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 Monday, November 7, Maan Aluminium Limited announced its second quarter and H1 results of the financial year 2022-23 ended September 30, whereby it declared its revenue from operations closing at INR 1.88 billion compared to INR 1.73 billion in Q1 FY23 and INR 1.58 million in Q2 FY22. That showed an increase over the month as well as year, bringing the total income to INR 1.9 billion in the September quarter versus INR 1.74 billion in the June quarter. Revenue from operations in the first six months of the year (H1) totalled INR 3.6 billion, while total income stood at INR 3.64 billion. The latter grew by 28 per cent INR 2.81 billion during the corresponding period of the last year. Maan Aluminium also reported that its total comprehensive income in 2QFY22 amounted to INR 131 million,...
On Friday, November 4, a trial programme for the long-delayed Scottish Deposit Return Scheme was introduced in Orkney, giving islanders a chance to assist their community charities while preserving the environment. The initiative witnessed the installation of two reverse vending machines (RVM) at the Kirkwall location of Employability Orkney on Junction Road, which will sort, store and recyclable beverage containers like aluminium, plastic, and glass. On Friday, Lorna Slater, minister for the circular economy, visited Orkney to formally introduce Return & Recycle Orkney. Orkney is an archipelago off the northeastern coast of Scotland. Once the programme is implemented throughout Scotland, an additional £0.20 will be charged for goods sold in plastic, aluminium, or glass containers,...
On November 7, Emirates Global Aluminium, the biggest industrial company in the United Arab Emirates excluding oil and gas, introduced EGA Ramp-Up, an initiative with the focus on funding the next generation of entrepreneurs whose enterprises will help in a steady growth of the economy and generate new open work positions. EGA Ramp-Up will deliver practical aid and tuition to the entrepreneurs setting up businesses that heavily solidify the region's sustainability and social advancement quotient, along with encouraging new technology and immense human capital development. To achieve 100 per cent accountability through the process, EGA has collaborated with C3 to streamline the initiative. A UAE-based social organisation, C3 mainly lends a helping hand to entrepreneurs across the region to...
According to a report last week, Hydro signed a new strategic collaboration agreement with the Norwegian University of Science and Technology (NTNU) to build up professional collaborations to practise more R&D on aluminium and energy. The agreement was signed by Hydro’s President& CEO Hilde Merete Aasheim and NRNU’s chief academic and administrative officer Anne Borg, in the presence of key Hydro technologists, NTNU professors and SINTEF researchers in Trondheim. According to Aasheim, “Hydro and NTNU both recognize the importance of ensuring long-term sustainability in accordance with the United Nations’ sustainability goals and wish to promote collaboration to enable this. We both have the shared intention to strengthen, explore and increase the cooperation in connection with Hydro's...
The first-of-its-kind aluminium grate drainage solution launched by Stormtech in Australia ensures high-performing drainage solutions for residential and commercial bathroom applications. This unique aluminium grate drainage solution, dubbed Wave Grate, will revolutionise contemporary drainage by offering an Australian-first solution to architects, specifiers, and other industry experts looking for a premium product at a reasonable cost. Developed and produced in Australia using Australian components, the new anodised aluminium drainage system features a unique wave pattern. It is certified under WaterMark WMTS:-040:2021 to meet the Plumbing Code of Australia and surpass Australian Building Standards for quality and safety. “Wave Grate is 100 per cent Australian in every sense. It is...
Graphene Manufacturing Group from Brisbane was found advocating for its zero-carbon graphene aluminium ion battery that is supposedly 70 times swifter than a lithium-ion battery and can be plugged in and used innumerable times. The company claims this flagship product can alter the course of the Australian energy market in a few years. The continuously emerging use of alternative sources of energy, such as solar power, has been pressurising Australia's old energy grid system for a very long time. Demand for conventional energy sources also plunged during the last few months. Dr Alex Wonhas, the board member of the Energy Corporation of NSW, exclaimed that there was an immediate requirement for more investments in technologies that could store energy yielded from solar cells. To this...
