Hydro and Mercedes-Benz have expanded their long-standing partnership through a new long-term agreement covering the supply of low-carbon primary and recycled aluminium, strengthening efforts to reduce emissions across the automotive supply chain. The agreement will cover at least 10 per cent of Mercedes-Benz's primary aluminium demand and extend beyond 2030. Under the agreement, Hydro will progressively lower the carbon footprint of the primary aluminium supplied to Mercedes-Benz to 3.5 kg of CO2e per kg by 2028. The partnership will also introduce Hydro CIRCAL recycled aluminium, which contains at least 75 per cent post-consumer aluminium scrap, into Mercedes-Benz production from 2027. The agreement builds on the companies' collaboration established in 2022 and provides long-term demand...
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...
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According to a recent report, the Odisha Government has designated the hospital of Utkal Alumina International Limited, located at Doraguda village of Kashipur, Rayagada district, as the Covid Care Centre. Aditya Birla Group Company’s Utkal Hospital was earlier being used for institutional quarantine and treatment of asymptomatic COVID-19 patients and those with mild symptoms. The sense of resolve is apparent as the doctors, paramedics and support staff of Utkal Hospital gear up to shoulder this additional responsibility. The hospital is well-equipped with 22 beds, 500 full body suits, N95 masks, three ventilators, respirators, defibrillators. There are also 2 ICU beds and 22 general beds, with an ambulance on standby. So far, about 50 people have been cured and discharged from the...
Ball Corporation, a supplier of innovative, sustainable packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services, has completed the acquisition of Tubex Industria E Comercio de Embalagens Ltda., an aluminium aerosol packaging business with a plant near Sao Paolo, Brazil. The facility contains eight extruded aluminium aerosol can lines and manufactures personal care packaging for global and local customers. The acquisition will complements Ball's global aluminium aerosol and slug business in the Americas, Europe and India. "As the demand for sustainable aluminium packaging continues to grow among customers and consumers worldwide, this investment allows us to broaden our geographic reach and serve this...
During the end of 2019, a large production investment of about 600 million kuna has been nominated for the status of a strategic investment project, the door now is wide open for it and the included Croatian experts through its recent inclusion on that very list. Subsequently, in Croatia, among other things, comparatively prompt kick-off of serial production of the first aluminium components for the German BMW is expected. It’s time for Croatian experts on hand to once again show the level of skill that this small country continually produces across all fields. The BMW aluminium components that would be produced in Croatia will majorly function to protect the brakes of the cars. However, at the same time preparations for the new production programme of the Sibenik-based company Impol -...
The US dollar hit a more than two-year low and a fourth straight month of losses on Monday in the wake of the US Federal Reserve’s policy shift on inflation. It is down 1.24 per cent for the month, marking its worst August in five years and the longest run of monthly losses since the summer of 2017. Shanghai base metals, except for aluminium, opened on a positive note on Tuesday morning, holding onto overnight gains, while their counterparts on the LME increased across the board, as the dollar hit two-year low on the back of the US Federal Reserve’s policy shift on inflation. The LME market was closed on Monday, August 31, for a summer bank holiday and will resume normal trading on Tuesday, September 1. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased marginally by...
Impol Group has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for its smelting and casthouse operations in Bistrica, Slovenia. The plant manufactures rolled, extruded and drawn semi-product of aluminium alloys for pharmaceutical, food, transport, construction, aeronautical, aerospace and other sectors. The facility produced nearly 250,000 tonnes of rolling slabs and extrusion billets, sheets, strips, circles, trade plates, plain foils, extruded and drawn rods, tubes and wires, extruded profiles mechanical components and forged parts in 2019. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation...
Nicolas Guay, SEF Equipments, explains: “I went to shops in town and saw stations that didn't do the job. It was leaking everywhere; you had to weigh a button with one hand. I told myself that we could surely do better. While designing, I thought about companies that have to dedicate manpower for filling, which doesn't make good sense in a time of manpower shortage, so I wanted them to make life easier. The terminals can go up to 50,000 washes without filling. Our automatic kiosks are made for supermarkets and institutions.” Nicolas has just launched this product made of aluminium. The HYM terminals were also in a period of external tests, at the micro-festival “On brasse la région”, held in recent days in the Chicoutimi port area. “We start the sales period for the product. I think it...
