Joedan is investing more than GBP 4 million (approx USD 5.3 million) in a major expansion of its Isle of Wight operation, a move expected to create up to 150 new jobs, including 30 apprenticeships, as the company strengthens its manufacturing footprint. The expansion will include a new 25,000 sq ft manufacturing extension, additional machinery, warehousing, and a showroom at the company’s site on a 3.5-acre plot in Newport. Planning permission for the new manufacturing facility has already been secured. Investment supports UK manufacturing jobs Joedan founder John Purcaro said the company was prepared to invest at a time when the market remains challenging because of its long-term confidence in the Isle of Wight and the future of UK window and door manufacturing. “Not many businesses of...
Nespresso will shift its focus to its aluminium range from paper-based capsules, following customer feedback on shelf life and the overall product experience. The Nestlé subsidiary said the paper capsules were introduced as a pilot project to give customers another option. The company said its experience showed that aluminium provides better protection for freshly roasted coffee. Nespresso said, “ Our experience has reinforced more than ever that aluminium is the best option for optimally protecting the high quality of our freshly roasted coffee all the way to the cup. ” The company added, “ For this reason, we have decided to discontinue the Paper-Based Collection and focus our efforts on our aluminium range going forward. ” To learn the future of aluminium in the packaging industry,...
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SpaceX owner and Twitter CEO Elon Musk fans have erected a 30-foot tall aluminium monument featuring a GOAT (Greatest of All Time) body. The $590,000 piece of art is 5 feet 9 inches tall and shows the billionaire's head perched on a goat riding a rocket. The artwork was made by Canadian metal artists Kevin and Michelle Stone and is known as the 'Elon Goat.' The company's website states that $EGT had visited states all around the nation and had decided to give Elon this gift at Tesla's Giga factory in Austin. "We are setting up an event at CIRCUIT OF THE AMERICAS, Austin. We are going to have some fun for a few hours and then all cars and trucks will hit the freeway behind the monument, destined for Tesla's Giga Factory," said Elon GOAT Token ($EGT). $EGT, a cryptocurrency company,...
Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium companies headquartered in the Middle East, has announced the third quarter and nine months results ended September 30, 2022. As per the report, Alba has booked a profit of BD48 million (US$127.6 million) for the third quarter of 2022 – 62 per cent less than BD125.9 million (US$335 million) in Q3 2021. But its profit in the entire first nine months of the year reflected an increase of 39.2 per cent Y-o-Y, amounting to above US$1 billion for the second year in a row. The nine-month profit was reported at BD376.7 million (US$1,001.9 million) compared to BD270.7 million (US$720 million) a year ago. Alba’s total comprehensive income in the first nine months of 2022 also stood higher than a year ago from BD275.5 million...
Tim Rundle is a designer based in London who has created a modular bed in collaboration with Danish brand ReFramed, utilising recycled aluminium that can be assembled with "no loose screws and just one tool". As exciting as the idea may seem, the bed is extremely sturdy and has been made keeping sustainability in mind. Aluminium is the most sustainable material, and recycling it leaves behind lesser carbon footprints than the production of primary aluminium. Inspired by the notion of circular economy and ideas such as reusability, endurance and malleability, a ReFramed bed truly justifies the tagline, "a bed for life". Tim Rundle said a few words about his creation: "The ReFramed bed was designed to address a gap in the market for well-designed beds." "It is a category that has been...
The Ghanaian holding company, Ghana Integrated Aluminium Development Corporation (GIADEC), dealing with all government investments and interests in the nation's integrated aluminium business, has introduced OPCL as the new majority shareholder of Ghana Bauxite Company (GBC) to the traditional leaders, Chiefs and people of Ahwiaso and Sefwi Bekwai in the Western North region. A 100 per cent owned Ghanaian company, OPCL, in March 2022, acquired 80 per cent shares in GBC, which a Chinese mining giant previously held, Bosai Minerals Group Limited, while the remaining 20% is owned by the Government of Ghana (GoG). The Chinese mining firm Bosai Minerals backed out of operations and left the country. The traditional leader, who doubles as the President of the National House of Chiefs, made...
On Friday, November 11, A00 aluminium ingot price in China has hiked by RMB 210 per tonne to settle at RMB 18,760 per tonne, with the average prices standing between RMB 18,740 per tonne and RMB 18,780 per tonne. The spot contract price is expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The price in Wuxi has increased by RMB 215 per tonne to settle at RMB 18,745 per tonne, followed by Foshan and Shenyang, where the prices have ascended by RMB 200 per tonne to peg at RMB 18,990 per tonne and RMB 18,690 per tonne. On the same day, prices in Gongyi, Hangzhou and Linyi has gone up by RMB 190 per tonne to halt at RMB 18,620 per tonne, RMB 18,750 per tonne and RMB 18,790 per tonne. The A00 aluminium ingot price in Tianjin has climbed up by RMB 180 per tonne to stand at...
