Indian appliance makers are raising prices ahead of the festive season as higher metal, crude-derived and freight costs put pressure on manufacturing expenses. Prices of air conditioners, LED televisions, washing machines and other home appliances in India are set to increase by 5 per cent to 8 per cent from October 1, as manufacturers pass on rising input costs to consumers ahead of the festive season. The increase marks the industry’s third round of price hikes in 2026. Manufacturers have cited higher prices for copper, aluminium, steel and crude oil derivatives, along with increased freight costs and currency volatility linked to the ongoing West Asia crisis. Several companies, including Blue Star, Godrej Appliances, Haier, Daikin and Super Plastronics, have announced or confirmed...
Aluminium prices gained 0.43 per cent as reduced Gulf production and low exchange inventories supported the market, while Chinese output and capacity restarts could limit further gains. Aluminium prices settled 0.43 per cent higher at INR 348.65 (USD 3.63) as tight physical supply conditions supported the market. Disruptions linked to the US-Iran tensions have affected aluminium availability from the Gulf region, with Gulf Cooperation Council (GCC) production falling 44 per cent year-on-year in July. Low exchange inventories have added to supply concerns. London Metal Exchange (LME) stocks remained near a 36-year low, while inventories on the Shanghai Futures Exchange (SHFE) declined 4.7 per cent from the previous week. However, expectations of improving supply have limited the market’s...
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Frame Fast, an aluminium doors and windows manufacturer from Derby, is vehemently investing in creating a new 10,000 sq ft aluminium site to propel its growth around the East Midlands and eventually on a global scale. Frame Fast’s new aluminium site in Derby will pose as a primary production zone for its flagship aluminium doors, windows and roof. The company is also a renowned glass fabricator and boasts a high-tech unit with all the associated advanced technology that might help in boosting the demand for Frame Fast aluminium products. The Managing Director at Frame Fast, Nigel Leivers, commented: “For over 25 years, Frame Fast has been tuned in to understanding and innovating for our customers, bringing them everything under two roofs as well as a dedicated aluminium showroom to use as...
Aluflexpack , a Swiss based developer and manufacturer of premium flexible packaging solutions using aluminium announced that it is nearing the end of a €70 million euro ($77 million) investment in expanding and modernising its production facility in Drniš, southern Croatia. The investment includes the construction of an additional 13,000 square metres of production areas, the installation of the most modern lines for aluminium processing and refinement. The investment is primarily funded by the company's money, with assistance from the Croatian agency for small and medium-sized businesses, innovation, and assets. HAMAG-BICRO, remarked Johannes Steurer, CEO of Aluflexpack Group, in a news statement. "The latest investment in Drniš includes the construction of an additional 13,000 square...
Liberty Coca-Cola Beverages, a local company that bottles Coca-Cola products ranging from Diet Coke and Sprite to Powerade and Monster Energy, has eliminated plastic rings from aluminium can multipacks. Coca-Cola bottlers in Europe have previously adopted Graphic Packaging International's KeepClip paperboard packaging solution. According to Liberty, this will be the first swap in the United States. Aluminium is one of the most sustainable and recyclable materials on the earth. Recycling aluminium serves current and future generations by preserving energy and other natural resources. They have a lower carbon footprint than glass or other metals throughout the consumption phase (transport and refrigeration). The development of the aluminium industry towards environmental efficiency has a...
Aluminium prices experienced a slight decline of 0.05 per cent yesterday, settling at US$202.15 per tonne due to heightened supply in Yunnan. This development may lead to a gradual emergence of supply pressure. The northern region faced floods and other factors during the week, resulting in fewer aluminium ingot arrivals and a decrease in aluminium social stocks. Nevertheless, there are indications that more favourable policies to boost demand may be announced in China in the upcoming days. These policies have already boosted real estate, automobiles, and other related consumption. However, the resumption of aluminium production in Yunnan is accelerating, and some major smelters in the region are expected to produce at full capacity by the end of August, potentially leading to a record...
To keep up with the worldwide trend of incorporating 100% recyclable and sustainable materials into their flagship production lines, Vetroplus has allied with its Spanish confidant, Envases, to provide a lightweight yet robust wide-necked aluminium bottle compatible with the conventional foam pumps in the market. The partnership focused on manufacturing a sustainable flush fitting pack with a 43mm foam pump, giving birth to a flagship packaging line which will be tagged as ‘50 43FOAM’ for commercial purposes. Vetroplus now offers a ’66 43FOAM’ or 66mm neck for its aluminium foamer bottles with bespoke neck sizes to match its average bottle sizes of 125ml and 750ml. We use foam pumps on a daily basis to dispense our favourite liquid or oil-based products. How exciting is it to feel...
