Golkonda Aluminium Extrusions Limited saw its reported sales surge to INR 13.99 billion (USD 144.48 million) in the second quarter ended September 30, 2026, from INR 1.86 million (USD 19,208.92) a year earlier. The sharp rise in sales, however, did not translate into stronger profitability, with the company reporting a net loss of INR 0.321 million (USD 3,315.09) compared with net income of INR 0.471 million (USD 4,864.19) in Q2 2025. The same contrast carried into the first six months of the financial year. Golkonda Aluminium reported sales of INR 13.99 billion (USD 144.50 million) for the six months ended September 30, compared with INR 3.64 million (USD 37,591.66) a year earlier, while net income fell to INR 0.643 million (USD 6,640.50) from INR 2.13 million (USD 21,997.31). Sales...
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...
Grow with
AL Circle
Profile Group, a Te Rapa-based aluminium door and window company was declared the overall winner of the annual Waikato Chamber of Commerce Business Awards. The Profile Group is a family of businesses and is the sole integrated supplier of aluminium window and door solutions in New Zealand. Te Rapa is a semi-rural suburb in the northwest of central Hamilton, New Zealand, with a mixture of light industrial and large-scale retail. The Foster Construction Group 2022 Supreme Award, together with the Business Growth and Service Excellence awards, were won by Profile Group. The judges commended Profile Group for its "world-class role models" status in various areas, including future vision, product innovation and design, continued dedication, and true caring for the community, Aotearoa, and the...
Blå Station, the Swedish furniture brand, has relaunched Stefan Borselius and Fredrik Mattson's stackable chair, Sting, which was initially created in 2003. In the latest version, the seat and backrest of the chair are manufactured from 90 per cent recycled aluminium, while the chair's legs are constructed of stainless steel. "At home indoors as well as outdoors, Sting has that perfect tilt of the backrest," said Blå Station. Sting chairs are appropriate for both indoor and outdoor environments. A plastic connector at the bottom of the chair leg allows them to be joined together in rows or stacked to conserve space. Blå Station has kept the original graphic shape by Sting. The design may be customised with different seat pads or a writing table and is available with or without armrests....
The soaring energy prices in Europe have caused a severe impact on aluminium production and shifted output to China. However, due to China’s increasingly depleted bauxite reserves, this repositioning has increased bauxite shipments, benefitting the West African nation, Guinea, the world’s largest exporter of bauxite, which accounts for around half of traded volumes and has seen a 14.9% growth in bauxite shipments by now in 2022. As a result of growth in bauxite and coal volumes, capsizes have been relieved this year. A decline in Chinese iron ore demand and reduced congestion has caused the Baltic Exchange's Capesize 5TC index to fall on average 50.6 per cent Y-o-Y. Filipe Gouveia, the shipping analyst at BIMCO, said, "Weaker iron ore demand led operators to relocate ships to alternative...
Emirates Global Aluminium, the biggest industrial enterprise in the United Arab Emirates, excluding the oil and gas sectors, has bagged the platinum UAE Innovation Award from Dubai Quality Group, a UAE-based training and knowledge-sharing global hub. The UAE Innovation Awards ceremony is chaired by the President of Dubai Civil Aviation Authority, the Chairman and Chief Executive of Emirates Airline and Group, the Chairman of Dubai Airports and His Highness Sheikh Ahmed bin Saeed Al Maktoum himself. EGA was the recipient of the UAE Innovation Award for a successful leap toward innovation and improvement by relentlessly monitoring the global competitive market along with excelling in its advancements. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: “We are honoured to be...
Hindalco Industries Limited slightly reduced its aluminium ingot and aluminium products prices on November 3, a day after it hiked the prices by INR 5,250 per tonne. On November 3, Hindalco’s aluminium ingot price saw a dip of INR 1,500 per tonne from INR 213,250 per tonne to INR 211,750 per tonne. Aluminium wire rod price was also cut by INR 1,500 per tonne or 0.67 per cent to be sold at INR 222,850 per tonne on November 3 versus INR 224,350 per tonne on November 2. Hindalco’s aluminium billets price is standing at INR 225,850 per tonne since November 3, also down by INR 1,500 per tonne from INR 227,350 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange....
