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Hydro has incorporated a third aluminium extrusion press at its manufacturing facility in Rackwitz with Euro 11 million investment that will double the plant's extrusion capacity by 12,000 tonnes annually. Elkem, Hydro, and Altor-owned firm Vianode, the maker of sustainable engineered battery materials, has declared investing NOK 2 billion to enhance its first industrial-scale unit for producing sustainable battery materials in Herøya, Norway. Turkey’s largest producer of aluminium sheet and coil, Vig Metal has completed ten years in 2022 increasing production capacity to 40,000 with new investments concerning furnaces, casting and machining lines. Aludium has resumed its Alicante plant alongside its primary rolling mill after an unprecedented fire accident in April 3, 2021 which had left the organisation in ashes. A conglomeration created by 180 European companies has now joined hands with European Foil Association and Flexible Packaging Europe to mandate protocols on flexible packaging solutions containing aluminium foil. Vedanta will spend an additional $50 million (INR 400 crore) in investment to create a special purpose vehicle (SPV) for the aluminium park’s development in Jharsuguda, Odisha after the initial US$3 billion investment to constitute the park was declared.
Aluminium Stewardship Initiative has reportedly certified Press Metal International Limited (PMI) with Performance Standard V2 (2017) certification with Provisional status. Press Metal International, a subsidiary of Press Metal, has received the certificate for its casthouse, extrusion, anodizing, powder coating, PVDF and fabricated extrusion profile production facility in Foshan city, China, with an annual capacity of 160,000 tonnes.
Vig Metal, which completed 10 years in 2022, increased its production capacity to 40,000 tonnes thanks to new investments, including annealing furnaces, a casting line with a production width of 1500 mm, and a new, high-tech cut-to-length line with a production width of 2000 mm.
To know more: https://www.alcircle.com/news/celebrating-10-years-of-turkeys-largest-producer-of-aluminium-sheet-and-coil-84631
CEFLEX, a collaborative initiative of 180 European companies representing the entire value chain of flexible packaging, has teamed up with European Foil Association and Flexible Packaging Europe to outline guidelines on flexible packaging containing aluminium foil.
Just one year after the massive fire at the factory that erupted early on April 3, 2021, Aludium resumed operation of its Alicante plant with the L2, its primary rolling mill. Given the difficulty of organising the work and the global circumstances impacting the supply of components, the repair and commissioning of the mill were completed in less than 12 months, which is a record period.
To know more: https://www.alcircle.com/news/aludium-resumes-its-alicante-plant-operation-a-year-after-the-massive-fire-incident-84653
Hydro adds a third aluminium extrusion press at its manufacturing facility in Rackwitz. The EUR 11 million investments will double the plant's extrusion capacity by 12,000 tonnes annually and generate 40 new jobs. The development of Hydro's aluminium recycling facility in Rackwitz, which will add 25,000 tonnes of forging stock through increased amounts of post-consumer, end-of-life scrap, was officially started two months ago. The recycling facility is the nearest neighbour to the extrusion business.
To know more: https://www.alcircle.com/news/hydro-adds-a-third-aluminium-extrusion-press-at-its-rackwitz-manufacturing-facility-84658
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd, joined Aluminium Stewardship Initiative as the new Production and Transformation member. Incorporated in 2009, Swisstek Aluminium is a subsidiary of Lankatiles and Vallibel One.
To know more: https://www.alcircle.com/news/swisstek-aluminium-joins-asi-as-new-production-and-transformation-member-84671
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR 217,000- 224,500 per tonne as of September 16. On Thursday, September 15, the wire rod price stood at INR 213,250-220,750 per tonne after being cut by INR 4,750 per tonne from INR 218,000-225,500 per tonne.
To know more: https://www.alcircle.com/news/vedantas-aluminium-wire-rod-billet-prices-advance-by-inr3750-t-after-an-intermittent-cut-84612
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, September 20. That followed a raise of INR 3,750 per tonne on the previous day, September 16. On September 20, Hindalco deducted its aluminium billets price by INR 3,000 per tonne to sell the product at INR 218,350 per tonne.
To know more: https://www.alcircle.com/news/hindalco-industries-deducts-inr3000-t-from-its-aluminium-billets-price-on-september-20-84638
Following the announcement of Vedanta's new investment plan in Odisha for around $3 billion (INR 25000), the group is all set to build an aluminium park at Jharsuguda. An investment of $50 million (INR 400 crore) will create a special purpose vehicle (SPV) for the park's development.
To know more: https://www.alcircle.com/news/vedanta-mega-aluminium-park-projects-spv-to-be-formed-expeditiously-84604
ThyssenKrupp Materials Services continues to expand in North America and plans to open a new facility for its Materials de Mexico division in San Luis Potosí. The company is investing around $37 million in a service centre in the city, which will support the future viability of the automotive supply industry, which is proliferating here. However, the new site will create jobs for around 65 employees. As a result of this step, the largest mill-independent materials distributor and service provider in the Western world strengthens its leading position in the North American market and aligns its service business with the evolving needs of its customers.
Elkem, Hydro, and Altor-owned firm Vianode, the producer of sustainable engineered battery materials, has decided to invest NOK 2 billion in its first industrial-scale facility for sustainable battery materials in Herøya, Norway. By 2024, the industrial facility in Herøya will generate enough anode graphite for 20,000 electric cars (EVs) annually.
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