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.
“COVID-19” impact: Mexico's Alfa to spin-off rest of its stake in Aluminium auto parts producer Nemak
The Mexican Multinational conglomerate Alfa announced on 31 st July’20 that it projects to spin off the gross of its remaining 75% stake in aluminium automotive parts supplier Nemak. As per the company: “If shareholders approve the proposal at an Aug. 17 meeting, they would receive one share of Controladora Nemak for each of their Alfa shares. They would also retain share ownership in Alfa's equity.” Alfa President Alvaro Fernandez Garza said: "We plan a gradual and orderly transition process to make Nemak an independent business.” Alfa said: “Controladora Nemak would be listed on the Mexican stock exchange following the spinoff. Nemak, which began to trade publicly in 2015, would continue to be listed as a separate entity. Nemak shareholders in the future would be able to decide whether...
Bauxite exportation of Bosnia-Herzegovina reflects growth during 2017-20, market remains underrated
The country's top seven industries in order are steel, coal, iron ore, lead, zinc, manganese and aluminium. Mining output, which accounted for more than 10% of industrial production, rose by 10.4% in 2000. Bosnia and Herzegovina was a major centre for metallurgical industries in the former Yugoslavia and a major producer of bauxite, alumina, and aluminium. Bosnia-Herzegovina has a transitional economy with limited market reforms. The economy relies heavily on the export of metals, energy, textiles, and furniture as well as on remittances and foreign aid. The Southern European nation’s bauxite export during 2017-19 reflects growth, as the export volume stands at 68,539 tonnes and revenue earning remained at $2.25 million. The forecasted export for 2020 has been earmarked at 33,159 tonnes...
Metal Exchange Corporation appoints “Chuck Stout” as New President of Pennex Extruded Products Division
Pennex Aluminium Company has made public the appointment of Chuck Stout as New President of Pennex Extruded Products Division. Chuck has been promoted to President from General Manager in the organisation. In his new role, Stout will be responsible for the overall strategic, financial, commercial, and operational functions for the extruded products businesses in Wellsville and York, Pennsylvania and Leetonia, Ohio. Chuck Stout, a veteran of the US Navy, joined Pennex in 2016 as General Manager of the Leetonia, Ohio location. He has an impressive background in the manufacturing industry including roles as Plant Manager and Vice President of operations. His office will remain in Leetonia. According to Stout, “It is an honour to take the reins of a very successful extrusion business and lead...
Australian researchers evaluate the commercial sustainability of Solar Alumina Calcining
Australia’s industrial carbon emissions released by the alumina refineries counted to be around 27%, where fossils fuels are burned to heat the procedure. However, concentrated solar thermal (CST) could deliver up to half of the heat required. Australian researchers have for the first time demonstrated a novel solar reactor for calcined alumina, a process which typically occurs at approximately 950°C. The researchers have shown at lab scale that good conversion – up to 96% – can be achieved in this high-temperature solar calciner for 3 seconds – without preheating. This shows that with preheating, a good conversion may be technically feasible at large scale. Besides, the use of solar in itself has the potential to improve the quality of the alumina by avoiding contamination from...
Surrokko Aluminium pens observe successful crowdfunding campaign in New Zealand
The dual enterprising New Zealanders have successfully launched a Kick-starter campaign to fund the widespread release of their functional, stylish, and precision-engineered pens. The campaign was floated on 22 nd July’20 and within the next 24 hours, they were fully funded. However, the campaign will run until 21 st August’20 and they are offering Kick-starter exclusive discounts on their pens. The Flagship Surrokko Aluminium Fountain and Rollerball Pen were created by Damon Kostidis and Paul Guinibert, who share a passion for design and wanted to improve upon the common office pen. The duo also wanted to diminish the use of cheap, disposable plastic pens that often end up in a landfill. Damon had learned about the importance of always having a pen from his days in the military, which...
Tiwai Point Aluminium smelter close down: Won’t create dent on prospects of Ullrich Aluminium and Stabicraft in NZ
The closedown of Rio Tinto’s Tiwai Point Aluminium smelter in New Zealand won’t create any deep impact on the prospects of local manufacturers that count on aluminium to manufacture products. This has been reported by the two popular firms in the industry Ullrich Aluminium and Stabicraft Aluminium boats. The makers of a vast range of aluminium products for marine, industrial, commercial, domestic and designer applications, Ullrich Aluminium employs around 300 staff in New Zealand and the approximately same number in Australia. Gilbert Ullrich, CEO, Ullrich Aluminium said: “We won’t run out of aluminium; that is what some of our customers are ringing to ask.” He also said: “The Company already sourced some of its aluminium from smelters in other countries including Australia and Qatar, and...
