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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Honor, a company owned by Huawei Technologies has glared its entry into a new segment in India. The company has launched its first laptop — Honor MagicBook 15 in the country. The Honor MagicBook 15 comes with an aluminium chassis and a pop-up webcam which is hidden beneath the camera button placed on the keyboard. The MagicBook 15 users just have to tap on the camera button on the keyboard which will make the camera pop-up. The company professes that this hidden camera technique will safeguard the privacy of the user and will secure them against remote hijacking and peeping. The Laptop comes in Space Gray and Mystic Silver colour options and is priced at INR 42,990. The laptop will be available through online window starting 6 th August’20. As part of the launch offer, the company is...
Vedanta Limited has continued to hike its aluminium ingot and aluminium product prices, following the growth on July 24. The latest hike in price came into effect on July 30, marking the second consecutive increase in Vedanta’s aluminium prices. Vedanta is now selling its aluminium ingot at INR 144,000-157,000, up INR 2,250 per tonne or 1.59 per cent from INR 141,750-154,750. Vedanta’s aluminium wire rod selling price is at INR 151,500-159,000 per tonne, higher by INR 2,250 per tonne or 1.51 per cent from INR 149,250-156,750. Vedanta’s aluminium billet price has also been raised by INR 2,250 per tonne or 1.50 per cent from INR 149,750 on July 24 to INR 152,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the...
AMAG, a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, reported revenue of EUR 463.8 million in the first half of 2020, down 16.4% due to lower shipments and aluminium price. “Global economic growth in the first half of 2020 was considerably affected by the COVID-19 pandemic, leading to a major slowdown in the global economy and significantly affecting price and demand trends for AMAG’s products (primary aluminium, recycling cast alloys and aluminium rolled products),” the company said. Gerald Mayer, CEO of AMAG: “After a good start to 2020, the COVID-19 pandemic was reflected in the second quarter mainly by a lower level of orders from the transport sector. AMAG’s broadly diversified product portfolio, with its focus on specialty products and...
The US Secretary of State Michael Pompeo stated Washington has announced the expansion of sanctions on Iran to counter nuclear, missile and military programs. The expansion of sanctions enforcement declares that the United States would punish anyone who transfers 22 specific metals, out of which 10 are in the form of aluminium that could be used in Iran's weapons programs. Pompeo’s statement runs as: “Iran’s nuclear, ballistic missile, and military programs pose a grave threat to international peace and security. To address these threats, I am announcing a major expansion of the scope of State Department-administered Iran metals-related sanctions. Today, the State Department is identifying 22 specific materials used in connection with Iran’s nuclear, military, or ballistic missile...
Klaveness Digital, the Norwegian technology company that assist shipping and logistics into the future to empower industrial companies to make better-informed decisions, delivered a solution that improvised Alba to arrange their shipments more methodically, evading collisions during berth and will give provide them live updates on the estimated time of arrivals. Aluminium Bahrain B.S.C. (Alba) invariably ranks as one of the largest and most modern aluminium smelters in the world based in the Kingdom of Bahrain and is a major contributor to the social, industrial and economic development of the Kingdom. Presently Alba is employing over 3000 people and importing the major raw material dry bulk of about 3 million metric tonnes annually. The challenge Alba was facing is the composite manual...
CANPACK announced that it has started commercial production of aluminium beverage cans at its greenfield investment in Stribro. The company is manufacturing beverage cans for the Plzeňský Prazdroj, a prominent Czech brewery and a member of the Asahi Group. “This facility is a landmark in Canpack’s continued strategic partnership with Asahi and Plzeňský Prazdroj. Yet another step to becoming the global partner of choice for impactful, experience-enhancing and sustainable packaging solutions” said Stephen McAneny, Group Commercial Officer at CANPACK. The new facility with a total value of over 100 mln Euro is located in the town of Stříbro – in the region of Pilsen, western Czech Republic. The annual capacity of the plant will reach approximately 1 billion cans with a potential for further...
