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...
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This week the end-user sector had some affirmative episodes, like Ball Corporation joining hands with the Indian non-alcoholic beverage maker Radiohead Brands to launch three new Jimmy’s sparkling drinks; Tonic Water, Ginger Ale and Classic Lemonade. Aluminium, the gradually growing non-ferrous metal, is being used in almost everything from vehicles to vessels, from buildings to bouquets, from cell phones to bottle caps and whatnot. In Europe alone, the on-trade consumption of aluminium screw caps for liquid bottles has increased by 20 per cent as more and more beverage or beauty companies are switching to this sustainable material. While on October 25, the state senators of Nebraska declared that there had been an ongoing aluminium crisis in the region as the outcome of the pandemic. The...
The Norwegian aluminium and renewable energy company, headquartered in Oslo, Norsk Hydro, was recently honoured with the “Mining & Raw Materials Industry Leadership Award” at the annual S&P Global Platts Global Metals Awards 2022. The Global Metals Awards honour the top performers in the metals sector in 15 categories, ranging from individual to corporate accomplishments. S&P Global Platts, the leading independent source of news and benchmark prices for the commodities and energy markets, is the organisation that hosts it. “This recognition is an acknowledgment of the great work being done throughout our organization and sends a strong message of Hydro’s commitment to become a net-zero company by 2050,” said John Thuestad, Executive Vice President Hydro Bauxite & Alumina. The...
The Indian multinational mining and metal giant Vedanta’s Board has approved the growth expansion project of its subsidiary Bharat Aluminium Company (Balco) at its meeting held on October 28, 2022. A revised cost of $ 72 million (INR 595 crore) has been assessed for expanding Balco's rolled product capacity to 180 KTPA from its existing 50 KTPA. Upon completion of this project, Balco will be placed in the high-premium product segment. Balco is equipped to deliver high quality rolled products in segments with application in automobiles, insulations, bus bars, power projects, electrical, packaging etc. The expansion of Balco's capacity from 580 KTPA to 994 KTPA will be accomplished through an expansion project of 414 KTPA smelter with an improved VAP portfolio at a revised cost of around $...
Recycling is proven to be more of a need than a cause for concern in the socioeconomic climate of today when the world is buzzing with issues like a growing global population, rising carbon emissions, rising energy expenses, and a scarcity of feedstock. The Henan province's secondary aluminium-producing business was severely hit by the Covid pandemic's reappearance throughout China. An SMM study found that the pandemic typically impacted the production and shipping of secondary aluminium facilities in the neighbourhood. To transform its old motorcycles into fashionable jewellery, Bolt worked with famous Estonian designer Tanel Veenre. The award-winning designer has created the "Hardwear collection," which includes approximately 100 individually made bracelets, earrings, and pendants. The...
This week the global primary aluminium industry witnessed a lot of significant events. The ongoing geopolitical conflict between Russia and Ukraine has brought about many changes in the industry. To begin with, on October 24, 2022, Norsk Hydro's CEO and President Hilde Merete Aasheim urged the European Union and the United States to stop importing Russian aluminium onto their respective continents. On October 24, five European business organisations said they had encouraged European policymakers to avoid imposing sanctions, tariffs, or boycotts on Russian aluminium. From the market forefront, Hydro reported an adjusted EBIDTA of NOK9,721 million in 3Q2022, an increase of 34.65% from NOK7,219 million for the same period in the previous year. Due to port congestion and a decrease in...
The Ramverk Pro Luggage collection from Douchebags (Db) satisfies many requirements to make transporting photographic gear simpler, safer, and more fashionable. Db is renowned for its premium minimalist bags. Every model in the new collection has a sturdy aluminium frame that serves as an "unbreakable backbone" and can survive falls of up to 7 metres (23 feet). High-end cameras are well-protected by the shockproof mix of aluminium and recyclable polycarbonate materials. Additionally, the suitcase fits the need of many creative workers for a sleek, practical, and fashionable design. According to the company, the Ramverk Pro Luggage line is built for both the cabin and conveyor belt and has already earned the famous Red Dot design award. There are two alternatives for the cabin, a...
