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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Iran’s economy is a mixed and transition economy with a large public sector. It is counted as the world's eighteenth largest by purchasing power parity. Some 60% of Iran's economy is centrally planned. Although, FocusEconomics Panellists see the economy contracting 7.3% in SH 2020, which is up 1.2% points from last month's forecast. In SH 2021, the economy is seen growing by 2.6%. The Western Asian nation’s import of aluminium sheets, plates and strips during 2018-19 was recorded at 8898 tonnes and the expenditures occurred due to the import stood at $14.44 million. The import for 2020 is expected to reach at 6241 tonnes, with expenditure to stand at $12.26 million. However, when the import volume and expenditure for 2020 gets added with the preceding two years, it resembles 15,139 tonnes...
On 3 rd November’20, Qatar Aluminium Extrusion Co (QALEX), announced the acquisition of the assets of Abdul Noor Aluminium Extrusion Factory. Abdul Rahman bin Abdullah Al Ansari, Chairman of QALEX and Jassim Abdul Noor, Chairman of Abdul Noor Aluminium Extrusion Factory signed the purchase agreement. The deal was funded in cooperation with Qatar Development Bank (QDB), who manifested full cooperation as part of their mission to support small and medium enterprises and industrial sectors in general within Qatar, by increasing QALEX’s paid-up capital, through a call-up from the Authorized Capital of QR100m from the partners of QALEX. The partners of QALEX are Qatar Industrial Manufacturing Company (QIMC), in collaboration with other leading companies such as Salam International Investment...
Constellium has received Aluminium Stewardship Initiative (ASI) Performance Standard certification for its extrusion plant in Singen, production sites in Gottmadingen and Dahenfeld. These facilities manufacture aluminium components and structural elements primarily for the automotive sector. The ASI Certification program is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. The program was developed through an extensive multi-stakeholder consultation process. The independent, third-party audits of the Constellium facilities were carried out by GUTcert (AFNOR Group). Fiona Solomon, Chief Executive Officer at ASI said, “ASI congratulates Constellium on their Performance Standard certification covering their Singen, Gottmadingen and Dahenfeld...
JW Aluminium, a leading producer of flat-rolled aluminium products, which are used in a wide variety of commercial and consumer applications based in South Carolina, USA, has successfully commissioned the Roll Grinding Machine and Roll Shop Equipment for the new Hot Rolling Mill towards the expansion plant. Tenova, under the Pomini brand, is a worldwide leader in the production of roll grinders, for rolls belonging to flat products mills and delivers also special machines for grinding of heavy pieces, was selected by JW Aluminium in 2018 for the supply of a new automatic grinding machine for work rolls and back-up rolls, of a combined chocking-dechocking machine and a chock tilter. The equipment was all designed to be used also with the rolls of the cold rolling lines already in operation...
The economy of Ivory Coast is stable and currently growing; however, the GDP of the nation is expected to reach $48.00 billion by the end of 2020, according to Trading Economics global macro models and analysts’ expectations. In the long-term, the Ivory Coast GDP is projected to trend around $54.00 billion in 2021 and $58.00 billion in 2022, according to our econometric models. The import of aluminium structures of the West African nation during 2018-19 has been recorded at 899 tonnes and the revenue expended for the import stood at $5.51 million. The import for 2020 is likely to reach at 685 tonnes and the expenditure to stand at $4.30 million. When the import volume and expenditure of 2020 gets assorted with the previous two years, it denotes 1584 tonnes and $9.81 million respectively....
Hindalco Industries Limited has extended the growth of its aluminium product prices with effect from Tuesday, November 3. The price of Hindalco’s aluminium wire rods has been raised by INR 1,750 per tonne from INR 166,350 per tonne to INR 168,100 per tonne, as of November 3. With the latest hike, the company’s aluminium billets price has come in at INR 164,100 per tonne, registering a hike of INR 1,750 per tonne as well from INR 162,350 per tonne. Hindalco’s aluminium ingot price has also been grown by INR 1,750 per tonne from INR 155,250 per tonne to INR 157,000 per tonne, as of November 3. Hindalco generally links its aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which in the last two days rose from US$ 1786 per tonne to US$ 1834.50 per...
