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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The Romanian window and door maker Casa Noastra, owner of the QFort brand, is planning to broaden its capacity and range of products by building a new EUR 20 million aluminium profile manufacturing unit near the southern city of Craiova, Dolj County. This will enable the company to compete domestically and abroad in countries like Italy, France, Austria, Germany, Switzerland, the Netherlands, Belgium, and Spain, where it conducts business. More than 200 employments will be created by the new facility. Casa Noastrar received EUR 9 million as state funding from REI Grup in 2020 for this project. Beginning in 2020, a funding agreement for state help was secured, and over the last two years, expenditures have been made in the construction of the hall and the acquisition of equipment....
Equispheres Inc. nurtures the blissful minds behind all innovations introduced in transforming the additive manufacturing industry. Recently, it partnered with Morf3D to discover new high-performance aluminium powders that enhance the performance and productivity of the metal additive manufacturing (AM) sector. The alliance will try to develop and curate newer high-performance aluminium powders to generate better utilisation points to enhance product performance, depending on recent needs. Morf3D is located in California and is an expert in creating, installing and activating technology systems for greater volumes of additively manufactured items designated for the defence, aviation and space industries. The Vice-President – Product & Strategy for Equispheres, Evan Butler-Jones,...
On Thursday, December 1, Odisha Chief Minister Naveen Patnaik reportedly laid the ground for Vedanta’s mega aluminium park at the Make in Odisha, 2022 Conclave by pressing the button in the presence of the company’s chairman Anil Agarwal. The Vedanta Aluminium Park, once developed, will be one of India’s largest metal parks, spread over 253 acres at Jharsuguda, said Agarwal. The project is a joint venture between Vedanta Aluminium and the Odisha Industrial Infrastructure Development Corporation. According to Rahul Sharma, CEO of Vedanta Aluminium, the proposed park will be a world-class industrial facility, accommodating companies manufacturing units. Companies present at the park will be allowed to draw molten aluminium from Vedanta’s smelter at Jharsuguda. Vedanta’s aluminium smelter at...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices, with effect from November 30, following three back-to-back cuts on November 24, 25, and 29. Among Hindalco’s products prices, aluminium billets price has experienced a lift of INR 2,250 per tonne or 0.98 per cent to come in at INR 234,600 per tonne. On November 29, the price stood at INR 232,350 per tonne, seeing a cut of INR 2,500 per tonne from INR 234,850 per tonne on November 25. Hindalco’s aluminium wire rod price has also been raised by INR 2,250 per tonne, with effect from November 30, to INR 231,600 per tonne. Similar to the billet price, the company’s aluminium wire rod price on November 29 also saw a cut of INR 2,500 per tonne from INR 231,850 per tonne to INR 229,350 per tonne....
Vedanta Limited has increased its aluminium products and aluminium ingot prices following back-to-back cuts on November 24, 25 and 29. On Wednesday, November 30, Vedanta has hiked its aluminium wire rod price by INR 2,000 per tonne to sell the product at INR 228,750-236,250 per tonne. Aluminium billet price currently stands at INR 230,250 per tonne, up by INR 2,000 per tonne from INR 228,250 per tonne recorded on the previous day. With the latest hike on November 30, Vedanta's aluminium ingot price has shown no exception but has grown by INR 2,000 per tonne to settle at INR 221,250-252,250 per tonne. Vedanta has lifted its aluminium products and aluminium ingot prices on November 30 in response to the rise of the three-month futures of aluminium on the London Metal Exchange. On November...
In August 2022, the United States aluminium plates, sheets and bars exports to Canada grew by 3,800 tonnes or 18.18 per cent month-on-month to log at 24,700 tonnes, found the US Census Bureau data. In July 2022, the export volume from the US to Canada was 20,900 tonnes – only 800 tonnes more than 20,100 tonnes in June. However, the figure in June decreased by 3,500 tonnes or 14.83 per cent from 23,600 tonnes. On a year-on-year basis, the United States aluminium plates, sheets and bars exports to Canada edged a 7.14 per cent fall from 26,600 tonnes. From January to August 2022, the United States exported 175,000 tonnes of aluminium plates, sheets and bars to Canada versus 203,000 tonnes. That indicated a year-on-year fall of 13.79 per cent in the United States aluminium flat rolled...
