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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On Wednesday, November 9, National Aluminium Limited (NALCO) announced its financial results for the second quarter and first half of the fiscal year 2023 ended September 30. The company declared its total income stood at INR 3,558.83 crore during Q2 FY23 compared to INR 3,846.22 crore in Q1 and INR 3,634.59 crore in Q2 FY22. That recorded a Q-o-Q decline of 7.47 per cent and a year-on-year fall of 2.08 per cent in the September quarter. However, for the first half of FY23, NALCO booked a 20.6 per cent increase in total income from INR 6,140.88 crore to INR 7,405.05 crore. NALCO’s profit before exceptional items and tax was pegged at INR 245.88 crore in Q2 FY23, 68.40 per cent less than INR 778.05 crore a quarter ago and 75.80 per cent plunged from INR 1,016.07 crore a year earlier,...
A00 aluminium ingot price has plunged by RMB 60 per tonne, closing at RMB 18,550 per tonne, as the Shanghai Metals Market recorded on Thursday, November 10. The average prices are expected to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with spot contracts trading at a discount price of 40 per tonne. The provinces in China have witnessed overall falling prices, with the aluminium ingot price rising only in Chongqing by RMB 120 per tonne to rest at RMB 18,770 per tonne. The price of aluminium in Gongyi dropped RMB 100 per tonne to curl up at RMB 18,430 per tonne, whereas the price of aluminium in Hangzhou has gone down by RMB 90 per tonne to halt at RMB 18,560 per tonne. The aluminium prices in Wuxi, Shenyang and Linyi all plummeted by RMB 60 per tonne to close at RMB...
According to a leading sector expert, the UK's aluminium industry has a 'once in a generation' opportunity to drive sustainability, the circular economy, and the transition to Net Zero. Tom Jones, the CEO of the Aluminium Federation (ALFED), made the rallying call after the release of the organisation's latest report reveals more than 39,000 people are directly employed in this manufacturing discipline, with a total GVA of nearly £3 billion. Undertaken in partnership with the Fraser of Allander Institute, the document uses an economic model that predicts the sector’s real value is closer to £7.4 billion and supports the employment of 104,000 full-time jobs when considering the indirect impact of this unique material. The former toolmaking apprentice, who spent 35 years working at several...
On November 2, Aluminium Bahrain B.S.C. (Alba), one of the largest aluminium smelters globally, was awarded the Gulf Aluminium Council (G.A.C.)'s Health & Safety Award 2022 at the Gulf Aluminium Dinner that was hosted at the Ritz Carlton, Bahrain. The award was handed over to Alba's Chief Executive Officer, Ali Al Baqali, via the hands of Alba's Chairman of the Board, Shaikh Daij bin Salman bin Daij Al Khalifa, who was also the patron of the dinner. Illuminated by the occasion, Alba's Chairman of the Board Shaikh Daij commented: "It takes leadership to improve Safety. I take the opportunity to thank our C.E.O. and the Management team for going the extra mile to ensure Safety is a top priority." "We are pleased to be the recipient of G.A.C.'s Health & Safety Award and equally proud to be...
Coal-fired power stations are responsible for 30 per cent of the world's CO2 emissions. Even while the globe is embracing alternative energy sources that don't produce greenhouse emissions, including solar and wind power, finding a technique to lower the carbon output of existing plants might help minimise their effects while they are still in operation. According to reports, researchers from the National Institute of Standards and Technology (NIST) developed a metal-organic framework (MOF) called Aluminium formate (ALF), which can distinguish carbon dioxide (CO2) from other chemicals that escape the smokestacks of coal-fired power plants. It also doesn't have the drawbacks that other suggested carbon filter materials do. "What makes this work exciting is that ALF performs really well...
Sam Crawford’s aluminium-clad Bara Bridge in Sydney for Centennial Park & Moore Park Trust resembles the shape of the migratory eels found in the region. The existing pedestrian bridge has been discarded to begin the construction of the complex Light Rail. The bridge has been aligned with anodized aluminium balusters that shine when sunlight falls on it and the water beneath, creating a spectacular sight. The newly built bridge is spread 40m across Kensington Pond and is very crucial for the smooth transport of southern pedestrians and cycle riders to the Centennial Parklands, reinstating the Park’s accessibility. The bridge also joins the gap between the Kensington residents and the wider cycle of riding or hiking enthusiasts. The founder and director of Sam Crawford Architects (SCA),...
