Shareholders of Slovenia's Impol 2000 are set to consider a proposal to bring the company's shares onto a regulated market, potentially opening up trading opportunities while introducing tighter corporate disclosure requirements. The proposal will be discussed at a shareholders' meeting scheduled for December 3. Impol 2000, which owns Impol Group, the country's largest producer of aluminium semi-finished products, says the move is intended to improve the ease and speed of share transactions. However, entering the regulated market would also require the company to meet additional transparency standards and comply with rules governing related-party transactions. As of October 29, Impol 2000 had 1,066,767 ordinary, freely transferable, registered no-par value shares. Of these, 979,887...
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...
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According to the latest data shown by the US Geological Statistics, the United States aluminium plates, sheets and bars exports in May 2020 stood at 39,900 tonnes, down by 46.44 per cent month-on-month from 74,500 tonnes. On a year-on-year basis, the exports in May 2020 were down by 46 per cent as well from 73,800 tonnes, showed the data. The United States aluminium semis exports in April were, however, up by 6.58 per cent month-on-month from 69,900 tonnes. In March, the exports grew by 2 per cent from 68,600 tonnes, following a month-on-month restraint in February. In the first five months of the year, the United States aluminium semis exports totalled 295,000 tonnes, registering a year-on-year downfall of 22.16 per cent from 379,000 tonnes. In May 2020, Canada continued to remain the...
CS Aluminium Corporation in Taiwan seeks the government to impose anti-dumping tariffs on Chinese made aluminium foil products. Taiwan Ministry of Finance, on 5 th August’20, revealed in a public notice on its website. As per sources from the ministry, it has been stated: “An investigation is underway, and a provisional tariff could be put in place as early as late November if the allegations are verified.” The petition of CS Aluminium says: “Artificially cheap Chinese-made aluminium foil products have been decimating local Taiwanese production, with prices as low as US$3,024 per tonne.” “This is markedly lower than the price of similar South Korean products shipped to the US for at least US$4,197 per tonne”, the petition says. “The dumping has caused almost all domestically produced...
As the aluminium industry is evolving rapidly across the world with fast-paced developments taking place in its entire value chain, and more so now due to the COVID-19 outbreak, it would be completely worthwhile to take a look at some of the potential trends and developments in the global aluminium sector that are likely to emerge in this decade. So, here is AlCircle’s new Sector Focus Report on the topic - “ Global Aluminium Industry – Key Trends to 2030” . 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 sectors starting from bauxite to recycled aluminium. Technology & Industry 4.0 has certainly got a special attention in the report, as it...
Azizi Development based in UAE has announced its plans to infuse over AED 3.5 billion ($953 million) in the construction of 45 buildings covering Dubai over the next two to three years. The project incorporates developing 14 and 22 buildings in Riviera Phase 3 and 4 respectively, its three Avenue buildings in MBR City, two projects in Dubai Healthcare City, and four projects in Al Furjan. It comes after the developer unfolds sales of over 80% in its ongoing projects, despite the economic crisis caused by the global COVID-19 pandemic. The construction of the Al Furjan and Dubai Healthcare City projects, which will feature around 645 and 973 units respectively; Riviera’s Phase 3, comprising approximately 3,700 units; Phase 4, with around 5,400 units; and the 423 Avenue units, will commence...
Hindalco Industries Limited has extended its aluminium ingot and aluminium product price hike for the third time in a row with effect from Wednesday, August 5. According to the price listed by Hindalco, the aluminium ingot price is now standing at INR 147,750 per tonne, up by INR 2,500 per tonne or 1.72 per cent from INR 145,250 per tonne on July 30. The price of Hindalco’s aluminium wire rod is now at INR 158,850 per tonne, registering a hike of INR 2,500 per tonne or 1.60 per cent from INR 156,350 per tonne. The company’s aluminium billet price has also been raised by the same amount or 1.64 per cent from INR 152,350 per tonne to INR 154,850 per tonne. Like any other major Indian aluminium producers, Hindalco links its aluminium prices to the three-month futures of the metal on the...
Spanish wine producer and exporter Producto de Aldea has selected Ardagh’s Wine Can as it looks to extend its market reach. The company has picked the special 250ml Slim Wine Can as the perfect new packaging option for its premium wine drinks and wines previously only available in a classic glass bottle. Producto de Aldea has bought its own filling line, which can fill 1,600 cans per hour, reflects the company’s recognition that the Wine Can offers an exciting opportunity for business growth. After a short delay due to Covid-19 restrictions on technicians’ travel, the line began operating in mid-July. Dirk Schwung, Sales Director at Ardagh Group’s European Metal Beverage business unit, said: “The Wine Can is our response to the demand for convenient, lightweight and sustainable packaging...
