Ford has produced more than 5,000 large aluminium unicastings at its Shelbyville Technical Center as it advances manufacturing preparations for the Fathom midsize electric truck, scheduled to launch in 2027. The castings are being used for process testing and prototype assembly at the company's Louisville Assembly Plant. The Fathom will feature two large aluminium unicastings that replace 146 individual structural parts, significantly simplifying the vehicle's architecture. Ford says the approach reduces vehicle mass and improves overall energy efficiency, while introducing a different method of assembling vehicles through its new Universal Production System. The two large structures form the front and rear sections of the vehicle. By consolidating numerous components into fewer castings,...
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...
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Anil Agarwal led Vedanta Ltd., a subsidiary of Vedanta Resources Limited, counted as one of the world's leading diversified natural resource companies plans to invest INR 10,000 crore in setting up an aluminium park in Odisha, an eastern state in India to encourage companies that use the metal to set up their manufacturing units in the facility. On 27th May 2021, the Company said: “This aluminium park is along the lines of major industrial towns in other parts of India. It will generate additional livelihood for more than 100,000 people and will touch the lives of more than 400,000.” The proposed aluminium park will benefit small and medium downstream enterprises by setting up their manufacturing units and extract hot metal from Vedanta’s aluminium smelter in Jharsuguda to produce their...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 200 tonnes from previous week to stand at 88,300 tonnes as of Thursday, 27 May 2021. Aluminium billet Shipments out of warehouses reduced by 13,700 tonnes on the week to 52,100 tonnes last week. The inventories are expected to rise slightly next week due to measures to regulate and control commodities prices. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billets in Wuxi reduced by 2,831 tonnes, standing at 16,737 tonnes as of Thursday, 27 May 2021. But the stocks in Foshan, Huzhou and Nanchang climbed by 1,200 tonnes, 1,000 tonnes and 1,400 tonnes to stand at 44,600 tonnes, 8,000...
The global aluminium giant, Rio Tinto partnering with aluminium semi-solid castings solution provider Comptech to drive in a new generation of aluminium alloys to the market towards the usage in advanced technologies such as electric vehicles and 5G antennas. The metallurgical experts of Rio Tinto have designed the alloys for the semi-solid Rheocasting process offered by Comptech, to match the requirements of producing large, specialised single-piece designs, known as giga-casting. The alloys offer high strength, electrical and thermal conductivity properties, while Rheocasting allows fast, low-cost production of advanced lightweight designs. The products are currently undergoing qualification with automakers in Europe. Tolga Egrilmezer, Vice President of Sales and Marketing Aluminium,...
In 2020, Europe´s largest aluminium gravity die-casting companies with customers worldwide, Jydsk Aluminum Industri (JAI) booked DKK 0.6 million profits before tax and it is counted as significantly better than the loss of DKK 5 million in 2019. The far better result has brought some fresh air to the organization, as several employees were laid-off due to a slow production rate. Kenn Christensen, CEO, JAI said: “The previous year has gone in such a way that we, like many others in the metal industry, experienced a total collapse in the second quarter, and were also strongly negatively affected in the third quarter.” “What makes us still come out with a profit is that we have embarked on a multi-year strategic transformation process, where we have been in the process of replacing large...
Hydro has signed a NOK 200 million contract for the supply of new state-of-the-art casting lines. In total, four new casting lines will be supplied to the customer. Hycast, a fully owned subsidiary of Hydro, and Innovation Group, the leading manufacturer of extrusion ingots in China, have inked an agreement to deliver casting technology (Low Pressure Casting - LPC) for extrusion ingots, including control system, launder system, inline melt treatment systems (Siphon Inert Reactor - SIR) and other equipment. “We are very happy to have landed one of the biggest contracts in Hycast’s over thirty-year history,” said Hycast Managing Director Ola Ulvund. “Large parts of our Hycast organization have been working on this deal over a long period of time, including the newly opened Hycast China...
