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 lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium billet price mounted to INR 244,500 per tonne, compared with INR 240,000 per tonne two days earlier. Vedanta’s aluminium ingot price ranged between INR 235,500- 266,000 per tonne, 2 per cent more than INR 231,000- 261,500 per tonne. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which grew by US$64 per tonne or 2.62 per cent from US$2,447 per tonne to US$2,511 per tonne on January 12. Vedanta's aluminium...
The Guyana Manufacturing and Services Association (GMSA) and India's NBR Cooling Systems Pvt Ltd signed a Memorandum of Understanding (MoU) on Thursday, January 12, establishing a new manufacturing/assembly facility in Guyana that will concentrate on the engine cooling systems for motor vehicles. This agreement will also see the Indian corporation invest about $1 million in Guyanese companies. Transferring, manufacturing and assembling technology for radiator condenser and charge air cooler from India to Guyana would be part of the business framework. The framework will also include the production of radiator condensers and charge air coolers made of aluminium, copper, and brass; importing all the equipment and raw materials needed to produce charge air coolers and radiator condensers;...
In December 2022, the average operating rate of aluminium extruders recorded a month-on-month drop of 1.4 percentage points and a year-on-year decline of 14 percentage points to stand at 36.5 per cent, found the Shanghai Metals Market data. The average operating rate of large enterprises was 37.8 per cent, mid-sized companies 35.8 per cent, and small firms 20.5 per cent. The construction aluminium extrusion sector’s operating rate dipped 1.7 percentage points from the previous month to peg at 32.6 per cent, which on a yearly basis decreased by 18.6 percentage points. The industrial aluminium extrusion sector fell 1.3 percentage points month-on-month but rose 2.2 percentage points year-on-year to come in at 52.3 per cent. The average operating rate of aluminium extruders declined in...
The Downstream sector had a lot to offer this week, with Hindalco Industries placing a purchase order for three state-of-the-art extrusion lines from Presezzi to be developed and optimised by 2022 and 2023. While the first line is active in Hindalco’s production space, the company is yet to supply the other two lines. Constellium, on the other hand, bagged a supply agreement to provide aluminium flat-rolled products to Daher, a French aircraft manufacturer. LS Cable & System Ltd., known among the world’s largest cable manufacturers, and LS Alsco, its subsidiary for aluminium materials, successfully yielded a new aluminium alloy that can replace copper wire. The American Aluminum Association immediately segregated this element, tagging it as AA8031 aluminium alloy. Hindalco, one of the...
LS Cable & System Ltd., one of the world’s largest cable manufacturers, and LS Alsco, it's subsidiary for aluminium materials, developed a new aluminium alloy that can take the place of copper wire. This new high-strength aluminium alloy also received a unique alloy number AA8031 from the American Aluminum Association. The new aluminium materials will be provided for electric cars and wind turbines. The inflexibility and fragility of traditional aluminium were overcome by the AA8031. It is 40 per cent stronger and more flexible than current aluminium goods. Additionally, it has lessened the drawback of declining conductivity, a characteristic that happens when aluminium strength is increased. The new aluminium alloy is anticipated to progressively replace copper in businesses like...
Norsk Hydro's Taicang plant in China has bagged the ASI Performance Standard certification that revolves around responsible production, sourcing and stewardship of aluminium. The certification attests to the company's extrusion and fabrication activities in the Chinese territory. The Taicang plant currently flaunts almost 370 working professionals and is situated only one hour north of Shanghai. Hydro shifted its fabrication operations to Taicang in 2020, after a prolonged 20 years of continuous yield in Shanghai, to focus more on sustainable business development. The Vice President of Hydro Precision Tubing Asia, Jeff Lehman, exclaimed: "The process leading to this achievement reflects a very strong collaboration between our departments and an outstanding group of dedicated and...
