Italian aluminium window and door components manufacturer Master Group has unlocked a new chapter in its growth strategy as European private equity platform Equinox IV acquired a 60 per cent stake in the company. The investment, made in partnership with the founding Loperfido-Lacatena family, is aimed at reinforcing Master’s international expansion, boosting its production capacities and pursuing strategic acquisitions, with the ambition of building a leading European industrial group. The acquisition is the second investment in Equinox IV’s log book. The Loperfido-Lacatena family retains a 40 per cent stake, with co-founder and CEO Michele Loperfido would continue to lead the business alongside his children, Annacarla and Stefano, and the existing senior management team. To know the...
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...
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AVC Gemino Doors & Walls has joined Aluminium Stewardship Initiative (ASI) as an Industrial User member. This brings the total number of ASI members working towards a responsible aluminium value chain to 130. AVC Gemino, established in 1989 and was particularly acclaimed its early years for its aluminium stairs, doors and walls, offers a wide range of doors and walls that can be integrated into any kind of interior design. Solutions are based on proprietary aluminium profiles and a large variety of infill materials (numerous types of glazing, panels in wood, acrylic glass etc.). The company provides support, ranging from concept design (including special engineering or an acoustic analysis), project and site management to installation and after-sales services. AVC Gemino is established in...
Emirates Global Aluminium, today, August 19, has marked a year since its first bauxite export from wholly-owned mining subsidiary Guinea Alumina Corporation. In last one year, EGA has exported over 6.1 million dry metric tonnes of bauxite ore to customers around the world, while maintaining a world-class safety performance. Guinea Alumina Corporation is now on track to ramp up to full production of nearly 12 million tonnes per annum by the end of 2020. The start-up of GAC in August 2019 and the first production at EGA’s alumina refinery in Abu Dhabi earlier in 2019 completed EGA’s strategic expansion in the upstream aluminium sector. Currently, throughout the ramp-up, GAC is focusing on safety. There have been no injuries leading to time off work in operations so far. GAC’s total...
Montenegro-based aluminium company Uniprom has inaugurated its aluminium billets manufacturing unit at aluminium smelter KAP's factory in Podgorica, SeeNews reported. The 15 million euro ($17.9 million) unit will have a manufacturing capacity of 70,000 tonnes of aluminium billets. "We know that a new silumin factory was recently opened within KAP, which already produces special alloys valued at around $75 million per year. I would like to extend my sincere congratulations to the owner of Uniprom, Veselin Pejovic, for the brave business moves, for the investments of over 25 million euro in production capacities, and above all for the new jobs at KAP," prime minister Dusko Markovic said at the official opening of the unit. The unit has a workforce of 80 employees, the Montenegrin government...
Hindalco Industries Limited has increased the prices of its aluminium ingot and aluminium product by 1 per cent with effect from Thursday, August 20. With the latest hike, Hindalco’s aluminium ingot price has rebounded to INR 150,000 per tonne, up INR 1,250 per tonne or 1 per cent from INR 148,750 per tonne on August 15. The price of Hindalco’s aluminium wire rods has also been raised by INR 1,250 per tonne to INR 161,100 per tonne versus INR 159,850 per tonne last week. The company’s aluminium billets price has now come in at INR 157,100 per tonne with the latest hike from INR 155,850 per tonne on August 12. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month futures of the metal on the London Metal Exchange. In the last one week,...
The entire value chain of the aluminium industry has been evolving rapidly over the last few years, with the expeditious growth of its usage in various end-use products and increasing awareness for recycling. But now, with the emergence of the COVID-19, the aluminium metal industry has taken a new dimension, with new potential trends and developments across the global non-ferrous metal sector. Hence, AlCircle has published a new Sector Focus Report on the topic - “ Global Aluminium Industry – Key Trends to 2030” to take its readers through the key developments expected to emerge in the next 10 years. In this report, AlCircle has attempted to explore geographic trends of each sector of the aluminium value chain, along with the new products, applications and substitutes expected for each of...
The auto manufacturers are grasping that being environmentally responsible and profitable are not mutually exclusive. Being environmentally responsible can achieve better growth, cost savings, improve brand recognition, and increase profitability. The environmental impact of the responsible use of resources is beneficial to everyone; hence automotive manufacturers play a vital role. Environmental consciousness is occurring at all channels of the production process. Audi’s closed-loop recycling manufacturing process and Ford's closed-loop recycling manufacturing process are the leading examples. Aluminium die-casting manufacturers are reducing their carbon footprint with the use of green aluminium. Green aluminium is manufactured using less carbon-intensive hydropower rather than...
