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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Göksal Güngör will continue to be a President of the Global Aluminium Foil Roller Initiative (GLAFRI) for another term as being re-elected during the 6th Global Aluminium Foil Roller Conference (GLAFCO) in Istanbul. Alexander Dörsel of Speira (Europe), Patrick Lawlor of Gränges (USA), and Simon Chan of Xiashun (Asia) are re-elected as vice presidents by the General Assembly, and they will continue to serve on the GLAFRI Board. Mr Güngör also serves Assan Alüminyum as General Manager. For being re-elected in the position of President, he expressed his gratitude and said, “I am honoured and delighted to be re-elected as President of GLAFRI. Together with my colleagues on the Board, we will continue with many exciting projects, and we will kick-off new initiatives.” He also said that the...
UK’s superior aluminium extrusion provider, Capital Aluminium Extrusions Ltd. or Capalex in short, is planning to expand its business further with a £500,000 investment at its Cleator Moor manufacturing site. The company’s facility in West Cumbria currently has an employee list containing at least 50 names. With this investment, Capalex wishes to increase its capacity and strengthen the prevailing methodologies on site. The company has already made vast investments to acquire robotics technology and, at this moment, is adding more machines to its site from where Capalex conducts foreign trade. Capalex’s aluminium extrusions are sent worldwide to countries beyond Europe, the USA and South-East Asia and, obviously, its home ground, the UK. Capalex is a one-stop solution for aluminium...
The European Aluminium Foil Association said that while exports continued to fall at -15%, European aluminium foil deliveries for containers and technical applications stabilised in H1 2022. (EAFA). According to EAFA statistics, the continent's overall demand for aluminium foil increased in the first half of 2022 by 0.7% to 494,000 tonnes from 490,300 tonnes in H1 2021. In the West Midlands, the industrial hub of the UK, one of the top aluminium facilities, Alucast, stepped in to reap the benefits of "servitisation," a practice wherein a business can directly include consumers in its revenue collection by providing them with some fee-based service. MetLase, an engineering company in Yorkshire, collaborated with the Advanced Manufacturing Research Centre (AMRC) to significantly reduce the...
One of the biggest aluminium distributors in the Midwest, Howard Precision Metals, Inc., has been acquired by Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals. Howard, based in Milwaukee, Wisconsin, specialises in value-added processing services, such as the distribution of saw-cut extruded aluminium bars and high-quality, precision-cut aluminium plates. "Building on our legacy of over 90 years in the industry, Howard is excited for this opportunity to grow our brand and business with a company that shares our values and commitment to customers. We look forward to continuing to provide excellent service to our customers as a member of the Ryerson Family of Companies,” said Mark Howard, President of Howard. Ryerson is a well-known...
Aludecor, a quickly popularising metal composite panel brand from India, honoured the country's Corporate Signage Industry heads in a current industrial event held at the City Luxury Hotel in Delhi. Aludecor has been serving the Indian sub-continent with aluminium composite panels (ACP) for the past twenty years with a signage market size valued at INR 1,200 crores and a premium clientele base consisting of names like HPCL, BPCL, IOCL, Reliance Jio BP, Maruti Nexa, Kia Motors and many more. This is the first initiative by any firm to recognise the contributions of the corporate signage categories creating a benchmark in the area. Aludecor's ACP-making segment has grown exponentially in the past three years, recording a CAGR of 30 per cent. With the advent of new metro stations, airports...
Panoramic Growth Equity has supported the Lisburn-based stockholding firm, Aluminium & Plastic Solutions (APS), which sells PVCu and aluminium materials to the building sector. With this agreement, Panoramic has now made two investments in Northern Ireland. APS was founded in 2000 and specialises in architectural aluminium glazing solutions for residential and commercial structures. The firm also carries a variety of windows, doors, louvres, roof lanterns, rainwater systems, aluminium and steel sheets and extrusions, and aluminium and PVC fascias. Alan Denver and Ivan Bradford, two of the initial stockholders, were able to leave their operational positions at APS thanks to Panoramic's investment. "Chris and I are delighted to have been backed by Panoramic and believe they will be a strong...
