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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Lightweight construction on the chassis has several advantages, as it improved driving dynamics, lower fuel consumption and greater driving comfort. In regards to that Saint Jean Industries presented a bi-material brake disc at the lightweight construction summit in Würzburg. Two-part brake discs with a brake pot made of aluminium or sheet steel as well as a friction ring made of grey cast iron, ceramic or CFRP materials offer several advantages like slighter mass, higher braking performance and load capacity, better NVH behaviour and heat dissipation. However, connecting the two components and materials is still a complex and costly undertaking. Saint Jean Industries has taken on this problem and, according to Patric Auner, Business Development Manager for Saint-Jean Industries in...
The British Aluminium extrusion, fabrication and finishing firm EDMO have obtained seven-figure funding package from HSBC via the Coronavirus Business Interruption Loan Scheme (CBILS). Edmo has been a trusted name since 1978. Edmo based in Herefordshire works with a host of industries which includes aerospace engineering and healthcare. The extruded aluminium firm will use £3.6 million injections to maintain supplier payments during the ongoing COVID-19 pandemic. Andrew Stride, CEO, Edmo, said: "Our goal at Edmo is to offer every one of our customers a complete, specialist solution.” "As a direct result of the pandemic and its immediate effect on trade in the early months of the crisis, it placed huge demands on cash flow generally, but thanks to the support from our relationship director...
Constellium announced results for the third quarter ended September 30, 2020. The company reported shipments of 354 thousand tons in Q3, a decrease of 11% year-on-year on lower shipments in all three segments. Revenue stood at €1.2 billion, down 20% YoY due to lower shipments and lower metal prices. Net income came in at €20 million compared to net income of €1 million in Q3 2019. Adjusted EBITDA was €126 million, a decrease of 9% due to weaker results in the Aerospace and Transportation segment. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am very proud of our third quarter results, including our Free Cash Flow performance of €75 million in the quarter. Packaging & Automotive Rolled Products reported record quarterly Adjusted EBITDA. Aerospace & Transportation...
On 25 th October’20, Arab Aluminum (ALUM) disclosed to the Egyptian Exchange that Kharafi Construction reduced its stake from 43.20% to 37.89%. Kharafi Construction, a Grade 'A' General Contractor with the experience of executing major construction and infrastructure projects throughout Kuwait has sold 300,000 shares at EGP 30 per each, with a total amount of EGP 9 million. MAK Holding for Industry sold its entire ownership for a total value of EGP 12.01 million in a September 28th transaction. The aluminium producer, Arab Aluminium posted an 8.7% Y-o-Y decrease in its net profit during the first half of 2020. Arab Aluminum is an Egypt-based company that specializes in extruding aluminium profiles for architectural and industrial applications. The company undertakes the activities of...
Lee Kee Group has become new General Supporter member of the Aluminium Stewardship Initiative (ASI). This brings the total number of members to 140. “At Lee Kee, sustainability is integral to our business. Our policies and consistent implementation of environmentally and socially responsible measures demonstrate our commitment towards sustainable development. We are proud to join ASI in their efforts to support the aluminium sector to promote best practices in environmental, social and governance, ensuring sustainability and responsibility in every stage of aluminium’s value chain,” said Ms. Clara Chan, CEO of Lee Kee Group. Lee Kee Group delivers base metals, standard alloys, special alloys and a variety of non-ferrous metals in all over the world. The company is a major supplier of...
Angul Aluminium Park, a joint venture of Nalco and Odisha Industrial Infrastructure Development Corporation (Idco), has positioned March 2021 as the deadline to complete infrastructure works by State Govt. of Odisha, India. As per reports, the state government has started receiving investment scheme in aluminium downstream industries; importance has been given towards speedy completion of the infrastructure works at the project site. Sanjay Singh, Idco Chairman-cum-Managing Director lately visited the site and directed officials-in-charge to diligently complete the infrastructure works in the coming five months. Singh said: “Work on infrastructure development within the proposed Aluminium Park is going on in full swing. The proposed park will be ready by March next year. Instructions have...
