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THINK ALUMINIUM THINK AL CIRCLE
The downstream sector is the most productive sector of all as its profiles travel down to the retail market for the manufacturers to make products for consumers to utilise. This week has been quite exciting for the downstream zone as many important names made a headline with their noble initiatives. Aequs Pvt Ltd and Hindalco Industries have agreed to share their market and industry expertise to manufacture, develop and certify sustainable aluminium extrusions for the commercial aerospace OEMs and other essential customers. While in the Southern Hemisphere, by July 31, 2022, the paperwork would be complete with chairing Vulcan Steel as the esteemed owner of Ullrich Aluminium for NZ$165 million (A$148.63 million) after the complete metamorphosis of the latter into an aluminium unit.
As part of an alliance, Aequs Pvt Ltd., a leading aerospace components manufacturer and Hindalco Industries, the world's largest integrated aluminium company, sealed long-term collaborations and joint business development to strengthen the aerospace sector. For the development, manufacture, and qualification of extrusions required by commercial aerospace OEMs and other Aequs customers, the partnership leverages the capabilities, market presence, and industry knowledge of the respective parties.
Vulcan Steel signed a conditional sale and purchase agreement to acquire Ullrich Aluminium for NZ$165 million (A$148.63 million) to diversify into a metal that weighs just one-third as much as stainless steel. Vulcan gained 100 per cent of the aluminium distributor. Net debt of NZ$34 million and net tangible assets of NZ$131 million make up the transaction price. However, both are contingent on completing the accounts through July 31, 2022.
On Monday, July 18, Vedanta Aluminium said it is eager to collaborate with the entire value chain of the automobile sector to minimise the industry's dependence on imported aluminium. Vedanta recently built a case for green aluminium at the national webinar by the Automotive Component Manufacturers Association (ACMA) of India.
According to a recent filing with the Department of Commerce, the Aluminium Association's Common Alloy Aluminum Sheet Trade Enforcement Working Group claims Chinese exporters and producers are evading unfair trade restrictions on standard alloy aluminium sheets (CAAS) from China by selling 4017 alloy aluminium sheet for uses typically reserved for 3003 and 3105 alloy aluminium sheets.
On Tuesday, July 19, the Aluminium Stewardship Initiative announced joining Triangle's Cycling Equipments as its new Industrial User member. Triangle aspires to be a model business and pioneer in developing and producing aluminium bicycle frames at the European level. It is the first factory in the world to manufacture aluminium bicycle frames using robots.
To know more: https://www.alcircle.com/news/triangle-s-cycling-equipments-joins-asi-as-its-new-industrial-user-member-82027
With the addition of AL Geometry to its ISO Turning portfolio, WIDIA expanded its range of reasonably priced tooling solutions for small to medium-sized machine shops that work with non-ferrous materials and aluminium. The AL Geometry insert offers additional advantages and increased product variety due to the availability of numerous grade and style options.
To know more: https://www.alcircle.com/news/widia-unveils-an-innovative-chip-breaker-for-machining-aluminium-82038
The Aluminum Association provided testimony on Wednesday, July 20, regarding the economic effects of Section 232 and Section 301 tariff programmes before the U.S. International Trade Commission (USITC). The Aluminum Association's president and CEO, Charles Johnson, noted how China's widespread use of industrial subsidies in the aluminium industry had skewed the world market for the metal.
The world's leading aluminium rolling producer and recycler, Novelis Inc., announced on Thursday, July 21, that it signed a Cooperation Research Agreement with Airbus to develop more advanced aluminium solutions for the future.
PyroGenesis said that it intends to add aluminium alloy powder to its product range, as requested by many global automakers issuing requirements for aluminium alloy powders made with plasma atomisation – especially from the alloy AlSi10Mg. The company has informed that it is focusing on scaling up its metal powder production by adding aluminium for use in Additive Manufacturing.
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