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...
Grow with
AL Circle
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
The US Department of Commerce recently declared that punitive tariffs will be imposed on producers of rolled aluminium from 18 countries. The tariffs mainly go from a few percent to up to 50%. However, for Hydro Aluminum Rolled Products GmbH, a wholly-owned German subsidiary of Norsk Hydro, the...
China Customs data released that the country’s unwrought aluminium and aluminium semis exports in September 2020 stood at 426,000 tonnes, up by 7.7 per cent from 395,424 tonnes in August but down by 2.1 per cent from 435,000 tonnes during the same period last year. After the addition of September...
According to the US Geological Survey data for July 2020, India’s aluminium crude metal and alloys exports to the US increased by 127 per cent month-on-month. From 5,150 tonnes in June, India’s exports jumped to 11,700 tonnes in July, shows the data. In May, India’s aluminium crude metal and alloys...
Tunisia’s largest company “Tunisie Profilés Aluminum”, a specialized manufacturer of aluminium alloy profiles has announced its third-quarter’20 results, which reflects an overall revenue rise by 28% and this stands at TND 44,576,567 (Tunisian Dinar) against TND 34,957,488 in the 3rd quarter of...
