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.
ERG: Kazakhstan Aluminium Smelter raises production mounting on domestic market and European export demand
Kazakhstan Aluminium Smelter JSC (KAS), part of Eurasian Resources Group, has significantly raised its aluminium production in 2020, mounting its sales in the domestic market and export markets, majorly in Europe. The smelter is designed to produce 250ktpa; however, it has managed to exceed that target by 15ktpa this year. Patronising the signing of 11 contracts with businesses in Kazakhstan throughout 2020, KAS augmented its domestic sales by 20% this year. The European sales also scaled up and it accounted for 77% of exports in 2020, as aluminium supply to Europe rose by 10kt. Serik Donbekbaev, President of the Kazakhstan Aluminium Smelter (KAS), commented: "Demand for aluminium has increased domestically and internationally in recent months in line with the easing of restrictions and...
Zimbabwe’s import of Aluminium Bar Rods and Profiles during 2018-19 unveils nose-dip; 2020 shows a sharp upturn
According to a new UNDP impact assessment, the COVID-19 outbreak and global knock-on effects could sink or stall Zimbabwe’s ambitious reform agenda as well as efforts to revive its flagging economy, with “disastrous” consequences for the landlocked Southern African country’s poor and vulnerable people. However, Mthuli Ncube, the incumbent Finance Minister stated a few months back that the economy would not be as severely impacted by the COVID-19 pandemic as initially feared and foreign currency inflows had shown resilience. The country was already grappling with runaway inflation, shortages of drugs in hospitals and strikes by public workers before the novel coronavirus arrived in March. The nation famous for Victoria Falls has been recorded with the import of aluminium bar rods and...
Coal India board delivers “Green Signal” for venturing into Aluminium value chain
On 24 th December’20, Coal India Ltd., the Indian public sector coal mining and refining company and also the world’s largest coal-producing company’s board have delivered in-principle approval for venturing into the aluminium value chain, solar sectors and creation of special purpose vehicles (SPVs). Coal India (CIL), contributes around 82% to the total coal production of India, however on contrary CIL ranks 8th among the top 20 firms responsible for a third of all global carbon emissions. The Public Sector Undertaking, during filing to an Indian Stock Exchange (BSE), said: "CIL Board in its Meeting held on date, accorded its 'In-Principle' approval to venture into aluminium value chain (mining-refining-smelting) and solar power value chain (ingot-wafer-cell-module and generation)," the...
Kayan Hydropower Nusantara, INALUM signs MoU for feasibility study to provide electricity for an integrated Aluminium smelter
PT Kayan Hydropower Nusantara (KHN), which will work on the construction of the Mentarang Induk Hydro Power Plant (PLTA) on the Mentarang River, Malinau, North Kalimantan towards the end of 2020, has signed MoU with PT Indonesia Asahan Aluminum (Inalum). Now, both the parties agreed on a joint study on the plan to provide electricity for an integrated aluminium smelter that is supported by the Mentarang Induk Hydroelectric Power Plant (PLTA) Project. The signing was done virtually by the Antony Lesmana, President Director of PT KHN and Oggy Achmad Kosasih, the Managing Director of PT Inalum. The signing of the memorandum of understanding was also witnessed Oktavianus Tarigan, Senior VP Business Development, PT Inalum, the elected Governor of Kaltara, Drs H. Zainal Arifin Paliwang, SH,...
Mulk Holdings introduces 'first fire-retardant ACP panels' exclusively for Alubond
Metal Plast Industries, based in UAE, a 100% subsidiary of the diversified multinational business conglomerate Mulk Holdings International, announced that it has developed A1 grade fire-rated core and a proprietary bonding system for aluminium composite panels (ACP) exclusively for Alubond, in an attempt to reduce the spread of fire in high-rise buildings. The world’s largest ACP and MCM brand, Alubond with over 25 million sq m of manufacturing and processing capacity with facilities in Europe, UAE, Turkey, Oman and India. “The newest addition is the A1 core, which is a further proof of excellence and innovation”, said Mulk Holdings in a statement. “A technology breakthrough, the development of the core is considered a game-changer in the fire rating standards of exterior facades and...
Tanzania’s import of Aluminium cans during 2018-20 illustrates a sharp decline
TEU, the 14 th Tanzania Economic Update organised by World Bank forecasts that economic growth to drop sharply in 2020, to 2.5% from the 6.9% growth the government reported in 2019 while recognizing significant uncertainty as the Covid-19 pandemic continues to unfold. The East African nation’s import of aluminium cans during 2018-19 has been recorded with 1082 tonnes and the foreign revenue expended for the import remained at $28.41 million. The import for 2020 will be standing at 248 tonnes and the expenditure to remain at $1.72 only. However, when the import volume and expenditure of 2020 gets added with the existing two years, it illustrates 1330 tonnes and $ 30.13 million respectively. Tanzania’s import of aluminium cans in 2018 stood at 628 tonnes and the expenditure accounted...
