50 billion in revenue and 20 billion in profit is what Vedanta Group is looking forward to over the next two years, said the Founder & Chairman, Mr Anil Agarwal, during an interactive session organised by the Indian Chamber of Commerce (ICC) at Taj Bengal, Kolkata on October 28, 2026. While he sees India as a powerhouse of metals and minerals, his attention is caught by West Bengal, located in the Eastern part of India. Mr Agarwal believes the future of Bengal looks bright, as the state has a strategic geographical location with major mining states like Jharkhand and Odisha as its neighbours. By directing high hopes for Bengal and praising the double engine government, Agarwal expressed his willingness to invest in the state in sectors like mining, minerals and power. He also met the...
Hydro has begun construction of a new 5,900 metric ton indirect aluminum extrusion press line at its Cressona facility in Pennsylvania, backed by a $53.5 million investment aimed at modernizing production, expanding specialist extrusion capacity, and strengthening the company’s North American manufacturing operations. The groundbreaking took place on October 27, with operations expected to commence in the first quarter of 2028. The new press will replace equipment dating from the 1950s and introduce Industry 4.0 technology, advanced automation, improved energy efficiency, and enhanced safety performance. New press targets growing demand for specialist extrusions The investment comes as demand for indirect aluminum extrusions continues to grow across commercial transportation, automotive,...
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Vedanta Limited has axed its aluminium products prices by INR 5,750 per tonne on Tuesday, March 7, following a hike last week. The company’s latest price slash has brought its aluminium wire rod price to INR 227,250-234,750 per tonne versus INR 233,000-240,500 per tonne on March 2. Vedanta’s aluminium billet price has come in at INR 228,750 per tonne as of March 7, compared to INR 234,500 per tonne on March 2. The company’s aluminium ingot price has also been reduced by INR 5,750 per tonne to INR 219,750-250,250 per tonne from INR 225,500-256000 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the Londom Metal Exchange, which shrank by US$45 per tonne or 1.90 per cent from US$2,366.50 per tonne on March 2 to US$2,321.50...
On Monday, the Bulgarian Competition Authority announced that it had received a request to look into Cosmos Aluminium, a Greek firm, and its proposed acquisition of Etem Commercial and Industrial Light Metals, a subsidiary of Elvalhalcor Hellenic Copper and Aluminium Company JSC. The Commission on Protection of Competition (CPC) stated in a notice posted on its website that the transaction is anticipated to impact the market for aluminium extrusions in Bulgaria and the entire European Economic Area (EEA). According to the CPC, the firms produce and market architectural solutions composed of extruded aluminium profiles and stock and customised aluminium profiles. Late in 2022, the two Greek businesses inked the contract without announcing the deal's worth. According to an earlier press...
On Wednesday, March 1, 2023, the Aluminium Stewardship Initiative (ASI) announced that it welcomed Shandong Yuhang Special Alloy Equipment Co., Ltd as the new Production and Transformation member. Handian Village in Zouping city is home to Shandong Yuhang special alloy equipment Co., Ltd., established in August 2011. With a registered capital of RMB 571 million, fixed assets worth RMB 2.5 billion, and a total area of 268800 m2 each year, it manufactures and processes 10000 tonnes of deep-processing goods for aluminium alloy, 250000 tonnes of ingots, and 150000 tonnes of industrial profiles made of aluminium alloy. The business has yearly revenues of around 3 billion yuan. "We hope to expand the global market and meet the high standards of the global aluminium industry. After becoming a...
In December 2022, the United States aluminium plates, sheets and bars exports stood at 55,200 tonnes, down by 13.88 per cent or 8,900 tonnes month-on-month from 64,100 tonnes, according to the US Geological Survey data. However, on a year-on-year calculation, the export volume edged 26.63 per cent or 14,700 tonnes higher than 40,500 tonnes. In the fourth quarter of the year, the United States aluminium flat rolled products exports totalled 180,600 tonnes, significantly up by 47.67 per cent from 122,300 tonnes in Q3 2022. That brought the country’s total exports in the second half of the year to 302,900 tonnes. From January to December 2022, the United States exported 736,000 tonnes of aluminium plates, sheets and bars versus 626,000 tonnes in 2021. Canada was the higher consumer of the...
