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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AlCircle is excited to announce the launch of its 9th edition of e-Magazine "Global Aluminium Foundry: Challenges and Opportunities Ahead in 2022", whereby it has addressed the key roles played by aluminium foundries in the production of aluminium products. Aluminium foundries are functionalized to create aluminium metal castings. In the casting process, aluminium is melted in a liquid state, poured into a mould, and then extracted from the mould or cast once it has cooled and solidified. Aluminium is one of the most demanded metals in the industry after steel. Owing to its versatile nature, lightweight technology, the usage of aluminium has seen a considerable hike and is considered as one of the most important metals for its recyclability factor. The e-magazine also highlights how the...
Hindalco Industries Limited increased its aluminium products and aluminium ingot prices on Saturday, February 5, in response to the LME aluminium price growth. With effect from February 5, Hindalco’s aluminium wire rod price witnessed a rise of INR 2,000 per tonne or 0.73 per cent from INR 273,850 per tonne to INR 275,850 per tonne. Hindalco’s aluminium billets price also grew by INR 2,000 per tonne on Saturday, February 5, to come in at INR 278,850 per tonne. On Wednesday, February 2, the price stood at INR 276,850 per tonne, seeing a cut of INR 2,000 per tonne. Aluminium ingot price of Hindalco is currently at INR 264,750 per tonne, since February 5, in contrast to INR 262,750 per tonne on February 2. Hindalco links its aluminium ingot and aluminium products prices to the three-month...
The downstream segment of the global aluminium sector is still witnessing acquisitions and expansions, which started eventfully from the later part of the previous year. This happening ensures that the global manufacturing industry is countering and gradually recovering the dent created by the Covid pandemic. The financially distressed nation Zimbabwe was in the news due to the announcement of aluminium profiles producer and distributor Almin Metal Industries further expansion. While in the United States, Matalco Inc. acquired high-quality 6000-series aluminium billet manufacturer Ohio Valley Aluminum Co. LLC. The leading aluminium smelting and rolling mill in the world, Aluminium Norf GmbH (Alunorf) will purchase electricity from five wind parks in the state of North-Rhine Westphalia to...
According to the US Geological Survey (USGS), the United States exported 26,200 tonnes of US aluminium plates, sheets and bars in November to Canada, showing a month-on-month hike of 3,100 per tonne or by 13.41%. In October 2021, 23,100 tonnes of US aluminium plates, sheets and bars were exported to Canada, showing a downfall of 800 tonnes from 23,900 tonnes in September 2021. On a year-on-year calculation, US aluminium plates, sheets and bars exported to Canada in November 2021 escalated by 1000 tonnes or by 3.96% from 25,200 tonnes in November 2020. From January to November, the exported aluminium plates, sheets and bars export to Canada stood at 277,000 tonnes. For the same period last year, the amount pegged at 274,000 tonnes. As per the data shared by the USGS, the total amount of...
On Tuesday, February 1, Hydro completed the sale of its aluminium extrusion plant in Kuppam, India, to Hindalco Industries Limited, as was expected in the first quarter of 2022. On December 17, Hydro had signed a Business Transfer Agreement to sell its extrusion operations in Kuppam to Hindalco for US$33 million or INR 247 crore. The transaction was structured as an asset sale and included Kuppam plant with approx. 245 direct employees and 224 contract employees. Hydro’s Kuppam extrusion plant in Andhra Pradesh, India, has a production capacity of 15,000-tonne of aluminium extrusions and is integrated with advanced value-added capabilities for surface finishing and fabrication. The customised aluminium extrusion products manufactured at the plant primarily cater to auto, building and...
On 2 nd February 2022, the Indonesian Ambassador to Sri Lanka, Dewi Gustina Tobing met the Prime Minister of Sri Lanka, Mahinda Rajapaksa in Colombo towards promotion and the marketing of Indonesian produced aluminium and electric motorcycles. The ambassador promoted the aluminium manufactured in Indonesia, which is one of the potential sectors of the nation. In 2021, Sri Lanka's aluminium imports have reached around $427 million. Dewi said, “Indonesian aluminium products are now starting to be noticed by the Sri Lankan market and have a strong enough potential to become a source of increasing Indonesian exports to Sri Lanka." "One of the potential economic cooperation between Indonesia and Sri Lanka today is the marketing of Indonesian electric motorcycles, considering that Sri Lanka is...
