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.
Shandong Xinanrui Machinery Co. joins AL Biz to amplify its reach in the aluminium die-casting sector
Shandong Xinanrui Machinery Co., Ltd., a distinguished Chinese player in the realm of manufacturing, has recently joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, marking a significant milestone in the company's journey. Specialising in custom die-casting, aluminium alloy castings, and innovative non-standard hot-galvanised electric power fitting solutions, the company brings a wealth of expertise to the table. Certifications of the custom die-casting company As an ISO 9001, ISO 20000, and IATF16949-certified organisation, Shandong Xinanrui Machinery Co., Ltd. exemplifies a commitment to the highest quality and operational excellence standards. This certification underscores the company's dedication...
Ningbo Zhongbang Aluminium sets the pace by joining AL Biz for unmatched circle, coil, and sheet solutions
Ningbo Zhongbang Aluminium Co., Ltd. has emerged as a frontrunner in the aluminium processing and manufacturing industry, setting the pace with its unparalleled aluminium circle, coil, and sheet solutions and has recently joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain. Committed to delivering reliable quality and service, Zhongbang specialises in various aluminium products, including circles, ovals, sheets, strips, and coils, catering to diverse applications such as kitchenware, new energy vehicle battery cases, industrial needs, and building materials. Situated in Cixi, Ningbo, just 30 kilometres from Ningbo port, Zhongbang's Chinese factory enjoys a strategic location with exceptionally...
Mexico City's Formula E season 10 opener highlights energy transition's technological prowess
In Mexico City, the ABB FIA Formula E World Championship embarks on a dual race - one on the track, featuring fully electric competition, and the other off the track, symbolising Mexico's pursuit of the energy transition. Mexico’s transition to sustainable energy Mexico's dedication to advancing its shift towards sustainable energy is unmistakably evident in the high-stakes event set to unfold at the Autódromo Hermanos Rodríguez in Mexico City on January 13. This marks the commencement of the tenth fully electric season of the ABB FIA Formula E World Championship, a showcase of zero-carbon motorsport. Mexico stands at the forefront of efforts to decarbonise transportation as a global leader in vehicle production and a focal point for the burgeoning electric vehicle and battery plant...
Tesla union standoff puts 20 jobs at risk in Hydro's Swedish plant
On January 12, 2024, Norwegian aluminium giant Hydro announced that 20 employees at a Swedish plant are at risk of potential job loss due to a dispute between the IF Metall labour union and electric vehicle manufacturer Tesla. In November 2023, unionised workers at Hydro Extrusions Vetlanda halted the production of components for Tesla vehicles in solidarity with Swedish mechanics seeking a collective bargaining agreement with the American automaker. The Vetlanda plant operated by Hydro, employing approximately 600 individuals, has been actively securing alternative employment for workers engaged in the conflict since November. However, the company spokesperson revealed that continuing this practice is no longer feasible. Subsequently, negotiations will commence with labour union...
Shandong Hongchuang Aluminium welcomes new Chairman to spearhead growth strategy
On January 12, 2024, Shandong Hongchuang Aluminium Industry announced the appointment of Yang Congsen as its new Chairman, as stated in a filing. During a meeting on January 11, 2024, Yang, formerly a director, was elected unanimously and will now lead the company's three-member strategy committee. According to the company's statement, Yang has served in leadership positions at Hongchuang and its affiliated companies. On December 27, 2023, for personal reasons, Zhao Qianfang stepped down from the position of Chairman of Shandong Hongchuang Aluminium Industry.
Shandong Ganquan elevates aluminium excellence: Joins AL Biz as a premier manufacturer and supplier
Shandong Ganquan Import and Export Co., Ltd. stands tall as a powerhouse in the realm of aluminium and steel and has recently joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain. Established in March 2010, the company has evolved into a prominent enterprise, focusing primarily on coating products, aluminium alloy processing, and producing diverse aluminium profiles. Comprehensive aluminium offerings Specialising in aluminium profiles, coils, foils, and plates, Shandong Ganquan Import and Export Co. boasts an extensive inventory spanning 1-series to 7-series aluminium alloys. Their offerings include: Pure aluminium plates. Alumina plates. Mirror aluminium plates. Brushed aluminium plates. Alloy hard...