Balancing between “lives and livelihoods” is what we are learning during the crises of the COVID-19 pandemic as it has brought an unprecedented shock to many industries and the global economy as a whole. Needless to say, the aluminium industry is no different, with adverse impacts on profitability due to disparity between production and consumption and low selling prices. At this time, surviving in the industry with sustainable operation has become a major challenge for most businesses. However, to confront this together, AlCircle has come up with yet another futuristic theme e-Magazine on the topic “ Covid-19 Impact: Importance & Emergence of Industry 4.0 ”. This e-Magazine is aimed at providing you with all the necessary information and suggestion on how the implementation of Industry...
The major contributor to the economy of Belgium is its industries like engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum, etc. The Western European nation’s aluminium scrap export during 2017-19 remains enterprising, as the export volume recorded was 636,220 tonnes and the revenue earning stood at $560.56 million. The aluminium scrap export for 2020 has been forecasted to be at 290,137 tonnes and earning to be at $316.54 million. When the evaluated export volume and earning of 2020 gets assorted with the existing three years it stands at 926,357 tonnes and $877.10 million respectively. In 2017, Belgium’s aluminium scrap export was marked...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 712,000 tonnes as of Thursday July 30, up 10,000 tonnes from last Thursday. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Shanghai, Nanhai and Tianjin increased by 6,000 tonnes, 8,000 tonnes and 2,000 tonnes to 118,000 tonnes, 182,000 tonnes and 58,000 tonnes as of Thursday July 30. Stocks in Linyi remained unchanged at 5,000 tonnes. Inventories of aluminium in Wuxi, Hangzhou, Gongyi and Chongqing stood at 214,000 tonnes, 95,000 tonnes, 37,000 tonnes and 3,000 tonnes. That was down 2,000 tonnes, 2,000 tonnes,...
A cargo ship bringing alumina feedstock to Tomago Aluminium has been seized on the dock at Newcastle over alleged underpayment and other breaches of seafarers' minimum conditions by the International Transport Workers Federation (ITF). Dean Summers, the head of the ITF in Australia, said: “The ship, the Unison Jasper, had been recently seized in Brisbane over underpayment but had been allowed to leave again after $93,000 in wages was paid to 11 Burmese crew.” Mr Summers said: “More paperwork had come to light showing another $60,000 at least was still owed, and so the vessel had been detained at Kooragang Island, where it just had unloaded its cargo of alumina.” "It won't be going anywhere until this is sorted.” Matt Howell, CEO, Tomago Aluminium, said: “The company did not own or operate...
Three-month LME aluminium weakened 0.17% to US$1,724.5 per tonne in choppy trading on Thursday. It is expected to move between US$1,710-1,750 per tonne today. As of Thursday July 30, LME aluminium cash (bid) price stands at US$ 1681.50 per tonne, LME official settlement price stands at US$ 1681.50 per tonne; 3-months bid price stands at US$ 1719 per tonne, 3-months offer price is US$ 1719per tonne; Dec 21 bid price stands at US$ 1798 per tonne, and Dec 21 offer price stands at US$ 1798 per tonne. The LME aluminium opening stock stood at 1643125 tonnes. Live Warrants totalled 1382325 tonnes, and Cancelled Warrants were 260800 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1729.86per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to...
A00 aluminium ingot price remained unchanged at RMB 14990 per tonne. The price is expected to move within a range of RMB 14970-15010 per tonne. Aluminium ingot price in Foshan registered an increase of RMB 10 per tonne from Thursday’s price of RMB 14930 per tonne. The price now stood at RMB 14940 per tonne on Friday, 31 July 2020 and is expected to move within a range of RMB 14920-14960 per tonne. In Wuxi and Chongqing, aluminium ingot price did not show any movement today. The prices remained unchanged at RMB 14990 per tonne and 14880 per tonne. Aluminium ingot prices in Hangzhou, Linyi and Gongyi stood at RMB 14990 per tonne, RMB 14930 per tonne and RMB 14865 per tonne on Friday, 31 July 2020. That was down by RMB 10 per tonne, RMB 10 per tonne and RMB 25 per tonne. In Shenyang and...