According to the US Geological Survey (USGS) data, India imported 46,100 tonnes of aluminium scrap from the United States in August 2022. That reflected an increase of 5,200 tonnes or 11.28 per cent sequentially, following restraint in the previous month at 40,900 tonnes. In June, India’s aluminium scrap import volume from the US grew 6.50 per cent or 2,500 tonnes M-o-M from 38,400 tonnes. On a year-on-year calculation, India’s aluminium scrap imports from the US edged 800 tonnes higher than 45,300 tonnes, found USGS. From January to August 2022, India imported 314,000 tonnes of aluminium scrap from the US in total, 26.61 per cent more than 248,000 tonnes during the corresponding period of the last year. In August 2022, the United States exported 178,000 tonnes of aluminium scrap...
A family home with gabled features and corrugated aluminium cladding titled the Everden House crafted by the Canadian company StudioAC is situated in the Cedarvale neighbourhood of Toronto. Located in a narrow and rectangular property, the simple yet luxurious home is a three-story structure that looks like stacked boxes. The home's gabled roof makes reference to the neighbourhood's housing stock. Some windows and interior components also utilised the peaked style. A gabled roof includes two sections sloping on opposites of the roof ridge. "The brief was to create a home that felt unique and personal to the homeowners and unapologetically contemporary, while still having cues to the traditional ideas of 'house'. While a gabled roof is one of the quintessential icons of 'house', we were...
A leading investment fund in the MENA region focused on unlocking a positive future for the region, and beyond, the Dubai Investment Fund (DIF) asserts that India's untapped resources will need to be explored to navigate the nation's demand for new infrastructure and facilitate the housing bubble. The international asset management company headquartered in Dubai says India enjoys a notable cost advantage in producing aluminium and steel. However, due to its beneficial position, it has the advantage of export probability to rapidly growing markets in Asia. As of 2022, The total number of mines in India that filed reports is expected to attain 1,425, with 720 mines filing reports for non-metallic minerals and 525 mines for metallic. The mining industry's proliferation is essential for a...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices by INR 2,000 per tonne, with effect from Tuesday, November 8. This follows a hike of INR 6,250 per tonne in the previous week, November 5. As per the latest price chart revealed by Hindalco, its aluminium ingot price stands at INR 216,000 per tonne compared to INR 218,000 tonnes on November 5. Hindalco’s aluminium wire rod price has come in at INR 227,100 per tonne as of November 8 versus INR 229,100 per tonne on November 5. Aluminium billets price has summed up at INR 230,100 per tonne, down by INR 2,000 per tonne from INR 232,100 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange. The...
After a brief pause in production, the Volta Aluminium Company (VALCO) is about to resume operations. This decision was at the helm during the meeting chaired by the Senior Management of VALCO, the VALCO local union and the Ministry of Lands and Natural Resources and leadership of the Industrial and Commercial Workers Union (ICU). A few days back, the media was flooded with news about workers' agitation in the facilities for dollar-equivalent payment . It came into prominence that the face-off had become so serious that some Management Members were not allowed entry into the factory premises, which had largely affected the day-to-day operations of the aluminium smelter. Though authorities had decided to shut down the plant for almost a week, it is now open after successful settlement...
Hydro Rein and Commerz Real are reportedly forming a joint venture to acquire and develop two early-phase solar projects in Jylland, Denmark. These are the first-ever investments in the Danish photovoltaic market for Commerz Real. The construction of the projects is expected to start in 2024, and operations to begin in early 2026. The objective is to grow the portfolio to 1 GW. The joint venture will be owned equally by Hydro Rein and Commerz Real. Danish developer GreenGo Energy will develop the projects until they come into operation. As per the report, the projects will have an estimated peak capacity of 170 MW and 192 MW, respectively, with a total annual production of 412 GWh. The two new solar projects are expected to power energy-intensive industries and help them decarbonise their...
