AlCircle News Edited By "Rupankar Majumder"
A professional with a technical background, specialising in producing insightful content centred around metals, particularly aluminium, passionately engaged in the intricacies of the recycling sector.
Q1 FY 2022: Novelis posts net income from continuing operations of $303 million, up 597% YoY
On 4 th August 2021, the subsidiary of Aditya Birla Group’s Hindalco Industries’, Novelis Inc., the world leader in aluminium rolling and recycling, reported net income attributable to its common shareholder of $240 million in the Q1 FY2022 compared to a net loss of $79 million in the prior-year period. However, net income from continuing operations increased to $303 million compared to a net loss of $61 million in the existing year, which had been negatively impacted by the COVID-19 pandemic and acquisition-related special items. Excluding special items in both years, Q1 FY 2022 net income from continuing operations of $260 million is up significantly compared to $22 million in the previous year, driven mainly by higher after-tax Adjusted EBITDA. Novelis posted a rise in net sales by 59%...
AlCircleBiz: World’s 1st online marketplace for the global Aluminium Industry got featured across crowned media networks
On 3 rd August 2021, AlCircleBiz, the world’s premier online marketplace for the global Aluminium Industry was exhibited across all the top media networks in India. The success story of the online marketplace, AlCircleBiz has been covered by the following renowned media houses: The portal dedicated to the global aluminium industry is a first-of-its-kind in this sector, which is one of the fastest-growing due to its various applications across construction, automotive, aerospace, communication, and other key industries. AlCircleBiz is observing rapid growth from both supply and demand perspectives, since its launch on 14 th November’20. The aluminium industry rooted online platform has already onboarded 250+ global sellers across all 6 continents and has 900+ live product listings on the...
Romania’s import of aluminium bar rods and profiles during 2018-20 reflects steady growth; 6.50% growth is estimated for 2021
In June 2021, the World Bank stated that the GDP of Romania is expected to grow by 6% this year, improving its January forecast by 2.5% points. By 2022, the World Bank expects the Romanian economy to expand by 4.5%, higher than the previously projected 4.1% rise in the gross domestic product (GDP) for next year, it said in its June 2021 Global Economic Prospects report. However, Romania's government is targeting 5% economic growth in 2021. The south-eastern European nation, Romania imported 103,391 tonnes of aluminium bar rods and profiles during 2018-20 and the expenditure occurred for the import was $360.80 million. In 2018, Romania’s import of aluminium bar rods and profiles was recorded at 22,652 tonnes and the expenditure accounted for $91.54 million, whereas, in 2019, the import...
Fortescue monitors New Zealand hydrogen venture, hope raises for Tiwai aluminium smelter operations beyond 2024
The fourth-largest iron ore producer globally with its headquarter in Australia, Fortescue Metals has inked a partnership agreement with a tribal group in New Zealand to evaluate the possibilities of developing a hydrogen project fuelled by renewable energy with the first production as early as 2025. The energy arm of the iron ore exporter, Fortescue Future Industries (FFI) signed the deal with the Murihiku hapu of Ngai Tahu, with the project in the South Island's Southland province subject to a primary assessment process and an investment decision by Fortescue and the New Zealand authorities. The Southernmost region of New Zealand, Southland has surfaced as a potential hydrogen production hub in the country with domestic utilities Meridian Energy and Contact Energy mutually studying the...
Ukraine’s import of aluminium tubes and pipes during 2018-20 illustrates stable growth; 4% rise predicted for 2021
The latest Regional Economic Prospects report published by the European Bank for Reconstruction and Development (EBRD) on 29 th June 2021 stated that Ukraine’s economy is set to return to growth in 2021. The Bank forecasts the country’s gross domestic product (GDP) to increase 3.5% on the year in both 2021 and 2022. The major risks to its forecasts are the country’s slow movement on reform and vaccination. A decline in foreign demand, combined with the impact of repeated lockdowns on domestic demand, caused GDP to decline by 4% in 2020. The eastern European nation, Ukraine imported 2347 tonnes of aluminium tubes and pipes during 2018-20 and the expenditure occurred for the import was $10.14 million. Ukraine’s import of aluminium tubes and pipes in 2018 was recorded at 458 tonnes and the...
MMP Industries bags large scale order from Hetero Healthcare to supply aluminium foil products
MMP Industries, the manufacturers of aluminium powders, pastes, aluminium conductors and aluminium foils has received a large scale order from the Hyderabad based pharmaceutical company Hetero Healthcare Limited to supply aluminium foil products. The Nagpur, Maharashtra headquartered company continuously prospers to deliver a quality product, fortifying to build customer satisfaction and association for a longer period. However, MMP Industries has notified the bourse regarding work received by the company. MMP revealed that it has received an order worth 15MT from Hetero Healthcare Limited towards the supply of aluminium foil products. Hetero caters to a different product of various therapeutic groups and aims to improve the people's quality of life with the product line and a continuous...