Amag Austria Metall AG, the biggest company is the Austrian Aluminium sector and is also listed at Vienna Stock Exchange, has again recorded better incoming orders in recent months. On 22 nd October’20, Gerald Mayer, CEO, AMAG said: “In particular, the last two months were okay again. Even in the crisis, the stronger strategic orientation towards aviation and automobiles is confirmed.” “Only in the second quarter did the corona crisis halve the incoming orders, significantly worse than in the economic crisis a decade ago. But after the three bad months, it was better, especially in the last two months” Mayer believes: “The automotive sector should recover quickly and there is already another increase in orders, in aviation, it will take longer.” The CEO had already said in July: "The...
Hindalco Industries Limited has raised its aluminium products price after declining it for the second time in a row. With effect from Thursday, 22 October 2020, the company’s wire rods price stands at INR 167,100 per tonne, up by INR 1,750 per tonne, from INR 165,350 tonne on October 21. Aluminium billets price to stands at INR 163,100 per tonne Thursday, 22 October 2020, representing an increase of INR 1,750 per tonne from INR 161,350 per tonne on October 21. Hindalco aluminium ingots price has increased by INR 1,750 per tonne to INR 156,000 per tonne on October 22 The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract on LME has increased by nearly 3% so far in 2020. Aluminium operations of the...
Hydro reported underlying EBIT of NOK 1,407 million for the third quarter of 2020. That was up from NOK 1,366 million in the same quarter last year. “Our top priority is the health and safety of our people and the communities where we operate. Hydro’s organization is maneuvering the Covid-19 situation, protecting people and operations while generating cash. I am pleased to see strong cash generation as a result of our efforts. At the same time, we are pursuing our profitability and sustainability agenda, strengthening our low-carbon position and exploring new growth areas,” said President and CEO Hilde Merete Aasheim. Extruded Solutions saw a faster-than-expected recovery, especially in Europe, and a favourable cost position. Reduced raw material costs, improved fixed costs and positive...
The COVID-19 pandemic has de-stabilised most of the economies of the world, except for South Korea’s. As per the latest economic projections by the OECD, South Korea is looking at a mere 1% GDP contraction for 2020, the second-best performer among major economies behind only China. In contrast, the euro area is expected to shrink by around 8%, and the United States could see full-year contraction on the order of almost 4% of GDP. The East Asian nation’s export of aluminium tubes and pipes fittings during 2018-19 remains at 3278 tonnes and the revenue earnings stood at $24.72 million. The export for 2020 has been marked at 1440 tonnes and earnings to be standing at $15.16 million; when the export volume and earnings get assorted with the existing two years, it resembles 4718 tonnes and...
Hydro has launched a new commercial concept called Hydro EcoDesign to help customers develop aluminium products that are more functional for consumers and better for the planet. It also aims to improve social and environmental footprint. Hydro Extruded Solutions will launch Hydro EcoDesign this autumn in Europe. It will employ its network of more than 30 aluminium extrusion plants across the continent. “Hydro EcoDesign complements the growing number of products and services the company is offering in line with its sustainability strategy, including the low-carbon aluminium brands Hydro REDUXA and Hydro CIRCAL,” Hydro said. “Most of the cost of a product and its environmental impacts are committed early in the design process, on the drawing board. This is where circular economy begins, and...
Gränges, a global leader in aluminium engineering, manufacturing and innovation, has announced the financial report of Q3 2020 declaring that its sales volume increased by 1.1 per cent to 86.7 Ktonnes (85.8). However, net sales decreased to SEK 2,575 million (2,998). Adjusted operating profit in the September quarter stood at SEK 203 million (190), while adjusted operating profit per tonne amounted to 2.3 kSEK (2.2). Profit for the period came in at SEK 124 million (198). Cash flow before financing activities increased to SEK 348 million (155), including capital expenditure of SEK 61 million (409). Adjusted cash flow before financing activities was SEK 380 million (442). Gränges’ total sales volume during January-September 2020 stood down by 8.2 per cent year-on-year to 247.4 Ktonnes. Net...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 11,600 tonnes on smaller arrivals at warehouses. Aluminium billet inventories stood at 90,900 tonne as of Thursday, 22 October 2020. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan recorded the highest decline in the billet stocks. The inventories in Foshan dropped by 10,600 tonnes from last Friday to stand at 41,300 tonnes. In Changzhou and Nanchang, the billet stocks stood at 9,470 tonnes and 10,750 tonnes, down 580 tonnes and 1,950 tonnes from last Friday. But the stocks in Wuxi registered a hike of 1,560 tonnes. The inventories came in at 18,380 tonnes today. The billet stocks in Huzhou remained...