LME aluminium opened at US$2,333.5 per tonne on Thursday, with its high and low at US$2,335 per tonne and US$2,317.5 per tonne respectively before closing at US$2,323 per tonne, a decrease of US$10.5 per tonne or 0.45 per cent. On November 10, Thursday, LME aluminium cash bid price and LME aluminium official settlement price both plunged by US$66 per tonne or 2.82 per cent to halt at US$2,271.50 per tonne, and US$2,272 per tonne, respectively. The 3-month bid price has gone down by US$71 per tonne or 3.02 per cent to settle at US$2,283 per tonne and the 3-month offer price downsized by US$70 per tonne or 2.97 per cent to close at US$2,285 per tonne. December 23 bid price and December 23 offer price recorded a fall of US$67 per tonne or 2.8 per cent, stopping at US$2,353 per tonne and...
Penrhos Spirits, a Herefordshire-based liquor company, is planning to relaunch its award-winning spirits in specially constructed aluminium bottles starting in the winter of 2022–2023. The company is also launching a new limited-edition drink in honour of its upcoming packaging goals for the New Year. Herefordshire is a county in the West Midlands of England governed by the Herefordshire Council. The team chose to develop the aluminium bottles to give customers a more environmentally friendly alternative to glass bottles as part of Penrhos' continued commitment to sustainability and reducing its carbon footprint. "At Penrhos Spirits, we are always looking for ways to improve our sustainability in both the orchards and distillery. This launch marks an exciting moment in the Penrhos...
Constellium SE, a global manufacturer of aluminium rolled products, extruded products and structural parts, announced that the company is providing aluminium auto body sheet for the brand-new Maserati Grecale SUV. For the hood, liftgate, and doors of the Maserati Grecale, Constellium is the major supplier of Auto Body Sheet solutions. Constellium offers Surfalex®, its high surface quality solution with unique hemming and roping capabilities, which is especially suited to the sculpted lines that distinguish companies like Maserati for the outside of the hood and liftgate. In 2021, 1 in 4 vehicles produced in Europe and the US received aluminium solutions from Constellium, a full-service supplier of rolled and extruded aluminium solutions for the worldwide automotive market. We work with...
Kunshan Huapin Aluminum Co., Ltd, a specialized manufacturer focused on the study, creation, manufacturing, and marketing of aluminium oxide materials has joined Aluminium Stewardship Initiative (ASI) as its new Industrial User member. Besides offering professional aluminium oxide, the company also provides custom products based on customer samples. "Kunshan Huapin is honored to join ASI as a member. By joining ASI, we can learn from excellent enterprises in the industry and make contributions to the sustainable development of the aluminum industry," said Chen Guangliang, General Manager at Kunshan Huapin Aluminum. Its goods have exceptional qualities, including metal sensing, resistance to fingerprints, resistance to scratches, and environmental protection, among others. According to the...
Vedanta, one of the largest producers of aluminium in India, has achieved yet another milestone. The company obtained the Bureau of Indian Standards (BIS) certification and has become the first in the Indian aluminium business to have received the BIS certification for its broad range of aluminium products. With this certification, all their products are now Bureau of Indian Standards (BIS) certified, upholding its claim to unrivalled quality. "Aluminium will be indispensable to a low carbon future, with its limitless potential for applications in clean energy solutions, electric mobility, green buildings, high-tech manufacturing, sustainable packaging and more. Therefore, Vedanta Aluminium has robust systems in place to understand and exceed customer expectations. The BIS certifications...
Ardagh Metal Packaging (AMP) has united prime aluminium industry monarchs in agreeing with the Mission Possible Partnership (MPP) terms, which is an initiative to reach the shared global stakeholder idea of achieving net zero emissions by 2050. The Mission Possible Partnership, a non-governmental, non-profit board, is on a quest to enlist sustainability-aimed minds or, rather, bring CEOs of global companies with a similar agenda of achieving net zero together with their customer and supplier base. This bringing together might develop a strong base in the leadership domain, enabling the leaders to make critical financial decisions regarding net zero programmes that can be upheld for the upcoming ten years. AMP is already building trust with established companies like Alcoa, Novelis,...
Venezuelan state-owned enterprise Aluminium Nationals SA (Alunasa) halted operations in Costa Rica almost one year ago, laying out a debt evaluation of R$19 million. As official apprentices claim, the debt has not only affected the workers but also impacted the Costa Rican coffers. Alunasa is one of the biggest aluminium products organisations in Costa Rica and it mainly deals in aluminium laminated sheets and semi-ready aluminium components made from ingots. The default was orchestrated during the government of Nicolás Maduro, and as explained by the Costa Rican Social Security Fund (CCSS), going by the Argentine portal Infobae, it could be determined that Alunasa’s operations were stopped one year back. Though the company was charged R$8.2 million for labour charges and R$10.8 million...
