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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Just one year after the massive fire at the factory that erupted early on April 3, 2021, Aludium resumed operation of its Alicante plant with the L2, its primary rolling mill. Given the difficulty of organising the work and the global circumstances impacting the supply of components, the repair and commissioning of the mill were completed in less than 12 months, which is a record period. The presentation of the new L2 rolling facility took place on September 15 at the Aludium plant in Alicante, with the presence of both José Ignacio Juan, director of the Alicante Aludium facility, and Manuel Campayo, business director of Siemens LDA Spain Solutions, at the press conference. The tragedy had strengthened the firm, and its new laminator is considerably safer, more effective, automated, and...
Elkem, Hydro, and Altor-owned firm Vianode, the producer of sustainable engineered battery materials, has decided to invest NOK 2 billion in its first industrial-scale facility for sustainable battery materials in Herøya, Norway. By 2024, the industrial facility in Herøya will generate enough anode graphite for 20,000 electric cars (EVs) annually. The choice is a crucial one in the process of creating a whole battery value chain in Norway for the European market. This initiative will also create new employment opportunities. Construction of the facility will proceed concurrently with plans for a second phase plant that will be scaled to provide battery materials to 2 million EVs annually by 2030, accounting for a sizeable portion of the worldwide EV market. “The global demand for...
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices, with effect from Tuesday, September 20. That followed a raise of INR 3,750 per tonne on the previous day, September 16. On September 20, Hindalco deducted its aluminium billets price by INR 3,000 per tonne to sell the product at INR 218,350 per tonne. The company’s aluminium wire rod price also saw a cut of INR 3,000 per tonne on September 20 to stand at INR 215,350 per tonne versus INR 218,350 per tonne on September 16. Hindalco’s aluminium ingot price came in at INR 204,250 per tonne on September 20, against INR 207250 per tonne last week, September 16. Hindalco Industries cut its aluminium products and aluminium ingot prices on September 20 in response to the downfall of the three-month futures...
CEFLEX, a collaborative initiative of 180 European companies representing the entire value chain of flexible packaging, has teamed up with European Foil Association and Flexible Packaging Europe to outline guidelines on flexible packaging containing aluminium foil. The manual will address critical questions on the sortability and recyclability of flexible packaging having aluminium foil, explaining technical capabilities of eddy current separation, aluminium recycling pyrolysis pathway, and advanced separation technologies. CEFLEX coordinator Graham Houlder said: “While plastic-based flexible packaging applications are predominant and an important focus, CEFLEX has always been material-neutral; working to analyse and achieve the best technical and environmental outcomes for all flexible...
Vig Metal, which completed 10 years in 2022, increased its production capacity to 40,000 tonnes thanks to new investments, including annealing furnaces, a casting line with a production width of 1500 mm, and a new, high-tech cut-to-length line with a production width of 2000 mm. Since 2012, Vig Metal, a significant manufacturer of aluminium sheets and coils in Turkey, has steadily increased its capacity. While using sophisticated cold rolling equipment and continuous casting technology, Vig Metal employs sustainable practices throughout the manufacturing cycle. The business emphasises decreasing waste at its source and managing energy and natural resources efficiently by using reuse and recycling technologies. In addition to the cost-cutting strategies employed in the plant, it invests in...
ThyssenKrupp Materials Services continues to expand in North America and plans to open a new facility for its Materials de Mexico division in San Luis Potosí. The company is investing around $37 million in a service centre in the city, which will support the future viability of the automotive supply industry, which is proliferating here. However, the new site will create jobs for around 65 employees. As a result of this step, the largest mill-independent materials distributor and service provider in the Western world strengthens its leading position in the North American market and aligns its service business with the evolving needs of its customers. Martin Stillger, the CEO of ThyssenKrupp Materials Services, said, "The needs and requirements of the industry are changing rapidly. Against...
