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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Kaiser Aluminum Corporation announced results for the fourth quarter and full year ended December 31, 2018. For the fourth quarter of 2018 , Kaiser reported net sales of $389 million, from $353 million last year, reflecting 4% higher shipments and a 6% increase in average selling price. Value added revenue increased 8% year-over-year to $210 million. Adjusted consolidated EBITDA stood at $55 million, up $7 million YoY. Net income was $24 million, compared to net loss of $15 million. Adjusted net income was $30 million. For the full year of 2018, net sales were $1.6 billion, up approximately 13% from $1.4 billion in the prior year period, reflecting 4% higher shipments and a 9% increase in average selling price. Value added revenue increased 5% to $828 million. Value added revenue for the...
According to a news release on the Henan people’s government on Saturday February 23, Luoyang government of Henan province has signed a contract with aluminium extrusion producer Liaoning Zhongwang Group last week to construct an aluminium alloy processing plant in Yichuan country of Luoyang. China’s Zhongwang group is the World’s second largest and Asia’s largest industrial aluminium extruded products developer and manufacturer. After more than 20 years of dedicated development, the Group currently has over 90 aluminium extrusion production lines with an aggregate annual production capacity of close to 2 million tonnes. The alloy processing unit will have an annualised capacity of 1 million tonnes and the project will receive an investment of 21 billion yuan from Zhongwang Group. The...
The Aluminum Association has added four new member companies – Brunswick Corporation, Consolidated Engineering Company, Shapiro Metals and Vesuvius USA. Brunswick Corporation joins the association as a producer member – a firm that makes or fabricates aluminium products. The three companies join as associate members – organizations that supply goods and services to the aluminium industry. Michelle O’Neill, Senior Vice President, Global Government Affairs & Sustainability at Alcoa and Chair of the Aluminum Association said: “This is a dynamic time for the aluminium industry in the United States, with both opportunities and challenges for the full value chain.” “We are pleased to welcome these new members and their unique perspectives to the conversation as we continue to represent the full...
As updated by Shanghai Metals Market, expectations of greater orders at downstream manufacturers of aluminium wire and cable drove them to stockpile aluminium rod as raw materials in the first week after the Chinese New Year break. This could be accounted for the increase in the processing charges of aluminium rod, SMM learned. Post-holiday inventories at aluminium rod processors stood below than a year ago, as some cable and wire plants ordered cargoes ahead of CNY, and this also prompted aluminium rod processors to firm up offers. In the first post-CNY week ended February 15, in Shandong, average processing charges of aluminium rod rebounded some RMB70 per tonne from pre-holiday, to RMB320 per tonne as of February 15, with the lowest prices rising RMB90 per tonne. In Shandong and Henan,...
Stocks of 6063 aluminium billet across five major consumption areas in China declined some 4,800 tonnes from Thursday February 14. Aluminium billet inventories now stood at 164,500 tonne as of Thursday February 21, Shanghai Metals Market data showed. Limited cargoes arrived at warehouses and this accounted for the decrease in aluminium billet stocks. Compared to last week, In Foshan, Guangdong and in Wuxi, Jiangsu, the billet stocks reduced 9,00 tonnes and 1,300 tonnes to stand 89,000 tonnes and 27,700 tonnes as of today. In Changzhou, Jiangsu, stocks fell 1,000 tonnes to 22,000 tonnes, while stocks in Huzhou, Zhejiang and in Nanchang, Jiangxi declined 1,800 tonnes and 6,200 tonnes to stand at 10,000 tonnes and 15,800 tonnes. The price of aluminium alloys (A356) increased RMB50 per tonne...
Shanghai Metals Market research found that operating rates across some 50 Chinese extrusion manufacturers in January dropped on an incessant weak demand from the construction extrusion sector. Surveyed extrusion manufacturers in the said month operated at 49.02 per cent, month-on-month down by 5.67 percentage points, but up 1.12 percentage points year-on-year. The operating rate for construction extrusion, on the other hand, registered 47.23 per cent, down from a high of 63.69 per cent in June 2018. The operating rate for industrial extrusion also edged down, but in a limited range because of the stable demand from aluminium formwork and solar industry. From 59.77 per cent in December, the rate dropped to 58.75 per cent in January. Operating rates across large manufacturers with an...
