India-based PG Foils Limited plans to establish a downstream aluminium manufacturing facility in Bahrain, focusing on electric vehicle (EV) battery foil and pharmaceutical foil production. The proposed investment is expected to expand the kingdom’s aluminium downstream capabilities and strengthen its manufacturing base. Bahrain’s Ministry of Industry and Commerce signed a letter of intent with PG Foils for the project. The agreement was signed by Industry and Commerce Minister Abdullah bin Adel Fakhro and PG Foils Joint Managing Director Sahil Shah during the fourth edition of the Gateway Gulf expo, which opened on November 1 in Manama. Explore: The most comprehensive and forward-looking industry-focused report – Aluminum Foil Market Report Forecast Till 2035 Hosted by the Bahrain...
A major police operation in India’s Uttar Pradesh has exposed an inter-district network allegedly involved in stealing electricity transformers and selling their internal metal components, including aluminium wire and copper binding, to scrap dealers. Police in Kanpur, Uttar Pradesh, have busted an inter-district transformer theft gang and arrested eight people, including a scrap dealer accused of purchasing stolen materials. The operation led to the recovery of aluminium wire, copper binding, transformer coils and cash allegedly generated through the sale of stolen electrical components. The gang reportedly operated across several districts, including Kanpur Dehat, Unnao, Lucknow and Fatehpur. A joint team comprising Chaubeypur police, the Special Weapons and Tactics (SWAT) unit and West...
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Aluminium du Maroc, specializing in the design and manufacturer of aluminium alloy profiles for building and industry in Morocco, stated in their financial result that its net profit in 2019 stood at MDH 60.1 million, an increase by 4.7% compared to 2018. This change is explained by the 2019 financial result (+9.1 MDH) in clear appreciation compared to 2018 (-5.5Mdhs) and the current result which includes the disposal of the stakes in the company Alucoil Maroc. The operating income reached 60.3 MDH, down 22% compared to 2018, mainly due to the non-renewal of the reversals of exceptional provisions made in 2018, while turnover rose to 893.1 MDH, down 2% compared to the end of 2018. The Moroccan aluminium company said the in regards distribution of dividends, the unprecedented health...
Kaiser Aluminium the American aluminium producer slashes its 2020 revenue forecast from the airline industry. The aluminium company has dropped its forecast for revenue from the commercial airline industry this year as a sharp decline in air travel due to the COVID-19 pandemic and a slip down effect across the industry. The US aluminium firm is considered as an essential business organisation in the country. It forecast that its commercial aerospace value-added revenue might fall approx. 20-25% in 2020 compared with record levels last year. During the normal market scenario, commercial aerospace denotes roughly 33% of Kaiser’s consolidated value-added revenue. In 2019, the company reported a value-added revenue of $856 million. Kaiser produces value-added plate, sheet and extruded...
According to the latest US Geological Survey data, the United States in February 2020 exported 236,000 tonnes of aluminium (including scrap), marking a rise of 2.16 per cent from 231,000 tonnes in January. This brought the United States total aluminium exports in the first two months of 2020 to 467,000 tonnes. Mexico, Canada, India, the Republic of Korea, and Malaysia were the top 5 importers of the US aluminium in February. In February 2020, Mexico imported 50,200 tonnes of aluminium from the US, up 1,000 tonnes or 20.33 per cent from 49,200 tonnes in January. In the previous two months, Mexico imported 89,700 tonnes of aluminium from the US in total. In November, the import amount was 48,800 tonnes, while in December, a 16.19 per cent lesser at 40,900 tonnes. This represents that except...
The Philippines, an archipelagic country in Southeast Asia situated in the western Pacific Ocean, it consists of about 7,641 islands. A newly industrialized country, the Philippine economy has been transitioning from one based upon agriculture to an economy with more emphasis upon services and manufacturing. The aluminium plates, sheets & strips import market of the Philippines has shown record growth during 2017-19, as the total import volume stood at 56,333 tonnes, while the foreign revenue expended was $213.80 million. The import projection for 2020 has been analyzed much more enterprising than the previous three years, as the volume of import might reach 22,917 tonnes and the cost might increase to $106.22 million. When the 2020 import volume and cost is added to the past three years,...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline for the seventh consecutive week as consumption was brisk. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 145,600 tonnes in the week ended April 23, a decrease of 19,300 tonnes from the previous week. The chart below indicates the current status of aluminium billet inventories across China in more details: Inventories of aluminium billet in Foshan, Wuxi, and Changzhou came in at 60,800 tonnes, 40,480 tonnes, and 22,850 on Thursday, down 8,800 tonnes, 9,960 tonnes, and 200 tonnes from April 16. The stocks in Huzhou remained unchanged at 16,000 tonnes. Stocks in Nanchang decreased by 300 tonnes to stand at 5,500 tonnes. Aluminium alloy (A356) price was...
