Net sales of National Aluminium Company Limited (NALCO) rose 26.2 per cent year-on-year to INR 53.80 billion (USD 567 million) in Q2 FY2026-27, compared with INR 42.6 billion (USD 449 million) in the same quarter last year. The company is set to discuss its unaudited results for the quarter and half-year ended September 30, 2026, during an earnings call scheduled for November 3. NALCO’s total income reached INR 56.7 billion (USD 598 million) in Q2 FY27, an increase of 27.5 per cent year on year. Operating expenses stood at INR 30.1 billion (USD 37 million), while earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to INR 26.6 billion (USD 280 million). Net sales in the preceding quarter, Q1 FY27, were INR 52.7 billion (USD 556 million). Explore the production,...
Aluminum Corporation of China Limited (CHALCO) reported a sharp increase in profitability in the third quarter of 2026, supported by cost controls and stable margins at its Yunnan aluminium operations. However, the company's alumina business continued to face pressure from higher bauxite and freight costs, highlighting the contrasting performance of its two major product segments. According to CHALCO's third-quarter report released on October 29, 2026, total profit increased 66.08 per cent year on year to RMB 12.50 billion (USD 1.88 billion) in Q3 2026, compared with RMB 7.53 billion (USD 1.13 billion) in the corresponding quarter of 2025. Net profit attributable to shareholders of the listed company rose 59.10 per cent to RMB 6.04 billion (USD 909 million), against RMB 3.80 billion (USD...
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February 19, 2024, marks a significant milestone for Chemship as it launches its inaugural vessel equipped with wind-assisted propulsion, setting a new standard in sustainable shipping. The MT Chemical Challenger, a pioneering chemical tanker, now boasts the distinction of being the first of its kind globally to integrate eco-friendly wind technology into its operations. Assigned to ply the Trans-Atlantic route connecting the United States East Coast with the Mediterranean, this vessel heralds a new era of environmentally conscious maritime transportation. The recent installation of four 16-meter-high aluminium wind sails on the 134-meter-long ship represents a groundbreaking advancement. Manufactured by Econowind, these VentoFoils provide a direct wind surface of 180 m2. Through...
The City is thrilled to unveil the newly completed public facilities at St Leonard's Foreshore, made possible through generous funding from the Australian Government's Community Development Grants Programme (CDG). The new furniture is crafted from recycled aluminium engineered to endure the rigorous coastal conditions of St Leonards. These new additions are specifically crafted to foster inclusivity, ensuring that individuals of all abilities can fully embrace the breathtaking coastal ambience. This marine-grade furniture exemplifies a sustainable ethos, perfectly aligned with the City of Greater Geelong's dedication to reducing waste generation and promoting enduring waste management solutions. On a momentous occasion, Federal Member for Corangamite, Libby Coker MP, and Mayor Trent...
To bolster UAE's industrial prowess, KEZAD Group and Automotive Precision Technology (APT), a subsidiary of Al Ghurair Group, have signed a lease agreement for a cutting-edge automotive aluminium component manufacturing facility. The 30,000 sq meters facility, set to operate by early 2025, will be located adjacent to Emirates Global Aluminium (EGA), positioning it as a critical player in the global aluminium supply chain. The signing ceremony, attended by His Excellency Omar Al Suwaidi, marks a significant milestone in industrial partnerships. Suwaidi is the Undersecretary of the Ministry of Industry and Advanced Technology. This collaboration aligns seamlessly with the 'Make it in the Emirates' campaign and the National Strategy for Industry and Advanced Technology. The goal is to...
On Saturday, February 17, a major fire erupted in a company situated at Kudalwadi near Chikhali, triggered by a furnace overheating. As per the reports, the company is known for manufacturing aluminium sulfate and magnesium sulfate dust. On the day of the accident, the workers had been loading aluminium sulfate and magnesium sulfate powder into the furnace when an unexpected surge in temperature occurred. This sudden rise in heat precipitated an explosion within the furnace. The fire brigade was alerted around 6:15 pm on Saturday and promptly dispatched five fire tenders and water tankers to the scene. “The company makes dust of aluminium sulfate and magnesium sulfate, and the workers had poured the aluminium powder and other chemicals in the furnace. All of a sudden, the temperature in...
JDE Peet’s is set to revolutionise the coffee industry in Great Britain, as it announces the production, distribution, and sale of Costa Coffee branded aluminium coffee capsules starting September 2024. Since 2012, JDE Peet’s collaboration with Costa Coffee has been pivotal in unlocking category growth, particularly with Costa Coffee-branded single-serve coffee pods for the Tassimo brewer system. The expanded partnership signals a strategic move to drive future growth in Great Britain. Aluminium Capsules for L’OR Barista System: A Premium offering JDE Peet’s recent launch of the L’OR Barista coffee brewer system in the UK has set the stage for a broader selection of coffee drinks. The collaboration allows JDE Peet’s to enhance its in-home espresso-based technology and offer consumers a...