Hindalco Industries Limited has continued to reduce its aluminium products and aluminium ingot prices, with effect from Wednesday, September 7, in response to the relentless downfall of the LME aluminium benchmark price. Hindalco has cut its aluminium billets price by INR 2,500 per tonnes or 1.12 per cent to INR 221,350 per tonne. Hindalco’s aluminium wire rod price has also experienced a cut of INR 2,500 per tonne to stand at INR 218,350 per tonne on September 7 versus 220,850 per tonne on September 2. With the latest cut, the company’s aluminium ingot price is standing at INR 207,250 per tonne, in contrast to INR 237,850 per tonne last week. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
Sumitomo Electric Industries, Ltd. decided on July 2022 to upgrade its 'ALNEX ANX Series' with a new WS Type wiper blade that uses a chemical vapour deposition (CVD) single-crystal diamond 'SUMICRYSTAL V SCV10' as its cutting edge. This will enable the organisation to produce high-quality surface finish aluminium components for the automotive, electronics, energy and industrial sectors. Sumitomo's high-efficiency cutter for aluminium alloys, the ALNEX ANX Series, upon installation of the single-crystal diamond at its cutting edge, can successfully produce burr-free mirror finished products, giving the company an advantage over its competitors. With the upgradation, Sumitomo has also expanded its product line-up. In the last few years, the automotive industry has been looking for ways to...
One of the UK's leading aluminium facilities, Alucast, located in the West Midlands, the country's industrial core, has stepped in to harvest the fruits of 'servitization', a process by which a company can directly involve customers in its revenue collection by offering them some chargeable service. The company foretells this might increase their earnings by 10 per cent resulting in an additional £800,000 turnover by customers accessing one-off services. Alucast has enhanced its CNC machining capability to provide five-axis machines and less-destructive testing methods that include dye-penetrant testing and X-Ray. The company's Wednesbury facility has an employee list of 100 people, and the list is expanding. Alucast claims the £500,000 investment for new technology in the above factory...
European aluminium foil deliveries for containers and technical applications returned to stability in H1 2022 , though exports continued to decline at the rate of -15%, revealed the European Aluminium Foil Association (EAFA). EAFA data also showed the overall demand for aluminium foil in Europe grew in the first half of 2022 by 0.7 per cent to 494,000 tonnes versus 490,300 tonnes in H1 2021. Demand for thicker gauges, used for semi-rigid containers, technical or other applications, rose in the second quarter of 2022 after fluctuating through Q1 2022. That resulted in increased deliveries in the first six months of 2022 ended June 30, finishing at just below 2 per cent from the same period last year. Thinner gauges, used for flexible packaging and household foils, saw 2.2 per cent growth...
Vedanta Limited has slightly stretched its aluminium products and aluminium ingot prices, with effect from September 3, following a slash on the day before. As per the revised price list revealed by Vedanta, the company’s aluminium wire rod price has come in at INR 220,750-228,250 per tonne, up by INR 1,250 per tonne from INR 219,500-227,000 per tonne on September 2. Vedanta’s aluminium billet price has also been increased by INR 1,250 per tonne, with effect from September 3, from INR 221,000 per tonne to INR 222,250 per tonne. Aluminium ingot price is ranging between INR 213,250-242,750 per tonne since it has seen a rise from INR 212,000-241,500 per tonne. Vedanta, like any other Indian aluminium companies, generally links its aluminium ingot and aluminium products prices to the...
As part of the company's hydrogen competence centre in Munich, BMW AG's Chairman of the Board of Management Oliver Zipse and Frank Weber, BMW AG's Member of the Board of Management for Development, inaugurated fuel cell system production on 31 August. It marks the beginning of the global testing and demonstration of the BMW iX5 Hydrogen car for the end of this year. Adding fuel cells and high-performance batteries to the company's portfolio will add a unique form of the drive system for the premium segment to the company's portfolio. As a pioneer in this technology, BMW is pursuing a diversified transition to zero-emission mobility. On 31 st August 2022, Oliver Zipse stated in Munich, “As a versatile energy source, hydrogen has a key role on the road to climate neutrality. And it will...
