND 400 billion (USD 16 million), adding capacity for another 300 million products a year. To learn the growing contribution of aluminium flat rolled products in the packaging sector, explore our report " ALuminium in Packaging: Consumer Trends and Market Dynamics " Le Quang Thinh, a member of Camel Group’s Board of Directors, said the...
Futures: SHFE aluminium closed at RMB 23,170 per tonne in the daytime session (down 0.22 per cent), moving sideways. Prices barely held above the MA5 (23,111) but were capped by the MA10 (23,199) and MA30 (23,352), with the bearish alignment of moving averages unchanged. The MACD formed a golden cross below the zero axis (DIF -132.31, DEA -150.30), with the red histogram expanding to 35.98, but trading volume shrank sharply to 43,600 lots, and the volume-price divergence limited the rebound height. The core trading range for SHFE aluminium is suggested at 22,900-23,400. LME aluminium closed at USD 3,082 per tonne (up 0.31 per cent). Prices held above the MA5 (3,063.8), MA10 (3,072.5), and MA30 (3,068.4), but remained capped by the MA60 (3,166.4), in a weak recovery phase within the...
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Leicester City Council has launched a new citywide campaign to encourage city households to recycle more cans, foil and aerosols. With support from the UK metal industry, the ‘Make Metals Matter’ campaign will target over 140,000 homes and aims of reminding people to recycle all of their household metal packaging waste. Leicester City Council has collaborated with the Aluminium Packaging Recycling Organisation (AluPro) and MetalMatters – an industry partnership comprising the UK’s leading producers, users and recyclers of metal packaging – as part of a national campaign. People can recycle household metal packaging by giving it a quick rinse and putting it their orange bags for kerbside recycling. This includes food and drink cans; foil trays; empty aerosols; metal screw tops from bottles...
Constellium announced it will participate at the upcoming conference. The company’s Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Credit Suisse Annual Basic Materials Conference on Tuesday, September 15, 2020. The fireside chat is planned to begin at 10:15 a.m. (Eastern Daylight Time). Live access will be available on the Constellium Investor Relations website. Constellium is a global sector leader that develops innovative, value added aluminium products for aerospace, automotive and packaging. The company generated €5.9 billion of revenue in 2019. Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium...
Last week during September 7-11, operating rates across major aluminium processors increased by 0.3 percentage point on a weekly basis to stand at 77.7 per cent, attributing to further recovery in orders for aluminium plate/sheet, strip, foil, primary and secondary aluminium alloy from the automobile, construction, electronics, and packaging sectors. According to Shanghai Metals Market, the automobile sector emerged as the major driver of aluminium demand last week, while demand from the construction and infrastructure sectors grew less than expected. Aluminium plate/sheet and strip: Backed on the backlog orders, large producers are expected to sustain for the next 1 to 2 months with rising operating rates. Orders improved for most producers. Orders for 5-series and 6-series plain...
Fun Wine, the Miami-based low alcohol flavoured wine drink firm rolls-out Monk fruit wine collection range in single-serve aluminium bottles bound for Australia. The monk fruit range features six flavours, including Peach Passion Moscato, Cappuccino Chardonnay and espresso Cabernet. Fine Wine uses 330ml recyclable aluminium bottles which it proclaims to handle the chemical characteristics of the wine. The bottles feature artworks designed by renowned Miami graffiti and pop artist, Miguel Paredes. The brand aims to distribute the new collection in the US and key global markets. Joe Peleg, Founder and CEO at Fun Wine, said: “In addition to our US expansion, we are on a fast track to growing overseas, where we are continuing to nurture relationships with key importers, distributors, and...
Crossing through the “Corona crisis”, governments are seeking businesses to engage in a "green recovery" whereby sustainability is prioritised and put at the centre of the rebuilding of global economies. With businesses and individuals re-assessing their attitudes to the risks faced by global threats such as climate change, there is indeed no better time to convert words into actions by building and delivering new infrastructure in a way which kick-starts and supports the low-carbon transition. These examples are still only a minority however and more must be done. That is where low-carbon aluminium comes in. Construction carbon specialists, Bionova, published that: “Low-carbon Aluminium: Solution for sustainable construction and renovation, which welcomes low-carbon aluminium as an...
