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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Gränges plans to invest SEK 600 million over two years to double its battery cathode foil production capacity in Finspång, Sweden, to meet Europe's growing demand for battery components. The new capacity is expected to be operational in 2025. Jörgen Rosengren, the CEO of Gränges, said, “Gränges started to invest in this area in 2021. Recently, we have experienced very high interest in our battery and electrification solutions from battery manufacturers and automotive OEMs. Our market launch plan for battery cathode foil is ambitious: Asia in 2022, Europe in 2023 and the Americas in 2024. A recently made agreement with a leading global battery manufacturer consumes our initially planned production capacity in Europe. To keep up a high pace, we are now investing in doubling our capacity for...
Aluminium Stewardship Initiative (ASI) has acknowledged ASAŞ Alüminyum San. Ve Tic. A.Ş. (ASAŞ Alüminyum) with the Performance Standard certification for the manufacture of alumuminium flat rolled products, aluminium profile, composite panels, PVC profiles, and shutter products at its Akyazı and Karapürçek production facilities in Türkiye, and headquarters located in Istanbul, Türkiye. ASAŞ Alüminyum is in aluminium extrusion business since 1992. It produces finished and semi-finished rolled and extruded aluminium products destined for the building and construction, commercial vehicles, rail transport, aerospace, automotive, solar panel, electronics, machinery, consumer goods, lighting, and furniture. On receiving the certification, Derya Hatiboğlu, General Manager at ASAŞ, said: “We...
Vedanta Limited has added INR 2,000 per tonne to its aluminium products and aluminium ingot prices on Wednesday, January 25. That brought the company’s aluminium wire rod price to INR 251,000-258,500 per tonne versus INR 249,000-256,500 on January 21. Vedanta increased its aluminium wire rod price by INR 3,500 per tonne on January 21 to sell the product at INR 249,000-256,500 per tonne. Vedanta’s aluminium billet price has come in at INR 252,500 per tonne as of January 25 versus INR 250,500 per tonne on January 21. Vedanta’s aluminium billet price also saw a hike of INR 3,500 per tonne on January 21. Aluminium ingot price is currently hovering around 243,500-274,000 per tonne, up by INR 2,000 per tonne from INR 241,500- 272,000 per tonne. Vedanta links its aluminium ingot and aluminium...
The age-old collaboration between Sam Popa, owner of American Aluminium Extrusion, and Beloit business titan Diane Hendricks was terminated on January 16, 2023, following a total buy-out. After 22 years of shared ownership between Sam Popa and the former held by businesswoman Diane Hendricks, American Aluminium Extrusion has bought all of its holdings. American Aluminium Extrusion, based in Roscoe, Illinois, supplies aluminium profiles to the region's semitrailer manufacturing industry. As confirmed by Popa, the 22 years of shared ownership between Hendricks' business assets and Popa's portion of American Aluminum Extrusion will now be classified under Popa Holdings. The company's Roscoe and Canton, Ohio, manufacturing facilities are also included in the acquisition. American Aluminium...
It has been currently declared by General Motors (G.M.) that the company is making a US$918 million investment for its production units located in the U.S.A. From the total investment, almost US$55 million will be allotted for the G.M. Defiance plant in Ohio, which houses an aluminium foundry and a machining centre. The US$55 million investment also consists of the US$47 million required to propel the production of different block castings for application in upcoming G.M. V8 engine programs. The remaining US$8 million will be used to construct a casting development cell to aid the E.V. industry in the near future. The Ohio-based GM Defiance facility has an integrated aluminium foundry and a machining line that develops inline four-cylinder, V6, V8 cylinder blocks and inline four-cylinder...
According to the US Census Bureau data, the United States exported 24,000 tonnes of aluminium plates, sheets and bars to Mexico in October 2022, which reflected a month-on-month surge of 9,000 tonnes or 37.50 per cent. In September, the US exported 15,000 tonnes of aluminium flat-rolled products to Mexico, down by 7.98 per cent from 16,300 tonnes in August. On a year-on-year calculation, the United States FRPs export volume to Mexico in October 2022 increased by 18.23 per cent from 20,300 tonnes. During January-October 2022, the United States total exports of aluminium plates, sheets and bars to Mexico amounted to 236,000 tonnes – 5.36 per cent less than 224,000 tonnes a year ago. In October 2022, the United States total exports of aluminium plates, sheets and bars stood at 61,300 tonnes,...