Slovenia is a developed country with an advanced, high-income economy and a very high Human Development Index. However, the EBRD, in the latest edition of its Regional Economic Prospects report, said: "A slowdown in 2019 (when Slovenia's economy grew at the rate of 2.4%) was followed by a severe recession in 2020, mainly due to the imposition of virus containment measures and disruptions in global supply chains." The Central European nation’s aluminium bar rods and profiles during 2018-19 have been recorded at 37,899 tonnes and the expenditure incurred stood at $128.60 million. The import for 2020 has been analysed to be at 19,822 tonnes and expenditure to stand at $52.67 million; when the import volume and expenditure of the preceding two years gets added it denotes, 57,721 tonnes and...
Kaiser Aluminum Corporation, a leading producer of semi-fabricated specialty aluminium products, announced third quarter and first nine months 2020 results. In the third quarter of 2020 , net sales were $256 million compared to $375 million in the prior year period, reflecting a 29% decrease in shipments and a 3% decrease in average selling price. Value added revenue stood at $154 million from $215 million in the prior year period. Adjusted EBITDA came in at $30 million in the third quarter 2020, down $27 million year-on-year. Net income was $0.4 million compared to net income of $25 million for the prior year period. Adjusted net income was $5 million, compared to adjusted net income of $29 “Solid third quarter results were driven by a rebound in automotive demand and continued strength...
Hindalco Industries Limited has reduced its aluminium products price for the second time in a row. With effect from Wednesday, 21 October 2020, the company’s wire rods price stands at INR 165,350 per tonne, down by INR 2,000 per tonne, from INR 167,350 per tonne on October 20. Aluminium billets price has dropped to stand at INR 161,350 per tonne Wednesday, 21 October 2020. That was a drop of INR 2,000 per tonne from INR 163,250 per tonne on October 20. Hindalco aluminium ingots price has declined by INR 2,000 per tonne to INR 154,250 per tonne. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract on LME has increased by nearly 3% so far in 2020. Aluminium operations of the company, excluding...
In its 2021 budget to foster an economic rebound from the recession caused by the coronavirus crisis, the Italian government has approved a new stimulus package. Roberto Gualtieri, Minister of Finance and Economy communicated over social media handle by saying: “Expansionary measures in 2021 will total more than 39 billion euros ($45.70 billion), including some 15 billion euros of grants from the European Union's Recovery Fund.” Italy’s import of aluminium powder and flakes during 2018-19 has been recorded at 2970 tonnes and the expenditure incurred remained at $13.08 million. The evaluated import for 2020 has been marked at 1017 tonnes and expenditure to stand at $4.80 million; when the import volume and expenditure of the existing two years gets added it signifies 3987 tonnes and $17.88...
AMAG has recently received the ASI Chain of Custody Standard Certification for its comprehensive sustainability activities towards the supply chain of the aluminium industry. This certification from the Aluminium Stewardship Initiative plays a crucial role for the assurance of transparency and quality. Since 2018 after receiving ASI certification against the Performance Standard, AMAG has been guaranteeing compliance with strict environmental, social, and governance criteria. AMAG’s strategic focus is always on innovative special products and sustainability. The current ASI Chain of Custody Standard Certification is taking AMAG’s sustainability activities up to another level. The company is extending its efforts beyond the confines of the Ranshofen site. With the involvement of the whole...
