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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Post-pandemic, the use of aluminium honeycombs in the railway industry has increased significantly. To win back the passengers' trust, rail sector stakeholders have decided to improve the train's interiors by incorporating an aluminium honeycomb design from Corex Honeycomb. Due to its strength, sustainability, and lightweight, aluminium honeycomb offers a valuable solution for interior design training. The Corex aluminium honeycomb core is strong, lightweight, resistant to corrosion and 100 per cent recyclable, making it ideal for use in internal train applications like doors, floors, furnishings, galleys, sanitary modules, and partitions. Because the hexagon is one of nature's strongest shapes, the honeycomb cell shape was inspired by the hexagonal shape used to build beehive walls. Due...
On Thursday, August 18, the aluminium billet inventories in China dropped by 5,200 tonnes W-o-W to settle at 116,300 tonnes, from 121,500 tonnes recorded last week. The inventory has increased in three major consumption areas and has decreased in two regions. The billets inventory stopped rising and began declining this week. Market participants are worried about the dryness during the rainy season and the probable recurrence of drastic production reductions caused by the power supply constraint that occurred last year. The figure below provides further information on the current state of aluminium billet inventories in China: Despite the weak market activity, the inventory in Changzhou, Huzhou, and Nanchang continued to rise. As per the SMM data, the inventory in Huzhou, Changzhou and...
Texas Permanent School Fund lowered its ownership quota by 2.1 per cent in Kaiser Aluminium Co. during the primary quarter, as was reported by the company in its most currently filled 13F reports with the SEC. The major investor sold 241 shares during this entire period, owning 11,246 shares of Kaiser Aluminium. According to the data found in the most recent SEC filing, Texas Permanent School Fund has 0.07 per cent ownership of Kaiser Aluminium, priced at US$1,059,000. Other than the above organisation, many other institutional investors have altered their discourse in the company. Around the fourth quarter, Allspring Global Investments Holdings LLC acquired a fresh stake worth US$462,000 in Kaiser Aluminum. Winslow Asset Management Inc. tightened its grip by 4.1 per cent on Kaiser...
The average operating rate of aluminium billet producers in China fell for the second consecutive month by 0.99 percentage point month-on-month, driven by the downfall in operations in east China, northwest China, and southwest China. According the Shanghai Metals Market data, China's domestic aluminium billets operating rate stood at 71.3 per cent in July 2022. Only in north China, the operating rate increased, while that in central and south China remained flat M-o-M. According to SMM survey, the production of aluminium billets rebounded in Inner Mongolia during July 2022 as some of the aluminium billet plants resumed operations that were suspended for maintenance in June. Some aluminium billets plants had also cut operations due to limited supply of molten aluminium in May and June....
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s aluminium wire rod price saw a previous cut of INR 2,000 per tonne to INR 234,250- 241,750 per tonne. On August 16, Vedanta’s aluminium billet price has also experienced a slash of INR 6,750 per tonne to stand at INR 229,000 per tonne versus INR 235,750 per tonne on August 13. Aluminium ingot price is hovering around INR 220,000-249,500 per tonne as of August 16, as against INR 226,750-256,250 per tonne on the previous week. Vedanta links its aluminium ingot and aluminium products prices to the...
Hydro's aluminium extrusion facility at Spanish Fork, Utah, became the first location in the United States to be powered by 100 per cent renewable energy. The aluminium extrusion facility entered into a long-term agreement of eight years in July with the City of Spanish Fork and the Utah Municipal Power Agency to purchase locally generated power from two recently finished photovoltaic solar systems. Hydro Spanish Fork is one of the most important suppliers to the manufacturing sector. Hydro Spanish Fork can create distinctive bespoke mixes of aluminium alloy for customers with particular performance needs, thanks to on-site billet casting. The Spanish Fork plant joins Hydro's Pointe-Claire, Quebec complex, which uses only hydroelectric power, as the second location in North America to...
Mahindra Group, an Indian billion-dollar enterprise, is launching a new version of its flagship Scorpio Classic with an all-aluminium engine block that weighs 55 kg less than its predecessor. As a result of the weight shedding and other advancements, the Scorpio Classic now offers 14% better fuel efficiency than before. Furthermore, Mahindra revealed that from 1000rpm onwards, the Scorpio Classic delivers 230Nm of torque or 77% of its peak torque output. The main advantage of aluminium engine blocks over iron is their weight. An aluminium block weighs about half as much as an iron block. This allows the manufacturer to distribute weight more evenly within the car, therefore taking pressure off the nose. The aluminium engine block is lighter, easier to repair, and less prone to...
On 11th August 2022, during a regulatory filing, Bharat Forge, the Indian multinational auto component manufacturer, reported a consolidated net profit of INR 160.37 crore ($20.12 million) for Q1 FY23. However, the company posted a consolidated net profit of (INR 152.75 crore ($19.16 million) in the same quarter previous fiscal. Moreover, the consolidated revenue from operations during the period under review was 2,851.46 crores, compared to 2,107.68 crores a year ago. Under review, it generated consolidated revenue of Rs 2,851.46 crore. During the year-ago period, it was Rs 2,107.68 crore. Bharat Forge aligned the accounting periods of all subsidiaries, associates, and joint ventures to make the group's operating performance more transparent. BN Kalyani, the Chairman and Managing...
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they are heavily impacting Australia's international and regional sales. Hero Motors India invested in an indigenous high-end cycle component manufacturing factory at the Dhanansu e-cycle valley to compete with the cheap imports from Chinese markets. The managing director of G.A.Röders GmbH & Co KG, Gerd Röders, has decided to run 24-hour shifts in the 200-year-old factory for three successive weeks, followed by a week of a complete shutdown to bring the production rate on track, while keeping the...