National Aluminium Company Limited has hiked its aluminium ingot price, with effect from November 1, following a trim in the previous week. The company is currently selling its ingot at INR 217,050-220,550 per tonne, up by INR 6,600 per tonne or 3 per cent from INR 210,450-213,950 per tonne on October 26. Among the company’s aluminium products prices, its billets price has also seen an increase of INR 6,600 per tonne, with effect from November 1, to stand at INR 221,500-224,150 per tonne versus INR 214,900-217,550 per tonne in the earlier week. However, NALCO’s aluminium wire rod price has shown an exception by gaining INR 1,000 per tonne more than ingot and billets. The price is ranging between INR 221,550-225,900 per tonne, up by INR 7,600 per tonne or 3.5 per cent from INR...
Novelis Incorporation, the world’s largest aluminium recycler and flat-rolled producer, broke ground on November 6 on a new $50 million recycling centre in South Korea. The project will be able to produce 100 thousand tonnes of low-carbon sheet ingot annually by recycling aluminium, resulting in reducing Novelis’ carbon emissions by more than 420,000 tonnes each year. "As the world leader in sustainable, low-carbon rolled aluminum solutions, we are focused on accelerating the transition of the aluminum industry to a circular economy model through the increased use of recycled content in our products," said Sachin Satpute, President of Novelis Asia. "Doing so will reduce our carbon footprint – as well as that of our customers and industry as a whole – and lead us closer to realizing our...
LME aluminium opened at US$2,359.5 per tonne last Friday, with its high and low at US$2,360 per tonne and US$2,344 per tonne, respectively, before closing at US$2,350 per tonne, a drop of US$9.5 per tonne or 0.4 per cent. On November 4, Friday LME aluminium cash bid price augmented by US$89.50 per tonne or 4.04 per cent to halt at US$2,305 per tonne, and the LME aluminium official settlement price also had a spike of US$90 per tonne or 4.06 per cent to rest at US$2,306 per tonne. The 3-month bid price escalated by US$76 per tonne or 3.39 per cent to close at US$2,316 per tonne, and the 3-month offer price went up the same amount to close the week at US$2,318 per tonne. December 23 bid price and December 23 offer price both recorded a US$72 per tonne or 3.1 per cent hike, stopping at...
On Monday, November 7, A00 aluminium ingot price in China opened the week with a growth of RMB 70 per tonne to close at RMB 18,350 per tonne, with the average prices ranging between RMB 18,330 per tonne and RMB 18,370 per tonne. The spot contract price is expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The price in Hangzhou went up by RMB 60 per tonne to peg at RMB 18,390 per tonne, followed by a growth of RMB 50 per tonne in Wuxi and Shenyang to close at RMB 18,340 per tonne and RMB 18,300 per tonne. In Chongqing, the A00 aluminium ingot price increased by RMB 40 per tonne to stand at RMB 18,550 per tonne, whereas in Linyi and Gongyi, the prices expanded by RMB 30 per tonne and RMB 20 per tonne to reside at RMB 18,430 per tonne, respectively. In Foshan, the price...
On November 4, 2022, the global leader in developing innovative and value-added aluminium products, Constellium SE, announced that it is joining the First Movers Coalition (FMC), a global initiative to accelerate zero-carbon technologies and reduce carbon emissions. In a global initiative led by the World Economic Forum and the US Government, the First Movers Coalition (FMC) leverages companies' combined purchasing power to decarbonize hard-to-abate sectors. It has been joined by more than 50 companies to drive more green demand and low-carbon technologies and to advance climate change conservation. Jean-Marc Germain, the CEO of Constellium, said, "We are proud to join the First Movers Coalition and to contribute to a faster decarbonization journey for the industry. Aluminium is fully and...
The Chairman of the Board of Directors of Aluminium Bahrain B.S.C. (Alba), Shaikh Daij bin Salman bin Daij Al Khalifa, met with Bechtel’s President of Mining & Metals Global Business Unit Ailie MacAdam, Bechtel’s President of Europe, Africa, and Middle East Region Justin Siberell and Bechtel’ Regional Manager Mark Ashwin on the side of Gulf Aluminium Council Dinner at Ritz Carlton, Bahrain along with Alba’s CEO Ali Al Baqali to discuss areas of cooperation including the proposed line 7 project. While speaking on the importance of the proposed line 7, the Chairman of Alba’s Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa stated: “Aluminium is the metal of the future, and we are here to continue making it available through our soon-to-be investment in Line 7.” "Moving ahead...