German metal processing company toolcraft AG has installed a new FS422M-4 Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing machine in their Georgensgmünd facility. The laser machine has been imported from Farsoon Technologies, Changsha, China. The new FS422M-4 multi-laser device flaunts four distinctive laser or scanning systems and proudly holds a chamber size of 425 x 425 x 550 mm. The tool is elemental in the creation of high-precision aluminium components to be used in the automobile or machinery industry. The Chief Officer of Technology and Sales, toolcraft AG, Christoph Hauck, quoted: “I am positively impressed on the speed and professionalism of the Farsoon team installing the Laser Powder Bed Fusion system in our facilities in toolcraft.” “The Farsoon FS422M-4 system...
A significant fume extraction project was recently completed by the top specialists in industrial air and liquid filtration, Losma India, at a reputable aluminium alloy foundry in the city of Vadodara, Gujarat, India. The project entailed the extraction of fumes produced during the melting process of aluminium, air filtration, and the release of clean air into the atmosphere in accordance with local pollution control authority norms. Foundry operations generate significant pollutants, and local laws prohibit their untreated release into the atmosphere. Large suction fans were erected by Losma, who then used water scrubbers to filter out impurities from incoming air before releasing the clean air into the atmosphere. This was Losma India's fourth project in the field of foundry air...
This week we have witnessed various noteworthy applications of aluminium through which the non-ferrous metal is gaining global recognition as a sustainable raw material. Aluminium is considered a suitable raw material by international automobile makers, as was revealed by a study that SINTEF conducted. The automobile makers are going to use Hydro's casting technology to produce lightweight aluminium components for cars. US President Joe Biden has refused to cancel the higher tax levied on the import of Indian steel and aluminium until the "fundamental issue" of excess capacity and the gradual activities that raised the problem are solved. To cope with the emerging market prices and the upcoming recession, the Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental...
On January 20, ALRO S.A., one of the biggest vertically integrated aluminium producers in Europe, published the Trading Update Report for Q4 2022 that showcases prime data on the economic environment of ALRO Group's key performance indicators for the quarter ending on 31 December 2022 ("Q4 2022"), based on the production capability. The Preliminary Financial Results for the 31st December timestamp will be released on Monday, 27 February 2023, and the company associates will host the Financial Results Conference Call on Monday, 27 March 2023. ALRO is a sister concern of Vimetco PLC, a vertically-integrated primary and processed aluminium producer renowned worldwide. ALRO falls among the biggest vertically integrated aluminium producers in Europe, with an annual capacity of 265,000 tonnes...
On January 18, Hammerer Aluminium Industries (HAI) was awarded the Performance Standard certification by Aluminium Stewardship Initiative (ASI) for the company's extrusion facility at the Chisineu-Cris site located in Romania. This certification has been preceded by the company-owned foundries getting ASI attestations in 2020 and the Extrusion & Processing in Ranshofen being awarded the ASI Performance Standard in 2022. The HAI Group has also publicised that it has embarked on a genuine mission of reducing carbon emissions all throughout its operational units. The ASI certification of the four extrusion lines in Chisineu-Cris is another milestone for the company, as was declared by the Stewardship board itself. The COO of HAI, Markus Schober, underlined the essential points in his...
Vedanta Limited has slashed the prices of aluminium products from January 20 following a surge on the previous day. The company has cut its aluminium wire rod price by INR 9,250 per tonne or 3.5 per cent to INR 245,500-253,000 per tonne as of January 20. On January 19, the price stood at INR 254,750-262,250 per tonne, seeing an escalation by INR 11,750 per tonne from 243,000-250,500 per tonne on January 18. Vedanta’s aluminium billet price has also been reduced by INR 9,250 per tonne to INR 247,000 per tonne on January 20 after a hike of INR 11,750 per tonne on the previous day to INR 256,250 per tonne from INR 244,500 per tonne. Aluminium ingot price is not spared but cut by INR 9,250 per tonne too on January 20. Hence, the current price has come in at INR 238,000-268,500 per tonne...
