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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The deadline granted for takeover bid to the French automotive foundry MBF Aluminium in Saint-Claude (Jura) which has been in receivership position since 4th November’20, has been postponed from 20th January to 9th February by the Dijon commercial court. In the recent weeks, four interested...
According to the International Monetary Fund (IMF), the Croatian authorities should find a balance between short-term priorities of economic support amid the COVID-19 pandemic and medium-term priorities of restoring fiscal space and raising productivity and growth through green and digital public...
Hindalco Industries Limited has cut its aluminium products price by INR 2250 per tonne. With effect from Friday, 29 January 2021, wire rods price stands at INR 178,600 per tonne, a decrease of 1.24% from INR 180,850 per tonne on January 26. The company is selling its aluminium billets and aluminium...
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China climbed by 16,400 tonnes on lower shipments. The inventories stood at 100,700 tonnes as of Thursday, 28 January 2021. Aluminium billet shipments reduced to 36,100 tonnes this week on lower...
Salzburger Aluminium Group concluded 2020 better than the automotive industry average, as the Group’s sales revenue recorded around € 155 million with a positive EBIT. The internationally successful manufacturer of high-quality aluminium components for the automotive, commercial vehicle and railway...
Slowdown in demand due to the global manufacturing downturn amid the COVID-19 pandemic has resulted in a decline in Japan’s aluminium products output for 2020, found the Japan Aluminium Association. Data shows production of rolled and extruded aluminium products decreased by 10 per cent from a year...
Gränges, a supplier of rolled aluminium products for heat exchanger applications, reported sales volume of 350.6 ktonnes during the full year 2020, an increase of 0.9 per cent year-on-year. Net sales decreased by 8.1 per cent to SEK 11,008 million. Excluding acquisitions, sales volume and net sales...
Nigeria has entered into a recession after its GDP plunged for the second consecutive quarter. Africa’s biggest economy is in recession for the first time since 2016. The recession four years ago was its first in a generation, and the country emerged from it the following year. However, growth has...
On Wednesday, January 27, global aluminium rolled products manufacturer Constellium and American industrial aluminium company Novelis announced the launch of Alumobility, a non-profit organisation to provide innovative, implementation-ready solutions for advancing the adoption of aluminium...
On 28 th January 2021, the Japanese multinational organization Showa Denko KK stated that it would sell out its aluminium division to American investment firm Apollo Global Management as the manufacturer measures to divest assets. Showa Denko distinctively plans to sell out its aluminium rolling...
The prosperous aluminium industry in the United Kingdom may see a shortfall in annual production by about 4.7 billion units and also the plant closures if a flat rate deposit return scheme (DRS) is adopted, according to Aluminium Packaging Recycling Organisation’s (Alupro) analysis on the...
The Cardiff-based aluminium fabricator Dudley's Aluminium has injected £96,000 in machinery as it pursues to work on multiple important projects across the UK. The company has procured a Phantomatic M3 CNC machining centre, featuring three controlled axes allowing processing on three sides of the...
It has been said that quiet is sometimes the best way to control a pandemic. As per Australian Institute of International Affairs, Brunei is Southeast Asia’s most overlooked nation and it has proven its bureaucratic brass and state system functionality, and its success gives credence to its...
On 22 nd January 2021, the global leader in aluminium rolling and recycling, Novelis Inc., has publicized the name of Chris Courts as Senior Vice President and General Counsel, Corporate Secretary and Compliance Officer. In this role, Courts will have responsibility for all legal matters across the...
Skoda Vagonka applauds the opening of Europe's largest aluminium machine tool in Ostrava. The device is part of a large investment aimed at significantly increasing and accelerating the production of aluminium-box vehicles. The Skoda Transportation Group announced that the value of investments in...
According to Shanghai Metals Market, 6063 aluminium billet inventories gained 1,600 tonnes week-on-week, ending on Thursday, January 21, across the five major Chinese consumption areas. Data shows the inventories this week has come in at 84,300 tonnes versus 82,700 tonnes last Thursday, January 14....
Senegal has remained as an attractive after the COVID-19 pandemic and it is a known fact that Senegal, of all Francophone African countries, indisputably offers a very welcoming environment for foreign investors, and delivers numerous advantages. Senegal is very politically stable and has...
Lotus’ new manufacturing facility at Hurricane Way, Norwich, has accomplished the first extruded and bonded aluminium chassis. The unit, a chassis for the legendary Lotus Elise, was built for the validation and quality checking of the new manufacturing process. Even though not destined for a...