According to a recent report, Canada will roll out its planned multibillion-dollar counter-tariffs on American aluminium products within the next few days. The news came after officials in Ottawa and at the Canadian embassy in Washington confirmed that the previously threatened retaliatory tariffs would go into effect this Wednesday, September 16. Following the US President Donald Trump’s announcement of relaying the 10 per cent tariffs on Canada’s aluminium imports early last month, Deputy Prime Ministry Chrystia Freeland declared to hit back with “dollar for dollar” matching tariffs on American aluminium products. Finance department officials made a list of products that the government was considering hitting with counter-tariffs and asked stakeholders to weigh in. The list included...
Lotte Aluminium Co. announced plans to boost its production capacity of its production lines for cathode foil, a key material in making EV batteries, at the company’s Ansan facility in Seoul. This would meet growing demand for electric vehicle batteries amid the global race for zero-emissions cars. The expansion plan would increase the annual production capacity of cathode foil to 12,000 tons from the previous 3,000 tons. The company also announced its plan to complete its plant with a capacity of 18,000 tons of cathode foil in Tatabanya Industrial Park in Hungary in 2021. Lotte Aluminium targets to sell its cathode foil to South Korean manufacturers of EV batteries. The company did not reveal any further information. Note to readers: AlCircle brings two-day event for aluminium industry...
Three-month LME aluminium slid 0.17% to close at US$1,775 per tonne in choppy trading on Friday. It is likely to move between US$1,760-1,800 per tonne today. As of Friday September 11, LME aluminium cash (bid) price stands at US$ 1746.50 per tonne, LME official settlement price stands at US$1746.50per tonne; 3-months bid price stands at US$ 1785.50per tonne, 3-months offer price is US$ 1785.50per tonne; Dec 21 bid price stands at US$ 1863.50per tonne, and Dec 21 offer price stands at US$ 1863.50per tonne. The LME aluminium opening stock stood at 1520650 tonnes. Live Warrants totalled 1297000 tonnes, and Cancelled Warrants were 223650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1777.33per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
Chinese renewable energy group Envision is now eyeing France to build a battery factory to cater to the growing electric vehicle market, according to the news reported by French newspaper Journal du Dimanche (JDD) on Sunday, September 13. The company, which has battery production plants in Japan, Britain, China, and the United States, has identified a dozen potential locations in France for the future factory. Quoting Sylvie Ourdiel, an international director at Envision, the French newspaper reported that Envision group planned to invest hundreds of million euros in a new factory expecting it to open in late 2023 and eventually create around a thousand jobs. Sylvie Ourdiel said Britain’s exit from the European Union changed the landscape and that an extra plant needed to supply countries...
The Czech Republic's prosperous market economy, led by automobile exports, boasts one of the European Union's highest GDP growth rates, one of its lowest unemployment levels, and a rising standard of living. Industrial Production in the Czech Republic averaged 2.88% from 2001 until 2020, reaching an all-time high of 14.50% in February 2007 and a record low of -33.70% in April of 2020. The Central European nation’s bauxite importation during 2018-19 demonstrates rapid downfall, as the import volume recorded was 68,381 tonnes and expenditures stood at $10.41 million. The projected import for 2020 has been marked at 17,414 tonnes and revenue expenditure to stand at $2.40 million. However, when the 2020 import volume and expenditure gets summed up, it depicts 85,795 tonnes and $12.81 million...
On Monday, September 14, aluminium alloys (ADC12) price has extended its growth by RMB 100 per tonne from RMB 14,200 per tonne to RMB 14,300 per tonne, despite the plummet in A00 aluminium ingot price, according to the Shanghai Metals Market. The average aluminium alloys (ADC12) prices are expected to range between RMB 14,200 per tonne and RMB 14,400 per tonne. In the east and south, the price has increased by RMB 100 per tonne as well to stand at RMB 14,300 per tonne and RMB 14,100 per tonne, respectively, while that in the southwest has inched up by RMB 50 per tonne to come in at RMB 14,050 per tonne. Aluminium alloy (A380) price has also increased by RMB 100 per tonne to RMB 15,200 per tonne on September 14, with average prices expected to range between RMB 15,100 per tonne and RMB...
Alcoa Intalco Works aluminium smelter curtailment has been concluded according to workers, many of which were laid off in the process. The Pittsburgh-headquartered Alcoa Corporation declared the planned curtailment and layoffs in April’20 specifying declining market conditions and at that particular time, the company estimated 700 workers would be laid off at the Intalco facility beginning in June’20 according to the company’s WARN notification to the Washington State Department of Employment Security. However, as per the 9 th September press release from the International Association of Machinists and Aerospace Workers, 621 were ultimately laid off. A rally in support of the Intalco Works facility and workers was held in Ferndale outside of Pioneer Park the day after the curtailment was...
