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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India-based aluminium extrusion producing company MAAN Aluminium has reported the financial results of the September quarter 2020 revealing that its net profit increased by 7.01 per cent year-on-year from INR 3.14 crore to INR 3.36 crore, despite the decline in sales by 43.09 per cent to INR 93.15...
Bosnian firm Maksimovic Komerc plans to infuse €1.3 million in the production of Aluminium and PVC carpentry profiles in leased premises in Stanari, the Stanari municipal government said. The mayor of Stanari, Dušan Panić, signed a contract with the investor "Maksimović komerc" from Doboj on a...
Fehrmann Alloys, based in Hamburg, Germany, has added new high-performance alloy for 3D printing to its aluminium alloy portfolio. The company has introduced AlMgty 90 at Formnext Connect 2020. . The new aluminium alloy AlMgty 90 comes with a 25 percent higher hardness than its predecessor. The new...
The Volkswagen Poznań foundry is one of the largest aluminium foundries in Europe and also the third-largest in the VW concern. It is from the capital of Wielkopolska that almost all companies belonging to the German giant leave for factories around the world. This is where the transmission...
Metalex has announced an investment of 50 million Reais ($9.3 million) to expand scrap treatment and extrusion billet production capacity, Fastmarkets MB reported. The expansion plan is divided in to two phases. Metalex, an industrial aluminium recycling unit in Araçariguama, is fully owned by...
Croatia's economic freedom score is 62.2, making it's economy the 84th freest in the 2020 Index and the major industries comprise shipbuilding, construction, petrochemicals, and food processing. However, the country’s economy is expected to shrink 8.5% this year as a result of the COVID-19...
The US imported 270,000 tonnes of crude metal and alloys in August in 2020, a jump of 266% from 73,800 tonnes in August 2019. On a month-on-month comparison, imports rose by 7% from 253,000 tonnes in July, according to the latest Mineral Industry Survey report from US Geological Survey. In the...
Novelis’s net loss stood at $37 million, down 130 percent versus the prior year due to a $181 million net loss associated with discontinued operations. Net income rose 17 percent year-on- year to $144 million for the second quarter of fiscal year 2021. Excluding tax-effected special items in both...
Granges Aluminium assigned new management for its operations in Europe, following the completion of the acquisition of Aluminium Konin. Gränges’ operations in Europe incorporate of the acquired business Aluminium Konin in Poland, the operations in Finspång in Sweden, and the business unit Gränges...
In August 2020, the United States imported 205,000 tonnes of aluminium crude metal and alloys from Canada, extending decline for the third month in a row, albeit marginally by 1,000 tonnes or 0.49 per cent, found the US Geological Survey. The United States aluminium semis imports from Canada in...
The benchmark A380.1 secondary aluminium alloy price in the United States has increased for the 13 th consecutive week to reach 23-months high, buoyed by rising raw material costs and strong demand from automotive die-casters. Fastmarkets assessed aluminium alloy A380.1 was delivered Midwest at...
On 6 th November’20, Gränges has completed the previously announced acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition of Aluminium Konin, communicated on 28 th November’19, will strengthen Gränges’ product offering and presence in Europe and contribute with...
Ajay Kapur, CEO - Aluminium & Power at Vedanta Limited, has pointed out in a recent interview that transportation accounts for the largest share of aluminium consumption at 27 per cent across the globe. The use of aluminium in the auto sector surged after the oil crisis in 1970s, triggering fuel...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased this week due to higher arrivals. The inventories rose 4,400 tonnes from previous week to stand at 94,500 tonne as of Thursday, 05 November 2020. The chart below indicates the...
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%...
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...
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...
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...