Aluminium Stewardship Initiative has reportedly certified Press Metal International Limited (PMI) with Performance Standard V2 (2017) certification with Provisional status. Press Metal International, a subsidiary of Press Metal, has received the certificate for its casthouse, extrusion, anodizing, powder coating, PVDF and fabricated extrusion profile production facility in Foshan city, China, with an annual capacity of 160,000 tonnes. At the plant, Press Metal International designs and manufactures architectural and industrial aluminium alloy profiles, including anodized oxide profiles, electrophoretic painting profiles, powder spraying profiles, fluorocarbon spraying profiles, and anti-thermal profiles. All these extruded profiles are primarily used in the automotive, ship building,...
Vedanta Limited increased its aluminium products and aluminium ingot prices on Friday, September 16, following an intermittent fall on the previous day. According to the revised price chart revealed by Vedanta, the company’s aluminium wire rod price saw a hike of INR 3,750 per tonne to stand at INR 217,000- 224,500 per tonne as of September 16. On Thursday, September 15, the wire rod price stood at INR 213,250-220,750 per tonne after being cut by INR 4,750 per tonne from INR 218,000-225,500 per tonne. Vedanta’s aluminium billet price also experienced a rise of INR 3,750 per tonne to INR 218,500 per tonne on September 16, following a fall of INR 4,750 per tonne from INR 219,500 per tonne to INR 214,750 per tonne on September 15. Aluminium ingot price was no exception but also grew by the...
Following the announcement of Vedanta's new investment plan in Odisha for around $3 billion (INR 25000), the group is all set to build an aluminium park at Jharsuguda. An investment of $50 million (INR 400 crore) will create a special purpose vehicle (SPV) for the park's development. Initially approved by the State level single window clearance authority (SLSWCA) in 2010, the park project was held back due to land obstacles as most of the proposed land was a dense forest. According to our sources, the Industrial Infrastructure Development Corporation (Idco) had pinpointed an alternate site far off the dense forest at a distance of around five km from the aluminium smelter of Vedanta at Jharsuguda. However, Vedanta Limited has agreed to set up the park in the new location. The term...
This week the downstream sector has been alive with innovative incidents where, Greek aluminium and copper producer, Elvalhalcor, was found estimating the company’s crossover to liquefied petroleum gas (LPG) from fossil fuel (natural gas) to help de-escalate its power bill. To manufacture new battery materials with a low environmental impact in Europe, Hydro, Elkem and Altor have joined hands to support Vianode with investments. Göksal Güngör will continue to be the President of the Global Aluminium Foil Roller Initiative (GLAFRI) for another term after being re-elected during the 6th Global Aluminium Foil Roller Conference (GLAFCO) in Istanbul. Alcoa is developing A210 ExtruStrongTM and C611 EZCastTM aluminium alloys to be used in the automobile and construction sectors. Vedanta, the...
On Friday, September 16, Gerhardi AluTechnik GmbH received ASI Performance Standard V2 (2017) Certification at their facility in Luedenscheid, Germany, emphasising Material Stewardship for the manufacturing and sale of semi-finished aluminium profiles. According to the ASI statement, Gerhardi AluTechnik GmbH met with the 2017 Performance Standard (V2). The family-run business employs 70 people and creates extrusion profiles for clients in the furniture, lighting, electronics, automotive, construction, and mechanical engineering industries. “ASI congratulates Gerhardi AluTechnik GmbH on achieving Performance Standard Certification at its Luedenscheid facility. One of the key sustainability contributions of downstream users of aluminium is the assessment of their products over the life...
According to a partnership announced on April 6, Elkem would retain 40 per cent of Vianode while Hydro and Altor Equity Partners would each purchase 30 per cent. As per the latest reports, the acquisition has received approval from the competition authorities, in which Vianode will have considerable support to quicken the manufacture of new battery materials with a low environmental impact in Europe. The transaction's completion marks a significant turning point in Vianode's business development. The partners will contribute to the expected NOK 2 billion total costs of funding a first phase plant and making it ready for a prospective full-size facility through the deal. Vianode is anticipating making a decision soon on an investment in a first-phase facility. This facility will employ...