On a journey to reach the Company’s Twentyby30 goals, Crown Holdings, Inc. is celebrating individual units in its network worldwide for showing extraordinary innovation and leadership in sustainability. Every year Chairman's Sustainability Awards is arranged to honor the crucial contributions offered by employees appointed in Crown’s manufacturing facilities or the operational divisions. Mostly the awards are in three categories – Social, Environmental, and Safety. The winners of the 2022 awards judging by the outcomes of 2021 are mentioned below: Crown’s Texas beverage can plant in Conroe was awarded the Social Sustainability title that represents the work done for the upliftment of the workforce or the regional community. The team showcased a rigid commitment to their locality by...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the month’s last Monday, October 24, shrunk by 5,000 tonnes. As of now, the inventories in October dropped by 361,000 tonnes, as recorded in the same period last year. The local inventory was getting dumped in the warehouse because the imports to Wuxi were as usual, but the market transactions were slow. The Gongyi Railway Station in Henan province has started restoration work from the evening of October 26, which assures the traders that more cargoes will enter the station next week, but the local...
As of October 27, the domestic aluminium billet social inventory settled at 55,800 tonnes, down by 16,100 tonnes from the previous week. Since the National Day break ended, the inventory witnessed a downfall and was also at its lowest point in recent years. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan plunged by 13,300 tonnes or 25.97 per cent to settle at 37,900 tonnes from 51,200 tonnes recorded last week. On the same day, inventories in Huzhou and Changzhou dropped by 1000 tonnes and 800 tonnes to peg at 5,000 tonnes and 4,100 tonnes. As per the data, inventories in Wuxi and Nanchang slumped by 600 tonnes and 400 tonnes to record at 5,200 tonnes and 3,600 tonnes. As a result of logistical problems...
Swedish Company ProfilGruppen AB's Nomination Committee has selected Mats Johansson as the Board's new Chairman. The decision was finalised in the Extraordinary General Meeting held on October 31, 2022. ProfilGruppen is a Swedish manufacturer that develops, commercialises and produces aluminium extrusions and components. The company's headquarters is situated in Åseda, Småland, a historical province in Southern Sweden. The company was established in 1981 and now has around 450 employees. ProfilGruppen primarily operates within the Northern European Market and is an expert in supplying turnkey customised aluminium components and extrusions. The organisation dreams of becoming the leading provider of innovative aluminium extrusions and other solutions in Northern Europe. The new Chairman,...
This year’s Environmental Packaging Summit will host the executive director of Alupro, Tom Giddings as a speaker. During the event, from 2-3 November, Giddings would lend his opinion on how to build a successful deposit return scheme (DRS) in the UK. As part of the panel, Giddings will present his ideologies on how, if formulated and administered properly, a DRS in the UK could benefit the recycling rates of aluminium packages. The related event, ‘Recyclable: Recycled – A changing ratio?’ will commence at 1.45 pm in the main hall. The event has been scheduled to take place in the Coventry Building Society Arena, where well-established businesses would be present from around the packaging sector to converse about the difficulties in the supply chain. The Environmental Packaging Summit has...
The Dutch aluminium producer Delfzijl Aluminum commonly known as Aldel, filed for bankruptcy with the court on Thursday, October 27. The news was confirmed by Eric Wildschut, director of finance. High energy costs are the primary reason for the financial issues, resulting from which they had stopped manufacturing since the beginning of September. In 1966, Damco Aluminum Delfzijl (Aldel) was established in Delfzijl and considered one of the biggest employers in Northeast Groningen. The plant melts and casts high-quality aluminium consumed in the automobile sector. The factory requested the judicial deferral of payment on Monday, October 24. Since then, the Dutch aluminium maker has attempted to work with an administrator to establish a payment option, but according to Wildschut, there need...
