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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Hycast AS, a fully owned subsidiary of Hydro, has entered into an agreement with Alu Iberica to provide casthouse technology for two aluminium plants in northern Spain. The contract worth €9.7 million includes design and supply of equipment for casting extrusion ingots based on recycled aluminium....
The Canadian Chamber of Commerce welcomed the US decision of withdrawal the 10% tariff recently imposed on the imports of aluminium from Canada. The Canadian Chamber of Commerce’s Senior Director of International Trade, Mark Agnew, said, “Tariffs were the wrong instrument when they were first...
Gränges has inked an agreement for the acquisition of the remaining 49 per cent of the shares in GETEK GmbH as well as the business Dispal® for EUR 8.5 million from Erbslöh Aluminium GmbH. The deal includes assets, intellectual properties and trademark Dispal®. “GETEK and Dispal® adds new...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased 4,000 tonnes from last week. Higher arrivals at warehouses accounted for the increase in aluminium billet stocks. Aluminium billet inventories came in at 67,600 tonne as of...
The Shanghai Metals Market survey found that operating rates at aluminium plate and strip producers stood at 68.6 per cent in August, rising by 0.46 percentage point from the month earlier. However, on a year-on-year basis, the operating rates stood down by 1.76 percentage points, according to SMM....
The North Country Chamber of Commerce welcomed the US decision of lifting the recently-imposed 10 percent tariff on Canadian aluminium imports. "We and other partners across the country have been seeking the quick reversal of this self-harming tariff and we are pleased to see it has been withdrawn...
Secat, Inc., a metallurgical research laboratory specializing in aluminium product and process technologies, appoints Todd Boggess as President and hires Dr Nick Nanninga as Technical Director. Todd Boggess joined Secat Inc. in 2001 as Business Manager, where he was responsible for HR, Finance and...
Canada has dropped its threat to impose retaliatory sanctions against U.S. aluminium products after Washington announced its decision to remove a 10% levy on Canadian aluminium imports. Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland welcomed the decision at a press conference...
China's unwrought aluminium alloy imports in June 2020 increased by 88.3 per cent month-on-month and 754.5 per cent year-on-year to stand at 131,000 tonnes, in contrast to the downfall in exports, according to the latest China customs data. With this hike in imports, China secured total 466,500...
The industrial sector in Chile contributed 30% of GDP in 2019 and employed 22.8% of the working population, the same as in 2018, according to the World Bank. However, the sector has increased by 4.3 in 2019, showing signs of great productivity. According to the updated IMF forecasts from 14th April...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced consolidated financial results for the quarter ended June 2020. The company reported net loss of INR 2.86 crore in the...
The specialty chemicals group ALTANA has expanded its portfolio in industrial 3D printing with the acquisition of the British company Aluminium Materials Technologies Ltd. (AMT). AMT develops the patented special alloy A20X for 3D printing, setting new standards in strength and weight. “AMT and its...
Constellium announced it will participate at the upcoming conference. The company’s Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Credit Suisse Annual Basic Materials Conference on Tuesday, September...
Last week during September 7-11, operating rates across major aluminium processors increased by 0.3 percentage point on a weekly basis to stand at 77.7 per cent, attributing to further recovery in orders for aluminium plate/sheet, strip, foil, primary and secondary aluminium alloy from the...
According to a recent report, Canada will roll out its planned multibillion-dollar counter-tariffs on American aluminium products within the next few days. The news came after officials in Ottawa and at the Canadian embassy in Washington confirmed that the previously threatened retaliatory tariffs...
Chinese renewable energy group Envision is now eyeing France to build a battery factory to cater to the growing electric vehicle market, according to the news reported by French newspaper Journal du Dimanche (JDD) on Sunday, September 13. The company, which has battery production plants in Japan,...
On Monday, September 14, aluminium alloys (ADC12) price has extended its growth by RMB 100 per tonne from RMB 14,200 per tonne to RMB 14,300 per tonne, despite the plummet in A00 aluminium ingot price, according to the Shanghai Metals Market. The average aluminium alloys (ADC12) prices are expected...
ISGEC Heavy Engineering, an Indian heavy engineering firm has won an INR 126.50-crore order for a semi-dry circulating fluidised bed scrubbers (FGD) system from Hindalco Industries. The FGD system will be used at one of the Hindalco's 150 MW units at Mahan Aluminium at Singrauli in Madhya Pradesh....
