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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Hindalco Industries Ltd., released standalone unaudited financial results for the quarter ended December 31, 2017. The company produced 323 thousand tonnes of aluminium in Q3 FY18. VAP (including Wire Rod) production stood at 123 thousand tonnes, up 3 per cent. Hindalco’s revenue increased 18.4 per cent to INR 11,023 crore for December quarter, led by macro factors, volumes and by-product realisation. The company reported net profit of INR 376 crore for the quarter ended December 31, 2017. EBITDA came in at INR 1,611 crore, an increase of 15 per cent compared to the previous year, driven by higher volumes in both businesses and supportive macros, partly offset by higher input costs. Revenue from aluminium business increased to INR 5,323 crore, led by higher sales of aluminium and...
Aluminium dross, a byproduct of the aluminium smelting process and an unavowed mixture of metallic aluminium, aluminium-oxide and oxides of numerous alloying elements, have been finding its way to landfills for years. It is only recently that the aluminium industry came to realize its significance as a secondary source of the metal. Industry estimates suggest that an increase of 10 tonnes of aluminium dross recovery can augment production of the metal by about 3.2 tonnes. And that is not all! Aluminium dross recycling has immense environmental benefits and the processed dross can be used to produce a number of other commercially valuable products too. Aluminium dross recycling addresses sustainability concerns of the industry Today, rising pollution, too much of energy loss and natural...
Novelis, the aluminium rolling and recycling major has reported net income of $121 million for Q3 FY 2018, compared to $63 million in the same period of 2017. Excluding special items in both years, the company reported net income of $138 million in Q3 FY 2018, more than double the $67 million reported in Q3 FY 2017. The YoY increase in net income is driven primarily by 20% higher EBITDA and lower interest expense. Higher shipments and the company's strategy to deliver a more favourable product mix with higher automotive shipments and increased operational efficiencies supported the gain in EBITDA. Adjusted EBITDA reached $383 per ton in the quarter. Net sales increased 33% YoY to $3.1 billion, driven by higher aluminium prices, higher total shipments, and a strategic portfolio shift to...
The Saudi Arabian Mining Company (Ma’aden) published its consolidated financial and operating results for the year ending December 31, 2017. The company reported a strong profit growth driven by increased production and sales, improved commodity prices and tight cost control. Ma’aden produced 916k tonnes of primary aluminium in 2017, an increase of 5 per cent compared to last year. Net profit increased SAR 0.8 billion in 2017, from SAR 0.15 billion in 2016. EBITDA in 2017 rose 56 per cent to reach SAR 5.8 billion. Sales revenue jumped to SAR 12.1 billion, up 28 per cent YoY. Ma’aden President and CEO, Eng. Khalid Al Mudaifer said: “We generated strong financial results this year which demonstrated the benefits of Ma’aden’s robust business model as a low cost industry leader as we saw the...
Vedanta Resources has released both the production and financial results for Q3 FY2018 ended 31 December 2017. Vedanta reports 445,000 tonnes of aluminium production in Q3 FY2018, up 40% YoY and 11% QoQ as a result of complete ramp up at the Jharsuguda-II smelter following the ramp up in Balco II smelter in Q1. Production excluding trial run stood at 427,000 tonnes in Q3 FY2018 with an exit monthly run rate of 1.8 tpy. Jharsuguda-I has ramped up all the 228 pots affected by the April 2017 outage are fully ramped up and are currently operational. Jharsuguda-II has ramped up 2 potlines and in line-3, 193 pots are operational and will be fully ramped-up by Q4 FY2018. Line-4 continues to be under evaluation. Production cost for hot metal in Q3 FY2018 increased 36% YoY to US$ 1,945 per tonne,...
Altech Chemicals Ltd has formalised a total debt package of US$190 million for its proposed Malaysian high purity alumina (HPA) project. HPA is a high-value, high margin product used in the manufacture of products such as substrates for LED lights and a range of other high growth industries. The financing consists of a US$170 million debt package negotiated with the German export credit agency (ECA), with the balance of US$20 million at normal commercial terms. The ECA covered loan (US$170 million) is for an extended period with highly attractive terms, providing Altech with ample time to build the plant and bring it into production. Increased clarity surrounding funding has generated interest in the HPA project. Remaining funding covers two-year construction period The balance of US$20...