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne versus INR 215,250- 222,750 per tonne last week. Vedanta’s aluminium billet price has clocked in at INR 226,250 per tonne, up by INR 9,500 per tonne or 4.38 per cent from INR 216,750 per tonne on October 22. Aluminium ingot price has also been raised by INR 9,500 per tonne by Vedanta, with effect from October 27, to sell the item at INR 217,250-247,750 per tonne. Vedanta links its aluminium prices to the three-month futures of aluminium on the London Metal Exchange, which surged by US$110 per tonne...
Hong Kong-based designer Charlotte Wong Ka-man has revolutionised the use of recycled aluminium by incorporating them in making Wind.n.Sand’s flagship sustainable jewellery. The eco-friendly accessories brand upcycles around 500 used aluminium coffee pods each month to produce key chains, hair-tie charms and earrings. Charlotte Wong Ka-man is a 25-year-old student at the Queen Elizabeth Hospital School of General Nursing. It is quite astonishing how this young woman contributes to creating a better ecosystem. Tough, according to her, the number of aluminium coffee pods the company can successfully recycle is “only a drop in the bucket”, and she hopes to change that for good in the upcoming days. Modernisation has blessed us with smart technologies that allow us to have a perfectly brewed...
The new Waveform pedals from Wolf Tooth feature an aluminium dual-concave design, 11 grip pins on each side to keep feet in place, and a broad tapered leading edge to deflect pedal hits. These pedals are appropriately proportioned and available in 2 different sizes to offer a stable platform that resembles the shape of a rider's shoe. Each pedal body made of 6061-T6 aluminium in its CNC mills is manufactured separately. A dual-concave profile is literally at the heart of Waveform aluminium pedals, which are made to cradle and lock in feet while offering a supporting base for power transfer. The pedals have a thickness of 12.5mm in the centre and 14mm around the outside. A subset of the 6061 aluminium alloy, one of the most popular types of aluminium alloy worldwide, is aluminium 6061-T6....
The Cardiff-Welsh-based fabricator, Dudley’s Aluminium, had secured a significant project in Ebbw Vale, allying again with Jones Brothers (Henllan) Ltd. However, previously, the fabricator has worked with the town's leading construction, housing, and civil engineering company to create the TVR Showroom. An industrial unit of 52,582 square feet will be built on the Welsh Government's 30-acre Rhyd Y Blew site. A part of the Tech Valleys initiative, the RYB1 unit, which aims to capitalise on the opportunities arising from the 4.0 revolution, will incorporate manufacturing and production space, a two-storey open plan office, a service yard and a loading area. It will be built to be carbon-neutral when operating. The leading fabricator, Dudley’s Aluminium, will install Metal Technology System...
LME aluminium opened at US$2,333.5 per tonne on Thursday; with its high and low at US$2,341.5 per tonne and US$2,275 per tonne, respectively, before closing at US$2,291 per tonne, a drop of US$39 per tonne or 1.67 per cent. On October 27, Thursday LME aluminium cash bid price augmented by US$31.50 per tonne or 1.39 per cent to halt at US$2,296.50 per tonne, and the LME aluminium official settlement price also escalated by the exact same percentage to rest at US$2,297 per tonne. The 3-month bid price and 3-month offer price increased by US$40 per tonne or 1.77 per cent to close at US$2,300 per tonne and US$2,302 per tonne, respectively. December 23 bid price and December 23 offer price recorded a US$43 per tonne or 1.84 per cent hike, stopping at US$2,375 per tonne and US$2,380 per tonne....
On Friday, October 28, A00 aluminium ingot price in China slumped by RMB 280 per tonne to reside at RMB 18,300 per tonne, with the average prices standing between RMB 18,280 per tonne and RMB 18,320 per tonne. The spot contract price is likely to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00 aluminium ingot price has experienced a decline in all the major provinces. In Hangzhou and Foshan, the prices descended by RMB 290 per tonne and RMB 280 per tonne to peg at RMB 18,310 per tonne and RMB 18,440 per tonne. On the same day, in Wuxi and Chongqing, the prices closed at RMB 18,290 per tonne and RMB 18,450 per tonne after witnessing a price cut of RMB 260 per tonne and RMB 250 per tonne. As per the SMM data, prices in Gongyi and Linyi plunged by RMB 230 per tonne to...
