Five years after taking control of Metra, KPS Capital Partners is preparing to hand over the aluminium extrusion company to Poland’s Grupa Kęty in a deal valued at EUR 645 million (USD745 million). The transaction, which is expected to close in the first quarter of 2027 pending customary approvals,...
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...
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Constellium has received two awards for “Lowest Carbon Emissions” and “Most Improved Carbon Emissions” based on its 2019 power consumption. The company’s Bowling Green, Kentucky facility has been recognized as an “exemplary environmental steward” by the Tennessee Valley Authority (TVA). The...
Thyssenkrupp Aerospace, the customized global supply chain solutions for the aerospace industry and Dynamatic Technologies Limited (DTL), an Indian company involved in precision engineering are reinforcing their partnership, which commenced in 2006, with an expanded framework agreement. In the next...
Almin Metal Industries limited, a Zimbabwean company founded in 1969 and a leader in the business of manufacturing and marketing of aluminium profiles for architecture, irrigation and general engineering purposes, has been glorified by the Industry and Commerce ministry for raising Zimbabwe's flag...
Alvance Aluminium, a subsidiary of industrial tycoon Sanjeev Gupta’s GFG Alliance, declared that it would invest £94 million in expanding its Fort William operations by building new facilities for aluminium casting and recycling. This project is expected to secure Fort William’s future as a ‘Green...
Hydro’s aluminium building systems site in Landen has been certifies against the Aluminium Stewardship Initiative’s Performance Standard. The certification covers the the site’s aluminium conversion operations. Hydro serves as the logistics and administrative center for the company’s aluminium...
The Aluminum Association applauded USITC’s decision unanimous preliminary determination that certain aluminium foil imports from Armenia, Brazil, Oman, Russia, and Turkey are causing injury to U.S. producers. The U.S. Department of Commerce will now continue to conduct antidumping and...
Grupa Kęty S. A. has joined the Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 142. “We are aware that we impact the environment in a direct and indirect way. Therefore, we operate such as to reduce that influence...
NanoAL, LLC has announced the launch of Addalloy 5T Aluminium Alloy Powder for additive manufacturing. The high-performance Aluminium-Magnesium-based alloy is developed via laser powder bed fusion. “I’m excited to see Addalloy powder product commercialized, enabling engineers and designers to fully...
Aluworks Limited, an aluminium continuous casting and cold rolling mill located at the port city of Tema, Ghana is seeking $40 million to revamp its operations to stand strongly against the dumping of cheap Chinese aluminium products on the Ghanaian market. The aluminium plant with a capacity of...
The aluminium factory in Duffel is under the drive of the new owner Alvance for a major investment program, perhaps even 300 million euros. Alvance Aluminium Duffel said: "Tesla is building a car factory in Germany, and it wants our aluminium." Geert Vannuffelen, Vice President Operations, Alvance...
Malta's economy is dependent on foreign trade, manufacturing, and tourism. The economy is severely affected by the COVID-19 pandemic this year. GDP is expected to contract by around 5¾% but should rebound by 6.0% in 2021. A fall in domestic demand is expected to drag imports down at a slower pace...
Vedanta has increased the prices of its aluminium product and aluminium ingot for the third time in a row, with effect from Friday, November 13. The last time Vedanta hiked its aluminium prices was on November 4. This week, the company has raised its aluminium wire rods price by INR 1,500 per tonne...
The downstream segment of the Indian Aluminium industry positions itself to support the Govt. of Indian’s campaign for Self-reliant India, said by Pragun Jindal Khaitan, Managing Director and Vice-Chairman of Jindal Aluminium. Jindal also stated that it comes from the vision of being a country that...
Manaksia Aluminium Company, a producer of aluminium rolled products in coil and sheet form, has released its results for the quarter ended September 2020. Net profit stood at INR 0.78 crore in the September quarter as against INR 1.29 crore during the previous quarter ended September 2019. This...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined 6,700 tonnes from previous week to stand at 87,900 tonne as of Thursday, 12 November 2020. Stocks in Foshan dropped sharply this week The chart below indicates the current...
The outrigger mat and lifting gear division of UK’s Crowland Cranes, TMC Lifting Supplies rolls-out the Mod Lite aluminium outrigger support mats. The drive comes following the launch of TMC’s Power-Pad HD Lite mats in July. TMC Lifting Supplies is known for supplying all types of outrigger pads....
Arconic Corporation reported revenue of $1.4 billion in third quarter 2020, marking 19% growth quarter-on-quarter due to strength in automotive end-market volumes. But revenue dropped by 22% year over year due to the impact of the pandemic. Net income stood at $5 million in third quarter 2020...
The United Arab Emirates’ aluminium crude metal and alloys exports to the US soared by 358.5 per cent month-on-month in August 2020 to come in at 33,700 tonnes, found the US Geological Survey’s latest data. This hike marks the second consecutive month of increase in the UAE’s aluminium crude metal...