The additive manufacturing (AM) industry faces multiple problems during the research and development phase of any product for which it is trying hard to acquire better raw materials for the process. SLM Solutions and Elementum 3D have forged a partnership wherein the agencies will develop premium aluminium alloys 2024 and 6061 or aerospace grade 7050 and 7075 by 2023. Currently, SLM announced the latest procurement of the NXG XII 600E along with a flexible manufacturing solution to deal with the difficulties faced by the AM industry related to building envelope limitation. Despite everything, the lack of preferable materials still prevails and is the most critical hurdle in producing precision-engineered AM components. The aviation industry puts forward a major requirement for AM...
Vedanta Limited further curtailed its aluminium products and aluminium ingot prices for the second day in a row, with effect from Friday, November 25. Vedanta cut its aluminium wire rod price by INR 1,750 per tonne to sell the product at INR 229,250-236,750 per tonne versus INR 231,000-238,500 per tonne on November 24. The cut on November 25 brought the company’s aluminium billet price to INR 230,750 per tonne compared to INR 231,000-238,500 per tonne on November 24. Vedanta’s aluminium ingot price also saw a trim of INR 1,750 per tonne on November 25 to stand at INR 221,750-252,750 per tonne from INR 223,500-254,500 per tonne the previous day. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metals Exchange, which...
The downstream portion of the global aluminium industry, which transforms aluminium into manufacturing feedstock, is its most important component. This week, the downstream sector of the aluminium industry witnessed limited but prominent events. According to the European Aluminium Foil Association (EAFA), supplies of aluminium foil decreased slightly year over year in the third quarter of 2022 to 237,800 tonnes but increased year over year (YTD) by 0.4 per cent. A US$45 million investment plan has been announced by General Motors for its Bedford aluminium die-casting factory in Indiana. According to a press release issued by the company, the investment will only be used to increase GM's production capacity of aluminium unit castings that meet EV specifications to meet the growing demand...
All the global additive manufacturing advancements were on display during the international exhibition, Formnext 2022. Amidst everything, a Memorandum of Understanding (MoU) was signed between Luxembourg-based AM 4 AM and R&D solutions provider Pint, France. A proposal was designed that the companies would together create prototypes made of HiPerAl, AM 4 AM’s flagship high-strength aluminium alloy designated for laser-induced additive manufacturing processes. The CEO and founder of AM 4 AM, Maxime Delmée, exemplified: “With the release of HiperAl this end of the year, we were looking for a partner to complete the entire value chain from customers ideas to the final prototypes. Pint, with their expertise in processing uncommon materials, attracts our attention, and we recognise their...
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices for two successive days – November 24 and 25. As per the data, on November 25, Hindalco trimmed its aluminium wire rod price by INR 2,000 per tonne from INR 233,850 per tonne to INR 231,850 per tonne. As per the data, Hindalco’s aluminium billets price closed at INR 234,850 per tonne on November 25 from INR 236,850 per tonne a day before. Today, the price has recorded a deduction of INR 2,000 per tonne. Aluminium ingot price has also been reduced by INR 2,000 per tonne on November 25 to halt at INR 220,750 per tonne. On November 24, the price had settled at INR 222,750 per tonne, down by INR 2,500 per tonne from INR 225,250 per tonne on November 23. Hindalco Industries has back-to-back cut its...
Shantou Wanshun New Material Group, a Chinese manufacturer of paper packaging materials, announced that one of its divisions, Anhui Zhongji Battery Foil Technology, will be supplying lithium battery aluminium foil to Contemporary Amperex Technology (CATL). Formerly known as Shantou Wanshun Package Materials Stock Co. Ltd, the business specialises in developing, producing, and distributing aluminium foil, functional film, and paper packaging materials. The agreement is expected to run from January 2023 to December 2026. The amount of the supply will be at least 320,000 tonnes overall. Following precise orders, the company will determine the ultimate supply and pricing. Chinese battery maker Contemporary Amperex Technology Co. Limited (CATL) was established in 2011 and focuses on producing...
