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THINK ALUMINIUM THINK AL CIRCLE
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they are heavily impacting Australia's international and regional sales. Hero Motors India invested in an indigenous high-end cycle component manufacturing factory at the Dhanansu e-cycle valley to compete with the cheap imports from Chinese markets. The managing director of G.A.Röders GmbH & Co KG, Gerd Röders, has decided to run 24-hour shifts in the 200-year-old factory for three successive weeks, followed by a week of a complete shutdown to bring the production rate on track, while keeping the consumption of Europe's limited provisions of gas in check.
On Sunday, August 7, a fire broke out at Novelis Italia S.p.A., a metalworking business located in Pieve Emanuele (Milan). As per the reports, the fire was caused due to an accidental release of aluminium casting. The aluminium casting spill was taken care of by 10 fire brigades from Milan’s provincial command. Apart from this, 118 medical personnel, 4 ambulances and carabinieri from the San Donato Company were also at the site.
To know more: https://www.alcircle.com/news/a-year-later-novelis-italia-reports-another-major-fire-outbreak-of-a-similar-nature-82207
According to analysts, US importable beverage can sheet will almost disappear due to the additional production of three major US aluminium rolling mills by the end of 2026. Even though demand for this packaging is expected to grow by then, the three mills will virtually eliminate importable beverage can sheets by that time.
To know more: https://www.alcircle.com/news/rolled-aluminium-production-rise-in-the-us-could-eliminate-imports-82213
BlueScope Distribution, primarily recognized as a steel distributor, is growing its capabilities by offering a more comprehensive selection of products and services for processing aluminium. The company has been a leader in the steel and aluminium industry for a long time.
To know more: https://www.alcircle.com/news/bluescope-distribution-expands-its-aluminium-processing-services-and-range-of-products-82218
HVG Facades officially anointed Décortech Limited, a New Zealand’s Big River Group subsidiary, as their trusted distributor of the premium aluminium cladding product, MondoClad. The partnership will strengthen HVG Facades’ position in the industrial sector of New Zealand, establishing the MondoClad range more actively in the market.
To know more: https://www.alcircle.com/news/hvg-facades-outsources-mondoclad-distributorship-to-new-zealands-decortech-limited-82221
Gerd Röders, managing director of G.A.Röders GmbH & Co KG, expertise in manufacturing aluminium die-castings from various alloys for high-quality parts, is unwillingly preparing for the temporary shutdown of foundry to survive Europe’s growing gas crunch. Röders hopes 24-hour shifts for three consecutive weeks, followed by a week shutdown, will enable the 200-year-old plant to maintain output while cutting gas bill, which has doubled since 2021 to 12.3 million euros.
The family-owned company focused on aluminium and other nonferrous materials, Metal Exchange Corporation elevated Matt Rohm has been promoted to the position of President and Chief Operating Officer of the enterprise, reporting to Rick Merluzzi, Chief Executive Officer of Metal Exchange Corporation.
To know more: https://www.alcircle.com/news/matt-rohm-to-serve-as-president-and-coo-of-metal-exchange-corp-82226
As the "long game" between Beijing and Canberra continues, Australia opened a new anti-dumping probe against Chinese aluminium extrusions used in many applications, including construction. According to Australia's Anti-Dumping Commission, aluminium manufacturer Capral submitted a request to review current anti-dumping measures.
To know more: https://www.alcircle.com/news/capral-requests-for-a-new-antidumping-probe-against-chinese-aluminium-extrusions-82235
Gränges, the aluminium technology company appointed William B. Shannon as the Senior Vice President for Gränges' Global Battery Foil Program. Bill Shannon is the COO of the New York-based Li-Ion battery cell producer iM3NY. As a battery industry veteran with over 30 years of experience, he will be essential to Gränges' expansion into this sector.
To know more: https://www.alcircle.com/news/william-b-shannon-joins-granges-as-senior-vice-president-global-battery-foil-program-82237
According to a report on August 10, the Aluminium Stewardship Initiative has renewed the Performance Standard Certification for Hydro Extrusions through May 2025. It covers 47 sites, of which two-thirds are certified against the ASI Chain of Custody certification.
To know more: https://www.alcircle.com/news/asi-renews-hydro-extrusions-performance-standard-certification-through-may-2025-82238
There have been reports of a management buyout costing US$2 million in Alcomet, the UK's component provider to the electricity transmission and distribution market. The founder of Alcomet, Gary James, hosted the session while declaring his separation from the brand. Chris Beasley, the managing director, has been entrusted with the massive responsibility of running the company.
To know more: https://www.alcircle.com/news/alcomet-registers-management-buy-out-worth-us2-million-assisted-by-barclays-83254
Vedanta Limited raised its aluminium products and aluminium ingot price on Saturday, August 6, after three consecutive cuts since July 30. The company added INR 4,750 per tonne to its aluminium billet price to sell the product at INR 232,500 per tonne, with effect from August 6. On August 4, the price stood at INR 227,750 per tonne, seeing a cut of INR 3,250 per tonne from the previous day.
On Monday, August 8, Maan Aluminium, an aluminium extruded product manufacturing company reported a financial result for the second quarter of 2022 ended June 30, revealing year-on-year increase of 43.46 per cent in net sales to INR 173.16 crore versus INR 120.70 crore. On a quarter-on-quarter basis, net sales in June quarter grew by 34.23 per cent from INR 129 crore.
To know more: https://www.alcircle.com/news/maan-aluminium-posts-43-yearly-growth-in-net-sales-to-inr-173-16-cr-for-2qfy23-82216
Alro Group, one of the largest vertically integrated aluminium producers in Europe by capacity, booked a net profit of RON 15.3 million for the first half of 2022 ended June 30, compared to a net loss of RON 47.6 million a year ago. The Group’s turnover has increased to RON 2.1 billion during H1 from RON 1.5 billion during the same period last year, thanks to the higher demand for aluminium on the international markets and LME price hike. Aluminium demand mainly stood high in the first quarter of 2022, especially flat-rolled and extruded products.
The Riverview Town Council declared that it would make an investment of US$60,000 to rejuvenate the riverfront holiday light display system, which was recently destroyed by local goons, who stole connected copper wires that were electrifying the lights.
To know more: https://www.alcircle.com/news/riverview-investing-us60k-to-replace-copper-with-aluminium-wires-in-holiday-lights-system-83248
Hero Motor Company’s sister concern, Spur Technologies, announced opening its first manufacturing unit for making indigenous bicycle components to compete with the cheap Chinese imports at Dhanansu e-cycle valley on August 11.
Tungaloy, the cutting tool manufacturer from Japan, launched its latest Tungrec DX110 series of PCD insert grades to achieve precisely machined aluminium alloy parts. This move was followed by the release of Tungaloy’s new Addforce brand.
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