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent year-on-year. The output of can body stock, can end stock and packaging foil is estimated to close the year at 1.88 million tonnes, 500,000 tonnes, and 2.4 million tonnes, respectively. On a year-on-year basis, the output of can body stock and can end stock will record an 11 per cent hike, while packaging foil will reflect a 4 per cent growth. SMM estimates robust demand for aluminium plate/sheet and strip for food packaging will drive the growth of the aluminium flat rolled industry. The output...
Climate change is one of the most challenging situations to tackle, especially for the workers who work under hot conditions; ensuring a safe and sound environment under such a situation is really important. With this, Emirates Global Aluminium (EGA), one of the world's largest producers of 'premium aluminium' announced on Monday, October 31, that the company had reached its goal of recording zero incidents of heat-related sickness among its staff and subcontractors who worked outside this summer. The "Beat the Heat" initiative at EGA is a summer-long, intensive effort throughout the business. Employees are taught the early warning signals of heat stress in themselves and other people. They are required to perform hydration tests before and during their shifts and are also urged to take...
Researchers from Sweden’s Digital Cellulose Center have come up with an enhanced version of their previously developed paper supercapacitor yielding 10F through a demonstration drive. In the former version, one would come across aluminium-coated plastic substrates, but in the latest one, they have incorporated an aluminium-coated paper variation, creating a sustainable paper supercapacitor. The current materials that comprise the capacitor are cellulose pulp derived from softwood and a water-based ink made from the conductive polymer PEDOT: PSS, along with some compatible substances like activated carbon. The Center had screen-printed this on an aluminium-coated plastic substrate just a while back. Still, in this upgraded version, the Researchers have swapped the plastic for paper,...
The High Profile lighting series, created by Dutch design firm MVRDV, uses scrap aluminium profiles collected from Delta Light's products. The architectural lighting company Delta Light often uses aluminium profiles for recessed lights in walls or ceilings. Each High Profile lamp is individually produced by fusing aluminium scraps to create a sculptural lampshade. They come in three styles: cube-shaped pendants, floor lights, and wall sconces. "The design looks critically at the manufacturing process, finding not only opportunity but also beauty in elements that are normally discarded as waste," said MVRDV. "The amazing details of these profiles are usually hidden inside the wall or ceiling – we wanted to make their beauty visible as the main feature of the new design. We were very...
On Thursday, November 3, Ball Corporation announced its third quarter and year-to-date results ended September 30. Ball Corporation is the world’s leading sustainable aluminium packaging provider for beverage, personal care and household products. In Q3, the company generated net earnings of $392 million attributable to the corporation or diluted earnings per share of $1.24, backed by $3.95 billion of sales, compared to $179 million net earnings on $3.55 billion of sales during the same period last year. As per the report, the company recorded this gain on the Russian business disposal during 3Q2022. In the nine-month period, Ball yielded net earnings of $664 million or $2.07 per diluted share in comparison with $581 million or $1.75 per diluted share last year. This year from January to...
LME aluminium opened at US$2,249.5 per tonne on Thursday, with its high and low at US$2,271.5 per tonne and US$2,217.5 per tonne, respectively, before closing at US$2,260.5 per tonne, an increase of US$10.5 per tonne or 0.47 per cent. On Thursday, November 3, both LME aluminium cash bid price and LME aluminium official settlement price went down by US$11 per tonne or 0.49 per cent to stop at US$2,215.50 per tonne and US$2,216 per tonne. 3-month bid price and 3-month offer price inched up by US$2.5 per tonne or 0.11 per cent and US$3.5 per tonne or 0.15 per cent to record at US$2,240 per tonne and US$2,242 per tonne. December 23 bid price and December 23 offer price climbed up by US$3 per tonne or 0.12 per cent to settle at US$2,318 per tonne and US$2,323 per tonne. LME aluminium opening...
A00 aluminium ingot price has glided up by RMB 30 per tonne, closing at RMB 18,280 per tonne, as the Shanghai Metals Market recorded on Friday, November 4. The average prices are expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne, with spot contracts trading at the premium price of 10 per tonne and 50 per tonne. The provinces in China have recorded escalating prices today, with the A00 aluminium ingot price rising the highest in Linyi by RMB 70 per tonne to stop at RMB 18,400 per tonne, followed by RMB 40 per tonne hike in Gongyi and Chongqing closing at RMB 18,410 per tonne and RMB 18,510 per tonne. The aluminium price in Wuxi has decked at RMB 18,290 per tonne with an escalation of RMB 30 per tonne, while in Hangzhou and Tianjin both, the aluminium prices had a...