Actiph brings out vitamin sparkling water drinks brand Acti-Vit in aluminium cans
UK's first alkaline ionised water business Actiph rolls out vitamin sparkling water brand Acti-Vit in aluminium cans. Actiph said: “The new flavoured sparkling water drinks had one of the highest vitamin concentrations on the market. They contain 100% of the RDA of vitamins B5, B6, B9, B12, C, D and zinc and 15% of the RDA of magnesium." The drinks are packaged in aluminium cans and have been launched in three flavours: Tropical Boost, Blackcurrant, Apple & Raspberry and Lemon, Lime & Orange. “Its multipack format launched at Ocado last month and the brand was in advanced discussions with several other major retailers”, it said. “The drinks would appeal to health-conscious consumers who were moving away from sweetened drinks and juices.” Jamie Douglas-Hamilton, Founder and Director of...
Canyon Resources raises $6.2 million for progress in Minim-Martap Project
The mining and development of the 100% owned Minim-Martap Bauxite Project, Canyon Resources Limited announced that it has received firm commitments from existing and new institutional and sophisticated investors to raise $6.0m (before costs), via the issue of 77,257,157 new fully paid ordinary shares in Canyon (“New Shares”) at $0.08per New Share (“Placement”). Phillip Gallagher, Managing Director of Canyon Resources commented: “Canyon acknowledges the continued strong support from our existing shareholders, including Major Shareholder, Mr Peter Su. Additionally, we welcome a number of new sophisticated and institutional investors to the Canyon register.” “The Placement will allow Canyon to complete the Feasibility Study and progress the delivery of important agreements required for the...
EGA inks agreement with Gulf Extrusions for re-use of industrial by-product
On 1 st July 2021, Emirates Global Aluminium (EGA) inks agreement with Gulf Extrusions, a subsidiary of the Al Ghurair Group for the innovative re-use of an industrial by-product during the primary metal production process, replacing the use of fresh raw material, enhancing efficiency, and benefiting the environment. The agreement is considered as another step by EGA to re-use waste streams as feedstocks by cooperating with other industries. According to the agreement, Gulf Extrusions will supply EGA with some 450 tonnes of spent caustic soda from its Abu Dhabi and Dubai extrusion facilities every month for use in alumina refining. In the aluminium extrusion production process, caustic soda is utilized to dissolve residue aluminium in the extrusion dies and to etch extruded aluminium...
The Spanish export of aluminium containers during 2018-20 displays significant rise; 114% growth estimated for 2021
According to BBVA Research, the Spanish Economic Outlook for Q3 2021 stated that the country’s GDP growth is estimated with a revised up-rise up to 6.5% for 2021. Moving ahead, the stronger progress of global activity, accumulated excess savings, the end of health restrictions and accommodative monetary and fiscal policies will boost GDP up to 7.0% in 2022. The South-western European nation, Spain exported 934 tonnes of aluminium containers during 2018-20 and the earnings accounted for the export was $6.08 million. In 2018, the export of aluminium containers was recorded at 168 tonnes and the earnings counted was $1.28 million, whereas, in 2019, the export saw growth by 77.28%, as the export volume rose to $1.44 million. Spain’s export of aluminium containers in 2020 was registered at 468...
Top Newsmakers for July 2021: EGA flags century shipload of bauxite exported from Guinea; Vedanta to expand Balco's smelter capacity with INR 6,611 crore investments
The global aluminium industry remained enterprising in July 2021. The June quarter financial results revealed that most of the companies in the sector recorded revenue growth due to the global rise in aluminium prices. The positive trend of the market has delivered the industry some extra strength to regain its power following the multi-wave stress of Covid-19. Emirates Global Aluminium (EGA) earmarked the century shipload of bauxite export from the world’s second-largest producing nation, Guinea, since the company’s initiation in August 2019 from its wholly-owned bauxite-mining subsidiary Guinea Alumina Corporation. July 2021 also witnessed Anil Agarwal led Vedanta’s announcement towards the expansion of BALCO aluminium smelter production capacity by 414 kilo-tonnes per annum (KTPA),...
Hindalco projects to invest INR 8,000-10,000 crore in aluminium downstream business
Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at Hirakud, Silvassa, and Mundra facilities in India. Hindalco stated in its annual report 2020-21: “The group proposes to invest towards the expansion of flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a Greenfield site at Mundra in Gujarat with a recycling facility.” “The company is planning to expand its aluminium downstream business with a focus on value-added products (VAP) over the next three-seven years and the products would cater to customised requirements for varied and complex applications of aluminium.” Hindalco’s Hirakud flat-rolled products facility is estimated to have a capacity of 3,40,000...