The Turkish organization, ETi Alüminyum, which is counted as one of the few integrated facilities in the world that can produce from the mine to the final products with a wide range of uses, from window profiles to aeroplanes is expanding its solar park with two projects that are contemplated to lift the capacity to 163 MW, to produce clean and green aluminium, while progressing on its path to net-zero emissions. Eti Alüminyum, the subsidiary of Cengiz Holding is establishing solar power units next to its plant, although it operates two photovoltaic plants with a consolidated capacity of 58.8 MW. Globally, energy-intensive industries like the production of metals and cement are switching to renewables and electrification to decarbonize and curb costs as part of the global energy...
According to a recent report, Stefan Glimm will retire from his remaining responsibility as Director General of the Global Aluminium Foil Roller Initiative (GLAFRI) at the end of February 2022. He served the aluminium foil industry for 30 years and the aluminium industry in general for almost four decades. During his career, Mr Glimm worked in leading management positions for what today is Aluminium Deutschland, AMS Europe incl. European Aluminium Foil Association (EAFA), and Flexible Packaging Europe, European Aluminium. In his early days, he also worked for Wirtschaftsvereinigung Metalle (German Non-Ferrous Metals Association). Under his leadership, the Global Aluminium Foil Roller Conference (GLAFCO) had become a bi-annual key event for the foil industry worldwide. Then the Global...
The leading aluminium smelting and rolling mill in the world, Aluminium Norf GmbH (Alunorf) will purchase electricity from five wind parks in the state of North-Rhine Westphalia to diminish its carbon footprint. The German aluminium producer, Alunorf’s inked power purchase agreement (PPA) with French energy company Engie SA undertakes that Alunorf will off-take about 28 million kWh of green electricity in 2022 which is enough to power four induction furnaces. On 1 st February 2022, Engie Deutschland said, “The PPA with Alunorf will the continued operation of the five wind parks located in Krefeld, Viersen, Dueren and Baesweiler as they no longer receive tariffs under the EEG scheme.” Oliver Hommel, the manager of Alunorf said, “The deal with Engie will help Alunorf gain experience in the...
According to the US Geological Survey (USGS), the United States exported 53,100 tonnes of US aluminium scrap in November to Malaysia, depicting a month-on-month escalation of 4,400 per tonne or by 9.03%. In October 2021, 48,700 tonnes of US aluminium scrap were exported to Malaysia, showing a hike of 7,500 tonnes from 41,200 tonnes in September 2021. On a year-on-year calculation, US aluminium scrap exported to Malaysia in November 2021 ascended by 8,800 tonnes or by 19.86% from 44,300 tonnes in November 2020. From January to November, the exported aluminium scrap to Malaysia closed at 481,000 tonnes. For the same period last year, the amount registered at 382,000 tonnes. According to the data shared by the USGS, the total amount of aluminium plates, sheets, bars, crude metals and alloys,...
The Harare, headquartered Zimbabwean manufacturing company, Almin Metal Industries Limited is all set to open three new branches in March 2022 as part of its drive for business expansion. In 1969, Almin Metal Industries was founded, while the company is in the business of manufacturing and supply of aluminium profiles for architecture, irrigation and general engineering purposes. However, the new branches will be in Gweru, Kwekwe and Mutare. The metal product producer owns and operates an aluminium extrusion facility in Harare and it is the only one in Zimbabwe that has vertically integrated aluminium processing capabilities comprising of an extrusion plant and metal finishing operations such as anodising and powder coating. The company also has a branch in Bulawayo. Ntombizodwa Mhlophe,...