A Courier-Journal reports that Braidy Industries that is constructing a massive aluminium rolling mill in north-eastern Kentucky in the U.S. is now seeking a new loan of up to US$800 million. The company is applying for the loan under a federal program that hasn’t given out a loan to any company in almost eight years. Kentucky governor Matt Bevin considered the aluminium mill planned for Greenup County as a major win in his administration’s efforts in order to create new jobs and attract more industries and business to the Commonwealth. The report says Braidy has applied for a loan of about US$800 million from the U.S Department of Energy’s Advanced Technology Vehicles Manufacturing direct loan program. The amount will cover almost half of the estimated $1.7 billion cost to build the...
Aluminium foil has made an essential part of flexible packaging and container applications along with its use in automotive and heat exchange components, insulation material and other industrial applications. Its use is witnessing a year-on-year growth across the world owing to characteristics like strength, formability, and barrier properties. {newsStudioGallery} In Europe, as flexible packaging market is expected to grow from $28.22 billion in 2016 to $ 41 billion by the end of 2021 at a CAGR of 7.76%, the United Kingdom emerges as a large consumer of aluminium foils. But according to our third-party data, the country’s estimated aluminium foil import saw a plunge in the last two years. In 2018, the UK’s foil import volume was approximately at 96,392 tonnes, a tad lower from 96,586...
Scientists from London's Brunel University and Tomsk State University made an experiment in which they successfully added nanoscale diamond to melted aluminium to create new aluminium alloy. The researchers said in a media statement that the new alloy would be suitable for maritime transport. This is the first time that aluminium alloys are synthesized with nanodiamonds for a material experiment. "Nanoscale diamond is a powder of diamonds, with a particle size of several nanometers. Master alloys are auxiliary alloys used to introduce other elements into the liquid metal. In this experiment, they are rods that will later be quite convenient and technologically advanced for use in production," the statement said. The aluminium alloy that was produced in the experiment is of high quality,...
AMAG,a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, announced that its newly constructed cladding station was officially commissioned on Monday, February 11, 2019. Helmut Wieser, Management Board Chairman (CEO) of AMAG, said: "The new plants expands our technological expertise and boosts our competitive strengths. With special multi-layer material composites made of aluminium, we are meeting the future requirements of our customers, especially from the heat exchanger and aviation industries." AMAG supplies aluminium products to the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries. The new facility forms part of the "AMAG 2020" expansion project, which – together with the new cold...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy Conductors and aluminium wire rods for power transmission and distribution applications, announced financial results for the quarter ended on 31st December, 2018. The company reported net sales of INR130.48 crore in Q3 FY2018-19, down 29.96 per cent from INR186.30 crore in Q3 FY2017-18. On a quarterly basis, net sales dropped 2.28 per cent from Q2 FY2018-19 total of INR133.53 crore. Net profit stood at INR 0.39 crore for the December quarter 2018, from INR 1.59 crore for the December quarter 2017. Data shows a decline of 75.4 per cent year-on-year. On a quarterly basis, net sales dropped 82.11 per cent from Q2 FY2018-19 total of INR2.18 crore. Hind Aluminium’s EBITDA stood at INR 3.59 crore, down 42.47 per cent from...
China’s exports of unwrought aluminium and aluminium products surged to a record high in January 2019, according to China customs data released on Thursday, February 14. China, the world’s top aluminium producer, exported 552,000 tonnes of unwrought aluminium and aluminium semis last month. {newsStudioGallery} The number was up 6.2 percent from a revised figure of 520,000 tonnes in December 2018 and up 25.5 per cent from January 2018. This beats the previous record high of 542,700 tonnes set in December 2014. China recorded a total export of 5.8 million tonnes of unwrought aluminium and aluminium products in 2018, an increase of 20.9 per cent from a year earlier, despite a 10 percent tariff on aluminium imports into the United States imposed in March.