Hero Motor Company’s sister concern, Spur Technologies, announced opening its first manufacturing unit for making indigenous bicycle components to compete with the cheap Chinese imports at Dhanansu e-cycle valley on August 11. The chairman and managing director of Hero Cycles, Pankaj Munjal, stated that the bicycle component industry should boost its pace in the global sector by shifting to the use of aluminium instead of steel in the making of high-end bicycle products, which has been the motto for the European Union, Japan and North America for over twenty years. He defined that other auxiliary experiments with materials like carbon or other composites must be accomplished at a local level, alongside the development of patents and required intellectual properties at the site to add...
There have been reports of a management buyout costing US$2 million in Alcomet, the UK's component provider to the electricity transmission and distribution market. The founder of Alcomet, Gary James, hosted the session while declaring his separation from the brand. Chris Beasley, the managing director, has been entrusted with the massive responsibility of running the company. Alcomet was first conceptualised 25 years back to supply stainless, steel, copper alloys and aluminium, but gradually the company has incorporated the provisions to make electric metals and components that can be transported all around the UK substation and energy sector. The company operates hand in hand with distribution network operators, transmission network providers and associated contractors. This entire...
The Riverview Town Council has declared that it would make an investment of US$60,000 to rejuvenate the riverfront holiday light display system, which was recently destroyed by local goons, who stole connected copper wires that were electrifying the lights. At a recent council meeting, these advancements were discussed, and it was decided that the copper wiring system would be replaced by aluminium to be cost-effective and not to attract criminal activities. Aluminium is a cheaper alternative to copper, which is a semiconductor of electricity. Moreover, its lightweight provides ease in transport and boosts the entire installation process. Aluminium is infinitely recyclable, which extends the longevity of these wires, as they can be processed and reused later when they are in an...
Alro Group, one of the largest vertically integrated aluminium producers in Europe by capacity, has booked a net profit of RON 15.3 million for the first half of 2022 ended June 30, compared to a net loss of RON 47.6 million a year ago. The Group’s turnover has increased to RON 2.1 billion during H1 from RON 1.5 billion during the same period last year, thanks to the higher demand for aluminium on the international markets and LME price hike. Aluminium demand mainly stood high in the first quarter of 2022, especially flat-rolled and extruded products. Alro’s EBITDA also recorded a rise to RON 219.6 million in H1 2022 from RON 144.4 million in H1 2021. All this could be achieved by swift and decisive measures taken at the Group’s level to mitigate the effects of continued energy price...
According to a report on August 10, the Aluminium Stewardship Initiative has renewed the Performance Standard Certification for Hydro Extrusions through May 2025. It covers 47 sites, of which two-thirds are certified against the ASI Chain of Custody certification. ASI Performance Standard certification recognizes responsible production, sourcing and stewardship of aluminium, while Chain of custody pre-defines requirements for aluminium production and processes through the value chain into downstream sectors. It means not only the sites and their practices are certified but also the metal they process. On the renewal of certification, Executive Vice President Paul Warton, who heads Hydro Extrusions, said: “ASI certification strengthens our competitive position in a marketplace where the...
Tungaloy, the cutting tool manufacturer from Japan, has launched its latest Tungrec DX110 series of PCD insert grades to achieve precisely machined aluminium alloy parts. This move was followed by the release of Tungaloy’s new Addforce brand. This newly added DX110 PCD insert grade might change the entire aluminium machining concept for the Tungaloy Tungrec milling range. The DX110 grade includes an ultrafine micro grain structure that ensures a smooth surface texture and exceptional component quality. Though the machine is designed for machining ISO N materials, it provides precision machining for an elongated period of time. End users are to financially benefit from this instalment since this would deliver extended tool life and allow prolonged periods of unmanned operations by...
Gränges, the aluminium technology company, has appointed William B. Shannon as the Senior Vice President for Gränges' Global Battery Foil Program. Bill Shannon is the COO of the New York-based Li-Ion battery cell producer iM3NY. As a battery industry veteran with over 30 years of experience, he will be essential to Gränges' expansion into this sector. Shannon graduated from Eastern Connecticut State University with a Bachelor of Business Administration and Management degree. He held senior positions at Heitkamp & Thumann Group and Duracell before joining iM3NY. Jörgen Rosengren, the President and CEO of Gränges, said, "Gränges is currently expanding in materials for the battery industry, as part of our Sustainable Growth strategy. I couldn't be more pleased to announce the recruitment of...
As the "long game" between Beijing and Canberra continues, Australia has opened a new anti-dumping probe against Chinese aluminium extrusions used in many applications, including construction. According to Australia's Anti-Dumping Commission, aluminium manufacturer Capral submitted a request to review current anti-dumping measures. According to official sources, the restrictions were first implemented in October 2010 and applied to all Chinese exporters, except Guangdong Jiangsheng Aluminium and Guangdong Zhongya Aluminium. A statement on China Trade Remedies Information, a website run by the Chinese Ministry of Commerce, states that a final proposal is anticipated to be sent to the Australian Department of Industry, Science and Resources no later than November 28. Protectionist...
The use of aluminium plates, sheets and bars or flat rolled products is widespread and expanding slowly. It is used everywhere, from packaging to vehicles to cookware and even construction. Aluminium is becoming increasingly popular as a metal. The aluminium flat-rolled products are produced by rolling thick aluminium between rolls that reduce the thickness and lengthen it through hot and cold rolling processes. The United States exported 23,400 tonnes of aluminium plates, sheets and bars to Canada in April 2022, which went up by 400 tonnes or 1.73 per cent M-o-M from 23,000 tonnes in March. As per the USGS data, M-o-M growth of 3,200 tonnes or 16.16 per cent was also recorded in March, from 19,800 tonnes in February. In February, an escalation of 400 tonnes or 2.06 per cent was also...