ISGEC Heavy Engineering, an Indian heavy engineering firm has won an INR 126.50-crore order for a semi-dry circulating fluidised bed scrubbers (FGD) system from Hindalco Industries. The FGD system will be used at one of the Hindalco's 150 MW units at Mahan Aluminium at Singrauli in Madhya Pradesh. The project was won through a competitive bidding process against other technology provider firm. ISGEC said: “The wide scope of the project includes design, engineering, manufacturing, supply, civil works, construction, commissioning and performance guarantee testing for the complete semi-dry flue gas desulphurisation system package. The schedule for completion of the project is 22 months.” ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project...
Thyssenkrupp Carbon Components and Hyundai have led a 19-inch wheel rim in CFRP-aluminium construction to series production. On a further note due to its low weight, it has reduced rolling noise. Developed jointly by Thyssenkrupp Carbon Components and the Hyundai Motor Europe Technical Centre (HMTEC), the forged wheel comprised of an aluminium wheel spider and the rim base made of carbon using braiding technology is attached to it. As stated by the manufacturers, to fully certify the new type of construction, besides the usual tests for wheel trials, additional tests specifically tailored to the material CFRP were required. On test stands and in real vehicle tests, the developers have shown that they have increased acceleration, shorter braking distances and significantly reduced road...
Vedanta Limited’s Lanjigarh has received CII Eastern Region Excellence Award for Safety, Health & Environment in ‘large scale manufacturing unit above 2500 employees’ category. The CII award marks the recognition from CII Eastern Region for the leadership, vision and efforts by organizations in establishing path breaking practices in industrial safety, occupational health and environment protection. Rakesh Mohan, Chief Operating Officer, Vedanta Limited, Lanjigarh received the award during the 14th edition of CII Safety Exhibition and Symposium held virtually on 10th September 2020. Rakesh Mohan said, “The operations at Vedanta Lanjigarh are aligned with the core sustainability aspects, fostered by a culture of care for its employees and the environment it works in. This award is a...
The Government of Uganda has publicized June 2021 as the date for the start of manufacture of electric cars in Uganda, however, failed to hit the deadline in 2018. Kiira Motors on social media conveyed: “Expect us to start manufacturing Ugandan made vehicles from our Vehicle Plant by June 2021.” On a further note to confirm their plans, the company declared its commitment to source most of their raw materials from local manufacturers. Kiira Motors: “We are on the move to gather all the necessary components to deliver all things Made in Uganda. Our first stop is at G Das Industrial Ltd, a company located in Jinja known for smelting Aluminium and manufacture Aluminium profiles.” Kiira Motors Director Production, Albert Akovuku and Director Product Development Richard Madanda piloted the...
Hydro announced Ellen Merete Olstad as a new employee-elected member of the Board of Directors of Norsk Hydro ASA, with effect from September 10, 2020 until next election of employee representatives in 2022. “Olstad replaces Svein Kåre Sund as one of the board's three employee representatives. Sten Roar Martinsen and Arve Baade were re-elected for a period until next election of employee representatives in 2022,” Hydro said. Hydro’ Board of Directors now consists of chair Dag Mejdell, deputy chair Irene Rummelhoff, Rune Bjerke, Thomas Schulz, Liselott Kilaas, Marianne Wiinholt, Peter Kukielski, and the employee-elected board members Sten Roar Martinsen, Arve Baade and Ellen Merete Olstad. Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to...
According to Tesmanian and Reuters report, the new Tesla car factory in Brandenburg, Germany, may source eight Gigapress Machines from IDRA, specialised in diecasting machines, for the production of a single module aluminium diecasting. The single module aluminium diecasting will replace 70 components glued and riveted into the car’s rear underbody for Tesla’s new Model Y, said the company’s CEO Elon Musk. This is just a start of the new automation, with the vehicle’s front parts and other big structure parts to follow. “Will be amazing to see it in operation! Biggest casting machine ever made. Will make the rear body in a single piece, including crash rails,” Musk communicated over social media on 13th August. However, neither Tesla nor IDRA wanted to comment on the current development....