Titagarh Wagons’ plant in Italy flags first aluminium train coaches for Pune Metro
On 31st July 2021, India’s leading designer and manufacturer of modern rolling stock Titagarh Wagons Ltd stated that its plant in Italy has flagged the first train for Pune Metro coach, made of aluminium out of the 34 trains. In August 2019, Titagarh Firema SpA, a wholly-owned subsidiary of city-based Titagarh Wagons bagged an INR 1100 crore international bid to supply Pune Metro as many as 102 ultra-modern aluminium-bodied coaches, however, each train will comprise of three coaches. The company said that the first prototype of it was launched at a virtual ceremony in presence of the Ambassador of India to Italy, Neena Malhotra, Ambassador of Italy to India, Vincenzo de Luca, Maharashtra Metro Cooperation Managing Director Brijesh Dixit and others. It was outlaid that three of the 34...
Aluminium End-user Weekly Recap: Novelis invests $7 million for expansion, restarts idle equipment at its facility in Terre Haute; Ball Corporation to invest $383.8 million to manufacture aluminium cans for Red Bull and Rauch
The aluminium end-user segment remained in the spotlight due to the investment announcements of the two big shots. Novelis is investing more than $7 million to recruit 37 new employees and resumes several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The world’s leading beverage packaging company, Ball Corporation will contribute $383.8 million to over $1 billion projects with Red Bull and Rauch’s beverage manufacturing hub in Concord, Cabarrus County, USA. According to a recent report, Showa Denko K.K., a Japanese chemical company, has decided to double Oyama Plant’s capacity to produce aluminium heat radiators for power modules used in electrified vehicles, including battery electric vehicles, hybrid vehicles, and plug-in hybrid vehicles. To know more:...
Primary Aluminium Weekly Recap: Vedanta reports excellent performance in June quarter with a four-fold rise in net profit, aluminium remains the major contributor; Rusal’s 2Q2021 Result: Aluminium production grows marginally to 936,000 tonnes, sales climb 8% to 1.038MT
The primary aluminium segment remained quite highlighted during the week. The June quarter and H1 2021 results are gradually getting released. In most cases, the results showcase a heavy rise in revenue due to the global surge in aluminium price and the Covid-19 pandemic is the root cause. Anil Agarwal led Indian mining & metal giant, Vedanta reported consolidated net profit attributable to owners of the company at INR 4,224 crore in the June quarter, a growth of 309% from the same period of the previous year on the back of increased revenue. Vedanta’s aluminium business contributed the largest at INR 10,263 crore to the total revenue. Whereas on the other side Rusal, the world's leading aluminium producer, has announced the operating results for the second quarter of 2021, mentioning...
The top aluminium extrusion companies of Gulf region in 2020
The Gulf region is gradually trending towards aluminium production and the metal aluminium is driving to become the largest manufacturing sector outside Gulf’s traditional oil and gas business. The GCC countries are home to 6 aluminium smelters, which are counted as the biggest, most modern, and environmentally friendly Aluminum production facilities. Now, we put a detailed study of aluminium extrusion companies in the Gulf region: Gulf Extrusion Company LLC – Dubai, UAE Gulf Extrusions Company is a leading aluminium extrusion company and a member of the Al Ghurair Group of companies. The company is strategically located in Dubai alongside its main supplier, Dubai Aluminium, and the foremost gateway to the world. Gulf Extrusions’ six presses and highly skilled workforce can produce 65,000...
Morocco’s export of aluminium scrap during 2018-20 demonstrates steady growth; 5% downfall estimated for 2021
According to the projections by World Bank, Morocco’s gross domestic product (GDP) is expected to reach a growth of 4.6% in 2021. The institution made the assessment in its “World Economic Outlook” for the MENA region, saying that Morocco’s GDP growth will be due to “several factors, including reduced drought-related problems, continued accommodative policies, and the easing of restrictions on internal travel.” The automotive industry makes around one-fourth of the nation’s export, which creates a good amount of aluminium scrap. The scrap is also collected from the construction sector and from few other sources. The North African nation exported 45,205 tonnes of aluminium scrap during 2018-20 and the revenue generated from the export was $55.76 million. Morocco’s export of aluminium scrap...
Cans filled not with beer or beverage! Snack Pow offers snacks in environmentally friendly aluminium containers
Aluminium cans are generally used for the packing of beer or beverages, but this time it is utilized for peanut mixes. Snack Pow, a new company in the city of Sherbrooke, Quebec offers snacks in more environmentally friendly aluminium containers. The snacks company of Canada focuses on package aluminium cans to stand out from the competition and promote the circular economy. Snack Pow has also reached out to several craftsmen from the region to develop the can. The company is also working upstream with Les Aliments Jardi, known for its bulk foods. The company stated: “We can find cans in vending machines at the University of Sherbrooke for a while. We carried out qualitative studies there to hit the nail on the head for colours and patterns.” “The idea was also to create practical cans....