To scale up production capacities and adequately meet the increase in demand, the Aluminium Association of India (AAI) said on Tuesday that an investment of roughly INR 4 lakh crore would be needed. By 2030, India's demand for aluminium will increase exponentially from the current 4 million tonnes per annum (MTPA) to 10 MTPA. Representatives of the aluminium sector have requested government assistance to support this difficult time as they face difficulties from increased foreign imports, a shrinking market share, and rising prices. The high cost of obtaining raw materials is a significant barrier to luring new investments, according to the companies that make aluminium. "This is stifling the development of the aluminium sector, including the domestic scrap landscape," said AAI. According...
Constellium, a global leader in the development, manufacturing, and recycling of aluminium products, will reportedly supply a wide range of aluminium flat-rolled products to Daher, a French aircraft manufacturer. The news came after Constellium announced on January 10 that it entered into a multi-year aluminium product supply agreement with Daher. This new agreement expands Constellium’s customer profile for business and regional jets. The global aluminium manufacturer will provide flat-rolled products to Daher, particularly for its TBM and Kodiak aircraft. The aluminium product will come from Constellium’s Issoire (France) facility. Under the new contract, Constellium and Daher have agreed to work together on joint supply chain initiatives and product development. The former will assist...
The groundbreaking ceremony for Aluminium Dynamics, one of the biggest economic development projects in western Lowndes County, is expected to occur in early March. Along with many co-locating clients, the $2.5 billion aluminium mill will be situated close to the Golden Triangle Regional Airport, and Steel Dynamics will own the plant. Activities on the site are expected to start within the next few weeks. Over seven years, 1,000 jobs will be produced at the mega site in addition to spin-off positions. Additionally, permits can be completed by the spring, and tree removal can start in a few weeks. As part of the agreement, the Golden Triangle Development Link (GTR) will also cooperate with the Lowndes County Board of Supervisors to start $25 million worth of road construction close to the...
Hindalco, one of the world’s most integrated Aluminium Product Producers, has placed the order for three state-of-the-art extrusion lines with Presezzi to be delivered and commissioned during 2022 and early 2023. Despite severe supply chain disruptions, Presezzi delivered the first extrusion line on time and commissioned it ahead of schedule. Hindalco recognized this feat by Presezzi at its “Partners Meet” held in December 2022 in Mumbai, India. Mr Satish Pai, Managing Director, presented the award to Mr Valerio Presezzi, Founder and President of Presezzi Extrusion. While presenting the award during the event, Mr Pai commented, “Recognizing Presezzi for their outstanding commitment and partnering with Hindalco for supply and commissioning of state-of-the-art Extrusion line despite supply...
Hindalco Industries Limited has cut its aluminium products and aluminium ingot prices for the third time in a row since the year 2023 began. With effect from Saturday, January 7, Hindalco has trimmed its aluminium wire rod price by INR 1,500 per tonne from INR 226,600 per tonne to INR 225,100 per tonne. Hindalco’s aluminium billets price has also seen a cut by the same amount to come in at INR 228,100 per tonne versus INR 229,600 per tonne as of January 5. The company’s aluminium ingot price stands at INR 214,000 per tonne, with effect from January 7, down by INR 1,500 per tonne from INR 215,500 per tonne on January 5. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which slipped by US$27.50 per tonne...
This week noted some crucial developments in the aluminium downstream industry, from Craftsman Automation Ltd.’s investment announcement of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt to Kaiser Aluminium’s 2021 Sustainability Report. Besides, Romanian aluminium components manufacturer Altur declared that it authorised the filing of insolvency proceedings and intended to restructure the company’s operations. Also, Xingfa Aluminium Holdings purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development. According to a report last week, Craftsman Automation Ltd., a leading aluminium components producer from India, declared an investment of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt, another aluminium...