According to Shanghai Metals Market, as of Thursday February 14, stocks of 6063 aluminium billet across five major consumption areas in China increased some 12,600 tonnes from Monday February 11. Stocks of aluminium billet now stood at 169,300 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the billets stocks stood at 88,100 tonnes and 21,000 tonnes respectively. In Wuxi, Jiangsu, the inventory stood at 26,400 tonnes. Inventories continued to expand this week before downstream buyers fully returned from the Chinese New Year break The price of aluminium alloys (ADC12) remained unchanged at RMB 14,800 per tonne today. This price has been continuing since February 1. The prices of aluminium alloy (A356) and aluminium alloy (A380) have been hovering at RMB 14,000 per tonne and RMB...
Arconic Inc. announced it will invest nearly $100 million to expand its Tennessee Operations facility near Knoxville, Tennessee. The company will expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminium products. The company said customer commitments for most of the anticipated increase in capacity are already in place and the remainder is expected to be filled by projected customer demand. The project is expected to be complete by the fourth quarter of 2020. Tim Myers, President of Arconic’s Global Rolled Products business said: “This investment will add capacity to meet growing demand for industrial products and automotive aluminium sheet. With this expansion, we are further diversifying the portfolio of one of our...
JW Aluminum, which makes flat-rolled aluminium products, ranked fourth in the Top Economic Investment Announcements of 2018. According to the South Carolina Department of Commerce Annual Industrial Recruitment Report, the company’s $255 million expansion project secured the no.4 spot on the investment list. In Berkeley County, South Carolina, JW Aluminum is second only to Google in terms of capital investments last year. Stan Brant, Chief Operating Officer at JW Aluminum said: “The ranking is based on our previously announced investment of $255 million. Additional planned investments will bring the total investment in Goose Creek to over $300 million and make our South Carolina facility one of the most technologically advanced continuous cast plants in the world.” Recently named the...
According to a report by Business Standard, Hindalco Industries is eyeing lithium in the minor mineral space for strengthening its aluminium business. Managing Director Satish Pai said: “Lithium is the closest to our (aluminium) business, and in India, there could be some opportunities in this minor mineral. We are watching. If we get an opportunity we will get into this minor mineral.” Per the report, India’s one of the largest aluminium producer and part of the $44.3-billion Aditya Birla Group is targeting the minor mineral via its mining arm Essel Mining and Industries (EMIL). At present, Essel Mining is into coal and iron ore mining contract, operating in 35 countries. “It is Essel Mining, the group’s mining arm, which is looking into this,” Pai said, without divulging any detail...
The United Arab Emirates Minister of Economy Sultan bin Saeed Al Mansouri reportedly said on Monday, February 11, that the UAE should not take sides between the US and China. He also alerted that the trade war between the world’s top two economies may harm all of us. On Monday, a team of US negotiators reached China to restart trade talks in order to thrash a deal before March 1. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will join for the main event on Thursday and Friday. The US President, on the other hand, has postponed the plan to increase 10 per cent tariff to 25 per cent on Chinese imports worth US$200 billion for allowing negotiators some time to thrash out a deal. However, the US and China have already slapped each other with tariffs on...
Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, posted 8 per cent increase in revenue in in Q3 FY19. Revenue stood at INR11,938 crore, from INR11,044 crore in Q3 FY18. EBITDA rose 4 per cent YoY to INR1,926 crore in Q3 FY19, on the back of supporting macros, improvement in operational efficiencies and better realisations. This was despite increase in input costs, mainly of coal and furnace oil. Profit After Tax stood at INR713 crore in Q3 FY19, up 47 per cent, from INR484 crore in Q3 FY18, driven by higher EBITDA and lower finance costs. Revenue from its aluminium business for Q3 FY19 stood at INR6,018 crore, up 13 per cent, from INR5,345 crore in Q3 FY18. EBITDA at INR1,286 crore in Q3 FY19, rose 8 per cent, compared to INR1,188 crore in Q3 FY18, on...