Bharat Forge among several other aluminium forging companies penalized by German regulator “Bundeskartellamt”
The three Bharat Forge companies stand among several aluminium forging companies in Germany that will have to pay an accumulated value of € 175 million for "engaging in illegal competitive agreements.” In connection with two separate proceedings, Bundeskartellamt (Federal Cartel Office), Germany's national competition regulator declared the penalty on Bharat Forge Aluminiumtechnik GmbH, Bharat Forge CDP GmbH, and Bharat Forge Global Holding GmbH. Bharat Forge commented on the issue by saying: “The investigation in the above two matters pertained to the period between 2004 and 2018 and were initiated by FCO against several companies in Germany. Our German subsidiaries were among many such companies.” Andreas Mundt, President of the Bundeskartellamt, said: “For many years the companies had...
Canyon Resources partners with China Minmetals Corporation subsidiary MCC-CIE for BFS at Minim Martap Bauxite project
Canyon Resources Limited announced the execution of a bankable feasibility study (BFS) contract with leading Chinese engineering, procurement and construction (EPC) firm Changtian International Engineering Corporation of MCC (MCC-CIE), for the development of Stage 1 of Canyon’s Minim Martap bauxite project. MCC-CIE is part of China Metallurgical Group Corporation (MCC), which is a wholly-owned subsidiary of China Minmetals Corporation (Minmetals). MCC-CIE, one of China’s leading EPC companies and is a one-stop-shop for the project development life cycle, incorporating feasibility studies, engineering design, metallurgical infrastructure development, heavy industry projects and equipment manufacturing. MCC-CIE works extensively with leading banks in China and as part of the BFS scope will...
Seychelles’ import of Aluminium structures during 2018-20 denotes growth; expenditure tends downswing
The economic condition of Seychelles has been pointed as alarming, as said by the Finance Minister in November’20, while detailing that the economic growth of the tourism-dependent nation may shrink by 13.5%, instead of the 10.8% previously foreseen due to the hardships brought by COVID-19. The Island nation on the Indian Ocean, off East Africa, has been recorded with 402 tonnes of aluminium structures import in 2018-19 and the expenditure occurred for the import stood at $10.36 million. The import for 2020 remains at 342 tonnes and the expenditure stands to stand at $3.27 million. However, when the import volume and expenditure for 2020 gets summed with the preceding two years, it denotes 744 tonnes and $13.63 million respectively. Seychelles’ import of aluminium structures in 2018 stood...
Constellium SE: Jean-Christophe Deslarzes appointed as advisor to the Board of Directors
On 22 nd December, Constellium SE, the global leader in the development and manufacturing of innovative, high value-added aluminium products for a broad scope of markets and applications, including aerospace, automotive and packaging declared that Jean-Christophe Deslarzes will be appointed as a Special Advisor to the Board of Directors in January 2021. The Board expects to put forward the nomination of Mr Deslarzes as a Non-Executive Director at the Company’s Annual General Meeting to be held in 2021. Jean-Christophe has been a member of the Board of Directors of The Adecco Group since April 2015 and Chairman of the Board since April 2020. Mr Deslarzes has also been Chairman of the Board of Directors of ABB India Limited since February 2018. Mr Deslarzes began his career in 1991 as a tax...
Indal Aluminum Industry in Indonesia receives Rp 200 billion loan facility from MNC Bank
PT Indal Aluminum Industry Tbk (INAI), the manufacturer of extruded aluminium in Indonesia has signed a loan facility worth Rp 200 billion from PT Bank MNC International Tbk (BABP) on December 18. On December 22, based on the disclosure of information, the extruded aluminium company’s management assessed that the loan facility will help smooth operations and increase the company's sales turnover. However, this loan facility will also have an impact on the company's financial condition, namely, the amount of debt will increase, thereby increasing interest costs. On the other hand, the margin from the company's business activity growth can meet these obligations. The company management added: “Rp 200 billion loan facility did not have any impact on the business continuity of Indal Aluminum...
EGA signs agreements with INALUM for delivery of technical know-how to upgrade North Sumatran Aluminium smelter
Emirates Global Aluminium has signed a series of agreements with PT Indonesia Asahan Aluminium (INALUM) for delivery of technological know-how to upgrade the Indonesian company’s aluminium smelter in North Sumatra. The signing was part of Indonesia UAE Week, which was organised by the two countries’ Embassies to further deepen economic ties between the UAE and Indonesia. EGA will deliver expertise to upgrade the performance of the INALUM smelter by retrofitting improvements to its existing technology, which was first installed in 1982. The expected time to conclude the project will take some 18 months and it aims to increase production at the North Sumatran smelter by 20,000 tonnes of aluminium per year. EGA has extensive experience in upgrading aluminium smelting technology. The company...