On February 24, 2023, the Joe Biden Administration slapped a 200 per cent duty on imports of Russian aluminium. According to the Aluminium Extruder Council, this directive will cover imports of Russian aluminium extrusion. Next.e.GO Mobile (e.Go) and Trafigura signed a memorandum of understanding (MOU) to establish a long-term supply chain management service agreement focusing on the supply of aluminium and battery metals like lithium, cobalt, and copper. Fonnov Aluminium, a high-quality aluminium extrusion firm and the top professional extrusion manufacturer in China, added a new product to its line of specially made aluminium extrusion products intended to improve the efficiency of hydrogen fuel cars. On February 28, Hydro finally acquired Hueck after receiving clearance from the German...
Vedanta Limited elevated its aluminium products prices by INR 4,500 per tonne on Thursday, March 2, after the last revision about a week ago on February 25. The latest hike has brought the company’s aluminium wire rod price to INR 233,000-240,500 per tonne versus INR 228,500-236,000 per tonne on February 25. Vedanta’s aluminium billet price stands at INR 234,500 per tonne, with effect from Thursday, March 2, compared to INR 230,000 per tonne on February 25. The company’s aluminium ingot price experienced no exception but saw an increase of INR 4,500 per tonne from INR 221,000-251,500 per tonne on February 25 to INR 225,500-256000 per tonne on March 2. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the Londom Metal Exchange, which...
On February 28, Hydro finally acquired Hueck after receiving clearance from the German and Austrian competition regulators. The two companies signed the agreement for the same on December 2022 . As per the reports, the acquisition will increase Hydro's market share in Germany and other European countries. It also established a strong foundation for future expansion in the extrusions and building systems sectors. The greatest market in Europe for building systems and aluminium extrusions is found in Germany. Hydro will have five extrusion factories, three recycling sites, and 2,000 workers nationwide with this acquisition. These 2000 professionals are experts in developing windows, doors, and façade solutions for the building and construction sector. "Hueck is in many ways a perfect fit...
The Italian company that stands out in the world metal industry, FIMI Machinery has announced the delivery of CTL 975 to Becker Aluminium-Service GmbH. Becker Aluminium is one of the leading German service centres, active in processing and supplying of aluminium flat products which equipped itself with a multiform levelling and cutting line for its headquarters in Böhnen in 2018. FIMI Machinery is known for its specializing in the design, construction and commissioning of plants and machines for processing coils of the highest quality and advanced technology enabled to guarantee consistent high performance. The scope of installation at Becker Aluminium was to enhance the performances and the sheet metal cutting quality for automotive manufacturers and their subcontractors by utilizing...
The high-quality aluminium extrusion company and leading professional extrusion manufacturer in China, Fonnov Aluminium, has introduced a new product to its fleet of customized aluminium extrusion products designed to increase the proficiency of hydrogen fuel vehicles. Since its debut in 2015, vehicles powered by hydrogen have advanced significantly. They initially encountered several difficulties, including the need for additional infrastructure for refuelling, high prices, and a constrained range. However, technological advancements have addressed these issues, and hydrogen-fuel vehicles are becoming more popular. Hydrogen fuel cell cars are quiet, energy efficient, produce no emissions, and have equivalent range and performance to gasoline counterparts. They are eco-friendly and a...
Tradeglaze, the Lincoln-based manufacturer of aluminium doors, windows, and uPVC, unlocked another significant achievement by installing the new Emmegi Phantomatic X4' CNC machining centre for its aluminium plant. The update was a part of the firm's ambitious expansion plan, which it expedited last year in response to the market's exceptional demand for construction and home renovation services. The CNC machining centre is the fourth addition to the fabricator's repertoire in the past twelve months. It has four controllable axes and an electric spindle that continually spins from 0° to 180° to work on the whole workpiece's shape. A software update is also included in this substantial upgrade. The award-winning company recently acquired a new glass table, a spacer bar cutting machine, and...
Next.e.GO Mobile (e.Go), the Aachen-based German manufacturer of electric vehicles and sustainable mobility systems, has signed a memorandum of understanding (MOU) with Trafigura to create a long-term supply chain management service agreement focussing on the supply of aluminium and battery metals like lithium, cobalt, and copper. The deal will considerably improve e.GO's capacity to follow its decentralised growth plan and strengthen supply chain dependability. Under the agreement, Trafigura will meet all of e.GO's requirements for transition and battery metal. The agreement also specifies how carbon intensity for each source of metals in the supply chain will be measured and how carbon declaration and transparency will be provided via the Agora supply chain emissions platform. "This...
Aluminium Stewardship Initiative (ASI) announced the joining of Midal Cables as the new Production and Transformation member. Founded in 1977, Midal is known for manufacturing aluminium rods, wires and overhead conductors for electrical transmission. With a current capacity of more than 350,000 tonnes annually, it has grown from a relatively small capacity of 15,000 tonnes of aluminium rods and a comparable level of ability to make overhead conductors become one of the top producers of aluminium rods in the world. “Our mission is to position our manufacturing presence in close proximity to our global customers and provide superior quality products by implementing our global competitiveness, social responsibility, excellent customer care, innovative technology, and environmental...