Hydro announced that Rupert Fertinger GmbH will to acquire Hydro Extruded Solutions operations in Remscheid, Germany. Hydro and Rupert Fertinger GmbH (Fertinger) have signed a Term Sheet for Fertinger to acquire the company’s welded tube business in Remscheid, Germany. The Remscheid operations, which employ 124 people, was planned to be closed by Hydro at year end. The agreement is expected to be completed on October 1, 2020. “In the transaction, Fertinger will take over a majority of the employees, and the transaction will secure continued deliveries to the customers of Hydro Remscheid.” “We are pleased to have reached an agreement with Fertinger that will allow for the continued operations of the Remscheid facility. We see this as a good solution, both for the employees and for the...
Italy is a developed nation with extensive infrastructure, a rich cultural history, and control over several exports. Italy's manufacturing industry is very well-developed, and it is ranked sixth in the world. The nation is a significant producer of industrial minerals. The Bauxite exportation market of Italy during 2017-19 exhibited growth, but remained non-potential, as the export volume stood at 37,441 tonnes and the revenue earnings remained at $2.67 million. The export for 2020 has been estimated with an export volume of 11,365 tonnes and the revenue generation to reach $1.06 million. When the analysed export volume and earnings of 2020 get assorted with the existing three years it depicts 48,806 tonnes and $3.73 million respectively. Italy’s bauxite exportation during 2017 has been...
Three-month LME aluminium finished the day 1.35% firmer at $1,768 per tonne on weaker US dollar index. As of Tuesday August 4, LME aluminium cash (bid) price stands at US$ 1709.50 per tonne, LME official settlement price stands at US$ 1709.50 per tonne; 3-months bid price stands at US$ 1748.50 per tonne, 3-months offer price is US$ 1748.50 per tonne; Dec 21 bid price stands at US$ 1825.50 per tonne, and Dec 21 offer price stands at US$ 1825.50 per tonne. The LME aluminium opening stock stood at 1642050 tonnes. Live Warrants totalled 1383175 tonnes, and Cancelled Warrants were 258875 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1744.50 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2148 per tonne on Wednesday, 5...
The average alumina spot price in China has extended its decline on Wednesday, August 5, however, slower than the previous day. Today, the price has decreased by RMB 8 per tonne to stand at RMB 2,347 per tonne versus the fall of RMB 32 per tonne last day, according to the Shanghai Metals Market. In the east and central, the alumina price has dwindled by RMB 10 per tonne to RMB 2,340 per tonne and RMB 2,345 per tonne, respectively, while that in the north has inched down by RMB 5 per tonne to RMB 2,340 per tonne. In the south, however, the alumina price has remained restrained at RMB 2,520 per tonne. The Australian alumina FOB price has declined by US$ 1 per tonne to US$ 272 per tonne, while the imported alumina price has remained unchanged at RMB 2,365 per tonne. Among other input costs,...
World’s largest aluminium producer, China Hongqiao Group has left the International Aluminium Institute (IAI) within four years of joining the international body of the green metal. The progress depicts that the Chinese aluminium giant has subdued ranks with a body that represented companies producing more than 60% of the metal and its raw materials bauxite and alumina worldwide, before Hongqiao’s departure. China Hongqiao has aluminium smelting capacity to produce 6.5 million tonnes annually. The aluminium company became an IAI member in 2016 and employs Ron Knapp, former IAI Secretary-General as an advisor to the Chinese aluminium company’s Chairman, Zhang Bo. Ron Knapp has confirmed that Hongqiao had resigned from the IAI, but refused to comment anything further. “What Hongqiao is...
Australia's largest extruder and distributor of aluminium products, Capral Aluminium has delivered earnings guidance for H1, ended 30 th June’20. The aluminium firm based on unaudited management accounts, predicts that trading EBITDA for the half-year to 30 June 2020 will be approximately $10.2 million (H1 2019: $2.4 million), with EBITDA for the half-year around $17 million (H1 2019: $3.4 million). Net profit after tax for the six months ended 30 th June’20 will be approximately $4.8 million compared to the comparative prior period loss of $8.4 million. Capral's order absorption, aligned with the budget of Q1 2020, reflected to shrink rapidly in April, prompting management to execute cost-saving measures to meet COVID-19 challenges. In May’20, when Capral enrolled in the Government’s...