Founded in 1946, Florida-based Keymark Corporation has designed a $36 million investment plan to add a 76,326-square-foot expansion unit at 3155 Drane Field Road, housing an auxiliary line of equipment. This investment will also enhance the company’s prevailing units at Knights Station and George Wheeler roads. Keymark Corporation makes aluminium pressure die-casted components that are created by thrusting heated aluminium through a die. These aluminium components are then shipped to be utilised in the automotive, electrical, machinery, transportation, construction and other commercial sectors. The Lakeland manufacturing enterprise has asked for a US$400,000 grant via the city’s Economic Development Infrastructure Incentive Program to meet the recurring costs. Keymark claims that this...
After revising aluminium prices for three consecutive days from November 17 to 19, Hindalco paused for two days and then cut both its aluminium products and aluminium ingot prices, with effect from November 22. Hindalco curtailed its aluminium wire rod price by INR 2,000 per tonne to sell the product at INR 231,850 per tonne. Previously, on November 19, the wire rod price saw a rise of INR 2,500 per tonne from INR 231,350 per tonne to INR 233,850 per tonne. Hindalco’s aluminium billets price was also reduced by INR 2,000 per tonne on November 22 from INR 236,850 per tonne on November 19 to INR 234,850 per tonne. Aluminium ingot price was no exception but saw a cut of the same amount on November 22 to stand at INR 220,750 per tonne versus INR 222,750 per tonne on November 19. Hindalco...
Aluminium foil deliveries have registered a slight year-on-year dip of 0.3 per cent for the third quarter of 2022 to 237,800 tonnes but recorded a year-to-date (YTD) increase of 0.4 per cent than a year ago, showed the European Aluminium Foil Association (EAFA). During July-September, aluminium foil deliveries exhibited a strong performance across all markets, well ahead of comparative figures for 2020 when the COVID-19 impact was in full swing, and 3.6 per cent more than 2019 pre-pandemic levels, according to the association. Demand for thicker gauges, used for semi-rigid containers, technical or other applications, declined by 4.1 per cent during Q3 and 2.7 per cent YTD, owing to a slowdown in home food deliveries. In contrast, exports of aluminium foils outside Europe rose 1.3 per cent...
General Motors has declared a US$45 million investment plan for its Bedford aluminium die-casting foundry in Indiana. As it was stated in a press release published by the company, the investment will be solely dedicated to expanding GM's production capacity of EV-specified aluminium unit castings to suffice with the emerging demand for GMC Sierra EV and Chevrolet Silverado EV standardised pickups. The Vice President- Manufacturing and Labour Relations of General Motors, North America, Phil Kienle, stated that the Bedford operation is one of the most renowned aluminium die-casting facilities globally, and this auxiliary investment would catapult the Bedford team and their intensive labour to the desired success levels. "The investment helps build job security for our Bedford team for years...
Oman Aluminium Rolling Company (OARC), a well-known manufacturer of aluminium sheets in Sohar, and Oman Oil Marketing Company (OOMCO), the leading marketer and distributor of multi-sector fuel and lubricant products, have inked a contract for the delivery of green biofuel blends. In a cooperation that will help reduce OARC's carbon impact, this arrangement makes OOMCO the first gasoline marketer to offer biofuel in the Oman market and OARC the first corporation in Oman to adopt such economically and environmentally responsible B5 Biodiesel by OOMCO. Wakud International (Wakud) will produce renewable green fuel at its biodiesel facility in Barka's Khazaen Economic City. An Omani SME, Wakud, uses biofuels from recycled cooking oils in Oman's hospitality sector. Tarik Al Junaidi, the Chief...
AlCircle’s “ Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027 ” report is available on our website; please click on the link below for full information. EGA has reached a milestone in aluminium production by completing the supply of 40 million tonnes of hot metal since the start of its operations in 1979. One of the largest suppliers of aluminium sheet, plate and extrusions in the United States, Arconic declared that it has accomplished selling Promishlennie Investitsii LLC, the main shareholder of VSMPO-AVISMA Corporation, 100 per cent of its Russian operations for a cash bid of $230 million. Novelis has been anointed as a strategic partner to the global robotics organisation, FIRST to help it with operational insights. AlCircle recently...
