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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On 22 nd September’20, Aluminium Rheinfelden has applied for protective shield proceedings; these are preliminary insolvency proceedings with high requirements. This enables viable companies to improve their chances of restructuring. Rheinfelden Alu currently employs 256 staffs. Aluminium...
The European Commission is likely to impose provisional antidumping duties of up to 48% on aluminium extrusions from China. The Commission opened an investigation in February 2020. The European Commission now found that extrusions have been sold in the European Union “at prices so low that they can...
According to the Shanghai Metals Market, China's aluminium billet inventories have continued to increase this week ending on Thursday, September 24, marking the fourth consecutive week of rise. The inventories are now standing at 71,500 tonnes after gaining 3,900 tonnes over the week across five...
According to a Reuters report, China’s imports of unwrought aluminium and aluminium products stood at 429,464 tonnes in August, the highest in more than 11 years, according to the General Administration of Customs. The increase in import was due to lower overseas prices. China remained a net...
Hindalco Industries Limited has continued to reduces its aluminium products price for the second time in a row. With effect from Thursday, 24 September 2020, , the company’s wire rods price stands at INR 156,600 per tonne, marking a drop of INR 1,500 per tonne from INR 158,100 per tonne on...
Aluminium Stewardship Initiative has certified AMAG Austria Metall AG against Custody Standard Certification for aluminium remelting/recycling, casting, and rolling activities at production facilities in Ranshofen, Austria. High-quality cast alloys are manufactured in Ranshofen from recycled...
The EU Commission on 23 rd September’20 has approved Gränges’ acquisition of the Polish flat-rolled aluminium producer Aluminium Konin. The acquisition is thereby approved by all relevant competition authorities. Today’s announcement is followed by the 28 th November 2019 Gränges’ agreement to...
Maan Aluminium has been conferred the Two Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry in accordance with the provision of Foreign Trade Policy, 2015-20. “Two Star Export House Recognition Certificate has been issued on September 10, 2020, which...
Hydro has received certification for the supply of Hydro REDUXA aluminium as rolled products, extending the low-carbon portfolio. DNV GL, an independent classification society, has certified the company’s entire process chain, down to finished strip and sheet from the rolling mill in Karmøy,...
Aluminium Stewardship Initiative has certified Kunshan Aluminium Co., Ltd. against Custody Standard Certification for its production facilities in Kunshan City, Jiangsu Province. The news came after ASI officially announced on Wednesday, September 23, that it successfully certified the facility for...
Alucast’s fresh £2.5 million investment in its new CNC machining shop is paying off, as the new technology is playing a vital role by supporting the firm to secure new contracts in the electrification sector. The UK’s leading independent aluminium foundry is using its up-scaled five-axis capability...
According to the US Geological Survey data, the United States exported 49,800 tonnes of aluminium plates, sheets and bars in June 2020, up by 9,900 tonnes or 24.81 per cent month-on-month. In May, the United States exports were 39,900 tonnes after declining by 8,500 tonnes or 17.56 per cent from...
The wheel manufacturer in the Indre, France, Alvance Wheels will supply more than 35,000 aluminium wheels each year for the caravan market. The only manufacturer of aluminium wheels in France, Alvance Wheels (formerly – Liberty Wheels) is facing the economic crisis due to the pandemic in the best...
Hindalco Industries Limited’s aluminium products price has declined after remaining restraint for a month. With effect from Saturday, 19 September 2020, the company’s wire rods price stands at INR 158,100 per tonne, registering a drop of INR 1,250 per tonne from INR 159,350 per tonne on August 22....
A new way to kill COVID-19 virus on aluminium surfaces has been innovated by QUT scientists with the use of a wet-etching technique that forms random ‘nano-pillars’ proven to have both antiviral and antibacterial properties. Following the rounds of lab testing on the longevity of COVID-19 on metal...
Most trade associations that represent the US and Canadian aluminium industries cheered the US surprise announcement of removing tariffs on the Canadian aluminium. Some also took issue with the quota system that has taken place. “Canada’s aluminium industry is glad to regain its continued...
Aluminium Stewardship Initiative is pleased to welcome its 133rd member Euro Alloys in the General Supporter member class. Euro Alloys for over 30 years is successfully trading nonferrous metals globally, as the trading arm of one of the leading wire rod producers of the world – Sural. Euro Alloys...
The Aluminium Association of Canada has applauded the United States decision to remove recently reimplemented Section 232 tariffs on imports of unwrought, or P1020, aluminium from Canada. “Canada’s aluminium industry is glad to regain its continued tariff free entry into the U.S. market, as it...