According to the GKI Economic Research Co., the annual growth rate in the Hungarian economy is about to slow down significantly in 2020 and after 5.1% in 2019 the GDP growth rate is forecasted at 2.7%. The growth remains balanced in 2020, which means both internal trends and export promote fast growth. The major industries that contribute highly to the economy of Hungary are electrical goods, mining, metallurgy, construction materials, food processing, electronics, textiles, chemicals, pharmaceuticals, motor vehicles, information technology. The landlocked Central European nation recorded aluminium stranded wires export during 2018-19 at 29,052 tonnes and the earnings stood at $48.39 million. The projected export for 2020 has been analysed to remain at 15,021 tonnes and earning to...
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia, has announced its second quarter financial results for the three months ended 30 June 2020. Revenue decreased by 18.9% to RM1.73 billion in 2Q FY20, from RM2.13 billion in 2Q FY19 on lower realised aluminium prices. “However, we have existing hedges that partially locked in some favourable pricing and our average selling price in 2Q FY20 was higher than the average market price.” Profit before tax (PBT) increased by 1.2% to RM124.92 million in2Q FY20, from RM123.47 million in 2Q YF19. Group Chief Executive Officer Tan Sri Paul Koon stated: “The second quarter of this year was a very challenging and tumultuous period where the pandemic was at its height. With many countries seeing reduced economic...
On Tuesday, August 18, Orange City Council approved a development application for a $4.8 million aluminium extrusion and powder coating plant on the site of the former Electrolux factory. A-Tech Extrusion Systems, an industry leader in supplying high quality aluminium windows & doors across Sydney, wants to install equipment at the aluminium extrusion plant to produce 9,000 tonnes of finished product per year. The applicant proposed to operate the plant 24 hours a day, 7 days a week over three shifts, and with sixty staff. The plans to make components for: The construction industry including windows, doors, skylights, canopies, louvers etc. Transportation – automotive structural and chassis components, crash management systems electrical and energy – solar energy mounting systems, LED...
Emmaljunga Barnvagnsfabrik AB, based in Sweden, a child mobility manufacturer with a clear green vision and focus on quality and sustainability, has selected Hydro as the supplier of low-carbon aluminium for their NXT product line in model year 2020/21. Hydro REDUXA has a maximum carbon footprint of 4.0 kg CO2 per 1 kg aluminium produced. “It's very encouraging to see Hydro REDUXA gaining traction in yet another industry. Emmaljunga’s forward-leaning approach to material selection and sustainability is impressive and we are proud to be selected as their supplier for this product range,” said Jennie Rutgersson, Account Manager, Hydro Extrusion Sweden. The NXT product line is made according to their "green vision," of a factory that is circular in its use of energy and material resources,...
Three-month LME aluminium trended higher on Tuesday, closing 0.91% firmer at US$1,773 per tonne. Open interest fell 10,706 lots to 797,000 lots. It is expected to move between US$1,750-1,780 per tonne today. As of Tuesday August 18, LME aluminium cash (bid) price stands at US$ 1733 per tonne, LME official settlement price stands at US$ 1733 per tonne; 3-months bid price stands at US$ 1770 per tonne, 3-months offer price is US$ 1770 per tonne; Dec 21 bid price stands at US$ 1848 per tonne, and Dec 21 offer price stands at US$ 1848 per tonne. The LME aluminium opening stock stood at 1590550 tonnes. Live Warrants totalled 1355900 tonnes, and Cancelled Warrants were 234650 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1760.70 per tonne. SHFE Aluminium Price Trend...
On Wednesday, August 19, A00 aluminium ingot price has recorded a hike for the second day in a row by RMB 100 per tonne to stand at RMB 14,640 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,620 per tonne and RMB 14,660 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne, down by RMB 20 per tonne from the previous day. Tianjin has seen the highest increase today of RMB 170 per tonne to RMB 14,670 per tonne, followed by a rise of RMB 140 per tonne to RMB 14,660 per tonne in Hangzhou. In Wuxi and Shenyang, the A00 aluminium ingot price has climbed up by RMB 130 per tonne and RMB 120 per tonne to come in at RMB 14,660 per tonne and RMB 14,685 per tonne, respectively. In Foshan and Chongqing, the primary...