Stemin S.p.A., an Italian aluminium recycling expert and a pioneer in producing secondary aluminium alloys, achieved the Aluminium Stewardship Initiative (ASI) Performance Standard V2 (2017) Certification at its recycling and remelting facility in the Italian region of Bergamo. A total of 70,000 tonnes of semi-finished aluminium products are generated each year from the 120,000 tonnes of scrap metal that is processed. “Obtaining the prestigious ASI certification, for a relatively young company in the sector like ours, denotes how correctly our vision has always been directed and how much our work is oriented towards sustainability in every aspect. Our products, made primarily from secondary material, ensure low CO₂ emissions, contributing to increased value and responsibility over the...
Novelis Inc., the world’s leading recycler and aluminium flat rolled producer announced its second-quarter results for the financial year 2023 on Tuesday, November 8. The company declared its net income attributable to common shareholders decreased by 23 per cent year-on-year to $183 million. Net income from continuing operations also shrank 23 per cent from the prior year to $184 million, while the same, excluding special items, declined 17 per cent Y-o-Y to $203 million, primarily due to lower Adjusted EBITDA. Adjusted EBITDA lost 8 per cent over the year in 2QFY23 from $553 million to $506 million, owing to higher energy costs and other raw materials prices driven by geopolitical instability, inflation, and global supply chain disruptions. However, these were partially offset by...
LME aluminium opened at US$2,378 per tonne on Tuesday, with its high and low at US$2,380 per tonne and US$2,340 per tonne, respectively, before closing at US$2,345 per tonne, a decrease of US$33 per tonne or 1.39 per cent. On November 8, Tuesday LME aluminium cash bid price went up the graph by US$35 per tonne or 1.53 per cent to halt at US$2,326.50 per tonne, and the LME aluminium official settlement price also had a similar percentage hike resting at US$2,327 per tonne. The 3-month bid price and the 3-month offer price both escalated by US$37.50 per tonne or 1.63 per cent to close at US$2,338.50 per tonne and US$2,339.50 per tonne. December 23 bid price and December 23 offer price, on the other hand, recorded a rise of US$37 per tonne or 1.56 per cent, stopping at US$2,407 per tonne and...
On Wednesday, November 9, A00 aluminium ingot price in China hiked by RMB 140 per tonne to settle at RMB 18,610 per tonne, with the average prices ranging between RMB 18,590 per tonne and RMB 18,630 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The prices in Tianjin and Shenyang have increased by RMB 170 per tonne and RMB 150 per tonne to score at RMB 18,590 per tonne and RMB 18,550 per tonne. As per the SMM data, A00 aluminium ingot price in Foshan, Wuxi and Hangzhou has gone up by RMB 140 per tonne to stand at RMB 18,820 per tonne, RMB 18,590 per tonne and RMB 18,650 per tonne. Chongqing and Linyi's prices closed at RMB 18,770 per tonne and RMB 18,660 per tonne after recording a growth of RMB 120 per...
Swedish electric motorbike company Cake has unveiled its latest “boundary-pushing” lightweight, high-performance off-road bike, named Bukk, featuring an aluminium framework. Primary offered in a limited edition mode, 50 units of the motorbike will be available. The Cake Bukk off-road platform has been specially crafted for trail and track use, with the company boss, Stefan Ytterborn, explaining that it displays “the boundary-pushing performance ambition of Cake products”. It offers “true excitement blended with responsibility”. The Bukk platform has been classified as an A2 off-road bike and has been designed and produced on a new platform featuring a bespoke frame, geometry and suspension, with the aim of providing a “category-leading” power to weight proportion. The motorbike weighs...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne on November 5. Vedanta’s aluminium billet price is hovering around INR 227,250 per tonne, effective from November 8, compared to INR 229,250 per tonne. Aluminium ingot price has pegged at INR 218,250-249,250 per tonne, also down by INR 2,000 per tonne from INR 220,250- 251,250 per tonne. Vedanta has cut its aluminium ingot and aluminium products prices in response to the decline of US$14 per tonne in the three-month futures of aluminium on the London Metal Exchange from US$2,306 per tonne on...