Researchers at the Massachusetts Institute of Technology (MIT) have created medical devices that might be employed within the body as stents, staples, or drug depots and then securely broken down on demand when they are no longer required by exploiting a process that causes fractures in the metal. Exposure to eutectic gallium-indium (EGaIn) can cause aluminium medical devices like stents, staples, or drug depots to dissolve within the body. The researchers wrote about their findings in a recently published report in Advanced Materials. They suggested that this liquid metal alloy may be physically applied to the device or given to patients as nanoparticles. "It's a really dramatic phenomenon that can be applied to several settings. What this enables, potentially, is the ability to have...
National Aluminium Company Limited (NALCO) has elevated its aluminium ingot and aluminium products prices for the second consecutive time since November 1, although slightly at a lower rate. Compared to a hike of INR 6,600 per tonne on November 1, NALCO increased its aluminium ingot price by INR 5,300 per tonne on November 10. Thus, the price has come in at INR 222,350- 225,850 per tonne versus INR 217,050-220,550 per tonne last week. NALCO’s aluminium billets price has also seen a surge of INR 5,300 per tonne, with effect from November 10, amounting to INR 226,800- 229,450 per tonne. Aluminium wire rod price has been raised from INR 221,550-225,900 per tonne on November 1 to INR 226,850- 231,200 per tonne on November 10. NALCO links its aluminium prices to the three-month futures of...
According to the Shanghai Metals Market, China produced 6.68 million tonnes of metallurgical-grade alumina in October 2022 (31 calendar days), with daily output of 215,400 tonnes. The monthly production stood 0.61 per cent down M-o-M but 10.3 per cent more over the year. At the end of October, the operating capacity was 78.61 million tonnes, with operating rates at 81.1 per cent, found SMM. The decline in monthly output during October touched upon some of the major Chinese cities, whilst a few saw an increase in production. In Shandong, alumina output during October was 2.16 million tonnes, reflecting a drop of 2.41 per cent M-o-M; in Shanxi and Henan, the production of the ore was 1.58 million tonnes and 721,000 tonnes, respectively, after losing 0.62 per cent and 7.43 per cent of output...
On November 9, Brisbane-headquartered Graphene Manufacturing Group (GMG) declared it would raise a US$5 million fund through a ‘bought deal’ unit offering. GMG is listed on the Toronto Stock Exchange, and it has announced selling 1,819,000 of its shares with Canadian Eight Capital, an investment firm looking after the primary underwriting, company bookkeeping and building references with a team of underwriters. The closing date for the deal has been scheduled for November 29 with a per unit price of US$2.75, where a unit consists of one ordinary share and an ordinary share purchase warrant. A buyer would be spending US$3.35 for a share that escalates 48 months after the closing date. GMG has claimed that the entire newly raised fund would benefit the company’s working capital in the...
LME aluminium opened at US$2,321.5 per tonne on Wednesday, with its high and low at US$2,321.5 per tonne and US$2,307 per tonne, respectively, before closing at US$2,308 per tonne, a decrease of US$13.5 per tonne or 0.58 per cent. On Wednesday, November 9, LME aluminium cash bid price increased by US$11 per tonne or 0.47 per cent to close at US$2,337.50 per tonne. However, LME aluminium official settlement price had inched up by US$1 per tonne to close at US$2,338 per tonne. 3-month bid price and 3-month offer price ascended by US$15.5 per tonne or 0.66 per cent to halt at US$2,354 per tonne and US$2,355 per tonne. December 23 bid price and December 23 offer price came in at US$2,420 per tonne andUS$2,425 per tonne after recording a growth of US$13 per tonne. LME aluminium opening stock...
Tokyo-based motorbike innovator Kawasaki is about to launch its 2023 KX250 dirt bike in India, which has an aluminium skeleton and is extremely lightweight. The Kawasaki KX250 is a track-only dirt bike and has undergone various upgrades for the 2023 model. The bike is structured around an aluminium perimeter frame and displays the legendary Renthal aluminium Fatbar. Besides the aluminium fat bar, the footpegs and the shrouds are all extremely strong, making the 2023 KX250 dirt bike a sturdy ride. The shiny aluminium in the bike’s framework makes it lighter, just 108 kgs, and attracts enthusiastic young minds for adventurous rides. Aluminium is infinitely recyclable, so at the end of life, each bike can be sent in for particular recycling processes separating the vehicle's components....