Hydro has paused operation of 244 kilometer long pipeline transporting bauxite from Hydro’s Paragominas bauxite mine to the Alunorte alumina refinery for extended maintenance, temporarily suspending production at the mine. Hydro had scheduled the replacement of two sections of the pipeline in Q3 and Q4 of 2020, as part of the long-term maintenance plan for the pipeline. During the planned maintenance work in Q3, it was discovered that a section of the pipeline had deteriorated faster than expected. Based on a technical assessment, it was decided today to extend the maintenance and replace this section of the pipeline earlier than initially scheduled. The halt in bauxite supply will effect in curtailment of production at Alunorte alumina refinery which is considered as the world’s largest...
Azelio, a public Swedish company specialising in thermal energy storage with dispatchable power invented a revolutionary technology for its unique capability to produce electricity and heat from the storage on-demand at all hours of the day, as the system stores energy in recycled aluminium will institute a verification project in Abu Dhabi in Q3 2020 together with Masdar and Khalifa University. The objective of the installation is to analysis Azelio's energy storage technology for inclusion in the Masdar product portfolio for current and future renewable energy projects. An agreement has now been signed with ALEC Energy to set up the Azelio project site in Masdar City, Abu Dhabi. The arrangement for Azelio's energy storage installation in Abu Dhabi is progressing as per the plan. The...
As part of the continued efforts to help combat the COVID-19 pandemic, Lindal Group has distributed 25,000 cans of hand sanitiser between three companies and donated to hospitals, care homes, schools, charities, and the emergency services. According to the report, Lindal Group has distributed the cans of Rainbow hand santiser, which were designed, produced, and filled in collaboration with Ball Aerosol Packaging Devizes (UK) and Reabrook. The work behind the sanitisers involved the development of new formula and 12 weeks of stability testing. They were packaged using Ball Corporation’s aluminium aerosol cans which accommodate Lindal’s valve and actuator technology and then filled on one of Reabrook’s high-speed filling lines and safety checked with leak detection and pressure. Lindal...
ALUCAST 2020 has been cancelled because of the global concerns over public health & safety due to COVID-19. The event was scheduled to be held from 3-5 December, 2020 in Chennai. ALUCAST 2020, one of the most anticipated events for the aluminium die-casting Industry, was expected to attract more than 300 exhibitors from over 15 countries and more than 5000 visitors. However, the global escalation of the COVID-19 pandemic has significantly impacted the staging of physical exhibitions in their traditional format. Mr. Prasan Firodia, Chairman, Aluminium Casters' Association (ALUCAST) & Managing Director, Jaya Hind Industries and Force Motors said, "We do not envisage a scenario for our exhibitors and visitors to fully experience and benefit from the 2020 edition of ALUCAST. We have taken...
According to the data released by the United States Geological Survey for May 2020, the US aluminium plates, sheets and bars exports to Mexico stood at 13,800 tonnes, down by 4,700 tonnes or 25.41 per cent from 18,500 tonnes in April. In March 2020, the United States exported 26,900 tonnes of aluminium semis, registering a hike of 2,800 tonnes or 11.62 per cent from 24,100 tonnes in February. In April, the aluminium semis exports from the US to Mexico declined by 8,400 tonnes or 31.22 per cent month-on-month. Even February witnessed a downfall of 2,000 tonnes or 7.66 per cent from the exports in January. On a year-on-year calculation, the United States aluminium plates, sheets and bars exports to Mexico in May 2020 stood down as well by 17,700 tonnes or 56.19 per cent from 31,500 tonnes....
According to a Reuters report, China's Henan Shenhuo Coal and Power announced it will secure a thirty six percent (36%) stake in alumina project in the Guangxi region. This will help the company in minimizing its imports of the raw materials. The 3.12 billion yuan ($450 million) first phase of Guangxi Longzhou's alumina plant, which is likely to start production in December, will have a production capacity of million tonnes per year. The construction at the site started in November 2019. Shenhuo, whose affiliate manufactures aluminium in Yunnan next to Guangxi, will not pay for the interest in Guangxi Longzhou Aluminium being transferred from Hangzhou Jinjiang. It will assume investment responsibilities, Reuters report. Shenhuo may raise its stake up to 51% while Hangzhou Jinjiang will...
