Alcoa Corporation has completed a USD 2.6 billion senior notes offering, securing permanent debt financing for the cash component of its proposed acquisition of South32’s bauxite, alumina and aluminium assets. The offering, which closed on September 23, comprises USD 1.5 billion of 6.63 per cent senior notes due 2034 issued by Alumina Pty Ltd and USD 1.1 billion of 6.88 per cent senior notes due 2036 issued by Alcoa Nederland Holding B.V. Both issuers are wholly owned subsidiaries of Alcoa, while the notes are guaranteed on a senior unsecured basis by Alcoa and certain of its subsidiaries. USD 2.6 billion debt backs cash consideration Alcoa intends to combine the net proceeds from the notes with cash on hand to finance the approximately USD 3.1 billion cash portion of the consideration...
Oswal Pumps Limited is pleased to announce that it has secured an order from the Telangana Renewable Energy Development Corporation Limited (TGREDCO) for the design, supply, installation and commissioning of 2 kW, 5 kW and 10 kW on-grid solar rooftop PV power plants across 9,937 government schools in 33 districts of Telangana. The project covers an aggregate capacity of 46,705 kW (46.7 MW) and includes the deployment of Mono PERC/TOPCON solar modules, along with normal structures, RMS and comprehensive maintenance for a period of five years. The total quoted value stands at INR 273.19 crore, excluding GST. The project is expected to support the adoption of renewable energy infrastructure across educational institutions in Telangana while contributing to the state’s broader clean energy...
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Bonnell Aluminum, an esteemed subsidiary of Tredegar Corporation, is making waves once again as it announces the expansion of its TSLOTS line into the Southeastern United States. This strategic move aims to cater more efficiently to the region's burgeoning demand for versatile aluminium structural framing systems. Established as a premier manufacturer of custom-fabricated aluminium extrusions, Bonnell Aluminum has garnered acclaim across diverse sectors, from construction to automotive industries. Expansion into the Southeast With the addition of the Newnan, Georgia facility, Bonnell Aluminum reinforces its commitment to meeting the evolving needs of its clientele. By strategically positioning manufacturing and distribution hubs closer to customers, the company aims to streamline...
A significant groundbreaking ceremony marked the commencement of the annual production of 2 million tonnes of alumina and the establishment of the red mud transportation and storage facilities for the Guangxi Guangtou Beihai Green Ecological Aluminum Phase I Project. This project is of paramount importance on the premises of Guangxi Guangtou Lingang Industrial Co., Ltd., in Xinggang Town. The primary construction objectives encompass a range of unit projects. These include the construction and installation of pivotal components such as red mud pressure filtration systems transportation infrastructure for red mud filter cakes pipelines for red mud transportation the red mud return pump room the red mud yard, the management station for the red mud yard and the domestic sewage treatment...
In the bustling city of Vienna, an ambitious initiative has taken root, heralding a new dawn for sustainable production and reuse of aluminium. The RecAL (Recycling technologies for circular ALuminium) project, funded by HORIZON EUROPE, stands as a beacon of innovation in the quest for a circular economy. Spearheaded by the LKR Leichtmetallkompetenzzentrum Ranshofen, a subsidiary of the AIT Austrian Institute of Technology, this collaborative effort unites 19 partner organisations across nine European nations. At its core, the RecAL project hopes to develop eccentric recycling technologies and a digital platform, the RecAL Hub. This digital cockpit serves as the nexus for a continent-wide aluminium recycling ecosystem, seamlessly connecting suppliers, buyers, and technology providers. By...
In a harmonious fusion of style and sound, Bang & Olufsen has joined forces with the visionary minds of ADER ERROR to unveil a striking collaboration. This unique partnership introduces a sleek portable speaker featuring aluminium stand and and complementary accessories, showcasing ADER ERROR's distinctive vision intertwined with Bang & Olufsen's renowned craftsmanship. About the speaker Dubbed 'The Blueism,' this collection embodies a movement focused on uniting communities through the innovative fusion of music and fashion. The signature Z-blue colour distinguishes the collection, a nod to the fashion brand's identity. The ADER ERROR speaker stand is a transformative addition to the Beosound A1, elevating it into a captivating piece of art that seamlessly melds ADER's design ethos with...
In the kingdom of construction, where precision meets innovation, a new luminary emerges: Manufacto India Pvt. Ltd. Established in 2023 under the visionary leadership of Sanjiv Chhabra, this avant-garde venture has swiftly risen to prominence, promising to redefine the landscape of construction support with its pioneering aluminium formwork solutions. December 2023 marked a momentous occasion as Manufacto India unveiled its state-of-the-art factory, an epitome of technological prowess. Boasting a monthly production capacity of 15,000 sq mtr, this facility amalgamates precision with innovation. Here, advanced robotics from Japan orchestrate a symphony of efficiency, ensuring unparalleled accuracy in welding. Notably, the integration of friction stir welding technology guarantees not just...