Hindalco Industries Limited has hiked its aluminium products price after declining it for the second time in a row. With effect from Saturday, 31 October 2020, the company’s wire rods price stands at INR 166,350 per tonne, up by INR 2,750 per tonne, from INR 163,600 tonne on October 31. Aluminium billets price to stands at INR 162,350 per tonne as of Saturday, 31 October 2020. This marks a growth of INR 2,750 per tonne from INR 159,600 per tonne on October 30. Hindalco aluminium ingots price has increased by INR 2,750 per tonne to INR 155,250 per tonne on October 31. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are flat so far in 2020. Aluminium operations of the company,...
On 29 th October’20, MBF Aluminium in France carries out the procedure of filing for bankruptcy of the foundry before the commercial court of Dijon. Saint-Claude based MBF Aluminum foundry is in default of payment, being unable to settle its debts. To act on this new aspect of the procedure, a meeting of the Social and Economic Committee (CSE) was held on 29 th October’20 and the Chairman of the company Mr Gianpiero COLLA, was due, the same afternoon, to perform filing for bankruptcy with the Dijon Commercial Court. From there, the foundry could be placed in a period of receivership and the payment of wages taken care of by the Guarantee Fund. "This is an important and unknown step,” says the unions of the company, who are not surprised by this suspension of payment and announce that from...
Wheels India Ltd. commissioned new cast aluminium wheel plant with an investment of INR 177 crore. The facility, located at Thervoy Kandigai, Tamil Nadu, will have an annual production capacity of 7.5 lakh wheels. Srivats Ram, MD, said, “We will start shipping cast aluminium wheels shortly. Initially, it will be for exports but we will look at the domestic market as well, going forward.” Net profit stood at INR 7.43 crore for the second quarter ended September 30, down from INR 28.67 crore a year earlier. The company reported revenue of INR 510.84 crore. That was down 14% from INR ₹595.63 crore a year earlier. “After the lockdown [began] in March, we started running our plants at some level only towards the end of the first quarter,” he said. “With the unlocking of the economy, we reached...
Nasmyth, a global supplier of precision engineering solutions and metals has signed a multi-million-pound contract with Incora, the global provider of innovative supply chain solutions to the aerospace and other industries, will manufacture precision engineered components for multiple platforms including new and aftermarket OE build and support to Legacy Engines. Nasmyth Bulwell team will carry out the seven-year contract, from their state-of-the-art manufacturing facility in Pinxton, Nottinghamshire and Nasmyth Group’s manufacturing team in Asia. Nasmyth Bulwell has delivered high quality, uniquely integrated precision engineering and manufacturing solutions for the global aerospace industry for more than 60 years. The company is specialised in the manufacturing of solid machine...
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Friday, 30 October 2020, the company’s wire rods price stands at INR 163,600 per tonne, down by INR 1,250 per tonne, from INR 164,850 tonne on October 28. Aluminium billets price to stands at INR 159,600 per tonne Friday, 30 October 2020, marking a drop of INR 1,250 per tonne from INR 160,850 per tonne on October 28. Hindalco aluminium ingots price has decreased by INR 1,250 per tonne to INR 152,500 per tonne on October 30 The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium prices on LME are flat so far in 2020. Aluminium operations of the company, excluding those of its US arm...
The economy of Greece to grow 2.8% in 2020 in regards to investment, lower taxes, and budget projects. As per Reuter’s report in the last phase of the previous year, Greece expects its economy to grow by 2.8% in 2020, driven by higher investments, improving domestic demand and tax cuts as the country recovers from a decade-long debt crisis. However, in September’20, FocusEconomics panellists see GDP contracting 7.9% in 2020 before growing 5.2% in 2021, which is down 0.5% points from last month's projection. The South-eastern European nation’s import of aluminium structures during 2018-19 has been recorded at 3847 tonnes and the expenditure incurred stands at $19.24 million. The import for 2020 is expected to reach at 2204 tonnes and expenditure to outreach at $11.77 million. However, when...