The Joe Biden Administration announced a 200 per cent tariff on Russian aluminium imports on February 24, 2023. The Aluminium Extruder Council stated that this order would cover aluminium extrusion imports from Russia. Coupled with the new Aluminum Import Monitoring System (AIMS), importers must now declare their extrusions' import country and the source of the billet and ingot. If extrusions are imported from a third country and made from a Russian ingot or billet , they will also be subject to the 200 per cent tariff. AEC said, "The orders invite other countries to join the 200 per cent tariff by offering them a permanent exclusion from Aluminum 232 tariffs. The language in the order could be more precise in this area, so we expect further clarification." “Tracing extrusions from the...
Hindalco Industries Limited axed its aluminium products prices for three consecutive days last week since February 23. Following the cut of INR 3,750 per tonne on February 23 , Hindalco withdrew another INR 1,750 per tonne from its aluminium wire rod price on February 24. Hence, the product’s selling price totalled INR 236,850 per tonne as of February 24. On February 25, the product price continued being reduced and saw the sharpest cut than the previous two days reaching INR 231,100 per tonne, down by INR 5,750 per tonne from a day prior. Hindalco also reduced its aluminium billets price by INR 5,750 per tonne on February 25 to sell the product at INR 234,100 per tonne. On February 24, the billet price stood at INR 234,100 per tonne, down by INR 1,750 per tonne from INR 241,600 per tonne...
The Department of International Trade's executive non-departmental public agency, the Trade Remedies Authority (TRA), said on February 22 that it had started reviewing the suggestion for anti-dumping remedies on imports of Chinese aluminium extrusion. Ricoh added the 6000 series aluminium alloy (AlSiMg) to its Binder Jetting (BJT) materials repertoire. The 6000 series is often used in conventional production and offers outstanding strength and corrosion-resistant properties for various applications. The Silver - Ecovadis Sustainability Rating was granted to Inductotherm Heating & Welding. The triple BSI-ISO accreditation for Inductotherm Heating & Welding, which includes ISO9001 for Quality, ISO45001 for Occupational Health & Safety, and ISO14001 for the Environment, was granted in June...
On Wednesday, February 22, Constellium SE, a global leader in developing, manufacturing, and recycling aluminium products, announced the fourth quarter and full-year results ended December 31, 2022. The company reported its revenue grew by 8 per cent year-on-year to €1.8 billion in Q4 2022, bringing the revenue of the entire year to €8.1 billion versus €6.2 billion. The revenue increased in CY2022 despite a stagnant volume of annual shipments at 1.6 million tonnes. Shipments in Q4 2022 contracted 4.42 per cent Y-o-Y from 385,000 tonnes to 368,000 tonnes. So, the revenue grew last year backed on the global aluminium price hike. Constellium also revealed its net income amounted to €30 million in Q4 2022 compared to €7 million during the same period in 2021. The company’s net income in the...
On Tuesday, February 21, Aluminium Stewardship Initiative announced it welcomed Hindalco Alupram Works, an aluminium extrusion manufacturing plant in Ernakulum District of Kerala, as a new Production and Transformation member. The plant is equipped with two extrusion presses, of which one was installed in 1955 with an initial capacity of 1,250 tonnes and the other in 1961 with a capacity of 3,300 tonnes. Alupram Works currently has a production capacity of 12,000 tonnes per annum, with both presses together. The major raw material used in the extrusion process is aluminium billets and Die steel. Its Die shop has a production capacity of manufacturing 720 dies per annum, offering the widest range of shapes and alloys. Depending on the requirement of the extrusion plant, aluminium billets...
The Japanese multinational imaging and electronics company, Ricoh, adds the 6000 series aluminium alloy (AlSiMg) to its Binder Jetting (BJT) materials. The 6000 series is a kind of aluminium alloy frequently used in traditional production and brings excellent strength and corrosion-resistant qualities to various applications. Ricoh stated that the 6000 series aluminium alloys are some of the hardest to sinter because they are more prone to oxidation and have a lower tolerance for impurities. The business introduced a 4000 series aluminium (AlSi) in 2020, which was made possible for Binder Jetting by using liquid-phase sintering technology. To create the 6000 series, Ricoh collaborated with the Bremen, Germany-based Fraunhofer Institute for Manufacturing Technologies and Advanced Materials...