South Africa’s export of Aluminium scrap volume remains dwindling during 2017-20, revenue generation soars
The major industries that contribute to the economy of South Africa are mining, automobile manufacturing, metalworking, machinery, textiles, aluminium, iron and steel, chemicals, fertiliser, foodstuffs, commercial ship repair. South Africa’s export of aluminium scrap remains dwindling during 2017-20. The export volume has been recorded at 123,332 tonnes during 2017-19 and the revenue generations stood at $386.46 million. The projected export volume for 2020 has been analysed at 45,200 tonnes and the earnings to reach $221.06 million. However, when the export volume and income for 2020 get assorted with the previous three years, it exhibits 168,532 tonnes and $ 607.52 million respectively. In 2017, South Africa’s aluminium scrap export has been recorded with 21,925 tonnes and revenue...
Poralu Marine expands its geographic location, opens office in Mexico
Poralu Marine, the world’s leading aluminium port installer is opening a new sales office in Mexico and emphasizing the diversification of its activity. Born from a family entrepreneurial adventure, Poralu Marine grew up following in the footsteps of artisans, until it became an international industrial group. Retaining its pioneering DNA, it has gradually acquired cutting-edge skills. Developing unique solutions and equipment for the boating industry is the key business of Poralu Marine. The company has designed, built and installed equipment in more than 8,000 port facilities around the world - including the famous floating and opening gangways used at boat shows. The French-based company, which specializes in the design and construction of aluminium structures, is entering the Mexico...
Hidria: Slovenian auto components supplier signs € 15 million deal with three luxury car brands
Slovenian industrial conglomerate Hidria, a major car industry supplier, made public that it had signed a € 15 million deal with Germany's Audi and Porsche and Italy's Lamborghini under which it will develop and supply them with key aluminium engine parts. Hidria is one of the world-leading corporations in automotive and industrial technologies. The Idrija based company in the next five years will be delivering parts for high-performance diesel and petrol engines for premium and super-sport vehicles of the three marques. Audi, Porsche and Lamborghini will furnish in their vehicles aluminium parts developed in Hidria, which will make the vehicles lighter and more efficient, with better fuel economy, faster acceleration and lower emissions.
The “Corona” crisis: Salzburger Aluminum AG terminates 29 employees in Austria
Salzburger Aluminum AG (SAG) is terminating 29 employees in Austria at its two locations in Lend (Pinzgau) and Schwarzach (Pongau). The company has confirmed the news on 31 st July ’20. The corona crisis led to a significant decline in production at the automotive supplier. SAG with its subsidiaries is an internationally successful manufacturer of high-quality aluminium components for the automotive, commercial vehicle and railway industries. It also produces aluminium tanks for the automotive industry. The company said in a statement "After an optimistic start to the new year and with stable order numbers, the production volumes had to be drastically reduced in mid-March. Thanks to long-term supply contracts and short-time work, the vehicle manufacturers' lockdown had made it easy. The...
Maan Aluminium net profit shrinks 61.40% in the March 2020 quarter
India’s Maan Aluminium net profit declined 61.40% to INR 0.83 crore in the quarter ended March’20, as against INR 2.15 crore during the previous quarter ended March’19. The company is one of the pioneers in the Aluminium extrusion industry in India. The aluminium company’s facility is based in Madhya Pradesh, Central India. Maan Aluminium is a preferred choice by many companies worldwide. The company is exporting its products globally and is accredited with One Star export house status. It has been reported a drop in sales by 51.96% to INR 98.51 crore in the quarter ended March’20 as against INR 205.07 crore during the previous quarter ended March’19. Net profit for the full year declined 17.67% to INR 7.55 crore for the year ended March’20 as against INR 9.17 crore during the previous...
Honor enters Indian market with MagicBook 15 aluminium chassis laptop
Honor, a company owned by Huawei Technologies has glared its entry into a new segment in India. The company has launched its first laptop — Honor MagicBook 15 in the country. The Honor MagicBook 15 comes with an aluminium chassis and a pop-up webcam which is hidden beneath the camera button placed on the keyboard. The MagicBook 15 users just have to tap on the camera button on the keyboard which will make the camera pop-up. The company professes that this hidden camera technique will safeguard the privacy of the user and will secure them against remote hijacking and peeping. The Laptop comes in Space Gray and Mystic Silver colour options and is priced at INR 42,990. The laptop will be available through online window starting 6 th August’20. As part of the launch offer, the company is...