Bulgaria’s aluminium products manufacturer Alcomet reported net profit of 818,000 levs in the first nine months of 2020, down from 8.3 million levs in the first nine months of 2019. Sales of extruded products increased by 10.2% year-on-year to 19,878 tonnes. Rolled products sale came in at 33,931 tonnes, up 3.2% year-on-year. Total sales rose to 53,809 tonnes, from 50,926 tonnes last year. Germany, Poland and Italy were the top importers of the company’s products in the first three quarters of 2020. Revenue stood at 263.1 million levs in the January-September 2020 as compared to 273.7 million levs in the January-September 2019. The output of extruded products increased to 19,240 tonnes from 17,414 tonnes a year earlier. Rolled products production dropped to 33,974 tonnes from 34,184...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 700 tonnes from previous week to stand at 90,200 tonne as of Thursday, 29 October 2020. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan saw significant drop in the billet stocks. The inventories in Foshan declined by 8,800 tonnes from last week to stand at 32,500 tonnes. In Changzhou and Nanchang, the billet stocks stood at 10,010 tonnes and 12,560 tonnes, an increase of 540 tonnes and 1,810 tonnes. The stocks in Wuxi and Huzhou rose by 1,720 tonnes and 4,000 tonnes on Thursday, 29 October 2020 to stand at 20,100 tonnes and 15,000 tonnes today.
AMAG Austria Metall AG has announced the comprehensive financial and operational reports for the first nine months of the year 2020, revealing that its revenue decreased by 18.1 per cent year-on-year from EUR 821.5 million to EUR 673.2 million. Earnings before interest tax, depreciation and amortisation (EBITDA) also plunged by 26.92 per cent from EUR 109.2 million to EUR 79.8 million during January-September 2020. The Y-o-Y decline in revenue and EBITDA reflects lower total shipment volumes in the Casting and Rolling Divisions – especially in the transport sector and in the distribution area – accompanied by a change in the product mix and lower price levels. Although primary aluminium shipments increased compared with the previous year, total shipments stood down from 336,500 tonnes in...
Hungary's economy could shrink by 5% in 2020, says Mihály Varga, Finance Minister. Earlier data showed that Hungary's industrial output dropped by 30.7% on the year in May after a 36.8% plunge in April, as the volume of output dived across the board in manufacturing. The fall was especially significant in car manufacturing. The landlocked Central European nation’s import of aluminium tubes and pipes during 2018-20 has been recorded at 9367 tonnes and expenditure occurred due to the import accounted at $48.17 million. The import for 2020 has been predicted to reach at 3490 tonnes and expenditure to stand at $18.28 million. However, when the 2020 import volume and expenditure gets assorted with the existing two years, it depicts 12,857 tonnes and $66.45 million respectively. In 2018,...
A proud and trusted supplier of Aluminium flat-rolled products, Bridgnorth Aluminium has been reported with COVID-19 outbreak; at least 19 peoples got infected at the factory. The Shropshire Public Health Director has warned Shropshire was 'on the edge of having further restrictions' imposed. All the COVID-19 positive detected staffs of Bridgnorth Aluminium are self-isolating for at least 10 days and contacts are isolating for 14 days. The metal manufacturer, based off Old Worcester Road, is working with Shropshire Council and Public Health England (PHE) Midlands to manage the situation. A spokesperson for Bridgnorth Aluminium said: “We confirm that 19 employees from our site have tested positive and are now self-isolating.” “PHE and Shropshire Council have been informed and we would like...
Kanfit Ltd based in Nof HaGalil, Israel, is to render the Additive Manufacturing of aluminium parts through its subsidiary Kanfit3D, with the addition of an SLM® 280 Laser Beam Powder Bed Fusion (PBF-LB) AM machine from SLM Solutions, Lübeck, Germany. Kanfit3D specialises in additive manufacturing for the medical and aerospace sectors. The SLM 280 machine enables the medium- to high-volume production of aluminium parts and prototypes and was installed remotely in a joint effort between Kanfit3D’s technical team and SLM Solutions via telephone video conferencing, due to the travel restrictions imposed by the COVID-19 pandemic. It joins Kanfit3D’s EOS M290 PBF-LB AM machine from EOS GmbH, Krailling, Germany, which is used for producing Ti64G5 parts. Zachy Shtamler, COO of Kanfit3D, said:...