Novelis Inc., the world leader in aluminum rolling and recycling, has appointed Thomas (Tom) Boney as Senior Vice President of Novelis and President, Novelis North America, effective immediately. Boney is responsible for all aspects of the company's North America business, which includes manufacturing and recycling facilities across the United States and Canada. "Novelis is entering a period of extraordinary transformation in the company's history and Tom has an excellent track record of leading diverse teams that continually achieve higher results," said Steve Fisher, President and Chief Executive Officer, Novelis Inc. "I am confident he has the right team in place to lead a safe, strong culture and help us fulfill our purpose of shaping a sustainable world together." Boney succeeds...
The Aluminum Extruders Council has reportedly announced the results of the annual election of officers and directors, which was decided at its 71 st Annual Meeting & Leadership Conference last month in San Antonio, Texas. Brook Massey was elected to serve as Chairman of the Aluminum Extruders Council, Brook Hamilton as Vice Chairman on the Executive Committee, and Scott Kelley as Immediate Past Chairman. Mr Massey, who was earlier the President of MI Metals in Oldsmar, FL, has more than 15 years of leadership experience in the aluminium extrusion industry. Prior to MI Metals, he was a CPA and spent time auditing in a variety of industries, including Manufacturing, Healthcare and Governmental entities. Mr Massey has been a member of the AEC Board of Directors since 2016. He then used to...
According to a recent report, the metal additive producing group Amaero International has inked an agreement with a major global automotive manufacturer to jointly develop 3D printed tooling. According to the Australia-headquartered group, the inclusion of additive-manufactured inserts for tools could decrease the manufacturing defects risk by adding conformal cooling channels to the design. As a result, it would reduce rejection in casting, machining, and assembling, and therefore, would save costs. These tooling inserts are common to die casting tools globally. Once this new process to be developed by Amaero and its new customer is proven, there would be some scope for significant global opportunities. This collaboration between Amaero and an automotive manufacturer would apply to the...
According to the data shown by the United States Geological Survey, the US in January 2020 imported 7,470 tonnes of aluminium plates, sheets and bars from Saudi Arabia. In December 2019, the US aluminium semi-finished product imports from Saudi Arabia were 10,300 tonnes, meaning the imports in January this year stood down by 27.48 per cent month-on-month. In November 2019, the country’s imports from Saudi Arabia were also at 10,300 tonnes. In October, the import amount was at 6,430 tonnes, down by 60.19 per cent from November and December 2019 and by 16.17 per cent from January 2020. Thailand was the next highest exporter of aluminium plates, sheets and bars exports to the US in January 2020, providing 4,550 tonnes. In the earlier month, the United States had imported, 4,150 tonnes of...
Aiming at expanding your aluminium semi-finished business or diversify into a new industrial sector? Looking at investing in aluminium flat rolled production plant? Then AlCircle is here to help you with all the necessary information on a complete aluminium foil plant in Germany, which is on SALE! The plant is equipped with very well-maintained and high-quality German and European machinery used for the aluminium foil production, and is known to serve clients from the Aluminium Foil Industry across the globe. Achenbach Foil Rolling Mill Department Machines are used at the plant, tailored to the specific operation purpose to reliably produce best foil qualities even at maximum rolling speeds, maximum rolling widths, and highest coil weights. Besides, the plant features 4-high rolling...
The Japanese demand for aluminium in 2019 remained strong, though the aluminium wire import market reflected de-growth during 2017-19. The total import volume during 2017-19 was recorded at 23,302 tonnes and the foreign revenue expended stood at $77.28 million. The import estimated for 2020 is 6479 tonnes, while the revenue to be expended might reach to $21.23 million. When the figures are added with the last three years, the import volume reflects 29,682 tonnes and expenditure stands at $98.51 million. The major countries Japan has been trading for aluminium wires are Bahrain, Canada, Netherlands, Thailand, UK, USA, Vietnam, etc. Japan’s aluminium wire import market in 2017 was recorded at 8492 tonnes with revenue expenditure stands at $28.54 million. In 2018 the aluminium wire import of...