Wildpack Beverage Inc. has initiated a partnership deal with Woodstream Corporation to supply their flagship hummingbird nectar in aluminium cans instead of the usual plastic packaging option. This step is to uphold the sustainability values put forward by both brands. From now on, Woodstream's nectar would come packed in aluminium cans manufactured in Wildpack facilities. Though the historical packaging material for the same has always been plastic, this switch might positively benefit the companies as aluminium is infinitely recyclable. This innovative addition might eradicate almost 150 tonnes of plastic which is quite commendable. Moreover, the exclusion of plastic might also be beneficial for the birds feeding on hummingbird nectar because aluminium is not as toxic as plastic. This...
The end-user sector has been extremely active with various innovations throughout the week. Ball Corporation has published its Q3 2022 net profit of US$392 million because of its diluted earnings per share of US$1.24 and net sales of US$3.95 billion. This is greater in comparison to the US$179 million net earnings and US$3.55 billion of sales during the same time frame in 2021. Ardagh Group also released its Q3 financial results declaring an adjusted EBITDA for the quarter, which fell to US$140 million with a 15 per cent decline on a constant currency basis. However, the company exported major consignments of beverage cans during the same time. The first indigenously manufactured aluminium train rake was flagged off by Indian Railways from Bhubaneshwar, Odisha. The innovation was possible...
This week the downstream sector of the aluminium industry witnessed the finalization of one of the biggest economic initiatives of Mississippi, where Gov. Tate Reeves and the Mississippi Legislature announced the finalization of tax incentives for the $2.5 billion aluminium mill project by Steel Dynamics. Apart from this, on October 31, Alcomet, a Bulgarian producer of rolled and extruded aluminium products, said that the first nine months of 2022 had brought in a staggering 34 million levs (US$17.3 million) in net profit. China's aluminium plate, sheet, and strip output are anticipated to reach 12.9 million tonnes by the end of 2022, up 2% from the previous year, according to the Shanghai Metals Market. At year's end, production of aluminium foil is anticipated to reach 4.75 million...
India's leading premier metallurgical grade alumina producer, Vedanta Alumina, Lanjigarh, is encouraging Waste-To-Wealth MSMEs in the Kalahandi district of Odisha. It has been supplying lime grit to local brick manufacturers, enabling the circular economy to turn industrial waste into value-added products. In the production of alumina, lime grit is produced by refining bauxite. The product can be used for several purposes, such as whitening paper, poultry feed, and even as a substitute for gypsum. The Vedanta Alumina refinery in Lanjigarh produces about 10,500 tonnes of lime grit every year, out of which nearly half is repurposed within the refinery. Another industrial by-product created by the company is fly ash, which is generated during thermal power generation. However, to ensure...
This week, the global primary aluminium industry witnessed many important events. Like, Volta Aluminium Company (VALCO) halted operations due to the ongoing labour disputes over a wage bar to BALCO successfully carrying out test runs using biodiesel in smelting operations. In the pilot test, the business used biodiesel to heat ladles or vehicles that move hot metal (aluminium) from plotlines to casting houses while still molten. Based on the CRISIL research, the operating margin for Indian primary aluminium producers is expected to fall by more than 1200 basis points (bps) to 22–24% this fiscal year due to reduced realisations and rising production costs. In the Financial Year 2022, Press Metal Aluminium Holdings Bhd is anticipated to have an exponential double-digit net profit (FY22)....
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes from Monday. On a month-on-month basis, the inventories on Thursday edged 93,000 tonnes lower, while that on a year-on-year basis stood 433,000 tonnes down. Transportation restrictions due to pandemic resulted in fewer arrivals in the market, leading to inventory downfall to the lowest this year. However, the transportation in Gongyi and Henan provinces has begun to resume from October 31, which is expected to alleviate supply tightness from the next week, allowing cargoes to arrive. To know the...