The Federation of Indian Chambers of Commerce & Industry (Ficci), a non-governmental trade association and advocacy group, has reportedly figured out the necessity of higher import duty on aluminium and aluminium products. According to a report, the association has sought at least 12.5 per cent of import duty on the metal and its products in the upcoming budget for FY2023-24. The reason it has stated for the hike is a gradual surge in subpar aluminium imports into India from the United States, the United Kingdom, Malaysia, and the Middle East. According to Ficci, the move will help contain foreign aluminium product dumping and encourage domestic manufacturing and recycling. The present import duty on aluminium and aluminium products is 10 per cent, and more than 60 per cent of India’s...
The car manufacturing process could be completed with much more reduced cost, eco-friendly, and rapid with new aluminium component production state-of-art technology. Typically, aluminium is essential to reducing a car's weight, which also aids in lowering fuel consumption. The modern vehicle contains significant amounts of aluminium, and the use of metal is increasing. The casting technology was developed by the Norwegian aluminium giant Hydro and is performed under vacuum conditions. The ability to cast aluminium bolts with small diameters and excellent surface qualities has allowed the metal to be employed directly in producing parts like automotive suspension components. Cast material reduces production waste while lowering costs, improving efficiency, and improving the environment...
The family-owned private company dealing with non-ferrous metals with global headquarters in St. Louis, Missouri, Metal Exchange Corporation, has announced that Mark Butterfield has been promoted to President of Manufacturing. In his new role, Mark Butterfield will be responsible for the overall strategic, financial, commercial, organizational, and operational aspects of all manufacturing across the Pennex and Electro Cycle, Inc. brands. Matt Rohm, the President and CEO, stated, “We recently unified the management of cast and extruded products under one manufacturing division. Our goal is to leverage resources and relationships across the enterprise better. The result is improved insights, efficiency, and end-to-end Advanced Aluminum Solutions for our customers. When it came time to...
According to a senior US government official, the US government under Joe Biden will not lift the higher import taxes levied by the Trump administration on aluminium and steel products made in India until the "fundamental issue" of excess capacity and the actions that contributed to the issue are resolved. On January 17, 2023, Arun Venkataraman, the US Assistant Secretary of Commerce for Global Markets, at a media briefing in New Delhi, said Washington, on the other hand, has taken note of the visa delays caused by the Covid-19 pandemic and is doubling direct hires at its embassy in India to expedite the process. Venkataraman added Washington was upbeat about its growing economic relations with New Delhi, and Indo-US trade crossed the $160-billion threshold in 2021. Still, both...
Swisstek Aluminium Ltd. has earned the respectable ISO 50001:2018 certification for its Energy Management System (EnMS) by Sri Lanka Standards Institute, making it the first enterprise in the country’s industrial history to secure such an honour. Founded in 2019, Swisstek Aluminium, a subsidiary of Lanka Walltiles PLC, which enlists itself under the renowned Vallibel One PLC Group, has earned country-wide recognition as a frontrunner in eco-friendly production of anodised, mill-finished and powder-coated aluminium extrusions in Sri Lanka. The company is extremely committed to manufacturing innovative, high-quality, specialised aluminium products. Swisstek Aluminium can be regarded as one of the biggest aluminium profile suppliers in Sri Lanka. The company has always harboured safe and...
American Aluminium Extrusion has acquired all stocks owned by businessman Diane Hendricks after 22 years of joint ownership held by Sam Popa and the former. Located in Roscoe, Illinois, American Aluminium Extrusion provides the local semitrailer manufacturing industry with aluminium profiles. The age-long collaboration between Sam Popa, owner of American Aluminium Extrusion and Beloit business giant Diane Hendricks ended after the total buy-out was conducted on January 16. The 22 years of joint ownership by Popa's share of American Aluminum Extrusion and Hendricks's group of business holdings will now be listed under Popa Holdings, as was confirmed by Popa. The acquisition also includes the company's manufacturing units in Roscoe and Canton, Ohio. American Aluminium Extrusion successfully...