On 16th September 2022, the leader in sustainable aluminium solutions provider and world leader in aluminium rolling and recycling, Novelis Inc., observed the opening of its Customer Solution Centre (CSC) for automotive in Novi, Michigan, a suburb of Metro Detroit. The $35 million facility is part of Novelis' global network of CSCs, which are designed to speed the development of aluminium solutions through collaboration between the company and its customers and others in the value chain. Through the centres, Novelis partners with automakers and Tier 1 suppliers to maximize lightweight, high-strength aluminium in the next generation of vehicle design. Furthermore, Novelis operates automotive CSCs in Stuttgart, Germany, and Shanghai, China, to the facility in Novi. Philippe Meyer, Senior...
On Wednesday, September 14, Aluminium Stewardship Initiative announced the joining of Zhejiang Huashuo Technology Co., Ltd as its new Production and Transformation member. Zhejiang Huashuo Technology Co., Ltd. is based in the Beilun district of Ningbo City, Zhejiang province of China, and is dedicated to providing semi-solid forming solutions and lightweight aluminium alloy die-casting parts for new energy vehicle batteries, motors, and electric control systems. It is currently the world's largest motors supplier for significant new energy vehicles and inverter and battery components. In the meantime, they also provide solutions and die-casting goods for lightweight automobile structural components. Additionally, they are working together on MEGA super big die-casting with the primary new...
Hindalco Industries Limited has slashed its aluminium products and aluminium ingot prices, with effect from Thursday, September 15, following a raise on September 10. Hindalco’s aluminium wire rod price has been reduced by INR 4,750 per tonne or 2.17 per cent to sell the product at INR 214,600 per tonne on September 15 onwards. Aluminium billets price has also experienced a cut of INR 4,750 per tonne on September 15 to INR 217,600 per tonne, following an increase of INR 2,000 per tonne on September 10 to INR 222,350 per tonne. Hindalco’s aluminium ingot price is no exception but seen a cut of the same amount to stand at INR 203,500 per tonne versus INR 208,250 per tonne last week. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on...
The Greek leader in aluminium and copper production, Elvalhalcor, is evaluating the changeover from fossil fuel (natural gas) to liquefied petroleum gas (LPG) to help hinder its escalating power bill, as stated by the company on 14th September 2022. Spyros Kokkolis, the CFO, said, "Elvalhalcor has facilities in Greece, Bulgaria, Turkey, and the Netherlands and exports most of its products abroad. The company uses gas to melt aluminium and copper, among other activities." "We're examining the scenario of using LPG. However, it's a lengthy process, and it's not something we can do very soon", he added. “Depending on parts availability and installation time, it may take six months for a company to switch over.” In response to the Russia-Ukraine geopolitical, Western sanctions forced Russia...
After remaining stable through the first half of 2022, operating rates of China’s molten aluminium casting billet enterprises declined in July and August, attributing to the decline in orders from downstream aluminium extruders, recurrence of the COVID-19, and power rationing in some areas. SMM survey found the average operating rates of domestic molten aluminium casting billet enterprises dropped by 3.51 percentage points M-o-M to 67.84 per cent in August 2022. The decline was contributed by central, east, and south-west China, with average operating rates fell 6.47 percentage points in east China, owing to poor demand in Shandong, which made many local billet factories and traders shift cargoes to Jiangsu, Zheijiang, and other regions. In addition, the rising cost of aluminium billets...
On September 13, Alcoa declared that it is currently developing new aluminium alloys, named A210 ExtruStrongTM and C611 EZCastTM, to further optimise its supply division and establish itself as a successful American alloy provider. Among the two latest discoveries, the company has introduced a new high-strength, 6000 series alloy, A210 ExtruStrongTM, proving to be beneficial across a varied range of extruded solutions, like construction, transport, consumer goods and the industrial sector. The other aluminium alloy has been named C611 EZCastTM alloy, a high-performance material that does not need any specific heat therapy. The C611 EZCastTM alloy has been widely acknowledged this week, winning an international award at the 2022 International Die Casting Competition in Lexington that was...
