ABB has secured two orders from China’s Southwest Aluminum to supply integrated automation and digital technologies for two six-high aluminium cold rolling mills, supporting the manufacturer’s wide-strip production expansion and upgrade. The projects involve a 2,500 mm two-stand mill and a 3,000 mm single-stand mill, with both lines expected to be fully commissioned and operational by the end of 2027. Chongqing-based Southwest Aluminum is a subsidiary of the Aluminum Corporation of China (Chinalco). The orders build on the longstanding cooperation between ABB and the aluminium producer, with the latest projects focusing on process stability, control precision and production performance. Explore insights and forecasts for the aluminium flat rolled products (FRP) market from our...
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...
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Hindalco Industries Ltd., a global leader in aluminium and copper, announced consolidated results for the first quarter ended 30 June 2019. Hindalco’s consolidated revenue dropped from INR 31,078 crore in Q1 FY19 to INR 29,972 crore in Q1 FY20. EBITDA stood at INR 3,769 crore in Q1 FY20 compared to INR 4,334 crore a year ago. Profit before Tax (and Before Exceptional Items) was at INR 1,578 crore in Q1 FY20 compared to INR 2,275 crore in the prior year. Profit After Tax came in at INR 1,063 crore in Q1 FY20. “While profits were impacted by the global downturn and lower commodity prices, Hindalco held its ground and delivered a steady performance,” Hindalco said through its press release. Satish Pai, Managing Director, Hindalco Industries, said, “We continued to maintain our strong...
The global aluminium wire market has been found growing at a steady rate over the past few years, primarily driven by the rising demand in the rapid urbanization around the world, the increased support from governments, as well as the new production techniques that reduce not only the cost of aluminium wire production but also significantly reduce the processing time of the wire rods. According to the latest report from Technavio, the global aluminium wire market is expected to grow at a CAGR of almost 2% through 2021. {newsStudioGallery} To cash on this, Bahrain has emerged to become the world’s leading aluminium wire market with some staggering growth in its production and export. As per the global export-import data, the country in 2017 had recorded a growth of 28 per cent in its...
According to a recent report, National Aluminium Company (Nalco) has signed a contract with Mishra Dhatu Nigam (Midhani) to form a joint venture company (JVC) for setting up a high-end aluminium alloy plant, where they will together manufacture aluminium plates and sheets. "We would like to inform you that a joint venture agreement was signed on August 7, 2019 with Mishra Dhatu Nigam Ltd (MIDHANI) to incorporate a joint venture company (JVC) with an objective for setting up of high-end aluminium alloys plant for manufacturing of plates, sheets," National Aluminium Company said on Thursday in a filing to the BSE. The state-owned company also said that the board of the joint venture would have a maximum of 12 board members with both the companies nominating minimum two directors each. As...
Aleris Corporation reported results for the three months ended June 30, 2019. The company reported a net income of $25 million in the second quarter of 2019 compared to a net loss of $47 million in the second quarter of 2018. Adjusted EBITDA stood at $108 million, from $85 million in the second quarter of 2018. Sean Stack, Aleris Chairman and CEO said, “We are pleased with our strong performance in the first half of the year, delivering record adjusted EBITDA driven primarily by strong aerospace volumes and an overall shift toward higher value products in a favourable metal environment.” "We expect that momentum to continue as we further realize the full potential of the strategic investments we've made in our automotive and aerospace capabilities and the added value they bring to our...
The US exports of aluminium semi-finished products (plates, sheets, bars, etc.) dropped 21,600 tonnes or 22.64% year-on-year to 73,800 tonnes in May 2019. On a month on month comparison, the export volume declined 7.05% from April export volume of 79,400 tonnes, according to the latest Mineral Industry Survey report from US Geological Survey. Semi-finished products exports stood at 379,000 tonnes in the first five months of 2019 as compared to 459,000 tonnes in the first five months of 2018. This represents a drop of 80,000 tonnes or 17.43% year-on-year. Exports to Mexico came in at 31,500 tonnes in May 2019 as compared to 44,000 tonnes in May 2018. Exports declined 13.93% month-on-month. During January-May, aluminium semi-finished products exports recorded 168,000 tonnes. Exports to...
