AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year. Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million). The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency...
Constellium SE has raised its full-year financial outlook after reporting stronger earnings across its major aluminium businesses, supported by improved aerospace demand, favourable pricing and product mix, and robust recycling performance. However, lower shipments across parts of its portfolio highlight an uneven recovery in end-market demand. The Paris-based aluminium products manufacturer reported its third-quarter and nine-month financial results on October 28, 2026, with profitability improving despite a slight decline in overall shipment volumes. The company also reported record quarterly adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA). Constellium's Q3 2026 revenue and earnings climb Constellium generated revenue of USD 2.64 billion in the third...
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The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24. Some popular aluminium extruders have begun to resume work this week, while the others will return to work by the end of February or early March. Because market demand is likely to stay stable, inventories of aluminium billets are expected to decrease somewhat. The chart below indicates the current status of aluminium billet inventories across China in more details: In Foshan, the aluminium inventories declined by 1,300 tonnes this week to peg at 124,900 tonnes. For the same day in Wuxi the aluminium inventories dropped by 200 tonnes to settle at 60,900 tonnes. In Changzhou the...
According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain of Custody Standard certification for manufacturing aluminum and aluminum coil and sheet, which includes the processes of recycling and remelting. The plant, which has an annual capacity of 340,000 tonnes of aluminum recycling, recycles 18 billion used beverage cans each year. Earlier in November 2021, the facility achieved the ASI Performance Standard Certification. Sachin Satpute, President of Novelis Asia, said: “By achieving the dual certification, our Yeongju plant has now been independently certified to comply with ASI standards, demonstrating that the sustainable aluminum solutions we provide to our customers are responsibly sourced and produced. These...
According to the US Geological Survey (USGS), the United States imported 4,230 tonnes of US aluminium plates, sheets and bars from Vietnam in November, showing a month-on-month drop of 130 per tonne or by 2.98%. In October 2021, 4,360 tonnes of US aluminium plates, sheets and bars were imported from Vietnam, showing a growth of 880 tonnes from 3,480 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Vietnam in November 2021 escalated by 1,710 tonnes or by 67.85% from 2,520 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Vietnam, in November 2021 closed at 37,500 tonnes. For the same period last year, the amount pegged at 21,300 tonnes. As per the data shared by the USGS, the...
According to the US Geological Survey (USGS), the United States imported 7,190 tonnes of US aluminium plates, sheets and bars from Thailand in November, showing a month-on-month drop of 100 per tonne or by 1.37%. In October 2021, 7,290 tonnes of US aluminium plates, sheets and bars were imported from Thailand, showing surge of 4,910 tonnes from 2,310 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Thailand, in November 2021 ascended by 6,437 tonnes or by 854.84% from 753 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Thailand, in November 2021 settled at 63,400 tonnes. For the same period last year, the amount registered at 30,100 tonnes. As per the data shared by the USGS,...
The year 2021 instituted an immensely optimistic result for the Salzburger Aluminium Group, an Austrian family business with 1100 employees worldwide. The market leader for aluminium tanks for trucks, despite challenging situations spawned by the Covid pandemic, supply chain problems, the semiconductor crisis and the resulting production stoppages at OEMs, reported an outstanding hop in turnover achievement in 2021. The global supplier to all well-known OEMs, SAG’s sales emerged by more than 35% to EUR 207 million, the EBIT margin to7%. This is in regards to the demand for SAG fuel tanks for trucks being unbroken and more and more OEMs –particularly in the field of e-mobility - are relying on customised aluminium castings made by SAG, which are manufactured in Lend using the perfected...
According to the US Geological Survey (USGS), the United States imported 4,650 tonnes of US aluminium plates, sheets and bars from Turkey in November, showing a month-on-month descend of 630 per tonne or by 11.93%. In October 2021, 5,280 tonnes of US aluminium plates, sheets and bars were imported from Turkey, showing a drop of 200 tonnes from 5,480 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Turkey, In November 2021 hiked by 3,250 tonnes or by 232.14% from 1,400 tonnes in November 2020. From January to November, the imported aluminium plates, sheets and bars from Turkey in November 2021 closed at 56,200 tonnes. For the same period last year, the amount scored at 37,900 tonnes. As per the data shared by the USGS, the total...