Chinese aluminium products company China Zhongwang Holdings Limited has curtailed its European sales operation as a result of the European Union’s anti-dumping investigations and coronavirus-induced economic downturn, said two sources familiar with the matter. Zhongwang, a world leading manufacturer of aluminium extrusions widely used in the transport, construction, and electronics industries, has its European office in Frankfurt. An unnamed source at the company told Reuters on Monday, August 31, "We do not know if we are closing in Frankfurt yet, but we are going through a restructuring with some people leaving." The company in March had unveiled its plans to outgrow its aluminium extrusions business via a listing in Shanghai. But a few months later, it told Reuters that its Europe...
The Alkaline Water Company Inc., a producer of premium bottled alkaline water, flavor-infused waters, and CBD infused products, announced that Dot Foods Inc., the largest food redistribution company in the U.S., will offer the entire line of Alkaline88®, A88 Infused™, and aluminium bottles to its 4,300 customers nationwide. The entire range will be available by September 21, 2020. “Adding the largest foodservice redistributor, Dot Foods, to our growing list of channel partners is another milestone for the Company. Every year, Dot Foods sells millions of cases of beverages to its customers. This relationship will give us an entry into the hospitality industry, which we view as a significant opportunity for our growing lifestyle brands. There are over 600,000 restaurants and foodservice...
The Australian Stock Exchange-listed firm Canyon Resources has received binding commitments to undertake a $10 million placement. The funds will be raised through the issue of 100 million shares to institutional, sophisticated and strategic investors at 10 cents each. The price represents a 33.3% discount to the close on 25 th August of 15 cents and a 19.9% discount to the 30-day volume-weighted average price. Acting as a Lead Manager, Ashanti Capital will receive four million unlisted options for 20 cents with an exercise date of three years from issue. On a further move, strategic investor Peter Su has become a cornerstone investor in Canyon, taking up A$5.6-million of the placement, and a 9.4% stake in Canyon. Phillip Gallagher, CEO, Canyon Resources said: "Canyon is very pleased to...
Beverage supplier MSP, Inc. has launched Emerald Coast Ultra Pure Water in 100% aluminium reusable bottles. The company said Emerald Coast Ultra Pure Water is the First and Only Florida brand of bottled water that comes in aluminium bottles. “We know consumers are looking for alternatives when it comes to cutting back on drinking water from plastic bottles. We are meeting that demand in 2020 and beyond on a local, regional, and national level, with our 100% recyclable aluminum bottles of water. Retailers and C-Stores can now bring in what consumers are looking for. Think Globally and Act Locally.” “Yes, drinking an aluminum bottle of water may seem odd, but so was drinking water from a plastic bottle. Now that’s the norm”, Daniel Rogers, VP of Marketing, said. The 16.0oz/473ml recyclable...
Teenage Army Cadet Frankie Newbatt from Whittlesey has collected thousands of aluminium cans with the help of local people and business for the charity Helipads for Hospitals. Helipads for hospitals are appealing for aluminium cans, which can be recycled and used in the manufacture of helipads. This will allow helicopters to carry critically ill patients to save crucial time by landing closest to the hospitals. The project is part of Frankie’s Duke of Edinburgh’s Award Course supported by the Army Cadet Force, challenging young people with a series of self-improvement exercises. The Army Cadet Force also emphasizes community work. Previously, they conducted fund-raising activities for helipads for hospitals. Frankie has been supported by his parents, Lisa and Matthew, who helped him to...
Okaya has teamed up with BluSmart Electric Mobility for electric vehicle charging stations across the country. The partnership aims to provide a well-laid out EV charging stations for their fleet operations. Anshul Gupta, Director, Okaya Power Private, said the collaboration will play a significant role in accelerating the country’s transition towards electric mobility. “Our partnership with BluSmart Electric Mobility is the true testament of our ability to provide world-class EV charging infrastructure solutions and we are committed to taking this association to greater heights. This partnership undeniably represents a major milestone and a strong step towards providing a pollution-free green mode of transportation with an unwavering commitment to safety, reliability, and efficiency. We...
