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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Hydro has supplied 400 tonnes of Hydro CIRCAL to HELL ENERGY for beverage can production. Can production at HELL ENERGY's subsidiary in Hungary, Quality Pack, has started and will be available in stores in mid-February. Hydro CIRCAL is an aluminium strip which contains a high ratio of post-consumer...
Aluminium Stewardship Initiative has certified Alu-Met GmbH against Performance Standard Certification for re-melting and casthouse operations at Aluminium GmbH Nachrodt plant in Nachrodt, Germany. The facility has a total annual capacity of 75,000 tonnes of extrusion billets of 6000 alloy series...
India is rapidly moving to become a global hub for automotive manufacturing, but still, some key components which are required in manufacturing processes are imported. Driving towards a change, Vedanta Limited, India’s leading aluminium producer, announced the formal launch of aluminium cylinder...
On 10 th February 2021, the metals Flagship Company of Aditya Birla Group, Hindalco Industries reported a consolidated profit after tax at INR 1,877 crore for the Q3 ended 31 st December’20, which is up by 77% Y-o-Y and 385% consecutively. Hindalco posted a consolidated profit of INR 1,062 crore in...
Hydro announced that its entire aluminium extrusion operations in Europe are now certified against the Aluminium Stewardship Initiative (ASI) Performance Standard. This came after Hydro automotive components plant in the United Kingdom received ASI certification. “This is a remarkable achievement...
The economy of Iceland is predicted to recover in 2021, as the global economy reopens and international travel resumes. Although there is uncertainty over the evolution of the pandemic lingers and clouds the outlook, posing a key downward risk to recovery. As per FocusEconomics panellists, the...
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices for the third time in a row, albeit slower than the previous time, with effect from Tuesday, February 9. Hindalco’s aluminium wire rod price has come in at INR 181,850 per tonne after being raised by INR...
Argentina had an estimated decline in GDP of 11.8% in 2020, primarily due to the impacts of the COVID-19 pandemic. The nation had one of the strictest and lengthiest lockdowns in the world and, although the pandemic didn't cost as many lives in Argentina as it did in other large Latin American...
Shanghai Metals Market data showed 6063 aluminium billet inventories increased by 27,400 tonnes this week, ending on Thursday, February 4, across five major consumption areas, including SHFE warrants. The stocks thus came in at 128,200 tonnes compared to 100,700 tonnes last week, mainly...
Bulgarian manufacturer of rolled and extruded aluminium products ‘Alcomet AD’ posted a standalone net loss of 3.8 million levs (€1.8 million) in 2020 from a net profit of 8.6 million levs in 2019. In an annual financial statement, Alcomet stated that the revenue generation shrunk to 348.1 million...
On Wednesday, February 3, Novelis Inc., the world leader in aluminium rolling and recycling, reported a net income attributable to common shareholder of $176 million in the third quarter of the financial year 2020-21, up 64 per cent year-on-year. The company’s net income from continuing operations...
The economy of Belarus was already grappling to power growth before both the corona pandemic and the political protests following the August’20 presidential election. As forecasted, the GDP is supposed to grow by just 2% in 2021 amid country-wide protests and Belarus's isolation on the...
On 2 nd February 2021, the leading auto components manufacturer, Endurance Technologies declared its commencement of commercial production at the Company's new plant situated at SIPCOT Industrial Park in Sriperumbudur, Tamil Nadu. The new plant will manufacture aluminium die-castings and carry out...
Hindalco Industries Limited has further reduced its aluminium products and aluminium ingot prices, albeit slower than the previous time, with effect from Wednesday, February 3. The company reveals that it is now selling its aluminium wire rod price at INR 176,850 per tonne compared to 178,600 per...
The metal segment of En+ Group, Rusal, the world's largest producer of low carbon aluminium, has announced its partnership agreement with Hodaka, a Taiwanese innovative producer of high-quality aluminium alloys, to supply aluminium products with low carbon footprint. RUSAL and Hodaka partnership...
On Tuesday, February 2, Emirates Global Aluminium, the world’s biggest ‘premium aluminium’ producer, announced that it secured BMW as the first customer for its solar-powered CelestiAL aluminium. According to the contract, EGA will supply 43,000 tonnes of the UAE’s first-of-a-kind aluminium,...
According to the Shanghai Metals Market survey, aluminium processors’ operating rates declined last week by 3.6 percentage points from a week ago, primarily attributing to less operation ahead of the Chinese New Year (CNY) holiday and tight logistics. Construction extrusion, wire and cable, and...
The English company Aspen Pumps based in Hailsham has acquired Malaysian-based manufacturing company of high-end aluminium and metal-based components for the lighting, air conditioning and electrical industries, LNE Group. LNE was founded in 2002 by an Englishman named Mark Rampling, while the...
