ASSA ABLOY has agreed to acquire Brazilian aluminium solutions manufacturer Rometal, strengthening its manufacturing presence in Latin America while expanding its portfolio of door systems, furniture fittings and aluminium products. Announced on November 12, 2026, the proposed acquisition would bring an established Brazilian business with approximately 500 employees into the Swedish group's Americas Division. Rometal recorded sales of approximately BRL 332 million (USD 59 million) in 2025, equivalent to approximately SEK 580 million (USD 57.57 million) in ASSA ABLOY's announcement. The purchase price has not been disclosed. ASSA ABLOY described the company's EBIT margin in 2025 as strong and expects the transaction to be accretive to earnings per share from the start. Rometal acquisition...
Finland-based renewable heat technology developer Coolbrook has joined Australia’s Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) as an affiliate partner, bringing its electrified heating technology into research aimed at decarbonising alumina refining and the wider aluminium industry. The collaboration would explore how high-temperature electric heating can support next-generation alumina refineries, reducing reliance on fossil fuels. Coolbrook would work alongside major alumina and aluminium producers, including Emirates Global Aluminium (EGA), Alcoa, Rio Tinto, South32 and Hydro, as well as research organisations of CSIRO and Adelaide University. Initially, it would focus on HILT CRC’s Alumina Refineries’ Next-Generation Transition (AlumiNEXT) project,...
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Aeromet International, a leading supplier of aluminium and magnesium castings and fully-finished, assembly ready cast parts for the aerospace and defence industries, has acquired Stone Foundries Ltd from Langham Industries. Stone Foundries is a manufacturer of high integrity aluminium and magnesium, sand and investment castings. The company provides parts for helicopters, commercial and military aircraft, jet engines, and motor racing. Vardhan Rajkumar, Chairman of Aeromet, said: “This deal is a very exciting development to consolidate two world class aerospace businesses in the UK. The enlarged business will be manufacturing parts for both Engine and Airframes and we will continue to be the supplier of choice for complex cast parts to the aerospace and defence industry worldwide.” Both...
As seen by Shanghai Metals Market LME aluminium came under pressure from the strong US dollar and slipped to a low of USD2,129/t overnight and finally closed at USD2158 per tonne on Wednesday, February 28. Since LME aluminium inventory growth has come to a halt, aluminium prices on the bourse are expected to firm up soon. As on February 28, LME aluminium cash (bid) price stands at US$ 2158 per tonne, LME aluminium cash (offer) price stands at US$ 2158.50 per tonne; 3-months bid price stands at US$ 2137 per tonne, 3-months offer price is US$ 2138 per tonne; Dec 19 bid price stands at US$2,185 per tonne, and Dec 19 offer price is US$2,190 per tonne. The LME aluminium opening stock today stood at 1324475 tonnes, Live Warrants totalled at 1093400 tonnes, and Cancelled Warrants were 231075...
Tata Technologies, a global engineering services provider, announced a partnership with NIO China, a leading new-generation electric car company, for the development of all-aluminium electric car. The association between the two companies commenced with collaborative engineering for NIO’s first electric all-aluminium vehicle, the ES8.NIO intends the ES8 to be its first product for Chinese electric vehicles market. Warren Harris, Managing Director & Chief Executive Officer for Tata Technologies, said, “ES8 is an important milestone for the automotive industry. The 7-seater high-performance electric SUV is a mobile living space on wheels.” “Our close working relationship in the areas of Lightweighting, Connected Vehicles and Product Lifecycle Management (PLM) is a great example of the type...
The impact on China’s overall aluminium foil exports following the US final determination in the antidumping and countervailing investigations remains to be seen. The demand growth from other countries as well as the movement of SHFE/LME price ratio would be key, SMM believes. Late on February 27, the US Department of Commerce determined that Chinese aluminium foil exports are sold “less than fair value” in the US and that China is providing “unfair” subsidies to its producers. This was the affirmative final determination following an year-long investigation, which was launched in late March 2017 on a petition from the Aluminium Association Trade Enforcement Working Group. According to the DOC statement, Chinese aluminium foils were sold 48.64-106.09% less than fair value and that China...
Impol, a manufacturer of wide range of rolled and extruded aluminium products based at Slovenska Bistrica reported a record EUR 666m revenue for 2017 on Monday February 26. This was a 20% increase over 2016 and accompanied by an almost EUR 4m rise in pre-tax profit to EUR 38.9m. The group's EBITDA amounted to EUR 62m. The production and turnover rise of the largest exporters and industrial companies in Slovenia is primarily driven by the recent expansion to Croatia. TLM, a bankrupt aluminium producer from Šibenik was taken over by Impol which helped preserve almost 400 jobs and expanded its operations in Croatia. The company is positive about the ongoing road infrastructure upgrade in Slovenska Bistrica which will make operations easier for the company. The company announced it would...