The Romania-based aluminium components manufacturer of cars, Altur's board of directors, stated it authorized the filing of insolvency proceedings and intended to restructure the company's operations. On January 3, 2022, the company said during the Bucharest Stock Exchange filing that it applied to the Olt County court to initiate insolvency proceedings. Furthermore, Altur declared in court its intention to restructure the company's activities in accordance with a reorganisation plan. According to the recent data revealed on the nation’s finance ministry’s website, the company recorded a turnover of 103.8 million lei and a net profit of 3.2 million lei in the first three quarters of 2022, compared to a net loss of 3.4 million lei in the same period the previous year. The company made a...
Craftsman Automation Ltd., a leading aluminium components producer from India, has declared an investment of INR 3.75 billion to purchase a 76% share in DR Axion India Pvt, another aluminium automotive parts-making firm in Tamil Nadu. This was revealed in an exchange filling, and it is estimated the move will yield positive results. Craftsman technically excels in producing high-pressure die castings, low-pressure die castings, gravity die castings and aluminium sand castings for its customer base. The company gives complete assurance of specially formulating each die-casted component into a ready-for-assembly item. Craftsman Automation also is an expert in developing precisely engineered lightweight aluminium components for the automotive industry or the construction sector. DR Axion is...
Xingfa Aluminium Holdings, one of the leading aluminium extrusion profile manufacturers in China, has finally purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development, an importer and exporter of kitchen and bathroom fixtures and accessories. Earlier in December 2022, Xingfa had stated its intention to acquire the 4 per cent equity interest. The producer of aluminium goods completed the transaction through Guangdong Xingfa Aluminium, a subsidiary. Equity interests were purchased from Guangdong Guangxin Holding Group for RMB 27.5 million. According to a report made on Wednesday, Guangdong Guangxin Holding currently owns 91 per cent of the target, followed by Guangdong Advertising Group with 5 per cent ownership and Guangdong Xingfa Aluminium with 4...
Hindalco Industries Limited has revised its aluminium products and aluminium ingot prices for the first time in the New Year. With effect from Wednesday, January 4, Hindalco has cut its aluminium products prices by INR 3,000 per tonne or 1.27 per cent, bringing the aluminium wire rod price to INR 234,100 per tonne versus INR 237,100 per tonne on December 30. Hindalco’s aluminium billets price has come in at INR 237,100 per tonne, compared to INR 240,100 per tonne last week. Showing no exception, Hindalco’s aluminium ingot price has also shrunk by INR 3,000 per tonne to reach INR 223,000 per tonne versus INR 226,000 per tonne on December 30. Hindalco has cut its aluminium ingot and aluminium products prices in line with a fall of the LME aluminium benchmark price by US$34 per tonne or 1.43...
On Tuesday, January 3, OpenGate Capital, a global private equity firm, announced the joining of Mr Edouard Guinotte as the President and Chief Executive Officer of Aluminium Solutions Group (ASG). ASG is a brand-new organisation established in September 2022 through the acquisition of OpenGate Capital portfolio businesses Aluminium France Extrusion (AFE) and Extrusiones de Toledo (EXTOL). Guinotte was the Chairman and CEO of Vallourec Group until March 2022, a pioneer in seamless steel pipe for the energy and industrial industries, before joining ASG. Guinotte held many operational and functional responsibilities at Vallourec over his 25-year career in France and abroad. With this, he is looking forward to using his expertise and drive to establish ASG as a new front-runner in the...
On December 29, great news came floating from Navratna CPSE National Aluminium Company Limited (NALCO) as the company formally confirmed the launch of a new downstream element in coil form - Aluminium LED Cap stock in Alloy AA1100 with temper H12. Aluminium LED Cap stock in Alloy AA1100 is usually applied in the production of aluminium cups that act as heat sinks when attached to LED bulbs in the shape of small caps. Aluminium is the perfect non-ferrous metal with the required properties for this job. But Aluminium Alloy AA1100 flaunts higher conductivity than the contemporary aluminium concoctions, thus making it the perfect material for creating LED bulb caps. The launch of this latest aluminium alloy product will augment NALCO’s position in the downstream aluminium sector, enhancing...