The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries. Turkey has the world's 19th-largest nominal GDP and 13th-largest GDP by PPP. The bauxite deposits of Turkey are mainly concentrated in eight provinces, six of which are located in the Anatolide–Tauride, one in the Arabian Platform and one in the Pontides. The nation’s bauxite exportation during 2018-19 reflects positive development, as the export volume stood at 2.71 million tonnes and earnings stood at $107.16 million. The estimated export volume for 2020 has been marked at 1.65 million tonnes and earnings to outreach at $67.87 million. However, when the 2020 export volume and...
Three-month LME aluminium broke above US$1,800 per tonne to a more than half-year high of US$1,806 per tonne on Friday, ending 0.12% higher at US$1,798 per tonne. As of Friday August 28, LME aluminium cash (bid) price stands at US$ 1762 per tonne, LME official settlement price stands at US$ 1762 per tonne; 3-months bid price stands at US$ 1797.50 per tonne, 3-months offer price is US$ 1797.50 per tonne; Dec 21 bid price stands at US$ 1875.50 per tonne, and Dec 21 offer price stands at US$ 1875.50 per tonne. The LME aluminium opening stock stood at 1554375 tonnes. Live Warrants totalled 1323025 tonnes, and Cancelled Warrants were 231350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1783.87 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
According to the Shanghai Metals Market, A00 aluminium ingot price has grown by RMB 80 per tonne on Monday, August 31, to stand at RMB 14,760 per tonne, following two consecutive declines of RMB 40 per tonne and RMB 50 per tonne to come in at RMB 14,680 per tonne. The average prices today are expected to range between RMB 14,740 per tonne and RMB 14,780 per tonne, with spot contract to be traded at a premium price of RMB 10-50 per tonne. In Wuxi and Gongyi, the price has surged by RMB 80 per tonne to RMB 14,750 per tonne and RMB 14,630 per tonne, respectively, while that in Hangzhou and Chongqing has increased by RMB 70 per tonne to hover at RMB 14,750 per tonne and RMB 14,700 per tonne. In Shenyang and Foshan, A00 aluminium ingot price has climbed up by RMB 60 per tonne to come in at RMB...
A3 Surfaces, the company that offers a treatment service for anodized aluminium surfaces to make them antimicrobial, will install its first plant in the former Groupe Gagnon Frères warehouse in the Henri-Girard industrial park in Chicoutimi, Saguenay. According to Dr Guy Leblanc, Spokesperson and Vice-President of the health component of A3 Surfaces: “The leaders of the company signed a lease of several years with an option to buy from the owner Michel Lavoie.” “The plant will be operational in January 2021. The anodizing line alone represents an investment of $ 3M. The layout and equipment are in the order of $ 4.5 million out of the $ 7 million provided for in our business plan”, underlines Dr Leblanc. The work to fit out the building has begun and there are around ten employees....
Business conglomerate DCM Shriram's arm Fenestahas planned to construct an aluminium window and door plant in Bhiwadi, Rajasthan with an investment of about INR 25 crore. The company also seeks to expand portfolio and gain market share. DCM Shriram entered the UPVC windows and doors business in 2002 through Fenesta Building Systems and is now foraying into the aluminium windows and doors business. "We have set up a new facility for system aluminium windows and doors. This is located at our existing facility of UPVC doors and windows at Bhiwadi," Fenesta Business Head Saket Jain told PTI. The company will further invest an additional INR 10 crore in the next one year to grow this business. Jain said, "The market for windows and doors in India is about Rs 15,000 crore annually. About 65...
Navin Agarwal, Executive Vice Chairman, addressed employees at Vedanta’s alumina refinery in Lanjigarh on Saturday through a virtual townhall meeting. Vedanta Limited reaffirmed its commitment to an Atma Nirbhar Bharat. The entire leadership team of the refinery, employees and business partners were present at the virtual meeting. Rahul Sharma – CEO Alumina business and Rakesh Mohan, COO – Vedanta Limited, Lanjigarh were also present along with other members. Navin Agarwal, Executive Vice Chairman, Vedanta Ltd said, “I commend the technological excellence the alumina refinery has unlocked. This plant is poised to make a mark in the history of aluminium production in the world. The refinery will continue to support ‘Atma Nirbhar Bharat’ by producing high quality raw material for aluminium...