The economy of the Ivory Coast was severely hit by the COVID-19 pandemic, but it remained amongst the few Sub-Saharan African economies that maintained growth. According to the IMF, GDP growth decelerated to 2.3% in 2020, from 6.2% in 2019. Assuming global conditions to normalize gradually, growth is projected to pick up to 6% in 2021 and 6.5% in 2022 (IMF, April 2021), boosted by reviving domestic demand. The well-developed economy of the West Africa region, Ivory Coast declared importation of 685 tonnes of aluminium bar rods and profiles during 2018-19 and the revenue expended for the import was $3.84 million. The import for 2020 stood at 954 tonnes and the expenditure remained at $4.02 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two...
Aluminium Stewearship Initiative has successfully certified Jiangsu Zhongji Lamination Materials Co., Ltd against the Chain of Custody (CoC) Standard certification for material conversion activities at the Anhui Maximum Aluminium Industries Co., Ltd. plant in Anhui Province, China. The plant’s main production processes include remelting and casting, cold rolling and finishing for manufacturing precision aluminium strip and foils. The annual production capacity of the plant is 120,000 tonnes. Earlier in December 2020, the plant achieved the ASI’s Performance Standard Certification. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Jiangsu Zhongji Lamination Materials Co., Ltd. on achieving the ASI Chain of Custody Standard Certification for their Anhui Maximum Aluminium...
Sanjeev Gupta owned Liberty Steel Group has confirmed that their complex manufacturing facilities Liberty Aluminium Technologies and Liberty Pressing Solutions are in process of the sale. The disquiet was raised in the previous month, following the collapse of their vital lender, Greensill Capital. Several hundred are employed at Liberty Pressing Solutions in Burnsall Road, Coventry, where pressings, welded assemblies and chassis are manufactured. Zarah Sultana, Coventry South MP brought the matter to the British Parliament and seeks the government to step in to safeguard the future of the company. She said the closure would be a “disaster for the city and British manufacturing.” Although, the owners, Liberty Steel Group has confirmed that the "formal sale process" of Liberty Aluminium...
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, May 25. The company has cut its aluminium billet price by INR 7,750 per tonne or 3.68 per cent to INR 202,750 per tonne. Last week on May 20, Vedanta’s aluminium billet price stood at INR 210,500 per tonne, decreasing by INR 5,500 per tonne from a day ago. With the latest cut today, Vedanta’s aluminium wire rod price has come in at INR 202,250-209,750 per tonne compared to INR 210,000-217,500 per tonne on May 20. The company is now selling its aluminium ingot price at INR 194,750-207,750 per tonne, also down by INR 7,750 per tonne from INR 202,500-215,500 per tonne last week. Vedanta links its aluminium products and aluminium ingot prices to the three-month...
On 24th May 2021, auto components manufacturer Endurance Technologies reported 177 permanent workers of the company’s Chakan plant in Pune, Maharashtra has decided to exit after accepting the Voluntary Separation Scheme (VSS). The Endurance Group is a global force in aluminium casting including alloy wheels, suspension, and transmission and braking products. While filing the regulatory, the company said: “This would entail a payout of INR 31.45 crore towards VSS.” "Through this VSS, the company has achieved workforce rationalisation for the plant which will lead to overheads reduction and greater efficiency in operations.” This is counted as the second such move within the last one year time, since in October’20 Endurance had implemented a VSS for 86 workers at its Aurangabad, Maharashtra...
The European Commission has announced its plans to impose antidumping duties on aluminium converter foil imported from China. The duty will range from 16% to29.1%. The antidumping duties will be provisional following the publication of the decision in the EU Official Journal. “The European Commission’s intention to impose antidumping duties on Chinese aluminium converter foil will help restore fair conditions for competition in the EU market for the benefit of both producers and consumers,” said Einar Glomnes, Executive Vice President of Hydro Rolling. “We will keep cooperating with the EU authorities as their investigation continues.” The investigation is likely to be ended by the end of 2021. The antidumping case started last year following an antidumping complaint by six European...
The Governor of the Bank of Greece, Yannis Stournaras stated that the economy is expected to grow 4.2% in 2021, but still, growth projection remains uncertain and much will depend on faster vaccinations at the national and European level, the continuation of supportive fiscal measures and the implementation of national resilient and growth framework. The Southeastern European nation’s export of aluminium structures during 2018-19 recorded at 18,720 tonnes and the revenue generated for the export was $126.66 million. The export for 2020 stood at 9665 tonnes and the earnings remained high at $65 million. However, when the export volume and expenditure for 2020 get assorted with the existing two years, it illustrates 28,385 tonnes and $191.66 million respectively. Greece export of aluminium...