Assan Aluminyum, a trailblazer in the flat-rolled aluminium sector, has secured its position as a sustainability frontrunner by participating in the esteemed CDP 2023 Climate Change program. Notably, the company earned an impressive 'B' rating, surpassing both global industry averages and the worldwide metal industry benchmark. In the latest evaluation by CDP , a London-based international non-profit organisation, Assan Aluminyum, a subsidiary of the Kibar Group and a key player in the European aluminium foil manufacturing arena, demonstrated exceptional environmental performance. This accomplishment marks a significant milestone, making Assan Aluminyum the first company in Turkey to report on climate change and environmental performance through CDP. The General Manager of Assan Aluminyum...
Contact Energy Limited, a New Zealand electricity generator, natural gas wholesaler, and electricity retailer, has experienced phenomenal financial growth in six months, ending December 31, 3023, buoyed by potential deals with aluminium smelters. As per the report, Contact Energy has earned a net profit of $153 million, up 70 per cent from the previous year and the highest in the past four years, despite extreme market volatility. Factors like increased energy costs and higher wholesale prices enabled the company to achieve this spectacular growth in profit. The need to “firm” intermittent renewable generation and high construction costs for thermal generation, particularly gas and wind power, contributed to the unexpected energy prices. In the six-month financial report, Contact Energy...
Aluminium scrap holds indispensable significance within manufacturing sectors worldwide, emerging as a pivotal commodity. Its allure lies not just in its economic appeal but also in its profound environmental virtues. Recycling aluminium emerges as a hero in the fight against energy depletion and environmental degradation, offering a beacon of hope in sustainability. Yet, within this realm of aluminium recycling lie various types of scrap, each endowed with distinctive properties tailored for specific applications. This article delves into the diverse categories of aluminium scrap, unravelling their attributes and suitability for various purposes. In the world of aluminium, where versatility is vital, AL Biz recognises the paramount importance of aluminium scrap to cater to the specific...
On Monday, February 19, the National Bank of Oman (NBO) agreed to provide a working capital facility worth US$50 million to Sohar Aluminium Co. LLC for its operational requirements. The news came after Abdullah Al Hinai, Chief Executive Officer at the National Bank of Oman, and Engr Said Mohamed Al Masoudi, CEO of Sohar Aluminium, signed an agreement to attain mutually advantageous goals while contributing to the overall economic development of the Sultanate. The agreement represents NBO's commitment to help its corporate clients with banking and financial services. A working capital facility valued at US$50 million will substantially elevate Sohar Aluminium's operational capabilities. Ghadeer Iqbal Al Lawati, Assistant General Manager - Head of Project Finance and Syndication at National...
Territory Pharmacy, the largest pharmacy group in the Northern Territory, Australia, has initiated the pioneering free blister pack recycling program across the territory. This initiative is made possible through a partnership with TerraCycle ® , an innovative recycling company. Let's know about Territory Pharmacy Territory Pharmacy is a leading pharmacy group at the heart of Northern Territory healthcare and was founded alongside Northpharm in 2000. The group is owned and operated by a team of pharmacists and supported by a dedicated Territory workforce. The community pharmacies are situated in Darwin, Katherine, and Alice Springs. Territory Pharmacies deliver pharmacy, health, and wellbeing services in these regions. Northpharm Group is a reliable, experienced partner for government...
On Monday, February 19, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to arrive at RMB 18,820 per tonne, with the average prices between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract prices may be traded at a premium price of RMB 0 to RMB 40 per tonne. As per the SMM data, the prices have shown a fall in all the provinces, with the highest in Gongyi, where it has dropped by RMB 120 per tonne to settle at RMB 18,720 per tonne. On the same day, the prices in Wuxi, Hangzhou, and Tianjin dipped by RMB 90 per tonne to peg at RMB 18,820 per tonne. In Foshan, the A00 aluminium ingot price has slipped by RMB 80 per tonne to reach RMB 18,840 per tonne. In Linyi and Shenyang, the domestic aluminium ingot prices have contracted by RMB 60 per tonne and RMB 40 per...
LME aluminium opened at US$2,220 per tonne last Friday, with its high and low at US$2,238 per tonne and US$2,214 per tonne, respectively, before closing at US$2,217.35 per tonne, down by US$6.50 per tonne or 0.29 per cent. On Friday, February 16, LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,202 per tonne and US$2,203 per tonne, respectively, experiencing a dip of US$2.50 per tonne and US$2 per tonne from the previous day. However, on a week-on-week basis, the LME aluminium benchmark price stood US$22.50 per tonne or 1.03 per cent higher than US$2,180.50 per tonne, and on a month-on-month calculation, edged a hike of US$ 44.50 per tonne or 2.06 per cent from US$2,158.50 per tonne. On the same day, 3-month bid price and 3-month offer price grew by...