On November 3rd, 2022, London-based Vedanta Resources, the holding company of India’s Vedanta Limited, discontinued the rating services of Moody’s after the latter lowered the company’s ratings on debt concerns. Commodity tycoon billionaire Anil Agarwal led Vedanta Limited, India's leading aluminium producer, and diversified to other natural resources. It is the most extensive mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. According to a statement released on November 3rd, 2022, late evening India time, Vedanta said: “Vedanta Resources Limited hereby announces that it has today given notice to Moody’s Investor Services to discontinue its rating engagement and to withdraw all the outstanding...
On Wednesday, November 2, Gov. Tate Reeves and Mississippi Legislature finalized one of the greatest economic development projects of the region, which is expected to create 1,000 employment opportunities in Lowndes County. The Mississippi House and Senate have approved the tax incentives for the companies' expansion in the Golden Triangle. Apart from the state-of-the-art low-carbon, aluminium flat-rolled mill and a biocarbon production facility by Steel Dynamics, the $2.5 billion project will also include a recycled aluminium flat-rolled facility. This facility will supply the automotive, industrial, and industrial packaging sectors. The project is a part of Steel Dynamics' expansion of its Columbus, Mississippi, campus, which is situated on a Tennessee Valley Authority Mega Site. A...
Alcoa Corporation, the world’s eighth largest aluminium producer, won the Aluminum Industry Leadership award at the 10th annual Platts Global Metals Awards, which recognise and celebrate leadership, innovation, stewardship and commitment to a greener future. Kelly Thomas, Alcoa’s Executive Vice President and Chief Commercial Officer, accepted the award, the most respected and competitive in the metals sector. It recognises companies that shape the future of the metals industry. For the past five decades, the Global Metals Awards has recognised and honoured the best-of-the best in the metals industry, whether individual or company. The award acknowledges leadership across fifteen categories. The Aluminum Industry Leadership award recognises companies that produce and process aluminium...
Bangladesh Thai Aluminium Ltd. has recorded a 98 per cent falling net profit for the year ending on June 30, 2022, in contrast with the earnings of the previous year. This is mainly due to the augmented raw material and freight rates, alongside the degrading economic conditions of the region. One of the greatest manufacturers encouraging the aluminium industry in Bangladesh, Thai Aluminium marked a net profit of only Tk 2.56 million in the fiscal year 2021-22, whereas the year before, it had an enormous earning of Tk 160 million. Due to the above discrepancy, the company's earnings per share plummeted to Tk 0.02 compared to Tk 1.25 in the previous fiscal year. Because there was an enormous plunge in profits, the board of directors initiated no dividend estimation for the company's fiscal...
A billet is one of the most widely used aluminium product forms globally. Billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom. On Thursday, November 3, aluminium billet inventories in China increased by 4,700 tonnes W-o-W, closing at 60,500 tonnes. Arrival times were delayed by slower transportation, and downstream consumers in east and south China were more cautious due to the epidemic. It is anticipated that the social inventory will grow modestly next week. The figure below provides further information on the current state of aluminium billet inventories in China: According to the SMM data, inventories in Wuxi and Huzhou ascended by 6,200 tonnes or 119.23 per cent and 1000 tonnes or 20 per cent to settle at 11,400 tonnes and 6,000...
Ducati has unleashed its latest Diavel V4 featuring a Bologna’s V4 Granturismo engine, along with an aluminium monocoque frame that has significantly reduced the motorcycle's weight. Ducati has redesigned the vehicle with substantial change in the styling and chassis design for 2023. Although there has been a transformation from two cylinders to four, surprisingly enough, the Diavel V4 has a 13 kg reduced weightage, solely due to the aluminium monocoque chassis that saves almost 8 kg. In place of the steel trellis in the prevailing Diavel model, Ducati has utilised the non-ferrous metal, aluminium, to create the skeleton of the motorcycle. The aluminium monocoque chassis comes seamlessly hooked with the cylinder heads. Although the hind subframe is a steel trellis unit, the swingarm is a...