The London Metal Exchange (LME) witnessed significant price surges across base metals following optimistic macroeconomic reports from China, with all metals marking gains by Wednesday, 3 March. Three-month aluminium futures showed a modest uptick of 2 per cent to reach $2,429 per tonne (t), while nickel exhibited a 1.8 per cent rise to $17,339 per tonne. Copper prices settled at $9,262 per tonne, and zinc experienced a notable increase of 2.7 per cent to $2,548 per tonne. Lead prices also climbed by 3 per cent to $2,082 per tonne. Meanwhile, stocks at LME-registered warehouses displayed a mix of trends during this period. Prices of non-ferrous metals In Delhi, spot prices for ADC12 alloy ingots surged by INR 2,000 per tonne (t) to reach INR 213,000 per tonne. Tensions in offers were noted...
According to China customs data, China's total aluminium scrap imports from January to February 2024 amounted to 289,000 tonnes, reflecting an annual hike of 19.2 per cent. In individual months, the imports stood at 171,000 tonnes and 118,000 tonnes, respectively, experiencing a significant rise of 68 per cent and a fall of 16.1 per cent annually. Malaysia was the highest exporter of aluminium scrap to China, with 54,000 tonnes of volume, accounting for 18.7 per cent of the latter's total imports during January-February. Thailand was the second-highest exporter with 39,000 tonnes, accounting for 13.6 per cent, followed by Japan with the export volume of 30,000 tonnes, accounting for 10.4 per cent, and the UK and the US with a combined 46,200 tonnes, accounting for 16 per cent. Guangdong...
In the pursuit of innovation, BMW Group's Additive Manufacturing Campus in Oberschleißheim, Germany, spearheads a transformative journey utilising Wire Arc Additive Manufacturing (WAAM) technology. This superlative approach employs Directed Energy Deposition (DED), leveraging aluminium to craft vehicle components and tools with unparalleled efficiency and sustainability. WAAM process at play At the heart of BMW's technological leap lies the utilisation of WAAM, a wire-based DED process. Unlike traditional die-cast methods, WAAM facilitates the creation of components that are not only lighter but also remarkably robust. Through precise control and meticulous craftsmanship, BMW achieves parts with superior strength-to-weight ratios, heralding a new era in automotive engineering....
Aparna Enterprises Limited (AEL), one of India's rapidly expanding manufacturers of building materials, has announced the debut of its premium aluminium windows and doors brand, Alteza, in the Maharashtra market. Pune the first point The company's strategic plan begins with Pune as its focal point. It intends to broaden its presence across the state, targeting pivotal cities such as Nagpur, Kolhapur, Nashik, Aurangabad, and Vidarbha. With a determined vision, AEL sets its sights on attaining a notable 5 per cent market share within Maharashtra during the initial year of operations. Maharashtra's aluminium windows and doors sector boasts an estimated value exceeding INR 600 crore, demonstrating a national Compound Annual Growth Rate (CAGR) exceeding 20 per cent. Pune, acclaimed as a...
Amcor Capsules, a stalwart in crafting premium closures for discerning wine and spirits connoisseurs, proudly unveils its latest triumph: a state-of-the-art plant nestled in Granby, Quebec. Set to commence operations in early April 2024, this new facility epitomises Amcor's steadfast commitment to excellence and sustainability in the aluminium industry. With a legacy spanning over three decades in North America, Amcor Capsules' expansion signifies not just growth but a resolute dedication to its clientele. Situated a mere stone's throw away from its existing St. Cesaire site, the Granby plant heralds a new era of localised solutions poised to elevate customer satisfaction to unparalleled heights. Empowering the Supply Chain Beyond its geographical advantage, the Granby plant stands as a...
The UK's Clean Harbours Partnership is promoting the adoption of aluminium anodes over conventional zinc ones on their boat hulls. They encourage boat owners to transition from zinc to lighter and more efficient aluminium anodes, citing benefits for performance enhancement and environmental friendliness. In 2023, the application of aluminium in ships, yachts, and water vessels continued to grow, driven by its several advantages over traditional materials like steel. The partnership highlights its investigation into the discharge of metals, particularly copper and zinc, into the ocean. According to findings from the Institute of Marine Sciences at Portsmouth University, an estimated 900 tonnes of zinc were likely released into coastal and inland waters in 2020, primarily attributed to...