Tianjin Zhongwang Co., Ltd. has received Aluminium Stewardship Initiative (ASI) Performance Standard Certification for its Tianjin operations. The operations include casting, hot and cold rolling, finishing and annealing with outputs of ingot, thick plate, sheets and coil products. The plant has an annual production capacity of 1.8 million tonnes. The products are used in the automotive, aerospace, ship building, rail and packaging sectors. Fiona Solomon, Chief Executive Officer at ASI said, “We congratulate Tianjin Zhongwang Co., Ltd. on their recent ASI Performance Standard Certification. It is important to see large production facilities throughout the world stepping up with an initial and ongoing commitment to responsible practices through ASI Certification.” The ASI Certification...
The United Arab Emirates, one of the top aluminium exporters to the US, accounted for 8% of all aluminium imports by the US in January 2020. The UAE’s exports of crude metals and alloys to the US stood at 31,000 tonnes in January 2020, a decrease of 39.69% or 20,400 tonnes year-on-year. The UAE had exported 51,400 tonnes to the US in January 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. On a month on month comparison, exports dropped 8.55% or 2,900 tonnes from 33,900 tonnes. Compared with November, the UAE’s exports of crude metal and alloys to the US stood 31.87% lower from 45,500 tonnes. On the import side, the UAE imported 939 tonnes of aluminium (crude metal and alloys, aluminium semi-finished products and scrap) from the US in January...
Aluminium Stewardship Initiative (ASI) announced that Alu-met GmbH has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 119. Alu-met manufactures and supplies high-quality aluminium billets. The company operates two production sites: Aluminium GmbH Nachrodt (Germany) and Speedline Aluminium Gießerei GmbH (Austria). The company produces more than 150,000 tons of extrusion billets annually for the central European market. “Alu-met belongs to the European aluminium industry. Therefore we have the responsibility to pave the way for ecological sustainability. The management of Alu-met is committed to ensuring the health and respectful treatment of their employees and securing long-term...
RUSAL is the world's second-largest aluminium company by primary production output and it is pursuing to modify its sales portfolio, including more products for the medical and pharmaceutical industry, at a time of unfeasible market conditions among its traditional end consumers. Rusal has produced 3.75 million tonnes of aluminium in 2019 that is 5.8% of global aluminium supply. On 16 April’20, Rusal’s press office, said: “While the situation remains difficult, we are flexible enough to diversify our sales portfolio and ensure the sales of all manufactured goods.” “Rusal continues to perform the obligations it has for the customers - we do support them in such difficult times and provide more services and optionality when required.” The aluminium producer has seen consumption in...
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week, across five major consumption areas. This indicates a growth in the week-on-week decline of aluminium billet inventories this week. The chart below indicates the current status of aluminium billet inventories across China in more details: Foshan, Huzhou, and Nanchang have seen declines in aluminium billet inventories today, among which Foshan has seen the highest fall. In Foshan, the billet inventories have reduced by 6,900 tonnes to stand at 69,600 tonnes, while that in Huzhou and Nanchang...
Spain’s export of Aluminium tubes and pipes has reflected steady growth during 2017-19, as the total export volume stood at 18,682 tonnes, whereas the revenue generation stood at $74.48 million. The estimated export for 2020 though has been analysed with de-growth by 1.54% while accumulating the total export volume with the last three years, it stands at 25,203 tonnes and the revenue generation will stand at $105.89 million. In 2017, the aluminium tubes and pipes export volume of Spain was recorded at 5571 tonnes while generating $20.40 million as revenue. The aluminium tubes and pipes export volumes of Spain in 2018 reflected a growth by 16.46%, Y-o-Y export excess volume stood at 917 tonnes and the revenue generation remained at $24.16 million. In 2019, the export volume also showed...
Endurance Technologies announced that its subsidiary Endurance Overseas Srl, Italy, has acquired controlling equity stake of 99% in Adler SpA. The corporate name of Adler is being changed to Endurance Adler SpA. Endurance Technologies is a manufacturer of aluminium casting (including alloy wheels), suspension, transmission and braking products. The company provides high pressure die castings, low pressure die castings, gravity die castings etc. Endurance Group in Europe now has ten manufacturing plants, of which seven are in Italy and three in Germany. Adler, a leader in systems solutions for clutches, gears and friction plates with niche in R&D, engineering services and product development for OEM customers in Europe, has been a long term technology provider to the Company. The...