Israeli conglomerate Delek Group is weighing the prospect of building an aluminium smelting operation powered by natural gas. According to domestic media, the company is closing a feasibility study on a project that is expected to require a capital investment of roughly US$1.2 billion. Local reportage on the subject reveals that Delek’s majority owner Yitzhak Tshuva consulted with Minister of the Economy and Industry Eli Cohen late last week to discuss the project. The proposal anticipates a smelter that turns out 1 million metric tons per annum, powered by a captive natural gas power plant capable of producing up to 1,600 mW, which is roughly a tenth of Israel’s entire electrical production at present. Such a power plant would be Israel’s largest gas-fired power plant, consuming between...
The iconic Swedish furniture and home accessories brand IKEA has collaborated with designer lighting solutions brand Tom Dixon to create Delaktig- an aluminium single bed with multi-functional features. The piece of novel aluminium furniture can support many customizable add-ons including tables and lamps. Tom Dixon has designed aluminium plate lamps, racks and coffee tables that would accentuate the bed in a seamless fashion lending a futuristic look to the entire setup. The Delaktig aluminium sofa-cum-bed was first unveiled by Tom Dixon during Milan Design Week in 2017. The designer introduced the modular sofa in different colours with varied add-ons. Since then, the idea has been developed further to incorporate many more accents in the form of designer lamps, pillows, and sideboards....
European Aluminium, the voice of the entire aluminium value chain, welcomed two new members this month after adding five new members to its ranks in 2017. In total, the Brussels-based industry association now represents over 85 companies and associations covering more than 600 plants across 30 European countries. The two new member companies are Alumetal S.A ., one of Europe’s largest aluminium refiners and producers of aluminium master alloys, aluminium for steel deoxidation, fluxes and salts, and ALTEK , a technology-based company focusing on the design, manufacturing and installation of aluminium dross, salt slag and scrap processing systems. Alumetal S.A. joins European Aluminium as a full member of the Recycling Division and ALTEK joins the same division as an associated member. “We...
Leading soft drinks company Britvic has announced £100milllion investment in new production lines at its manufacturing site in Rugby. The company has already installed three new can lines at the site. The new production lines will manufacture cans from aluminium and stainless steel. “The new can lines are amongst the fastest in the Europe, collectively producing 6,000 cans per minute. The state-of-the-art design has led to a reduction in waste, significantly increased production, and gives greater flexibility meaning cans can now be made from aluminium or steel on the same line,” ,” according to company press release. “By April, our steel can formats will move to aluminium cans removing 8,000 tonnes of metal annually.” The investment, part of a broader £240m three-year investment...
Both Constellium N.V. and Novelis Inc. have announced through press release that they signed a binding agreement to sale and acquire operating facilities and manufacturing assets at its Sierre plant that have historically been leased. The North Building Assets of Constellium’s Sierre plant in Switzerland have been leased and operated by Novelis since 2005 and Constellium and Novelis agreed on a purchase price of €200 million. The acquisition will allow Novelis to gain additional flexibility to continue serving the growing automotive aluminium sheet market and provide a more secure and stable future for its stakeholders. The acquisition is expected to close in the first quarter of fiscal 2019, subject to customary closing conditions. "This acquisition further solidifies our leadership...
Guinea has started 2018 with big export plans. One of its bauxite mining companies La Guineenne des Mines (GDM) announced shipment of their first bauxite consignment from a western Boke project yesterday. The miner said it aims to export 2 to 4 million tonnes bauxite this year. Guinea has been racing past many countries to become the key bauxite exporter globally. With the highest bauxite reserves totalling 7.4 billion tonnes and a solid export-oriented growth plan, the African nation stands to dominate the world as the top bauxite supplier of 2018. A three-year historical data set clearly indicates at that trend. China the top producer of aluminium and the biggest importer of bauxite globally imported 27,625,811 tonnes (27.6 million tonnes) bauxite from Guinea in 2017. In December only,...
