Uno Minda is set to invest around INR 14.15 billion (USD 147.51 million) across four manufacturing expansion and consolidation projects, with a major portion of the spending directed towards increasing its aluminium casting capacity in Hosur, Tamil Nadu. The automotive components maker plans to...
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,...
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ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announced its consolidated financial results for the six months ended 30 June 2020. The Group’s consolidated sales stood at RON 1,360,942 thousand in H1 2020, lower by 9.6% year-on-year...
The four most important sectors that dominate the industry in Germany are automotive, mechanical engineering, chemical and electrical. However, Aluminium products, Iron and steel, shipbuilding industries had also come up in a big way. German manufacturing sector is strong as the manufacturing...
Australia’s aluminium specialist, Capral Aluminium confirms that it will continue to operate in Victoria amid COVID-19 stage 4 restrictions. The company communicated during an ASX announcement that its operations will be strictly conducted under a high-risk COVID safety plan. Capral Aluminium...
Maan Aluminium reported net sales of INR 49.93 crore in the June quarter 2020. That was down 63.26% year on year from INR 135.91 crore in June 2019. Net profit declined by 29.39% to stand at INR 1.61 crore in June quarter 2020. The company had reported net profit of INR 2.28 crore in June quarter...
Arconic Corporation, a leading provider of aluminium sheet, plate and extrusions, as well as innovative architectural products, reported revenue of $1.2 billion in the second quarter 2020, down 38% year over year on weaker volumes across all segments and most end markets primarily due to the impact...
According to the data shown by the General Administration of Customs, China’s unwrought aluminium and aluminium semis exports recorded a month-on-month hike of 5.5 per cent in July 2020. Following a decline in the month earlier from 382,900 tonnes in May to 352,485 tonnes, China’s unwrought...
Hindalco Industries Ltd raised its aluminium products price after reducing the price of the same product on Friday August 7. With effect from Saturday August 8, the company’s wire rods price came in at INR 161,350 per tonne, an increase of 1.26% or INR 2,000 per tonne from INR 159,350 per tonne....
Utkarsha Aluminium Dhatu Nigam Limited (UADNL), a joint venture firm of Nalco and Mishra Dhatu Nigam Limited, has reportedly floated a tender to hire a consultancy firm who would be getting environmental clearance for UADNL's proposed high-end aluminium alloy plant at Nellore, Andhra Pradesh. The...
Grupa Kety, the Polish aluminium extruder has reported with a record rise of sales in the Q2. The aluminium firm secured new export markets from suppliers that were forced to axe production due to the COVID-19 pandemic. Sales of Grupa Kety surged by 5% on the year to 22,000 tonnes in April-June...
Shanghai Metals Market found a rise in aluminium billet inventories on Thursday, August 6, as arrivals at stocks increased in Guangdong and Jiangxi. SMM data showed that 6063 aluminium billet stocks across the five major consumption areas in China built up by 9,900 tonnes from a week ago to come in...
AMETEK Surface Vision has aided the Italian aluminium manufacturer Laminazione Sottile S.p.A. in meeting customer specifications for product quality by installing SmartView® system that ensures only inspected material is further processed and brought into the market. Installed in Brightfield...
According to the latest data shown by the US Geological Statistics, the United States aluminium plates, sheets and bars exports in May 2020 stood at 39,900 tonnes, down by 46.44 per cent month-on-month from 74,500 tonnes. On a year-on-year basis, the exports in May 2020 were down by 46 per cent as...
Hydro announced that Rupert Fertinger GmbH will to acquire Hydro Extruded Solutions operations in Remscheid, Germany. Hydro and Rupert Fertinger GmbH (Fertinger) have signed a Term Sheet for Fertinger to acquire the company’s welded tube business in Remscheid, Germany. The Remscheid operations,...
Australia's largest extruder and distributor of aluminium products, Capral Aluminium has delivered earnings guidance for H1, ended 30 th June’20. The aluminium firm based on unaudited management accounts, predicts that trading EBITDA for the half-year to 30 June 2020 will be approximately $10.2...
The Mexican Multinational conglomerate Alfa announced on 31 st July’20 that it projects to spin off the gross of its remaining 75% stake in aluminium automotive parts supplier Nemak. As per the company: “If shareholders approve the proposal at an Aug. 17 meeting, they would receive one share of...
Pennex Aluminium Company has made public the appointment of Chuck Stout as New President of Pennex Extruded Products Division. Chuck has been promoted to President from General Manager in the organisation. In his new role, Stout will be responsible for the overall strategic, financial, commercial,...
The closedown of Rio Tinto’s Tiwai Point Aluminium smelter in New Zealand won’t create any deep impact on the prospects of local manufacturers that count on aluminium to manufacture products. This has been reported by the two popular firms in the industry Ullrich Aluminium and Stabicraft Aluminium...
Flat-rolled aluminium producer Elval has achieved ASI Performance Standard Certification for its operations in Oinofyta, Greece. The plant produces innovative and competitive flat-rolled products for a diverse group of sectors and uses including packaging, transportation, automotive, HVAC&R,...