President Akufo-Addo has invited investors in the United State of America to take advantage of the various opportunities that exist in Ghana to establish businesses. He said the country had a viable business climate ready to accommodate American investment, technology, and enterprises. Delivering a keynote address at the National Governors Association 2018 Winter Meeting in Washington, DC; the first African leader to do so, Akufo-Addo said the government had begun processes to restructure the country’s economy in a way that promotes the growth of private businesses. “There is a lot of opportunity for American capital, technology and enterprise in Ghana, and indeed in Africa, and we welcome companies from all your states to participate in the exceptional opportunities that exist in our...
Malaysia's Press Metal Aluminium Holdings is set to expand its aluminium business by acquiring Leader Universal Aluminium Sdn Bhd (LUA). For this, the company has signed an agreement with HNG Capital Sdn Bhd for RM96 million. Leader Universal Aluminium (LUA) is wholly-owned by HNG Capital, and is the largest aluminium and alloy rod producer in Malaysia and South East Asia. LUA manufactures high quality EC aluminium and alloy rods. The company said that the proposed acquisition provides the group a platform equipped with technical expertise and additional capacity to expand into the aluminium rod market. “The board is confident that the Proposed Acquisition will bring synergy to the Group’s aluminium business and will enhance the contribution to the Group’s value-added products,” the...
Due to ongoing winter-heating season and resultant aluminium smelting cuts, bauxite demand in China domestic market has declined marginally. As a result, bauxite imports dropped in January to 7,037,633 tonnes from 7,163,056 tonnes in December last year. China’s total bauxite import for the 12-months period ending December 31, 2017, stood at 68.5 million tonnes of bauxite, up 32.55 per cent from the previous year. Based on the export-import data released by General Customs, China, bauxite imports in January have increased by more than 50 per cent from the same period previous year. Guinea still remains the top supplier of the ore to China: Data Source: ww.metal.com Guinea exported 3,523,203 tonnes of bauxite to China in January compared to 3,054,168 tonnes in December 2017. The total...
AMAG Austria Metall AG, a leading supplier of high-quality aluminium cast and flat rolled products for aerospace, automotive, sports, lighting, mechanical engineering, construction and packaging sector continued its growth track in FY2017. The company commissioned its new cold rolling mill and finishing plants and reported historically best operating results while laying the foundation for further organic growth. Total shipments increased 4 % to 421,700 tonnes in FY2017, driven by rising demand for aluminium products worldwide. Revenue rose 14% from EUR 906.2 million in 2016 to EUR 1,036.2 million, primarily driven by higher shipment volumes and rising aluminium price. The same factors have also lifted the EBITDA 15 % to a record level of EUR 164.5 million and net income after taxes...
Bahrain is one of the fast growing countries in the Middle East that is shifting to the non-oil sector for revenue generation. Full-year non-oil growth in Bahrain for 2018 is seen exceeding the 4% mark recorded in 2017, according to the latest Bahrain Economic Quarterly published by the Bahrain Economic Development Board (EDB). The kingdom reached an annual pace of 3.6% for the first three quarters of 2017 — improving on the 3.2% recorded in 2016 as a whole and making Bahrain the fastest-growing economy in the Gulf Cooperation Council (GCC). Bahrain along with producing primary aluminium is focusing on expanding its downstream products. The country produces aluminium powder and flakes for surface treatments and for 3D printing. Let us analyse the patterns for Aluminium Powder and Flakes...
Yunnan Aluminium said on Tuesday its board had unanimously approved a joint venture with Israel’s Phinergy and another Chinese firm that will make aluminum batteries, its latest bid to cash in on China’s electric vehicle (EV) boom. Aluminum batteries produce electricity from a reaction between oxygen and aluminum. They have been touted as an alternative to lithium-ion batteries as a source of power for electric cars. The venture, which has the working name of Yunnan Phinergy Chuang Neng Metal Air Battery Co Ltd, will have a registered capital of 813.82 million yuan ($128.97 million) and be based in Kunming, in China’s southwestern Yunnan province, according to a Yunnan Aluminium filing to the Shenzhen stock exchange. Yunnan Aluminium and Phinergy will each own 32 percent in the venture,...
Malaysia’s Press Metal Aluminium Holdings Bhd announced results for the fourth quarter ended Dec 31, 2017 (4QFY17). The company recorded net profit of RM150.19 million in the fourth quarter, up 14 per cent from RM131.78 million a year ago. Image Source: Press Metal Press Metal’s revenue increased from RM2 billion in Q4 2016 to RM2.14 billion in Q4 2017. The company recorded an increase of 7.2 per cent. “Our smelting plants continued to operate at full capacity and higher revenue was mainly contributed by the higher metal price during the current year quarter under review,” according to Press Metal. For the financial year ended Dec 31, 2017 (FY17), net profit increased 24.65 per cent from RM483.57 million to 602.79 million. Revenue increased from RM6.65 billion to RM8.17 billion,...