Prime Minister Sheikh Mohammed bin Rashid al-Maktoum announced on February 18, 2023, that the United Arab Emirates achieved a historic milestone in its non-oil trade, reaching around $952.93 billion (3.5 trillion dirhams) in 2023. This remarkable accomplishment underscores the nation's commitment to diversifying its economy and reducing its dependence on oil. Thani Al Zeyoudi, the Minister of Foreign Trade, announced that trade in non-oil goods experienced a significant increase of 12.6 per cent since 2022. Additionally, exports of goods and services have exceeded 1 trillion dirhams, marking a new record. The Gulf oil exporter signed a series of bilateral trade, investment, and cooperation agreements in 2021 called Comprehensive Economic Partnership Agreements (CEPAs). These initiatives...
Bermuda's government has granted Singapore's Strategic Marine a contract to build two catamaran ferries intended for commuter and tourist voyages. The world’s leading shipbuilder, Strategic Marine, is a Singapore-based company that produces quality, high-performance aluminium ships for various markets, such as windfarm crew transfer, fast crew boats, ferries, and defence. The delivery of these vessels is slated to start in the fourth quarter of 2025. These ferries will be constructed entirely from aluminium and will feature amenities to accommodate up to 550 passengers, including designated wheelchair spaces. AL Circle's latest industry-focused report, "Global Aluminium Industry Outlook 2024", estimates that the shipbuilding industry employs approximately 1-1.2 million tonnes of aluminium...
The Norwegian aluminium giant Hydro faces a 43.88 per cent drop in adjusted EBITDA for 2023, attributed to market challenges. Hindalco reports a robust Q3 FY2024, with a 71 per cent YoY increase in net profit. EGA collaborates with the UAE's AI office to accelerate digitisation in industrial sectors, showcasing a commitment to Industry 4.0. Russian aluminium maintains a 90 per cent presence in LME-approved warehouses. The LME aluminium price has soared upward by 0.68 per cent over the week from US$21,188 per tonne on February 12 to US$2,203 per tonne on February 16. Hydro’s adjusted EBITDA for 2023 drops significantly by 43.88% Y-o-Y In 2023, Hydro's adjusted EBITDA dropped significantly by 43.88 per cent YoY, mainly attributed to lower sales prices, reduced volumes, and increased fixed...
Wold Top Brewery, an East Yorkshire-based beverage company, has made a significant investment in a new canning line and launched its first canned beer, Wild Swim, a 4 per cent ABV lager. Crafted by brewer Henry Culpepper, Wild Swim is a 4% alcohol, comes in aluminium packaging and features a stripped-back, clean, and refreshing lager, marking the brewery's debut in the canned beer market. Throughout 2024, the brewery plans to unveil a series of six limited-edition canned beers, with Wild Swim leading the way. Supplied by the British company MicroCan, the canning line at Wold Top Brewery boasts an impressive capacity of up to 2000 aluminium cans per hour. Brewery director Alex Balchin said, "Our contract customers have been asking us to provide a canned beer packaging service for quite a...
Alumil India, the wholly-owned Indian subsidiary of Alumil Group, a renowned company in designing and producing premium architectural aluminium systems, has unveiled its strategic expansion plans focused on key regions in Southern, Western, and Northern India. Recently, the company inaugurated a partner showroom in Noida as part of this initiative. It aims to establish stores in Chandigarh and Jaipur in the North and Coimbatore and Chennai in the South. Additionally, Alumil India is gearing up to enhance its presence in Nagpur, Pune, and Surat by March 2024. Since its inception in 2015, Alumil India has successfully executed over 50 projects and is now geared towards fortifying its geographical reach across the nation. Theodoros Axouristos, the Managing Director of Alumil India, said,...
Ball Corporation has received approval to finalize the sale of its aerospace business to BAE Systems for $5.6 billion. Initially announced in August 2023, the agreement was expected to conclude in the first half of 2024. However, this week, Ball reported that the U.S. Department of Justice concluded its review under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, allowing the review period to expire. Alongside previous regulatory approvals from entities such as the Defence Counterintelligence and Security Agency and the Committee on Foreign Investments in the United States, both parties anticipate completing the transaction shortly. Morgan Stanley & Co. LLC acted as Ball Corporation’s financial advisor. At the same time, legal and regulatory counsel was provided by Skadden,...