Matalco Inc., a division of Toronto-based Giampaolo Group Inc., has reportedly acquired the Ohio Valley Aluminum Co. LLC (OVACO), based in Shelbyville, Kentucky. The news came after KPMG Corporate Finance LLC, which served as the financial advisor of the OVACO, reported it officially. Founded in 1955, the OVACO is a manufacturer of high-quality 6000-series aluminum billet made from aluminium scrap for the aluminum extrusion industry. Matalco also manufactures 6000-series aluminum billet for aluminum extrusion and forging applications. The company operates six billet plants in the United States, and its seventh plant is under construction in Franklin, Kentucky. According to KPMG, the seventh plant will bring Matalco’s total capacity to 1.6 billion pounds annually. However, in context to...
According to the US Geological Survey (USGS), the United States imported 7,370 tonnes of US aluminium plates, sheets and bars from Oman, showing a month-on-month hike of 990 per tonne or 15.51%. In September 2021, 6,380 tonnes of US aluminium plates, sheets and bars were imported from Oman, showing a drop down of 2,670 tonnes from 9,050 tonnes in August 2021. On a year-on-year calculation, US aluminium plates, sheets and bars imported from Oman in October 2021 slumped by 90 tonnes or by 1.20% from 7,460 tonnes in October 2020. From January to October, the imported aluminium plates, sheets and bars from Oman settled at 74,000. For the same period last year, the amount clocked at 53,600 tonnes. As per the data shared by the USGS, the total amount of aluminium plates, sheets, bars, crude...
Hindalco Industries Limited hiked its aluminium products and aluminium ingot prices for the second time in a row last week, with effect from Friday, January 28. The company’s aluminium wire rod price saw a surge of INR 5,250 per tonne or 1.92 per cent to INR 279,100 per tonne as of January 28. On January 26, the price stood at INR 273,850 per tonne, up by INR 2,000 per tonne from the previous day. Hindalco’s aluminium billets price also grew by INR 5,250 per tonne with effect from January 28 to come in at INR 282,100 per tonne, versus INR 276,850 per tonne on January 26. The hike on January 28 brought Hindalco’s aluminium ingot price to INR 268,000 per tonne from INR 262,750 per tonne on January 26. Hindalco links its aluminium ingot and aluminium products prices to the three-month future...
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd has received the certification as a “Great Place to Work” by the independent analysts at Great Place to Work in Sri Lanka. The USA headquartered Great Place to Work® is the global authority on building, sustaining and recognizing High-Trust, High-Performance CultureTM at workplaces. The Lanka based Swisstek Aluminium, which commenced its journey in 2009, obtained this credential based on the ample ratings delivered by its employees in anonymous surveys conducted by Great Place to Work Sri Lanka. A great workplace is one where employees, no matter at what designation and their job profile towards the organization, have a consistently positive experience of trusting their leaders,...
The downstream sector of the global aluminium industry has been witnessing some amount of investment for expansion this week. Jindal aluminium stated that it will boost up capacities by around 50% primarily across the extrusions vertical. The German wind portfolio of European Energy will supply the production facilities of 595 Solutions in Germany under - the agreement which amounts to 80 gigawatt-hours annually and will span over five years. According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard. To know more:...
A team of Chinese business investors are in Nigeria to build a world-class aluminium profiles facility in Lagos to support the restriction towards the high rate of fake aluminium products. As per our report, the promoters of the new firm following the establishment of the aluminium factory will deliver jobs to around 100 young local Nigerians for a good career beginning. The newly employed Nigerians will be trained for six months on the latest upgraded technologies in aluminium designs by Chinese expatriates, who are scheduled to arrive in the nation shortly. However, it has been stated that the state of the art machines have been already ordered for installation while operations have been billed to start in August 2022. The investors said, “Similar factories were established in Abuja and...
The foundry in the German town of Soltau, G.A. Röders has announced that it is pleased to be working with other climate-conscious companies to develop the first hydrogen-powered crucible melting furnace for aluminium. Now, this aspiring project, costing a total of more than €3 million, is being supported by the Ministry of Economics and Climate Protection with funding of €1.5 million, while G.A. Röders will receive €140,000 of the amount. Gerd and Andreas Röders, the two Managing Directors reported, “In addition, we as a foundry will ourselves invest around €150,000 to be able to operate even more energy- efficiently. With the hydrogen-powered furnace, we as G.A. Röders want to become pioneers in our industry for climate protection." It has been also confirmed that within the scope of...