US inflates sanctions on Iran related to metals for weapons program, 10 are in the form of aluminium
The US Secretary of State Michael Pompeo stated Washington has announced the expansion of sanctions on Iran to counter nuclear, missile and military programs. The expansion of sanctions enforcement declares that the United States would punish anyone who transfers 22 specific metals, out of which 10 are in the form of aluminium that could be used in Iran's weapons programs. Pompeo’s statement runs as: “Iran’s nuclear, ballistic missile, and military programs pose a grave threat to international peace and security. To address these threats, I am announcing a major expansion of the scope of State Department-administered Iran metals-related sanctions. Today, the State Department is identifying 22 specific materials used in connection with Iran’s nuclear, military, or ballistic missile...
Klaveness Digital delivers technology solution to ALBA for methodical arrangement of shipments
Klaveness Digital, the Norwegian technology company that assist shipping and logistics into the future to empower industrial companies to make better-informed decisions, delivered a solution that improvised Alba to arrange their shipments more methodically, evading collisions during berth and will give provide them live updates on the estimated time of arrivals. Aluminium Bahrain B.S.C. (Alba) invariably ranks as one of the largest and most modern aluminium smelters in the world based in the Kingdom of Bahrain and is a major contributor to the social, industrial and economic development of the Kingdom. Presently Alba is employing over 3000 people and importing the major raw material dry bulk of about 3 million metric tonnes annually. The challenge Alba was facing is the composite manual...
Belgium’s Aluminium scrap exportation during 2017-20 unfolds a multimillion $ market
The major contributor to the economy of Belgium is its industries like engineering and metal products, motor vehicle assembly, transportation equipment, scientific instruments, processed food and beverages, chemicals, pharmaceuticals, base metals, textiles, glass, petroleum, etc. The Western European nation’s aluminium scrap export during 2017-19 remains enterprising, as the export volume recorded was 636,220 tonnes and the revenue earning stood at $560.56 million. The aluminium scrap export for 2020 has been forecasted to be at 290,137 tonnes and earning to be at $316.54 million. When the evaluated export volume and earning of 2020 gets assorted with the existing three years it stands at 926,357 tonnes and $877.10 million respectively. In 2017, Belgium’s aluminium scrap export was marked...
International Transport Workers Federation in Australia seize Alumina cargo at Newcastle dock over underpayment of Burmese crew
A cargo ship bringing alumina feedstock to Tomago Aluminium has been seized on the dock at Newcastle over alleged underpayment and other breaches of seafarers' minimum conditions by the International Transport Workers Federation (ITF). Dean Summers, the head of the ITF in Australia, said: “The ship, the Unison Jasper, had been recently seized in Brisbane over underpayment but had been allowed to leave again after $93,000 in wages was paid to 11 Burmese crew.” Mr Summers said: “More paperwork had come to light showing another $60,000 at least was still owed, and so the vessel had been detained at Kooragang Island, where it just had unloaded its cargo of alumina.” "It won't be going anywhere until this is sorted.” Matt Howell, CEO, Tomago Aluminium, said: “The company did not own or operate...
Cita Mineral Investindo in Indonesia stays positive for its bauxite mining and alumina production growth for left-over 2020
PT Cita Mineral Investindo Tbk presumes that the performance of its bauxite and alumina business will pursue to grow for the left-over 2020, despite the challenges of the COVID-19 pandemic. The company is yet to report its results for the first half of operational performance. During Q1 of 2020, CITA produced 2.62 million tonnes of Metallurgical Grade Bauxite (MGB). This number grew 45.55% on Y-o-Y compared to production in the first quarter of 2019 of 1.80 million tonnes. On 30 th July’20, Yusak Lumba Pardede, Director of Cita Mineral Investindo said: “Until the end of the year, the company targets MGB production in the range of 10.2 million tonnes - 11 million tonnes. It is hoped that there are no significant obstacles so we can reach the target at the end of the year.” The Director...
Riccardo Ferrario elected as the new President of Italian Foundry Suppliers' Association – “AMAFOND”
The 74th Ordinary Assembly of Amafond, the Italian Foundry Suppliers’ Association, took place on 23rd July’20, in the setting of Borgo Santa Giulia in Brescia area. On this occasion, elections were held for the renewal of the Executive Committee for the 2020-2021 periods: Riccardo Ferrario was elected new President of Amafond. He is the General Manager of Idra Group of Travagliato (Brescia area) since 2009, a company that boasts over 70 years of experience in the production of die casting machines and auxiliary equipment, with a background in Fiat Teksid, Meridian Technologies and EurAlcom. The following people were elected as Vice Presidents for the Product Group: Luca Casella (Director - Sipag Bisalta Spa) and Angelo Vezzuli (General Manager - EKW Italia Srl), while for the Machinery...