Currently, spot alumina price in China is struggling to stay afloat in the face of slow demand and prices are staying flat for more than a week. SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. Today’s average alumina price stands at RMB 2894 per tonne, slightly down from last closing. The average price of Chinese domestic alumina in four major regions stood at RMB 2,855 per tonne. Chalco Alumina and imported alumina prices remain unchanged today. Spot alumina prices have continued falling after touching the highest in November beginning. The price trend in last three months can be seen in the following graph: The drop in alumina price was mainly led by a slump in aluminium ingot price and sellers’...
Clean TeQ Holdings Limited has entered into an agreement with Chinalco Materials Application Research Institute (CMARI) and Chongqing University for the development and adoption of scandium alloys in the global transport industry. Researchers will investigate the functional and commercial benefits of scandium in a range of aluminium alloy. Clean TeQ CEO Sam Riggall said: “Scandium allows us to create a new generation of aluminium alloys with unrivalled functionality – alloys that are stronger, lighter, corrosion-resistant and weldable.” “As the largest resource in the world of this rare metal, Clean TeQ Sunrise will become an important source of global supply for decades to come. We believe our partnership with Chinalco, one of the world’s largest aluminium companies, and Chongqing...
Aluminium prices on London Metal Exchange hit a two-week low on Thursday, February 1, as worries grew stronger over rising stockpiles in China. Despite elaborate smelter capacity cuts Chinese market continues to remain in surplus, and this is likely to keep the lid on rising LME aluminium prices. The light metal yesterday closed at US$2,218 per, down from US$2,224.50 per tonne on Wednesday, January 31. Shanghai Metals Market (SMM) foresees pressure at the five and 10-day moving averages for the contract. It says LME aluminium is likely to trade at US$2,210-2,240 per tonne range on Friday, February 2. As on February 1, LME official cash buyer aluminium price (Bid Price) stands at US$2,217.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,218 per tonne, 3M Bid...
Alcomet has announced its non-consolidated net profit for 2017 on Wednesday, January 31.Alcomet, an aluminium products manufacturer, reported a drop in net profit in 2017. The company’s consolidated net profit dropped to 15.9 million levs ($10.12 million/8.12 million euro) in 2017, compared to 26.9 million levs in 2016. Sales revenue increased to 354.5 million levs in 2017, compared to 309.8 million levs in 2016. The value of total products sales volume rose to 317.2 million levs in 2017, from 130.8 million levs in the previous year. Alcomet is one of the leading manufacturers of rolled and extruded aluminium products in Bulgaria. The company provides cast coils and billets; and finstock products, strips for heat shields and noise protection panels, standard strips, and sheets, as well as...
Belgium exported EUR 31647 million of goods in November, from EUR 32726 EUR in October 2017. The country’s exports of aluminium tubes and pipes have been declining in the last three years. Three-year trend analysis suggests that aluminium tubes and pipes export by Belgium will decline this year. Most of Belgium’s aluminium tubes and pipes export goes to Germany, France, Poland, and Netherlands. International trade data shows that Belgium exported 14043 tonnes of aluminium tubes and pipes in 2017, down from 18790 tonnes in 2016. The country’s export of aluminium tubes and pipes is projected to drop to 10630 tonnes in 2018. The total aluminium tubes and pipes exports were valued at US$76 million in 2016, which increased to reach US$125 million in 2017. Aluminium tubes and pipes are to be...
The sudden halt in Malaysia’s bauxite mining growth has put many bauxite miners in the South-East Asian mineral-rich country in financial lows. WZ Satu Bhd, for example, reported a sharp decline its net profit for the first quarter ended November 30, 2017. The Main Market-listed diversified company with business interests in civil engineering and construction, oil and gas, bauxite mining, and manufacturing said Tuesday that its net profit for Q1 of the current financial year stood at 497,000 ringgit (US$127,490), down from 8.50 million ringgit in the previous year. The profit was down mainly due to weaker results in the mining segment, it stated. "There was a share of loss in mining associates' results of 0.8 million ringgit compared to a share of profits of 2.7 million ringgit in the...