Basildon-based crane rental company DSM Contract Lifting has reportedly received a new Böcker AK 46/6000 aluminium truck crane. This is the third Böcker crane DSM has bought. The crane company already has an older AK 44/4000 model, and before the end of the year, it is expecting to take delivery of a new four-axle AK 52 truck crane, with a maximum payload of 12 tonnes. The new aluminium truck crane has a 44-metre boom with and a two-metre hydraulic jib extension. It can lift lift 6 tonnes at a radius of eight metres, 1,000 kg at 26 metres or 250 kg at 39 metres. Böcker AK 46/6000 comes with a wireless remote control with automatic levelling and fully variable positioning of each individual trigger. DSM managing director Melvyn Rogers said: “The new AK 46/6000 went straight to work on a...
Alro SA, one of the biggest vertically integrated aluminium producers of Romania and as well as in Europe, published its third Consolidated Sustainable Value Report for 2019, that delivers a transparent and detailed overview of the Group's efforts around the key environmental, social and governance areas that are important to its investors, employees, customers and other stakeholders. In the context of the latest legislative changes at European level, the Group is committed to comply to and adapt its development strategies and programs. Marian NĂSTASE, Chairman of the Board of Directors of ALRO, said: “In 2019 we continued to implement measures, to create systems and to make progress in integrating sustainability into everything we do, with the ambition of becoming a green factory,...
Andhra Pradesh is reportedly transforming itself into a major hub for automobile and component manufacturers, with some of the world-class brands, including Isuzu Motors India, Hero MotoCorp, Kia Motors India, Apollo Tyres and Bharat Forge, setting up manufacturing operations in the state. Now, in a bid to grow its status in the domestic automotive industry, the state is gearing up to take a lead in the world of electric mobility. Moreover, as the Central government has declared to lend his support to the e-automobile industry, the state of Andhra Pradesh has come up with its own EV policies to become a manufacturing hub for electric vehicles and develop an e-mobility ecosystem like many other states such as Tamil Nadu and Maharashtra. However, the electronic-vehicle industry is still to...
The Mexican Multinational conglomerate Alfa announced on 31 st July’20 that it projects to spin off the gross of its remaining 75% stake in aluminium automotive parts supplier Nemak. As per the company: “If shareholders approve the proposal at an Aug. 17 meeting, they would receive one share of Controladora Nemak for each of their Alfa shares. They would also retain share ownership in Alfa's equity.” Alfa President Alvaro Fernandez Garza said: "We plan a gradual and orderly transition process to make Nemak an independent business.” Alfa said: “Controladora Nemak would be listed on the Mexican stock exchange following the spinoff. Nemak, which began to trade publicly in 2015, would continue to be listed as a separate entity. Nemak shareholders in the future would be able to decide whether...
Following restraints in the past two days at RMB 2,387 per tonne, the average alumina spot price has declined today, on August 4, by RMB 32 per tonne to RMB 2,355 per tonne, found the Shanghai Metals Market. In the central, the alumina price has decreased by RMB 35 per tonne to RMB 2,355 per tonne and that in the North has plunged by RMB 30 per tonne to stand at RMB 2,345 per tonne. In the east, the price has inched down by RMB 15 per tonne to RMB 2,350 per tonne, while that in the south has remained restrained at RMB 2,520 per tonne. The imported alumina price has decreased by RMB 60 per tonne to RMB 2,365 per tonne. However, the Australian alumina FOB price has remained unchanged at US$273 per tonne. As far as other input costs are concerned, the price of aluminium powder has slipped by...
The country's top seven industries in order are steel, coal, iron ore, lead, zinc, manganese and aluminium. Mining output, which accounted for more than 10% of industrial production, rose by 10.4% in 2000. Bosnia and Herzegovina was a major centre for metallurgical industries in the former Yugoslavia and a major producer of bauxite, alumina, and aluminium. Bosnia-Herzegovina has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. The Southern European nation’s bauxite export during 2017-19 reflects growth, as the export volume stands at 68,539 tonnes and revenue earning remained at $2.25 million. The forecasted export for 2020 has been earmarked at 33,159 tonnes...
