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...
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...
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)...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
