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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Salzburger Aluminum AG (SAG) is terminating 29 employees in Austria at its two locations in Lend (Pinzgau) and Schwarzach (Pongau). The company has confirmed the news on 31 st July ’20. The corona crisis led to a significant decline in production at the automotive supplier. SAG with its...
India’s Maan Aluminium net profit declined 61.40% to INR 0.83 crore in the quarter ended March’20, as against INR 2.15 crore during the previous quarter ended March’19. The company is one of the pioneers in the Aluminium extrusion industry in India. The aluminium company’s facility is based in...
AMAG, a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, reported revenue of EUR 463.8 million in the first half of 2020, down 16.4% due to lower shipments and aluminium price. “Global economic growth in the first half of 2020 was considerably affected by...
The US Secretary of State Michael Pompeo stated Washington has announced the expansion of sanctions on Iran to counter nuclear, missile and military programs. The expansion of sanctions enforcement declares that the United States would punish anyone who transfers 22 specific metals, out of which 10...
The 74th Ordinary Assembly of Amafond, the Italian Foundry Suppliers’ Association, took place on 23rd July’20, in the setting of Borgo Santa Giulia in Brescia area. On this occasion, elections were held for the renewal of the Executive Committee for the 2020-2021 periods: Riccardo Ferrario was...
Wheels India Limited has planned to export forged aluminium wheels to the US. This would meet the market demands in the US market. The company’s new cast aluminium wheel plant will begin exports to the market from September. “The financial year will be a difficult one due to declining economies in...
As updated by Shanghai Metals Market, inventories of aluminium billet in China declined this week due to a significant decline in arrivals at warehouses. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 65,900 tonnes as of Thursday July 30, a drop of 2,700...
Tianjin Zhongwang Aluminium Co., Ltd. has been certified against the ASI Chain of Custody Standard for its operations in Tianjin, China. The operations include casting, hot and cold rolling, finishing and annealing with outputs of ingot, thick plate, sheet and coil products. The company...
Jindal Aluminium Ltd. (JAL), India's largest aluminium extrusion company with a legacy spanning 50 years witnessed rising demand from ventilator producers as the spread of COVID-19 necessitated the use of this vital equipment at hospitals to save the lives of critical patients. COVID-19 has...
Carcano Antonio S.p.A., one of the most important European companies in the field of aluminium foil flexible packaging, has achieved ASI Performance Standard Certification for its conversion operations in Andalo Valtellino and Mandello del Lario, and also for rolling plant in Delebio, Italy....
A rapid-paced energy transition through an uninterrupted shift to electric vehicles has designed a new, significant demand stream for aluminium and vital opportunities for auto supply chain organisations. Steel being cheaper has been the initial choice; however, aluminium consumption in electric...
Kaiser Aluminum Corporation, a leading producer of semi-fabricated specialty aluminium products, announced second quarter 2020 results. Net sales for the second quarter 2020 were $276 million, from $375 million in the prior year period, reflecting a 24% decrease in shipments and a 4% decrease in...
On 23 rd July’20, the State Government of Tamil Nadu signed 16 MoUs apprehending fresh investments worth more than INR 5100 crore. As per the Govt, it will support to deliver over 6500 jobs. In two months the Govt has signed MoUs valued for INR 30,664 crore investment which is visualized to create...
China’s imports of unwrought aluminium and aluminium products hit to their highest in 11 years in June on lower overseas prices. China, the world’s top aluminium producer, imported 288,783 tonnes of aluminium last month, an increase of 493.1% from June 2019, the General Administration of Customs...
As updated by Shanghai Metals Market, inventories of aluminium billet in China increased after two weeks of decline on higher arrivals and lower shipments. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 68,600 tonnes as of Thursday July 23, an increase of...
Impol 2000 of Slovenia, the management company controlling local aluminium products manufacturer Impol Group has announced it will distribute a dividend of € 3.00 per share for 2019, down from the previous year's pay-out of € 3.75. On 17 th July’20, the decision was approved by the company...
Constellium reported results for the second quarter ended June 30, 2020. For the second quarter of 2020, shipments stood at 310 thousand tons, a decrease of 25% compared to the second quarter of 2019 due to lower shipments in all three segments. Revenue stood at €1.0 billion, down 33% year on year...
Alcoa Corporation has announced today, July 22, that it has reached an agreement with Gränges AB to supply its low-carbon aluminium rolling slab ECOLUM™ to help the company achieve the goal of cutting carbon emissions across supply chain. ECOLUM™ is part of Alcoa’s SUSTANA™ line of low-carbon...
