Kibar Americas has begun production at the former Novelis aluminium plant in Fairmont, marking the facility’s return to operation more than a year after its sudden closure resulted in the loss of more than 180 jobs. The reopening was marked by a ribbon-cutting ceremony attended by local leaders and...
Tampa Brass & Aluminum is putting USD 58 million into its Hillsborough County facility following a series of new military contracts. The investment in machinery and equipment will also bring 50 new jobs to the area. The company manufactures components for the US Air Force and US Navy, handling...
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According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 48,700 tonnes on higher cargoes arrivals. The stocks stood at 214,200 tonnes as of Thursday, February 18. The chart below indicates the current status of aluminium billet...
Gränges has reportedly received the Provisional Performance Standard Certification from Aluminium Stewardship Initiative for casting and rolling operations at its Finspång AB plant in Sweden. The facility has been producing rolled strips and sheets of aluminium destined for the automotive sector....
Hindalco Industries Limited has raised its aluminium products price today. With effect from Thursday, 18 February 2021, wire rods price stands at INR 187,350 per tonne, an increase of INR 2,000 per tonne from INR 185,350 per tonne on February 11. The company is selling its aluminium billets at INR...
On 17 th February 2021, the global leader in aluminium rolling and recycling, Novelis Inc. has unveiled its strongest automotive aluminium product to date, Novelis AdvanzTM 7UHS-s701. The technologically advanced, ultra-high-strength material is now available commercially to the global automotive...
The United States aluminium crude metal and alloys imports from the United Arab Emirates rose in November 2020 after two consecutive months of decline, found the US Geological Survey. Data shows the imports in November stood at 33,900 tonnes, up by 10,600 tonnes or 45.49 per cent month-on-month. In...
On 26 th January 2021, OP Financial Group, one of the largest financial companies in Finland stated that it expects the Finnish economy to grow by 3% in 2021 and by 2.6% in 2022. Reijo Heiskanen, OP Financial Group's Chief Economist said: "The economic outlook is very clear. There will be stronger...
Aluminium powder has a range of uses at both the commercial and individual levels, which includes making explosives and fireworks, metallic paints, fingerprint powder at crime scenes, rocket fuels, etc. Slovenia’s macro-economic outlook projected recovery in 2021 and the economy is expected to...
On February 15, 2021, Maan Aluminium has reported net sales/income from operations at INR 96.53 crore for the December quarter in 2020. This is up by 3.63 per cent quarter-on-quarter from 93.15 crore but down by 23.45 per cent year-on-year from INR 126.10 crore. Net profit during the same quarter...
The United States exports of aluminium plates, sheets and bars to Canada decreased in November 2020 after two consecutive months of hike, found the latest US Geological Survey data. In November, the exports stood at 25,200 tonnes, down by 3,600 tonnes or 12.5 per cent month-on-month. In October,...
Hindalco Industries Limited has hiked its aluminium products price by INR 1750 per tonne. With effect from Thursday, 11 February 2021, wire rods price stands at INR 185,350 per tonne, an increase of 0.95%from INR 183,600 per tonne on February 10. The company is selling its aluminium billets and...
According to Dubai Industrial City, Dubal Holding’s decision to acquire 60% stake in Dubai-based aluminium extrusion company OSE Industries is a major vote of confidence in the UAE economy. The deal upgrades emirate’s position as investor-friendly manufacturing and logistics hub. UAE, the largest...
Bharat Forge, one of the leading aluminium forging house has reported a loss of INR 210.44 crore for the December’20 quarter compared to a profit of INR 40.40 crore in the comparable quarter in the previous year. The company stated that it had to deliver INR 274.26 crore during the quarter towards...
Aluminium Stewardship Initiative has welcomed Golden Aluminum Inc. as a new Production & Transformation member, bringing the total number of ASI members to 156. Golden Aluminum Inc. was formed in 1980 by Coors Brewing Company (Coors) to augment the latter’s recycling efforts of beverage cans....
On 11 th February 2021, the law firm Schultze & Braun announced, Rusal, the world's leading aluminium producer is taking over the Rheinfelden Aluminium group. This will secure the future of the century-old German aluminium manufacturer. Aluminium Rheinfelden applied for preliminary insolvency...
Hydro’s underlying EBIT in the fourth quarter of 2020 increased to NOK 1,449 million from NOK 560 million during the same period last year, driven by improved margins and volumes in downstream business and lower raw material costs in upstream but slightly offset by additional maintenance-related...
Three Constellium plants in Germany have received the Chain of Custody Standard Certification from Aluminium Stewardship Initiative. One is Constellium’s extrusion plant at Singen and the other two are automotive structure production sites at Gottmadingen and Dahenfeld. The news came on Thursday,...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China increased by 37,400 tonnes on lower shipments due to the Chinese New Year holiday. The stocks came in at 165,500 tonnes as of Wednesday February 10. Aluminium billet shipments stood at...
On 10 th February 2021, the non-profit organization focused on providing innovative implementation-ready solutions to advance the adoption of aluminium automotive body sheet, Alumobility announced the appointment of Mark White as Executive Director. Mark White will lead the organization, which was...
