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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According to Tesmanian and Reuters report, the new Tesla car factory in Brandenburg, Germany, may source eight Gigapress Machines from IDRA, specialised in diecasting machines, for the production of a single module aluminium diecasting. The single module aluminium diecasting will replace 70...
The Defence Research & Development Organisation (DRDO) of India has successfully conducted a test on 7 th September of its wholly indigenous Hypersonic Technology Demonstrator Vehicle (HSTDV) which has been under development for well over a decade. HSTDV took-off aboard an Agni missile booster...
Hindalco Industries is well-positioned for a bounce back in the second half of the current financial year (FY21). “We should be back to pre-Covid levels in the second half of FY21," Hindalco Chairman Kumar Mangalam Birla told shareholders at the company’s 61st annual general meeting held in Mumbai....
Thyssenkrupp Aerospace has made public a three-year extension to its contract with Mitsubishi Heavy Industries Canada Aerospace Inc. (MHICA). The agreement which commenced in 2018, thyssenkrupp Aerospace conducts material for aluminium wing planks, including procuring, receiving, inspecting, and...
Shanghai Metals Market data shows aluminium billet inventories in China have gained 3,400 tonnes over the week ending on Thursday, September 10, on increased arrivals of stocks to warehouses. According to the data, inventories are standing at 63,600 tonnes versus 60,200 tonnes last Thursday,...
Maine Governor Janet Mills, New Hampshire Governor Chris Sununu, and Vermont Governor Phil Scott called on President Donald Trump to reverse his decision to reimpose a 10% tariff on imports of non-alloyed unwrought aluminium from Canada. They said this would hurt manufacturers and supply chain...
According to a recent report, Capral Limited, Australia’s largest extruder and distributor of aluminium products, has joined the Australian Aluminium Council. The news came after the latter announced that it welcomed Capral as a new member, highlighting the growing importance of end-to-end domestic...
India has initiated an anti-dumping probe in the imports of certain flat-rolled products of aluminium originating in or exported from China based on a complaint by Hindalco Industries, alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR)...
According to figures released by the European Aluminium Foil Association (EAFA), aluminium foil deliveries were down 4.5% in Q2, compared to 2019. Total deliveries came in at 234,000 tonnes. In H1 2020, aluminium foil production declined 2.0% to 476,000 tonnes. “Aluminium foil deliveries inside...
According to the latest data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports rebounded to 74,500 tonnes in June 2020. In May, the country imported 68,500 tonnes, declining by 6,000 tonnes from April. The US imports in June saw an increase of 8.76 per...
The researchers from Peter the Great St. Petersburg Polytechnic University (SPbPU) developed metal with unique ductility during experimenting on high-performance Wire Arc Additive Manufacturing (WAAM). However, the outcome of the research made it clear that the ductility is three times higher than...
Robots are not efficient enough for Tesla’s new car factory in Germany, which plans to replace hundreds of them with giant aluminium casting machines to build simpler chassis parts, a person familiar with the matter brought up this information. The electric carmaker, Tesla, has struggled to...
The US imports of crude metal and alloys declined by 16.83% year-on-year to stand at 262,000 tonnes in June 2020. Crude metal and alloys import were at 315,000 tonnes in June 2019. On a month-on-month comparison, imports reduced by 17.09% from 316,000 tonnes in May, according to the latest Mineral...
According to a Reuters report, China’s exports of unwrought aluminium and aluminium products stood at 395,424 tonnes in August, the highest in four months. The exports registered a decline of 11% from August 2019. Unwrought aluminium and aluminium products export came in at 3.13 million tonnes in...
In the week earlier, operating rates across major aluminium processors in China climbed 0.2 percentage point on a weekly basis to stand at 77.4 per cent. Orders from automobile, construction, electronics, and packaging sectors improved, while orders at extrusion, wire, and cable producers did not...
According to a recent report, Shanghai Huafon Aluminium (601712) will start trading on the Shanghai Stock Exchange – Main Board from Monday, September 7, at a public offering price of RMB 3.69 per share, to raise RMB 921.13 million. Its initial listing shares will account for 25 per cent of the...
Hulamin, the Pietermaritzburg-South Africa based Aluminium semi- fabricator has awarded just over R3.2 million worth performance share incentives to its CEO, Company Secretary and a Director of one of its subsidiaries. The drive came in a situation when the small-cap posted a wider annual loss of...
Vitex Extrusion has expanded its aluminium extrusion manufacturing business with the long-term lease of a 50,000-square-foot facility. The new plant, adjacent to its existing 115,000-square-foot manufacturing facility, will focus on machining, fabrication and assembly of aluminium extrusions. “Over...