Japan’s Showa Denko (SDK) a producer of aluminium materials and high-value-added fabricated aluminium and aluminium cans in Japan has developed a technology to directly bond aluminium alloys to polycarbonate resin — a non-crystalline commodity engineering plastic. Normally aluminium alloys and polycarbonate resin are bonded by using bolts or an adhesive. In recent years, focus is being shifted to new technologies that directly bond resin materials with aluminium alloys through injection moulding or insert moulding. These technologies are expected to simplify processes and increase productivity while making processing of complicated shape easier. In many cases, however, they depend on mechanical bonding, such as realizing an anchor effect through injection of resin over a roughened metal...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 95,900 tonnes as of as of Thursday August 8, an increase of some 12,500 tonnes from Thursday August 1. Aluminium billet inventories continued to expand this week as downstream consumption remained weak. Inventories of aluminium billet in Foshan, Guangdong and Wuxi, Jiangsu increased 7,400 tonnes and 2,100 tonnes from Thursday, 1 August 2019 to stand at 50,800 tonnes and 16,800 tonnes on Thursday, 08 August 2019. Aluminium billet stocks in Changzhou, Jiangsu rose 1,000 tonnes to 13,000 tonnes Aluminium billet stocks in Huzhou, Zhejiang and Nanchang, Jiangxi stood at 8,500 tonnes and 6,800 tonnes, an increase of 500 tonnes and 1,500 tonnes from Thursday August 1. The prices of...
Metstok Ltd, and the Metstok group of companies, has confirmed through a press release that the company plans to diversify their product range to include flat rolled aluminium products. Metstok has identified a long-term supply partner in Henan Mingtai Aluminium Co. Ltd. from China to procure the same. The company will start with standard size aluminium sheets and coils in 1xxx, 3xxx and 5xxx series alloys. Henan Mingtai Aluminium Co, Ltd is a large modern aluminium fabricating company that integrates processing, manufacturing, and scientific research in aluminium focusing on producing and selling of flat rolled aluminium products. The company has two main production bases in Gongyi City and at the new technology industrial development zone in Zhengzhou City in Henan Province. Mingtai Al....
Aluminium Stewardship Initiative (ASI) has certified Aleris Duffel rolling facility in Belgium against ASI Performance Standard, demonstrating its commitment to environmental, social and governance performance. The mill has been certified for responsible production, sourcing and stewardship of aluminium. Duffel plant is one of the largest rolling mills in Europe, producing rolled products from aluminium and special alloys. The plant features a CALP (Continuous Annealing Line with Pre-Treatment), hot and cold rolling mills that produce automotive body sheet and aluminium components for transport, building and industrial uses. Fiona Solomon, Chief Executive Officer at ASI, said “We sincerely congratulate the Aleris Duffel team for achieving ASI Certification against the ASI Performance...
Novelis, the world leader in aluminium rolling and recycling, released First Quarter of Fiscal Year 2020 Results and reported net income of US$127 million, compared to US$137 million in Q1 FY2019. Excluding tax-effected special items the net income stood at US$145 million compared to US$115 million in the prior year period. Adjusted EBITDA increased 11 percent over Q1 FY2019 to US$372 million, primarily driven by higher total shipments as well as favourable price and product mix. Results were partially offset by less favourable recycling benefits due to lower aluminium prices. Net sales dropped six percent to US$2.9 billion, driven by lower average aluminium prices and higher premiums. Shipments of flat rolled products increased four percent YoY to 830 kilotonnes. "Novelis' continued...
After Liu Zhongtian, the largest shareholder of China Zhongwang Holdings Ltd had been accused of ditching the U.S. about US$1.8 billion in tariffs through a scheme, the company said on Sunday it was seeking legal advice on the matter. China Zhongwang said in a statement to the Hong Kong stock exchange that neither the company nor Liu had been served any notice in relation to the legal proceedings. “The company takes seriously any allegations that it may have violated any law, and is seeking legal advice in relation to the alleged proceeding,” it said in the statement. The company assured its shareholders that they would be informed of further developments related to this. Zhongwang had previously described smuggling allegations as “misleading” and “without any factual basis.” According to...
Preliminary estimates indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 5.4 million tonnes through May 2019, a 1.1 per cent increase from YTD 2018. Demand for semi-fabricated (mill) products totalled 3.9 million tonnes, up 2.4 percent. Demand for aluminium semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) was up 1.9% YoY to an estimated 812,384 tonnes in May. Shipments of aluminium sheet and plate increased 5.9% YoY to 461,303 tonnes. Extruded product shipments declined 6.3 per cent YoY to 226,796 tonnes. Estimated shipments of aluminium ingot for castings, exports and other uses increased 9.2% to 297,557 tonnes in May. Apparent...
