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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The economy of Japan is a highly developed free-market economy. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). However, the Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic, as the economy...
Jindal Aluminium official has pointed out that China’s aluminium flat rolled products exports to India, resulting in reducing prices, is taking a severe toll on domestic downstream MSME producers. Hence, the company has urged the government to remove import duty on primary aluminium to encourage...
According to a recent survey, India is expected to be not significantly affected by the anti-dumping duties imposed by the United States on common alloy aluminium sheets, as the former supplies small amount of the product to the latter. Late last week, the United States Department of Commerce...
Hindalco Industries Limited has increased the aluminium products price for the fourth time in a row. With effect from Saturday, 10 October 2020, the company’s wire rods price has registered a hike of INR 1,500 per tonne from INR 162,100 per tonne to stand at INR 163,600 per tonne. Aluminium billets...
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have surged during the National Days holidays from October 1 to 8 across five major consumption areas. As per the data, aluminium billet inventories have expanded by 42,000 tonnes from pre-holiday levels to stand at...
On 9 th October’20, the US Department of Commerce announced that it would impose preliminary anti-dumping duties "immediately" on imports of aluminium alloy sheets from 18 countries, which includes Germany, Bahrain, Brazil, Spain, India and Italy. Wilbur Ross, US Secretary of Commerce, said: “In...
Gränges, a supplier of advanced aluminium products and solutions, expects sales volume and adjusted operating profit for the third quarter 2020 to exceed the current market expectations. The company’s sales volume for the third quarter is likely to be 86.7 ktonnes (85.8). The adjusted operating...
Hindalco Industries Limited has hikes the aluminium products price for the third time in a row. With effect from Friday, 09 October 2020, the company’s wire rods price has risen to stand at INR 162,100 per tonne, an increase of INR 2,250 per tonne from INR 159,850 per tonne on October 7. Aluminium...
Paul Warton, President of Automotive Structures and Industry Business Unit at global aluminium company Constellium, has been appointed as Executive Vice President for Hydro’s Extruded Solutions business area. The 59 years old aluminium industry professional, Paul Warton will report to President and...
Gränges has announced the signing of an agreement with Boryszew S.A. on a new structure regarding the purchase price for the acquisition of Aluminium Konin, the Polish flat rolled aluminium producer. The acquisition will enhance Gränges' product offering and presence in Europe. The acquisition will...
Fehrmann Alloys GmbH based in Hamburg, Germany, will introduce its new high-performance aluminium alloy for Additive Manufacturing, AlMgty-90, at this year’s Formnext, which will take place digitally from 10 th -13 th November’20. The company simplifies that AlMgty-90 is rooted on its AlMgty-80...
Novelis Brazil has selected Danieli Centro Combustion for the supply of a new pit furnace to heat ingots, to be installed at the Pindamonhangaba plant, Brazil. The purpose of the new facility is to heat the aluminium ingots more than 20% faster than the existing facilities. The furnace will load 2...
Canada’s aluminium crude metal and alloys exports to the United States extended decline by 8.04 per cent for the second month in a row to stand at 206,000 tonnes in July 2020, found the US Geological Survey data. Canada’s aluminium alloy exports to the US started decreasing from June after several...
Hindalco Industries Limited has raised the aluminium products price for the second time in a row. With effect from Wednesday, 07 October 2020, the company’s wire rods price has increased to stand at INR 159,850 per tonne, an increase of INR 1,250 per tonne from INR 158,600 per tonne on October 6....
Luoyang Wanji Aluminium Processing Co., Ltd. has received Aluminium Stewardship Initiative (ASI) Performance Standard certification for its rolling facility in Luoyang City, China. The plant produces foils for use in a wide variety of sectors such as transportation, packaging, building supply,...
Azeraluminium LLC, a subsidiary of Azerbaijan Industrial Corporation OJSC, has entered into a preliminary agreement with Achenbach Buschhütten to increase aluminium production in Azerbaijan, reported Day.az. “As a result of the cooperation between AIC and Achenbach Buschhütten, it will be possible...
Hindalco Industries Limited has hiked its aluminium products price today after cutting it on October 2. With effect from Tuesday, 06 October 2020, the company’s wire rods price has increased to stand at INR 158,600 per tonne, an increase of INR 1,750 per tonne from INR 156,850 per tonne on October...
MBF Aluminum, based at Eastern France, in the heart of the Jura Mountains in Saint-Claude, is recognized as one of the European specialists in the injection moulding of aluminium parts for the automotive sector, could see its workforce reduced by half, if it is believed that the recommendations...