November setback: Italian industries experience further softening in production
The widespread industrial deterioration cast a shadow over Q4 2023, as economic indicators suggested weak performance for the sector. Current sentiment data reveals no immediate signs of reversal, prompting concerns about sustained sluggishness. 2023 ended in a sluggish mode As reported by ING THINK, in November 2023, the sluggish phase in Italian industrial production intensified, as indicated by data from Istat. The seasonally adjusted figures reveal a notable 1.5 per cent monthly decline (contrasting with -0.2 per cent in October), surpassing initial expectations. The average year-on-year change from January to November 2023 reflects a 2.5 per cent decrease compared to the corresponding period in 2022. Present production levels are over 4 per cent lower than those observed in the...
Breaking oil dependency: Saudi Arabia unveils $182 million incentive programme for mineral exploration
On January 10, 2023, a senior government official stated that Saudi Arabia had initiated a $182 million incentive program for mineral exploration. This move is a part of the country's broader efforts to diversify its economy and reduce dependence on oil. The kingdom is actively pursuing the expansion of its mining sector to harness extensive deposits of phosphate, gold, copper, and bauxite. Future Minerals Forum While speaking at the Future Minerals Forum, Bandar Alkhorayef, the Minister of Industry and Mineral Resources, said, "This programme will de-risk investments in our exploration, securing to enable new commodities, greenfield projects and junior miners." During this week's industry event in Riyadh, agreements totalling 75 billion riyals ($20 billion) are anticipated to be...
Russian aluminium dominates LME stocks, soaring to 90%
A dramatic shift in the origin of aluminium stockpiled in the London Metal Exchange (LME) warehouses has taken place, with Russian metal now dominating the stocks. At the end of December 2023, a staggering 90 per cent of the aluminium stored in the LME was of Russian origin, according to the exchange's latest data. This marks a significant increase from less than 10 per cent before the Ukraine-Russia geopolitical crisis began to nearly 80 per cent at the end of November. The data reveals that the entirety of the increase in LME aluminium stocks in December came from Russian metal. This sudden surge raises questions about the potential impact on global aluminium supply chains and pricing, with potential implications for industries that rely heavily on the metal. The reasons behind this...
Henan Huawei Aluminium Co. strengthens its global footprint by joining AL Biz – your go-to source for aluminium sheets, coils, plates, and foils
In a significant development for the aluminium sector, Henan Huawei Aluminium Co., Ltd. has recently joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, showcasing its prowess as a prominent manufacturer of aluminium sheets, coils, plates, and foils. Established in 2001 as a privately owned enterprise, the company is situated in Huiguo Town, renowned as the aluminium capital of Henan Province, China. Product portfolio: Boasting an impressive production capability, Henan Huawei Aluminium specialises in manufacturing a wide range of aluminium alloys , focusing on the 1, 3, 5, 6, and 8 series. Particularly noteworthy is their expertise in the production of 5-series alloys. The company's product lineup...
Jingzhou Bolster Mechanical Equipment Co. elevates its presence in the aluminium industry by joining AL Biz
In the dynamic realm of aluminium production, Jingzhou Bolster Mechanical Equipment Co., Ltd. stands as a distinguished leader, boasting over 25 years of expertise in manufacturing cutting-edge aluminium melting and casting equipment . The company has recently joined AL Biz , the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain, underscoring its commitment to expanding its global presence and connecting with industry partners. A legacy of innovation Established in China, Jingzhou Bolster Mechanical Equipment has garnered a stellar reputation for its relentless pursuit of excellence in the field of aluminium casting. With two well-established plants and plans for a third on the horizon, the company commands a sprawling...
TT Consulting Inc.'s Anthony Tropeano joins TECHMO CAR as senior advisor, focusing on the US and Mexico markets
Industry expert Anthony Tropeano of TT Consulting Inc. has joined TECHMO CAR as a senior advisor for the US and Mexico markets. Mr. Tropeano has spent over 40 years in the worldwide primary, secondary, and downstream aluminium and metals market. At Italimpianti of America, Inc., he served as Executive Vice President and Chief Operating Officer. After joining the Italian company FATA in 1994, he held several executive leadership positions before retiring as CEO. He successfully led FATA’s two operating divisions, FATA Hunter (world leader in engineering and equipment manufacturing for the aluminium flat rolled product industries) and FATA EPC (supplier of complete plants on an LSTK-EPC basis). TECHMO CAR, founded in 1961, has set the standards in the engineering and manufacturing high-end...