The 2 nd Odisha Mining and Infrastructure International Expo is set to take place from 15th to 18th February 2024 at Janata Maidan, Bhubaneswar, Odisha, India. This prestigious event, organized by Futurex Trade Fair and Events Private Limited, is an exclusive international B2B trade show that serves as a platform for showcasing the latest innovations, technologies, and services in the mining sector. The Odisha Mining & Infrastructure International Expo is the largest mining exhibition of its kind in India, bringing together major international companies, PSUs, government agencies, and nodal agencies to foster collaboration and innovation within the industry. The event is designed to cater to the diverse needs of the mining community and provide opportunities for networking, knowledge...
The Climate Solutions Accelerator is EnergyLab's flagship programme, providing the greatest climate innovation businesses with the resources they need to succeed. For this year's Climate Solutions Accelerator cohort, an angel investor committee has chosen around 10 startups like ElecSome, Savic Motorcycles, TasmanIon, Bygen, Amber, Sicona Battery Technologies, alumnus Allegro Energy, and others. TasmanIon is a New Zealand-based startup known for developing aluminium-ion battery technology, which provides a safer, more sustainable, and less expensive alternative to existing technologies such as lithium-ion. Tasmanian batteries, developed by Victoria University of Wellington researchers, seek to provide a high-performance cell that is safer, more sustainable, cost-effective, and scalable...
The Alu Menziken Group, a Swiss extrusion press manufacturer with a long-standing noticeable history from 1897, has been warmly welcomed as the latest Production and Transformation member of the Aluminium Stewardship Initiative (ASI). Specifically known for its advanced and efficient production process for semi-fabricated aluminium, Alu Menziken also offers premium quality CNC machines and high-end saws alongside high-performance welding and joining technologies for aluminium assemblies and components. According to Andreas Behrendt, Head of Quality Alu Menziken Romania ESG Responsible Alu Menziken Group, the firm's responsible aluminium production is a top priority to the entire management. With two plants in Switzerland, one on the border between Germany and Austria, and another in...
According to the SMM aluminium live price chart today, China’s aluminium ingot price has shed RMB 10 per tonne to rest at RMB 18,480 per tonne, with the average prices ranging between RMB 18,460 per tonne and RMB 18,500 per tonne. If we consider July 27, the aluminium ingot price was RMB 18,490 per tonne, which is quite close to the market average today. China’s eight major provinces all have witnessed depleting prices today, with the aluminium ingot price decreasing the highest in Gongyi and Foshan by RMB 30 per tonne, to officially close at RMB 18,410 per tonne and RMB 18,460 per tonne, respectively. In Tianjin, the aluminium ingot price lost RMB 20 per tonne to a halt at RMB 18,450 per tonne. Other than that, all the other provinces have seen a uniform dearth of RMB 10 per tonne. The...
LME aluminium opened at US$2,213 per tonne on Thursday, with its high and low at US$2,233 per tonne and US$2,197 per tonne, respectively, before closing at US$2,232.5 per tonne, an increase of US$22 per tonne or 1.02 per cent. On Monday, August 7, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$13.5 per tonne or 0.62 per cent and US$12 per tonne or 0.55 per cent to settle at US$2,177.50 per tonne and US$2,178 per tonne. 3-month bid price and 3-month offer price gained US$19 per tonne or 0.85 per cent to score at US$2,229 per tonne and US$2,230 per tonne. December 24 bid price and December 24 offer price went up by US$10 per tonne or 0.41 per cent to come in at US$2,393 per tonne and US$2,398 per tonne. LME aluminium opening stock came in at 501325...
Marine Aluminium, a company known for developing and producing aluminium goods, has bagged a contract to deliver a helideck for Hornbeck Offshore Services' new conversion project. The 21-meter helideck can accommodate helicopters up to the size of a Sikorsky S-92. The 21-meter helideck can accommodate helicopters up to the size of a Sikorsky S-92. As previously reported by Offshore Engineer, Hornbeck Offshore plans to convert one of its recently acquired 280-foot offshore supply vessels (OSV) to a service operation vessel (SOV) to meet the growing demand of the offshore wind market in the United States, as well as the demands of the offshore flotel market. The Marine Aluminium helideck will be delivered as a kit package from Norway for final assembly at the Eastern Shipbuilding Group...
