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.
“AlCircleBiz”: World’s first online marketplace for aluminium value chain set to launch on November 14
The wait is going to be over on November 14. AlCircleBiz is all set to launch the first global online B2B marketplace platform for the entire aluminium value chain. AlCircleBiz will connect millions of buyers and sellers across the aluminium eco-system. It’s the online e-commerce platform of the...
TMC adds on to Power-Pad range, made from high-grade Aluminium
The outrigger mat and lifting gear division of UK’s Crowland Cranes, TMC Lifting Supplies rolls-out the Mod Lite aluminium outrigger support mats. The drive comes following the launch of TMC’s Power-Pad HD Lite mats in July. TMC Lifting Supplies is known for supplying all types of outrigger pads....
Guinea Govt. delivers “Green Signal” to Lindian Resources for the acquisition of Lelouma Bauxite project
Lindian Resources, the Australian Securities Exchange-listed West African Bauxite mining company has received “green signal” from the Ministry of Mines, Govt. of Guinea towards the conclusion of the acquisition of the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based mining...
The “Corona” crisis: Aldel Aluminium smelter in Delfzijl to axe 60-70 jobs
The Dutch Aluminum smelter Aldel in Delfzijl is cutting sixty to seventy jobs due to the outcome of the corona crisis. An Adel spokesperson confirms the news, as the COVID-19 pandemic has reduced the demand of the aluminium produced by the firm. The aluminium smelter is also facing a high...
Mexico’s import of Aluminium wires during 2018-20 unfolds gradual downfall
The economy of Mexico in 2020 is seen dwindling heavily as the pandemic takes its toll. Heavy losses in employment and incomes, coupled with elevated uncertainty have thumped the domestic demand. The economy should recover next year, however, as activity gradually revives. FocusEconomics panellists...
Bosnian firm Maksimovic Komerc to infuse €1.3 million in production of Aluminium and PVC carpentry profiles in Stanari
Bosnian firm Maksimovic Komerc plans to infuse €1.3 million in the production of Aluminium and PVC carpentry profiles in leased premises in Stanari, the Stanari municipal government said. The mayor of Stanari, Dušan Panić, signed a contract with the investor "Maksimović komerc" from Doboj on a...
Romanian Aluminium producer Alro Group stretches 2015 credit line by total $150 million
Romania’s Alro Group, one of the largest vertically integrated aluminium producers in Europe by production capacity has disclosed on 10 th November’20, that it is borrowing a total $150 million in extension to a $235.1 million credit facility, which was first accessed in 2015. Alro said in a...
Hindalco Q2 results reflect Net profit slump by 60% YoY to INR 387 crore
On 10 th November’20, the world's largest aluminium rolling company and among the biggest producers of primary aluminium in Asia, Hindalco, posted a 60% year-on-year slump in consolidated net profit at INR 387 crore for the quarter ended September 30 after considering net loss from running and...
Volkswagen Ponzam Aluminium foundry secures electric motor housings orders for wide range of models
The Volkswagen Poznań foundry is one of the largest aluminium foundries in Europe and also the third-largest in the VW concern. It is from the capital of Wielkopolska that almost all companies belonging to the German giant leave for factories around the world. This is where the transmission...
Croatia’s import of Aluminium Plates, Sheets and Strips during 2018-20 indicates a strong market
Croatia's economic freedom score is 62.2, making it's economy the 84th freest in the 2020 Index and the major industries comprise shipbuilding, construction, petrochemicals, and food processing. However, the country’s economy is expected to shrink 8.5% this year as a result of the COVID-19...
Govt. of Canada and Quebec grants financial support for a start-up Aluminium food container production unit in Saguenay
Stobia, a new company located in Jonquière, is set in motion for the production of aluminium food containers. The company secured financial support totalling $ 632,795 from Quebec and Ottawa to support its start-up. The company counts among its shareholders William and Jean-Samuel Allard, two sons...
British firm Ellis Patents obtains new power supply projects in Peru
Ellis Patents, the world leader in cable cleat manufacturing has seen its products used to secure power supplies in the Peruvian capital of Lima by two of the Latin American country’s biggest energy suppliers. Ellis Patents delivered 2A Aluminium cable clamps to secure high voltage power cables in...
Gränges assigns new management for Europe operations
Granges Aluminium assigned new management for its operations in Europe, following the completion of the acquisition of Aluminium Konin. Gränges’ operations in Europe incorporate of the acquired business Aluminium Konin in Poland, the operations in Finspång in Sweden, and the business unit Gränges...
Kenya’s import of Aluminium foil during 2018-20 displays nosedive; expenditures remain high
Kenya is one of the fastest-growing economies in Africa, yet, nearly half of its residents live below the poverty line. Agriculture is the main engine of economic growth in Kenya. About 75% of Kenyans earn all or part of their income from the sector. Agriculture accounts for 33% of the nation's...
Lindian Resources’ CEO Danny Keating quits within three months of joining
Danny Keating, the Chief Executive Officer of Lindian Resources quits just within three months of his appointment as the leader of the company. On 9 th November’20, the company announced it had mutually terminated CEO Danny Keating's contract with immediate effect. Lindian Resources said: "The hard...
Jamaica’s export of Alumina during 2018-19 unveils growth; 11.64% dip projected for 2020
The Jamaican economy is hugely dependent on services, which accounts for more than 70% of GDP. The country derives most of its foreign exchange from tourism, remittances, and bauxite/alumina. The FocusEconomics panellists see the economy contracting 6.4% in 2020, before growing 3.3% in 2021, which...
Gränges concludes the acquisition of Aluminium Konin; Funds raised by Boryszew to pay off liabilities and development investments
On 6 th November’20, Gränges has completed the previously announced acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition of Aluminium Konin, communicated on 28 th November’19, will strengthen Gränges’ product offering and presence in Europe and contribute with...
Austal Vietnam delivers its first all-aluminium high-speed catamaran to Trinidad and Tobago’s NIDCO
On 6 th November’20, Shipbuilding group Austal announced that its Vietnam yard which began its operation in 2018 has delivered its first and foremost vessel fully constructed at the Vung Tau shipyard. APT James, the 94m all-aluminium high-speed catamaran was delivered to National Infrastructure...