Hindalco Industries Limited has continued to decline its aluminium products price. With effect from Tuesday, 25 May 2021, aluminium billets price has dropped by INR 7,750 per tonne or 3.69% to stand at INR 202,100 per tonne, from INR 209,850 per tonne on May 20. The wire rods price stands at INR 206,100 per tonne on Tuesday, 25 May 2021, down INR 7,750 per tonne from INR 213,850 per tonne on May 20. Aluminium ingot price is also down by more than 3% to stand at INR 195,000 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stands at US$ 2305 per tonne on May 24, down US$98/t from US$ 2403 per tonne on May 21. Aluminium operations of the company, excluding those of its US arm...
Operating rates at major aluminium processors in China rose 2.3 percentage points from a week ago to 77.1 per cent last week, ended on Friday, May 21. The overall growth was due to the significant increase in aluminium construction extrusion orders due to real estate recovery. Orders for aluminium formwork also saw a significant spike. Aluminium plate, strip and foil companies maintained full production. Operations at wire and cable companies were also stable relying on orders on hand. More than one month of backlog orders allowed major aluminium sheet and strip companies to maintain full production in May. Orders for can stock also remained robust. Small and mid-sized enterprises reported fewer orders, leading to a slight fall in operating rates. Major aluminium plate and strip...
The Aditya Birla Group subsidiary, Hindalco Industries intends to commence all the projects there that were put on hold due to the Covid-19 pandemic and also plans to invest around INR 2700 crore in the current fiscal against ₹1,600 crore in FY’21. The world’s largest aluminium rolling company had slashed the proposed Capex from INR 2,500 crore in June’20 due to Covid-19 and ceased the downstream project in Western Odisha’s Hirakud. The organization also reduced the pace on the 34,000-tonne aluminium extrusion plant at Silvassa with an investment of INR 730 crore. Satish Pai, Managing Director, Hindalco, said: “The demand for aluminium has surpassed the pre-Covid levels and the company is confident that revival in demand will sustain in coming days despite the concern of the third wave of...
The global downstream aluminium sector has been eventful this week, with the European Union’s decision to suspend tariffs on the United States aluminium and steel exports to Constellium, a global manufacturer of aluminium rolled products, announcing new members to the Board and China’s unwrought aluminium and aluminium products imports grown to record high. Let us here take a quick recap of each event spotted this week during May 17-21. According to a report this week, the European Union and the United States have mutually agreed to discuss and resolve trade disputes around aluminium and steel, and until then, the former has decided to suspend tariffs on the latter. Following the United States announcement of additional tariffs on the European Union’s aluminium and steel in March 2018,...
On 22nd May 2021, a higher management staff of India’s largest auto component manufacturer, TVS Group promoted Wheels India Ltd. revealed that the company has planned for a capital expenditure of INR 100 crore in 2021 towards the wind energy segment and all set to develop a plant near Chennai. Srivats Ram, Managing Director of Wheels India said that the Chennai-based organisation would consider investing a 'large chunk' for the cast aluminium plant phase II development. He added: ''Wheels India is planning a capital expenditure of INR 100 crore that will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai.” “We currently have built up capacity for 350,000 wheels and we will be taking this upto 750,000wheels'', he said. “The order book was very...
The Indian aluminium and copper manufacturing company, Hindalco industries registered a whopping 189% Y-o-Y growth in consolidated profit at INR 1,928 crore in the March 2021 quarter, powered by Novelis and India aluminium business. In Q4FY21, the consolidated revenue was at INR 40,507 crore, raised by 38.20%, when matched to the corresponding quarter of last fiscal. Satish Pai, Managing Director, Hindalco Industries, said: "Our record Q4 results have strengthened our balance sheet even further, absorbing the Aleris acquisition and restoring consolidated net debt to EBITDA ratio to pre-acquisition levels. The Aleris business continues to positively impact the overall topline and EBITDA.” "Through Q4, our India business continued to rise with demand higher than pre-COVID levels," he added....