On Tuesday February 27, the U.S. Commerce Department made a final determination that imports of aluminium foil from China are being sold in the United States at less than the fair market price as the producers are getting government subsidies from Beijing. The statement confirmed that antidumping and countervailing duties would be levied on a number of Chinese firms. Dumping margins would be ranging from 48.64% to 106.09%and anti-subsidy rates would be about 17.14% to 80.97%. “This Administration is committed to trade that is fair and reciprocal, and we will not allow American workers and businesses to be harmed by unfair imports,” said Secretary Wilbur Ross. The duties are subject to similar findings by the International Trade Commission (ITC), which is expected to be announced by March...
After staying passive since the reopening of trading after the Chinese New Year Holidays, buying started getting active in the aluminium physical market on Tuesday February 27. As said by Shanghai Metals Market, active trading has narrowed spot discounts. After a moderate gain yesterday, average A00 Aluminum Ingot prices gained again today to RMB 14,020 per tonne. The prices are expected to move within a range of RMB 14,000-14,040. Spot discount will range within RMB 200-160 per tonne today. In Shanghai and Wuxi, trading prices ranged at RMB 13,970-14,020 per tonne with spot discounts of RMB 200-180 per tonne against the SHFE 1803 contract. In Hangzhou trading took place at RMB 13,950-13,970 per tonne while those in Guangdong were seen at RMB 14,040-14,090 per tonne. On aluminium rod,...
Hydro has been told by the Secretariat of Environment and Sustainability in the Brazilian state of Pará (SEMAS) to cut production by 50 per cent at its Alunorte alumina refinery due to non-compliance relating to bauxite residue deposit. SEMAS also said it would introduce daily fines of around BRL 1 million until Alunorte alumina refinery reached a freeboard of at least 1 meter in the bauxite residue deposit DRS1. Hydro said While it is too early to determine the size and impact of the resolution, it could potentially have significant operational and financial consequences. SEMAS said it plans to order the Paragominas bauxite mine to suspend operations at one of two tailing dams at the plant. Hydro owns 92.1 percent of the Alunorte alumina refinery and 100 per cent in the Paragominas...
The benchmark aluminium price on London Metal Exchange slipped further from US$2,188.50 per tonne to US$2,172.52 per tonne on Tuesday, February 27, as stocks were available and selling was regular. But finally LME aluminium inventory growth has come to a halt, which means aluminium prices on the bourse will firm up. Shanghai Metals Market opines that LME aluminium will stay firm in the near term trading at US$2,140-2,167 per tonne on Wednesday, February 28. As on February 27, LME aluminium cash (bid) price stands at US$2,171.50 per tonne, LME aluminium cash (offer) price stands at US$2,172.50 per tonne; 3-months bid price stands at US$2,146 per tonne, 3-months offer price is US$2,147 per tonne; Dec 19 bid price stands at US$2,198 per tonne, and Dec 19 offer price is US$2,203 per tonne....
Emirates Global Aluminium reported net income of AED 3.3 billion in 2017 on stronger aluminium prices and record production levels. The company’s revenue increased to AED 20.5 billion in 2017 compared to AED 17.1 billion in 2016. Adjusted EBITDA stood at AED 6.7 billion, up 31% from AED 5.1 billion in 2016. The company produced record 2.6 million tonnes of cast metal, exceeding 2016’s 2.5 million tonnes and making EGA the third largest producer of primary aluminium outside China. The company said it sold 268 thousand tonnes of metal to customers in the UAE in 2017. This included sales of hot liquid metal to customers located near EGA’s Al Taweelah smelter in Abu Dhabi. EGA’s sales of value-added products increased by 87 thousand tonnes in 2017 to 2.1 million tonnes, representing 82% of...
Patrick Industries, Inc. announced complete acquisition of the business and certain assets of Aluminum Metals Company, LLC, based at Elkhart, Indiana. AMC is a manufacturer and distributor of aluminium products including coil, fabricated sheets and extrusions, in addition to roofing products for recreational vehicles (RV) and industrial and marine sector. AMC's full-year 2017 revenues stood at about $38 million. Commenting on the acquisition, Todd Cleveland, Chief Executive Officer of Patrick said, "Consistent with our strategic growth initiatives in conjunction with our capital allocation and acquisition strategies, the acquisition of AMC allows us to capitalize on its value-added manufacturing capabilities, products, and expertise as a high quality supplier of a variety of customized...