Italian Volt, a renowned motorcycle manufacturer, unleashed its latest Lacama 2.0., featuring a lightweight frame forged from a single cast aluminium. This cutting-edge electric motorcycle first made its debut in concept form in 2017 and has undergone various revisions and enhancements since then. The bike was displayed on the global stage at EICMA in November 2022 and is promised to be a remarkable feat of modern-day engineering. Italian Volt, a brand under the Tazzari Group, designed and crafted the Lacama 2.0 entirely in Italy, at the heart of the renowned Motor Valley. As the brand claims, this exceptional motorcycle is designed for the most discerning motorcyclists who demand nothing but perfection in every detail of their bike. The Lacama 2.0 boasts impressive performance and comes...
A group of Chinese engineers have created an autonomous robotic automobile capable of cleaning, repairing, and replacing parts on the country's Five-hundred-meter Aperture Spherical Radio Telescope (FAST), the world's biggest single-dish and most sensitive radio telescope. The telescope's reflecting surface is comprised of one-millimetre-thin aluminium plates. Maintaining 2,225 laser targets on a massive spherical dish with a receiving area of 30 football fields is difficult. According to the Institute of Automation under the Chinese Academy of Sciences, which constructed the robot, the newly developed robocar can run in all directions and perform replacement jobs autonomously, even on a 56-degree steep slope. FAST features a 500-meter-diameter reflecting surface in a natural sinkhole in...
A company called Nauticus Robotics from Houston has developed a remarkable solution known as the Nauticus Fleet, a group of electric surface and subsea robots. The Hydronaut, an autonomous surface vessel measuring 59 feet, has been tailor-made for the purpose of transporting, deploying, communicating with, recharging, and recovering the Aquanaut subsea robot. The Hydronaut has an aluminium alloy monohull and runs on two Volvo Penta engines with fuel technology for carbon neutrality. Nauticus’ toolKITT autonomous machine intelligence software platform has enabled the cooperative pairing of vessels to effectively carry out complex subsea tasks. According to Nicolaus Radford, the CEO of Nauticus, this technology is set to have a significant impact on the industry, with greenhouse gas...
Dirk Oehlerking of Kingston Custom is widely recognized for his impressive work in the world of custom motorcycles. His latest creation, the BMW R 18 The Crown, has been generating quite a buzz among enthusiasts, following the success of his previous masterpiece, the R 18 Spirit of Passion. The Crown is an exceptional tribute to BMW Motorrad's 100-year anniversary, designed with great care and artistry. Oehlerking utilized innovative materials such as hard foam and cardboard to create a truly unique and powerful design. The 2 mm thick aluminium sheet metal used in the self-designed body adds a touch of sophistication to the overall look. The technology behind this visionary motorcycle had to be reimagined to accommodate the unique design. Oehlerking engineered a completely new front wheel...
Founded in 2021, Qualfix is an aluminium extrusion plant headquartered in Ankara. It is known for providing excellent consumer items with their experienced personnel with over 15 years of expertise and high-tech manufacturing facilities. AL CircleBiz is quite excited to announce the inclusion of Qualfix into its existing database of 1200+ verified customers. The products offered by Qualfix include: Aluminium Elevator Profile Aluminum Mechanical Treatment Service Aluminium Extrusion Profile As a prominent leader in the aluminium extrusion sector, their goal is to surpass our client's expectations and satisfy their demands. They specialise in solar energy and lift profiles. With their investments in cutting-edge technology, they seek to continually enhance our manufacturing processes and...
Last week, Novelis Inc. announced the first quarter results of the financial year 2023-24 ended June 30, reporting a 19.61 per cent decline in net sales year-on-year from $5,089 million to $4,091 million, driven by lower average aluminium prices and reduced flat rolled products shipments, although offset by favourable product mix. As per Novelis’ report, the company’s aluminium flat rolled products shipments stood at 879,000 tonnes in Q1 FY2024, down by 9 per cent Y-o-Y due to decreased beverage can shipments and a little faded demand for value-added products required in the building & construction sector. Novelis’ net income attributable to common shareholders in Q1 FY2024 was recorded at $156 million – 49 per cent less than $306 million during the same period of the last year. Adjusted...
Lezyne has recently introduced a revamped selection of LED products, meticulously crafted and developed in-house to deliver the ultimate lighting experience for cyclists. It has an aluminium body that helps keep the light's internal temperature at bay. The brand's product lineup boasts unparalleled run times thanks to advanced heat dissipation technology, coupled with an innovative optical lens design and a waterproof USB-C charging port. The lights from this range are designed to provide exceptional performance, durability, and style that surpass even the most discerning riders' expectations. The newest LED lights come with a waterproof USB-C charging port, ensuring optimal performance in any weather conditions. Moreover, these lights support fast charging (3.0 and 2.0) for added...