Sweden’s import of Aluminium stranded wire during 2018-20 unfolds an enterprising market
The economy of Sweden is a developed export-oriented economy, but the Covid-19 pandemic has struck the economy hard. The government has admitted that the latest Covid-19 flare-up will drive the economy towards a weaker zone over the coming months than previously thought. Although, Sweden has so far faced a milder recession than many other European nations, after leaving much of its economy open throughout the pandemic. The Scandinavian nation’s import of aluminium stranded wire during 2018-19 was recorded at 11,475 tonnes and the revenue expended for the import stood at $24.53 million. The import for 2020 will remain at 7827 tonnes and the expenditure to stand at $14.56 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it signifies...
Ryobi Aluminium Casting secures “£ multi-million” contract for producing clutch and transmission for new hybrid vehicles
The Northern Ireland based Ryobi Aluminium Casting (UK) Ltd has secured the momentous contract with an emerging transmission supplier specialising in electrified drivetrains for the automotive market. The Carrickfergus manufacturer obtained the deal to produce 150,000 clutch and transmission cases per annum, worth almost £15 million annually for new hybrid vehicles initiating 2023. David Watson, Managing Director, said: “This is an exciting project which was won against stiff competition from across mainland Europe. Ryobi’s growing reputation in the development of new technically challenging products is what sealed this deal after a lengthy bidding process. This is testament to the knowledge, creativity and skill of our engineers and the confidence our customers have in us to deliver good...
Alba’s Line 6 expansion project bags GCC Industrial Project of the Year 2020 Award from MEED
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter (ex-China) with a production of more than 1.35 million tonnes per annum has bagged the much-coveted GCC Industrial Project of the Year in the 2020 edition of the MEED Projects Awards for its Line 6 expansion project. The MEED Projects Awards recognise the best projects in the GCC across various sectors and promotes best practices in project delivery and operations, as well as innovation and sustainability. The Line 6 Expansion Project of Alba has also been elected as National Winner for both Industrial Project of the Year and Mega Project of the Year Awards. Following a rigorous judging process based on a range of criteria including innovation, sustainability, design, and engineering among others, Alba’s Line 6...
Aluminium dross recycling company “RUNAYA” conferred with Global WasteMet award by Energy and Environment Foundation
One of India’s fastest-growing manufacturing start-ups, Runaya, made public on 21 st December that it has been conferred with the Global WasteMet Award by the Energy and Environment Foundation. The company own the award under the prestigious ‘Platinum’ category for its success in setting up an integrated environmental project to process aluminium dross and convert it to value-added products. Runaya uses ZERO WASTE dross processing technology patented by Bahraini company, TAHA International Corporation. Runaya won the award as a tribute to its contribution in bringing about a quantum leap in processing aluminium dross with a positive impact on the environment and helping to improve resource management. The Runaya aluminium dross recycling project has reached its final stage of operation in...
Anrak Alumina set to commission refinery at Rachapalli, Bauxite to be sourced from outside
The government of the Indian State Andhra Pradesh is wholly prepared to permit Anrak Aluminium Limited to commission its alumina refinery at Rachapalli, Makavarapalem in Visakhapatnam. V Vijaysai Reddy, MP, North Andhra Pradesh affairs, said: “The government has been planning to allow Anrak Aluminium Ltd to commission their refinery since it has invested around INR 6,000 crore and promised jobs to the local youth.” "But we will not allow mining of Bauxite in Visakhapatnam. The company has to import from outside or source it from Odisha.” He has assured the natives that mining of Bauxite has been stopped for good. K Bhagyalakshmi, MLA said: “The natives will not have any objection if the plant operates in the non-tribal area far from the agency tracts. As long as they do not mine in the...
Serbia’s import of Aluminium Foil reflects downturn during 2018-19, marginal rise in 2020
The economy of Serbia stands as a mixed economic system in which the presence of the state in the economy is considerable, but the freedom for the private sector is limited. The World Bank labels Serbia as a middle-income country and its economy is transitioning from being dominated by the state sector to a market-driven model. The strongest sectors of Serbia's economy are energy, automotive industry, machinery, mining, and agriculture. “Serbia will be the only economy in Central and Eastern Europe (CEE) that will fully recover from the coronavirus crisis next year”, as per Erste research report. The landlocked European nation’s import of aluminium foil during 2018-19 was recorded at 25,557 and the revenue expended for the import stood at $121.46 million. The import for 2020 is marked...