The increasing use of aluminium extrusions in building and construction sector has been generating considerable demand for aluminium bar, rods and profiles across the world. The aerospace industry is also contributing fairly to the rising demand for aluminium profiles. According to the forecast in 2014, the expansion of the global aluminium profile, bar and rod industry is likely to reach 9.7 per cent per annum in the years to come. {newsStudioGallery} To cash on this positive market sentiment in the aluminium bar, rods and profiles industry, Turkey has been increasing the volume of its exports to the various parts of the world. In 2018, the country’s estimated aluminium, bar, rods and profiles exports were at 181,772 tonnes, which in 2019 is expected to rise to 196,170 tonnes, up 8 per...
AMAG Austria Metall AG has released the results for H1 2019 registering total shipments of 226,000 tonnes, up 10 % compared with H1 2018. Gerald Mayer, CEO of AMAG, comments: "We benefited from additional production capacity in the first half of the year. In the Casting Division, we grew shipment volumes in the double-digit percentage range mainly thanks to our new melting furnace. In the Rolling Division, we successfully continued the ramp-up of the most modern aluminium rolling mill in Europe and also significantly increased shipments." AMAG sees a positive demand growth for primary aluminium and rolled products despite the negative effects of the trade war and economic slowdown on demand and aluminium price. LME aluminium price dropped 16% to USD 1,850 per tonne from H1 2018. Revenue...
Novelis, the world leading aluminium rolling and recycling company has announced the launch of Advanz™ 6HS-s650, a specialized aluminium automotive body sheet product with extraordinary strength, lightweighting, formability, performance and structural integrity. It is the strongest 6xxx series product with a 15 to 25 per cent in-service strength advantage in comparison to other high strength aluminium alloys. The alloy has excellent crash behaviour and corrosion resistance. It is a part of the Novelis Advanz™ product portfolio and will be available globally. Through 6HS-s650, Novelis reiterates its commitment to deliver a variety of strong, formable and lightweight aluminium products for its automotive customers for a more efficient future. The alloy is suitable for high-strength...
Liu Zhongtian, chairman and president of China Zhongwang Holdings Ltd was accused of ditching US$1.8 billion in tariffs through a scheme under which, he had disguised “huge amounts” of aluminium as pallets and smuggled the material into the United States, federal prosecutors declared in Los Angeles on Wednesday. The 24-count indictment dated May 7 was made public when U.S. and Chinese negotiators resumed talks to end trade tensions between the two economies. “The aluminum sold to United States-based companies controlled by Liu were simply aluminium extrusions that were spot-welded together to make them appear to be functional pallets, which would be finished goods not subject to the duties,” the indictment says. “In reality, there were no customers for the 2.2 million pallets imported by...
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have extended week-on-week growth by some 700 tonnes today, August 1, across five major consumption areas in China to stand at 83,400 tonnes. On July 25, the inventories were at 82,700 tonnes after rising by some 1,600 tonnes from its previous week. This indicates a slower growth this week ended on August 1, 2019. In Changzhou, Jiangsu, the aluminium billet inventories have risen by some 1000 tonnes to stand at 12,000 tonnes, as of August 1, while in Nanchang, Jiangxi, and Wuxi, Jiangsu, the inventories have increased by 700 tonnes and 100 tonnes to stand at 5,300 tonnes and 14,700 tonnes respectively. In markets like Foshan, Guangdong, and Huzhou, Zhejiang, the inventories have either remained restrained or...
Germany’s exports of aluminium semi-finished products to the US increased from 11,800 tonnes in January-April 2018 to 30,100 tonnes in January-April 2019. This indicates a jump of 155% year-on-year. Semi-finished exports stood at 9,560 tonnes in April, an increase of 196.89% from 3,220 tonnes in April 2018. {newsStudioGallery} Aluminium semi-finished products exports increased by 6.1% month-on-month, according to the latest Mineral Industry Survey report from US Geological Survey. On the import side, Germany imported 2,260 tonnes of semi-finished products from the US in the first four months of 2019, from 2,180 tonnes imported in the first four months of 2018. This records a hike of 3.67% YoY. Semi-finished imports dropped 29.56% YoY in April. Exports decreased from 724 tonnes to 510...