Recycling enthusiasts across the UK and Ireland are celebrating as two remarkable groups receive national recognition for their outstanding contributions to aluminium can recycling. The not-for-profit organisation, Every Can Counts, awarded the prestigious Green Can Award to Aluminium Can Recyclers for Hampshire and Isle of Wight Air Ambulance and Recycle for Kicks Count NI. These groups, driven by their passion for environmental sustainability and charity, have collectively raised nearly £40,000 through their dedicated efforts. Led by Janice and David Lipscombe, Aluminium Can Recyclers for Hampshire and Isle of Wight Air Ambulance emerged in September 2019 as a small community initiative. Today, boasting over 239 members on Facebook and a strong presence in the Hampshire community, the...
The spot prices for Aluminium ADC12 alloy ingot, equivalent to automobile grade, saw a modest rise of INR 2,000 per tonne to reach INR 213,000 per tonne week-on-week (w-o-w) exw Delhi, excluding GST. In the current market, firm offers are noted in Delhi and Chennai at INR 182,000-183,000 per tonne. However, the workable levels in Chennai hover around INR 181,000 per tonne. Notably, the spot price for ADC12 in Chennai has climbed to INR 215,000-216,000 per tonne exw on immediate terms, excluding GST, marking an increase of up to INR 3,000 per tonne compared to the previous week. Original Equipment Manufacturer (OEM) prices for ADC12 are currently under spot prices due to long-term contracts. "At present, we're exclusively fulfilling ADC12 orders through bulk contracts at fixed prices and...
Press Metal Aluminium Holdings Berhad, a Malaysian-based integrated producer of aluminium, is likely to register a higher net profit for the first quarter (Q1) of 2024, in support of higher spot prices of the metal, notwithstanding volatile production costs. Maybank Investment Bank Bhd (MaybankIB) estimates Press Metal's core earnings for Q1 2024 between RM315 million and RM365 million. In the previous quarter (Q4 FY2023), the company's core earnings totalled RM328.4 million. The bank has projected this increased quarter-on-quarter earnings based on the uptrend of the aluminium spot price on the London Metal Exchange at the average of US$2,243 per tonne in Q1 2024. "Our 1Q24E core net profit estimate implies that PMETAL's earnings would come in at 22-25 per cent of our revised financial...
Aluminium showed strong performance yesterday, supported by factors like higher premiums in Japan and better-than-expected economic data from China, which countered worries about reduced demand from the world's largest consumer. Additionally, encouraging news from U.S. manufacturing, showing expansion for the first time in 1 1/2 years, added to the optimism surrounding demand outlooks. On Thursday, April 4, both LME aluminium cash bid price and LME aluminium official settlement price surged by US$60.5 per tonne or 2.59 per cent to settle at US$2,394 per tonne and US$2,394.50 per tonne. 3-month bid price and 3-month offer price expanded by US$61 per tonne to halt at US$2,439 per tonne and US$2,440 per tonne. December 25 bid price and December 25 offer price hiked by US$38 per tonne or 1.47...
RUSAL, one of the world's largest aluminium producers, has voluntarily submitted its "Biodiversity Conservation'' and "Water Resource Management" reports, the first special thematic reports on these two areas. The report describes RUSAL's overall approach to biodiversity conservation, impact assessment and risk management related to biodiversity and ecosystem services, water resources management and protection, and stakeholder engagement practices. The report covers projects and programmes implemented by the company and its production assets in the fields of water resources and biodiversity. These documents were prepared considering national norms, international standards RUSAL proactively complies with, and Russian and global best practices. Rusal is the largest producer of low-carbon...
Ardagh Glass Packaging-Europe (AGP-Europe), under the umbrella of Ardagh Group, unveils its latest endeavour in sustainable energy at its Irvine facility in Scotland. The installation of rooftop solar panels marks a significant stride towards reducing carbon emissions and embracing renewable electricity on-site. With a commitment to sustainability, AGP-Irvine aims to mitigate its environmental footprint while maintaining operational excellence. AGP-Europe's initiative entails the deployment of a 1.75MWp solar photovoltaic system, comprising 3,842 panels, across the rooftops of its Irvine facility. This solar infrastructure is projected to generate approximately 1.584MWh of electricity annually, contributing significantly to the production of over 350 million glass bottles. By harnessing...
The alliance between The British Crisp Co, Evopak, and Aquapak heralds an innovative advancement in sustainable packaging. By integrating the versatile properties of aluminium, this collaboration has birthed a fully recyclable paper packet, poised to revolutionise the snack industry landscape. Amidst mounting concerns over packaging waste, unveiling the recyclable paper packet signifies a pivotal moment in the quest for eco-friendly alternatives. This innovative solution uses a thin aluminium liner to mitigate the environmental repercussions of non-recyclable packaging. Led by CEO Tom Lock, The British Crisp Co. stands at the forefront of sustainable innovation, cognizant of the pressing need to address packaging waste. The CEO clarified: "Brits consume over eight billion packets of...