PT Cita Mineral Investindo Tbk presumes that the performance of its bauxite and alumina business will pursue to grow for the left-over 2020, despite the challenges of the COVID-19 pandemic. The company is yet to report its results for the first half of operational performance. During Q1 of 2020, CITA produced 2.62 million tonnes of Metallurgical Grade Bauxite (MGB). This number grew 45.55% on Y-o-Y compared to production in the first quarter of 2019 of 1.80 million tonnes. On 30 th July’20, Yusak Lumba Pardede, Director of Cita Mineral Investindo said: “Until the end of the year, the company targets MGB production in the range of 10.2 million tonnes - 11 million tonnes. It is hoped that there are no significant obstacles so we can reach the target at the end of the year.” The Director...
The 74th Ordinary Assembly of Amafond, the Italian Foundry Suppliers’ Association, took place on 23rd July’20, in the setting of Borgo Santa Giulia in Brescia area. On this occasion, elections were held for the renewal of the Executive Committee for the 2020-2021 periods: Riccardo Ferrario was elected new President of Amafond. He is the General Manager of Idra Group of Travagliato (Brescia area) since 2009, a company that boasts over 70 years of experience in the production of die casting machines and auxiliary equipment, with a background in Fiat Teksid, Meridian Technologies and EurAlcom. The following people were elected as Vice Presidents for the Product Group: Luca Casella (Director - Sipag Bisalta Spa) and Angelo Vezzuli (General Manager - EKW Italia Srl), while for the Machinery...
TRIMET Aluminium SE to engage in the “Aluminium Electrolysis 4.0” project. In collaboration with the University of Wuppertal, the materials expert is developing innovative concepts for more efficient production of aluminium in fused-salt electrolysis and for transforming aluminium production to the power supply through renewable energies. The major focus is to reduce CO2 emissions by enhancing operational energy efficiency. A large number of aluminium electrolysis process optimizations are being researched and tested. The method developed by TRIMET to make aluminium electrolysis more flexible, which the company is presently testing on an industrial scale. The primary outcome of the research project exhibit that energy can be saved and efficiency increased by optimizing cathode design,...
On Wednesday, July 29, PyroGenesis Canada Inc. reported that its revenue doubled in just three months of the second quarter of 2020 ended June 30, as its contract with waste management company Drosrite International LLC paid off. From C$913,769 in Q2 2019, PyroGenesis’ revenue increased to C$2.1 million over the year. Drosrite sales in the quarter were more than C$1.3 million. The company’s comprehensive income came in at $C5.2 million, more than quadruple the C$2.3 million it saw a year earlier. Cash in hand also increased at the end of the quarter from C$34,431 at the end of December to C$1.5 million. PyroGenesis Canada manufactures and sells aluminium dross processing Drosrite systems and technology to Saudi Arabia and other Middle Eastern countries. Aluminium dross is a by-product of...
Showa Aluminum Can Corporation (SAC), a consolidated subsidiary of Showa Denko), headquartered in Shinagawa Ward, Tokyo, held a ceremony on 29 th July’20 to celebrate the completion of its third base in Vietnam to produce aluminium cans. This new production base is in Ba Ria-Vung Tau Province, located in the southern part of Vietnam. Ba Ria-Vung Tau Factory is the third production base of Hanacans Joint Stock Company (Hanacans), which is a consolidated Vietnamese subsidiary of SAC, and has production lines with a capacity to produce 1.3 billion can body per year. In addition to the construction of Ba Ria-Vung Tau Factory, Hanacans is now installing an additional line to produce can ends in its Bac Ninh Factory located in the suburb of Hanoi. SAC acquired shares in Hanacans in May 2014 and...
Wheels India Limited has planned to export forged aluminium wheels to the US. This would meet the market demands in the US market. The company’s new cast aluminium wheel plant will begin exports to the market from September. “The financial year will be a difficult one due to declining economies in India and Overseas. However, taking a longer term view, we have invested in a cast aluminium wheel factory that will start exports to the US market from September. The demand for the company’s forged aluminium wheels in international markets is expected to improve in the coming year,” said S Ram, Chairman, Wheels India at the 61st AGM of the company. The new initiatives made by the company in the supply of welded and machined parts for the wind energy sector to international companies witnessed...