Yorkshire-based MetLase is an engineering specialist that has worked with the Advanced Manufacturing Research Centre (AMRC) to revolutionise the making of crucial aerospace parts by cutting down the weight of the components by 12 per cent. The creation of these components would require 7000-grade aluminium, which has extreme internal residual stress and warps while machining. MetLase has 30 employees present at its high-end facility in Rotherham and has worked immensely hard with AMRC to run trails for the research suggesting the application of smart positioning to ‘lightweight’ structural airframe components. The company will use its expertise along with its MetElements hardware and software protocol. A row of distance sensors has been installed within the existing fixturing of a...
Caribbean Blinds, a window and door maker based in Sadbury, England has added some extra ground to gain a cumulative floor space of 30,000 sq ft to enhance the production of their flagship premium external shading system made of aluminium. The 10,000 sq ft upgradation would be utilised for hoarding the products or cutting them into profiles, aluminium extrusions and steel tubes of the desired shape. The existing part of the factory will be totally utilised for manufacturing the end products with an increased capacity of 10,000 external shading systems each year. The amalgamation of higher stock levels countered with enhanced production stations will amount to a decreased manufacturing time which would be of great value for the months of summer when the demand peaks. The Managing Director...
The downstream sector has seen major advancements this week with Sistem Teknik installing a homogenising furnace at the former Alcoa smelter at Portoscuso, Italy which is presently owned by Sider Alloy Italia. This will enhance the billet forging process due to the incorporated electric heater cassettes and fans while saving major capital investment. Effective from September 1, Vedanta has cut down its aluminium wire rod price by INR 3,250 per tonne which has been an extreme hit and is the result of downgrading LME aluminium prices. The Swiss National Bank single-handedly raised Kaiser Aluminium’s shares by 7.4 per cent with the purchase of 2,600 additional stock shares of the company, closing in at 37,500 shares in all, costing US$3,531,000. Alcoa’s old smelting unit, situated at...
On Thursday, September 1, China’s aluminium billet inventories descended by 500 tonnes or 0.41 per cent W-o-W to settle at 119,700 tonnes. All the other regions showed a decrease in inventory, except Foshan. Following the drop in aluminium prices, some small-scale restocking activities were noted. The stockpile of aluminium billets is not anticipated to decrease, given that downstream business orders have not significantly improved. The figure below provides further information on the current state of aluminium billet inventories in China: The inventory in Foshan grew by 3,900 tonnes or 5.46 per cent to settle at 75,200 tonnes from 71,300 tonnes recorded last week. On the other hand, the inventory in Huzhou plunged by 3,000 tonnes or 5.78 per cent, to stop at 16,000 tonnes. In Changzhou...
In a novel breakthrough, University of California scientists have developed a special aluminium alloy that produces hydrogen at room temperature by reacting with water. Aluminium is a reactive material that already separates oxygen from water molecules, leaving hydrogen behind. According to Santa Cruz Works, the novel aluminium nanoparticles combine with water to produce hydrogen at room temperature. Aluminium is a very reactive material that produces hydrogen by absorbing oxygen from water molecules. Even though aluminium has a strong affinity with air and forms a protective aluminium oxide layer when it comes into contact with water, it is frequently used in water-based devices due to its quick reaction and lack of risk. The new study uses affordable gallium and aluminium alloy to make...
Hindalco Industries Limited has continued to significantly cut its aluminium products and aluminium ingot prices for the second consecutive day, with effect from Friday, September 2. The company has reduced its aluminium wire rod price by INR 14,000 per tonne or 5.96 per cent to INR 220,850 per tonne versus a cut of INR 8,000 per tonne on August 31 to INR 234,850 per tonne. Hindalco’s aluminium billets price has also been axed by INR 14,000 per tonne on September 2 to INR 223,850 per tonne. On August 31, the price stood at INR 237,850 per tonne, seeing a downfall of INR 8,000 per tonne. The aluminium giant has also knocked its aluminium ingot price down by the same amount to INR 209,750 per tonne from INR 223,750 per tonne on August 31. Hindalco has chopped its aluminium prices in line...