The global aluminium industry’s downstream segment is regaining its earlier form gradually, as the week observed Fehrmann Tech Group on-boarded 3D printing intellects to support its further expansion, The Austrian metal company AMAG revealed high in its earnings for FY2021 shouldering on aluminium shipments above the pre-crisis level. Wheels India Group is eying to raise its export contribution to one-third of sales especially targeting aluminium wheels. The aluminium billet inventories in China decreased by 2,900 tonnes or 1.08% week-on-week across five major consumption areas. As a result, the inventories closed at 264,000 tonnes, as of Thursday, February 17. To know more:...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Thursday, February 17, following a cut on the previous day. The company raised its aluminium billets price by INR 2,500 per tonne to bring it to INR 295,850 per tonne versus INR 293,350 per tonne on February 16. Hindalco’s aluminium wire rod price also underwent an increase of INR 2,500 per tonne with effect from February 17 from INR 290,350 per tonne on February 16 to INR 292,850 per tonne. Aluminium ingot price came in at INR 281,750 per tonne, up by INR 2,500 per tonne as well from INR 279,250 per tonne on the previous day. Hindalco links its aluminium ingot and aluminium products prices to the three-month future of aluminium on the London Metal Exchange, which grew by US$59 per tonne on February...
The TVS Group promoted, Wheels India Limited, India’s largest auto component manufacturer of wheels for commercial vehicles in an astute strategy that compels the company to view more externally, the company is aiming towards strengthening its export contribution to one-third of its sales. Wheels India’s exports were just only 16% of its entire sales five years ago, while presently it is at 23% of sales. According to our sources, it has been revealed, “The export focus is a strategy to ‘de-risk the India business’ and Wheels India is focussing on three segments in particular — aluminium wheels, windmill parts and off-highway category. There is also some potential in commercial vehicles, but that is more long-term.” The Group during this fiscal has invested heavily in the capacity to reach...
On Thursday, February 17, AMAG Austria Metall AG announced its FY2021 financial results, reporting record earnings and growth in revenue due to stable production, high productivity, and attractive market environment in the primary aluminium sector. Revenue in the entire year stood at EUR 1,259.4 million compared to EUR 904.2 million in FY2020, owing to increased shipment volumes and higher aluminium prices. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood 70 per cent higher year-on-year at EUR 186.2 million in FY2021 versus EUR 108.2 million a year earlier, thereby resulting in a new high in AMAG’s history. The growth in shipment volumes in all AMAG divisions and product mix optimisations at the Ranshofen site are major drivers for this record. Net income...
The ASI Chain of Custody Standard had been accredited at both of Hydro Extrusion Italy's aluminium production factories in Feltre and Ornago. Each location has also been recertified in accordance with ASI's Performance Standard. The Aluminium Stewardship Initiative (ASI) aspires to see sustainability and human rights values become more deeply ingrained in supply chains. Its Performance Standard acknowledges appropriate aluminium production, procurement, and management. The Chain of Custody (CoC) Standard specifies the standards for establishing a chain of custody for CoC material, such as ASI Aluminum, as it moves through the value chain to downstream industries. It not only certifies the locations and their operations, but it also certifies the actual metal they process when it comes...
The aluminium billet inventories in China decreased by 2,900 tonnes or 1.08% week-on-week across five major consumption areas. As a result, the inventories closed at 264,000 tonnes, as of Thursday, February 17. Foshan's inventory declined the most by 8,700 tonnes or 6.45%, followed by Nanchang's stockpile, which fell by 6,300 tonnes or 25.71%. Because of the COVID epidemic in Guangxi, arrivals in south China were limited, resulting in contested logistics in Foshan. Meanwhile, the RCs rebounded, prompting in increased purchases over concerns about potential supply shortages. In Nanchang, the warehouses reported fewer arrivals, and shipments leaving the warehouses were equally slow. Shipments to other markets were also less than adequate since downstream manufacturing has not yet completely...
