Downstream aluminium weekly recap: Arconic closes $230 million cash deal, sells 100% of its Russian operations to Promishlennie Investitsii; Novelis becomes FIRST Strategic Partner for global robotics enterprise
AlCircle’s “Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027” report is available on our website; please click on the link below for full information. EGA has reached a milestone in aluminium production by completing the supply of 40 million tonnes of hot metal since the start of its operations in 1979. One of the largest suppliers of aluminium sheet, plate and extrusions in the United States, Arconic declared that it has accomplished selling Promishlennie Investitsii LLC, the main shareholder of VSMPO-AVISMA Corporation, 100 per cent of its Russian operations for a cash bid of $230 million. Novelis has been anointed as a strategic partner to the global robotics organisation, FIRST to help it with operational insights.
AlCircle recently published a report on “Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027” to explore the prodigious market of aluminium castings, thanks to its ability to absorb large volumes of recycled aluminium produced from post-consumer scrap. Castings produced from recycled aluminium are used in mainstream automobile applications such as engines and wheels.
The Lenox Group, a manufacturer of aluminium extrusion profiles in Bulgaria, purchased a Nitrex turnkey nitriding system after expanding operations by bringing a second extrusion press to its Bulgarian facility. Based on the need, the company decided to buy the N-EXT 412, a compact-size Nitrex gas nitriding furnace for low volume.
Ross Aluminum, a Sidney-based provider of high-quality aluminium casting to various sectors, including transportation, trucking, power generation, aerospace, etc., will invest $5.4 million and plan to add 175 employees. Assets from USAC Ross, including real estate, machinery, and property, were bought by P&THE Manufacturing, LLC.
To know more: https://www.alcircle.com/news/ross-aluminum-to-add-175-new-employees-under-its-current-ownership-87120
A leading Bulgarian manufacturer of aluminium rolled and extruded products, Alcomet AD, said it would invest in a rooftop solar photovoltaic (PV) installation with a capacity of 2 megawatts.
The manufacturer of premium quality aluminium profiles, Global Aluminium Pvt. Ltd., has emerged as one of the leading champions in the aluminium extrusion manufacturing sector under the leadership of Chairman and Managing Director Anil Kumar Agarwal, Global.
To know more: https://www.alcircle.com/news/india-s-gapl-plans-to-expand-its-production-capacity-in-2023-87132
Arconic, one of the leading providers of aluminium sheet, plate and extrusions in the United States, announced that the company has successfully sold Promishlennie Investitsii LLC, the main shareholder of VSMPO-AVISMA Corporation, 100 per cent of its Russian operations for cash proceeds of $230 million.
Aluminium Stewardship Initiative has reportedly announced the joining of Jiangsu Goka Light Alloy Co., Ltd. as a new Production and Transformation member. Established in 2020, Jiangsu Goka Light Alloy Co., Ltd. is located in Yancheng City, Jiangsu Province, over 44000 square metres.
After three successive cuts on November 8, 10 and 11, Hindalco Industries Limited elevated its aluminium products and aluminium ingot prices, with effect from Saturday, November 12. The company lifted its aluminium wire rod price by INR 9,250 per tonne or 4.07 per cent to sell the item at INR 233,350 per tonne, following three back-to-back cuts from INR 229,100 per tonne to INR 224,100 per tonne during November 5-11.
Vedanta Limited’s aluminium products prices have witnessed further expansion over the past four days ending November 16. The company’s aluminium wire rod price has been grown by INR 2,000 per tonne to INR 234,000-241,500 per tonne, following a significant hike of INR 9,250 per tonne on Saturday, November 12, to INR 232,000-239,500 per tonne.
Hind Aluminium Industries Limited, a manufacturer of aluminium and alloy conductors and aluminium wire rods, announced its second quarter results ended September 30. The company reported its net sales nosedived by 90 per cent year-on-year from INR 8.00 crore to INR 0.80 crore and a quarter-on-quarter drop of 20 per cent from 1.00 crore.
According to the Shanghai Metals Market, aluminium billet inventories in China have accumulated 6,400 tonnes over the week ending November 17, 2022, amounting to 60,600 tonnes. Last Thursday, November 10, inventories fell by almost the same amount (6,300 tonnes) to stand at 54,200 tonnes.
To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-gain-6400-tonnes-this-week-on-cargo-arrivals-87156
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the two successive days – November 17 and 18. On Thursday, November 17, Hindalco trimmed its aluminium wire rod price by INR 1,750 per tonne from INR 235,350 per tonne on November 16 to INR 233,600 per tonne on November 17. The next day, November 18, Hindalco’s aluminium wire rod price further saw a cut of INR 2,250 per tonne to INR 231,350 per tonne.
AZZ Inc., one of the leading suppliers of galvanizing, metal coating, and coil coating products in North America, is planning to build a new aluminium coil coating factory close to St. Louis, Missouri, and is anticipated to begin operations in 2025. The facility will be in Washington, Missouri's brand-new Oldenburg Industrial Park.
To know more: https://www.alcircle.com/news/azz-inc-plans-to-build-new-aluminium-coil-coating-factory-in-missouri-by-2025-87096
Novelis has been appointed as a FIRST Strategic Partner by the global robotics community, FIRST, which coaches young scientific minds for the upcoming technological era.
To know more: https://www.alcircle.com/news/first-robotics-community-appoints-novelis-as-strategic-partner-for-operational-insight-87121
A team of 280 engineers at Polestar's UK research and development center has developed a brilliant way to make the aluminium chassis of a car stronger and lightweight. The research centre at the heart of Coventry has been strategically placed across a belt of famous motorsports companies so that the bonded aluminium chassis they create can be properly streamlined.
Ontario-based Equispheres has confirmed the discovery of a non-explosible aluminium alloy feedstock for Additive Manufacturing that decreases the chances of accidents related to the everyday application of metal powders. The latest creation, NExP-1, has been specially crafted to produce aluminium components.
Grow with
AL Circle