AL Biz welcomes Floreani & Partners: Alufoil equipment manufacturer adds expertise to a growing network
In a significant development for the aluminium and aluminium foil equipment sector, Floreani & Partners , a distinguished Italian manufacturing company, has joined AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain. Renowned for its cutting-edge solutions and unwavering commitment to excellence, Floreani & Partners brings decades of expertise to this dynamic industry. The Italian establishment Established with a rich history, Floreani & Partners has become a leading name in producing state-of-the-art equipment dedicated to the aluminium foil sector . Their comprehensive product range is designed to meet the evolving needs of the industry, providing innovative solutions that enhance efficiency, productivity,...
Boosting Morocco's cathode production, Chinese firms invest $700 million
According to a London-based IOSCO-regulated Price Reporting Agency and specialist information provider for the lithium-ion battery to electric vehicle supply chain, Morocco is set to strengthen its global standing as a cathode producer, as Chinese companies plan to invest over $700 million in the sector. The report further emphasised that Morocco's expected production capacity is poised to cover about a quarter of Europe's forecasted requirements. The document highlights various projects, with one notable example being China's BTR committing a substantial $490 million investment in a facility disclosed in December 2023. The future hotspot for Moroccan tech Situated in Tangier Technopark City within the Tangier Province, the recently established facility is poised to manufacture an...
Gujarat Foils embraces digital growth: Aluminium foil and sheet manufacturer joins AL Biz for enhanced market access
Gujarat Foils Ltd. (GFL), India's third-largest manufacturer of aluminium foils and sheets, has again proven its commitment to excellence by joining the AL Biz, the world's 1st B2B online marketplace that connects millions of buyers and sellers across the entire aluminium value chain. As a publicly listed company on the Bombay Stock Exchange (BSE), GFL has consistently thrived on challenges and taken pride in exceeding client expectations. The company's remarkable growth trajectory underscores its unwavering dedication to quality and innovation. GFL's product range covers a spectrum of aluminium foils and sheets , catering to diverse industries such as pharmaceuticals, breweries, and the food and beverage sector. The company's extensive portfolio includes thin gauge sheets and coils for...
Slight decline in Italy's inflation rate in December 2023, marked by energy and services
Italian inflation experienced only a marginal decrease in December. The momentum in the energy sector persists, and it is anticipated that the impact of discontinuing favourable administrative measures will soon be evident, causing headline inflation to slightly exceed the 2 per cent ceiling, as reported by ING THINK economic and financial analysis. Disinflation is influenced by the unpredictable nature of energy and food prices The rapid descent in headline inflation showed signs of stabilising in December. As per the initial report from Istat, the year-on-year headline inflation rate for December stood at 0.6 per cent, a marginal decrease from 0.7 per cent in November. This slight dip was influenced by a downward impact from the regulated energy sector, recreational services, and...
VinFast eyeing the world's 3rd largest automotive market with billions in investment
Vietnamese EV Giant VinFast intends to make an initial investment of $500 million to establish a comprehensive facility in India, aiming to enter the world's third-largest automotive market. Besides establishing the manufacturing facility, the automaker aims to create an extensive dealership network nationwide to serve customers in the world's third-largest four-wheeler market. The automotive industry's third-largest market globally In 2022, India surpassed Japan to claim the third position in the global vehicle market, following China and the US. The country achieved this by selling over 4.25 million vehicles. The company revealed a memorandum of understanding with the Tamil Nadu state government on January 6, 2023, outlining an investment commitment of up to $2 billion. However, the...
Romania's economic indicators signal headwinds: Industrial PPI and foreign-owned companies down
According to Romania's statistical office, INS, in November 2023, the southeastern European country witnessed a 2.55 per cent y-o-y decline in industrial producer prices, primarily attributed to a decrease in the mining and quarrying sector. Despite this annual dip, there was a slight monthly increase of 0.2 per cent, as indicated by provisional figures. Industrial PPI Taking a closer look at the numbers, on the domestic market, industrial producer prices experienced a 3.31 per cent y-o-y decrease in November 2023. On the external market, prices also edged down, showing an annual decline of 0.64 per cent. The 7.96 per cent y-o-y drop in energy prices is noteworthy, while intermediate goods saw a 4.93 per cent decline. Capital goods, on the other hand, exhibited a 5.49 per cent annual...