The world leader in heavy equipment for the aluminium, pulp and paper and rail equipment industries, EPIQ Machinery announces that Taylor Northeast (TNE), a US-based material handling equipment supplier, is now the factory-authorized distributor of EPIQ MECFOR mobile equipment, products and parts for the entire US market. As of 1 st January 2022, all EPIQ MECFOR mobile equipment sales, rentals and aftermarket support in the US will be handled through TNE and their affiliate company, H&K Equipment. EPIQ MECFOR is a brand of EPIQ Machinery offering very unique mobile equipment expertise for harsh working environments. Yannick Beaulé, the Chief Revenue Officer at EPIQ Machinery said, “As EPIQ Machinery continues to grow, we are excited to have this opportunity to expand our equipment and...
On 16 th February 2022, at the supervisory board meeting of AMAG Austria Metall AG, a resolution has been passed to implement an early extension of the contracts of Chief Executive Officer Gerald Mayer and Chief Operating Officer Dr Helmut Kaufmann. The leading Austrian premium supplier of high-quality aluminium cast and flat-rolled products for highly varied industries. AMAG revealed that the term of Gerald Mayer’s contract was thereby extended until 31 st December 2025, while Dr Helmut Kaufmann’s contract runs until 30 th April 2026. Since March 2019, Gerald Mayer has been active as CEO of AMAG and his scope of responsibility also comprises the financial agendas for which he has already been responsible as Chief Financial Officer since 2007. Dr Helmut Kaufmann has been COO at AMAG since...
As per the US Geological Survey (USGS), the United States imported 14,100 tonnes of US aluminium crude metals and alloys from Argentina in November, showing a month-on-month growth of 3,800 per tonne or 36.89%. In October 2021, 10,300 tonnes of US aluminium crude metals and alloys were imported from Argentina, showing a drop down 14,100 tonnes from 24,400 tonnes in September 2021. On a year-on-year calculation, US aluminium crude metals and alloys imported from Argentina in November 2021 surged by 4,000 tonnes or by 39.60% from 10,100 tonnes in November 2020. From January to November, the imported aluminium crude metals and alloys from Argentina in November 2021 settled at 109,000 tonnes. For the same period last year, the amount pegged at 148,000 tonnes. Based on the data from the USGS,...
Hindalco’s aluminium products prices rebounded on Tuesday, February 15, in line with the LME aluminium benchmark price hike on the previous day. Hindalco Industries Limited increased its aluminium wire rod price by INR 9,500 per tonne from INR 287,100 per tonne on February 12 to INR 296,600 per tonne on February 15. Hindalco’s aluminium billets price also saw a jump of INR 9,500 per tonne on February 15 to score at INR 299,600 per tonne. On February 12, the price stood at INR 290,100 per tonne, seeing a downfall of INR 7,750 per tonne. The company also hiked its aluminium ingot price by INR 9,500 per tonne, with effect from February 15. Thus, the price has come in at INR 285,500 per tonne as against INR 276,000 per tonne on February 12. Hindalco links its aluminium ingot and aluminium...
At the end of December 2021, Mahendran Reddy had been relocated from Singapore to Hamburg to establish a similarly successful network of research institutes, suppliers, customers and like-minded professionals for the Hamburg based Fehrmann Tech Group on a global level in the designation of Vice President Global Ecosystem Development since January 2022 as the company has already established in Germany. Mahendran Reddy is an internationally acclaimed personality, who among other things known for his successful establishment of the NAMIC (National Additive Manufacturing Innovation Cluster) in Singapore. However, as Business Development Director, he was diligently involved in directing the adoption of additive manufacturing in the Asian industry and expanding the AM ecosystem thereby...
Fredrik Spens will take charge as President of Gränges Europe affecting from 1 st March 2022, succeeding Jörgen Rosengren who has held the position on an interim basis. However, starting the same date, Fredrik will also be a member of the Group Management Team of Gränges. A Master of Science degree in Mechanical Engineering from the Royal Institute of Technology in Stockholm, Sweden, Fredrik Spens presently is the Managing Director of Gränges Finspång, a role he has occupied since late 2020. In previous to that, he was Vice President for Sales and Marketing in Gränges Europe and before joining Gränges in 2017, Fredrik was the Head of Product Area Primary Products within Sandvik Materials Technology, the most recent of a series of senior positions at Sandvik. He also has a background at...
