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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Preliminary estimates from Aluminum Association indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 9.6 million tonnes through September 2018, up 3% over the same period of 2017. Demand for semi-fabricated (mill) products was up 2.8 % to 7 million tonnes. Apparent consumption (demand less exports) in domestic markets was up 1.4% YoY to about 8.5 million tonnes. Exports of aluminium ingots and mill products from the U.S. and Canada (excluding cross-border trade) were up 16% over YTD 2017 to 1.2 million tonnes through Q3 2018. Imports were down 6.4% to 3 million tonnes. The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S....
Endurance Technologies Limited announced the unaudited financial results for the half year ended 30th September, 2018. The company’s consolidated total income including other income (excluding Excise Duty) grew by 23.3% to INR 38,093 million in H1 FY 2018-19, from INR 30,896 million in H1 FY 2017-18. Endurance said 72% of consolidated total income including other income came from Indian operations and balance 28% came from European operations. Consolidated PAT (before minority interest and OCI) stood at to INR 2,498 million, up 27.3% from INR 1,962 million. Consolidated EBITDA Margin improved to 14.8% in H1 FY 2018-19 from 14.7% in H1 FY 2017-18. Aftermarket sales from Indian operations grew from INR 983 million in H1 FY 2018-19 to INR 1,218 million in H1 FY 2018-19. Exports from India...
Having limited resources of bauxite from which alumina is extracted and converted to aluminium, Mexico has no alumina refineries in the country, and for the same reason, its aluminium industry is highly dependent on imports and recycling of aluminium products. Mexico’s aluminium industry has been reportedly growing steadily at a 13 percent annual rate since 2011 and producing 1.6% of the world’s global production. Moreover, it contributes to the country’s own economy by contributing about US$7 billion to GDP. According to the global export-import data, Mexico’s aluminium plates, sheets, and strips import is likely to grow in 2018 after a slight plunge in the previous year. In 2017, the country’s estimated import volume was at 260,669 tonnes. This year, it may grow 44 per cent to stand at...
Press Metal Aluminium Holdings Berhad, the largest Aluminium smelter in South East Asia, closed its nine months ended 30 September 2018 (9M FY18) with satisfactory results amidst fluctuation in both aluminium price and raw material costs. The company’s revenue in 9M FY18 increased 15.5% to RM6.94 billion, from RM6.01 billion in the same period previous year. The increase was mainly due to higher metal price and the completion of the acquisition of Leader Universal Aluminium Sdn. Bhd. Net profit attributable to shareholders increased 4.6% YoY to RM473.6 million. The higher profit is partly aided by proceeds from insurance settlement. The financial performance would have been stronger if not because of higher raw material prices. Group Chief Executive Officer Tan Sri Paul Koon commented:...
Aluminium auto parts maker and rolled and extrusion product manufacturer Constellium said that the decline of diesel engine will support the use of aluminium in cars as automakers will shift to lightweight cars to meet strict emission targets. Aluminium has become a significant part in the development of premium lightweight vehicles and electric vehicles as a smarter alternative to steel. The metal will continue to play an equivalent role in pushing EVs to the mass market. “If diesel is struggling then in a way it’s good for aluminum,” Constellium Chief Executive Jean-Marc Germain told Reuters. “Aluminum is very well placed to help reduce emissions.” Politicians are calling for bans on diesel vehicles on the ground that it releases greater nitrogen oxides. The European Union is planning...
Over the past five years, increased construction activity and expanded energy infrastructure have reportedly spurred the demand for aluminium wires and cables. Thus, the world aluminium wire rod usage increased consequently from 5.87 million tonnes in 2014 to about 6.26 million tonnes in 2017. The usage is further estimated to grow to 6.45 million tonnes in 2018 and by 2025 it is anticipated to reach 8 million tonnes. {newsStudioGallery} According to a research report by Global Market Insights, Inc., global aluminium wire market revenue is slated to exceed US$ 65 billion by 2024. Among some of the top aluminium wire producing countries, Canada is a notable one. Intral Inc., Noramco, Northern Cables are some noteworthy companies in Canada who produce a significant amount of aluminium wire....
According to a press release from European Aluminium Foil Association (EAFA), demand for Europe’s aluminium foil surge to record levels in the third quarter of 2018 compared to the same period of 2017. This was driven primarily by a solid performance in overseas markets. Aluminium foil deliveries in Q3 increased 6.4% YoY to reach 237,700 tonnes. Domestic demand also remained bullish throughout 2018 and continued to reflect a steady recovery in consumption with a growth rate of about 0.5%. YTD figures show impressive growth in comparison with 2017. In contrast to the first nine months of 2017 the exports increased 28.8%. Deliveries for thinner gauges, used mainly for flexible packaging and household foils, rose by 4.8%. Thicker foils, used typically for semi-rigid containers and technical...
On Monday, November 19, more than 30 American business and agriculture groups urged the United States Trade Representatives Robert Lighthizer to exempt aluminium and steel import tariffs on Mexico and Canada, arguing that such tariffs were hurting exporters and putting jobs at risk. In a letter addressed to Lighthizer, those business and agriculture groups wrote that Section 232 tariffs, since the time came into effect on June 1, affected their relationships with most important trading partners, and thus, strongly recommended to remove the metal tariffs from Canada and Mexico. The groups claimed that Section 232 tariffs on aluminium and steel caused immense harm to American manufacturers, consumers, and workers by raising costs for a wide array of industries. “This endangers the jobs of...
The Mexican Ambassador to the United States, Gerónimo Gutiérrez, said on Monday that he expects the Trump administration to lift the U.S. steel and aluminium tariffs imposed upon Mexico before the signing of the new trade agreement (USMCA) with Mexico and Canada by the end of this month. Even if it is not solved, they are expected to get a clear indication of a solution before the signing. The three presidents are meeting in Argentina, at the G-20 summit to be held between Nov. 30 and Dec. 1. President Donald Trump, his Mexican counterpart Enrique Peña Nieton and Canadian Prime Minister Justin Trudeau are expected to meet in Buenos Aires and sign the new United States Mexico Canada Agreement on the sidelines of the summit, which will host representatives from 20 major economies. It is not...
An official reported to Business Standard India has taken forward the trade dispute with America in the World Trade Organisation (WTO) and asked the Geneva-based multilateral body to set up a panel against the US for imposing high import duties on certain aluminium and steel products. According to the report, India took this move after it failed to resolve the issue through a bilateral consultation process with the US under the dispute settlement mechanism of the WTO. Per the rule, consultation was the first step of the dispute settlement process but if that failed to reach a mutually agreed solution, then the country could request for a WTO dispute settlement panel to review the matter. "So, now, India has asked the WTO for the establishment of the dispute panel on the matter," the...
The Aluminum Association reports that shipments of can stock by domestic producers increased 4.3 per cent YoY to stand at 158,757 tonnes during October 2018. Compared to the previous month, shipments increased 11.4 per cent over September. Year-to-date shipments through October 2018 dropped 1 per cent to 1.5 million tonnes from the same period of 2017. Compared to October 2017, producer shipments of can stock to U.S. markets increased 9.6 per cent to 141,974 tonnes, while exports decreased 25.6 per cent to 16,782 tonnes. Estimated net shipments of Aluminum Sheet and Plate by U.S. and Canadian producers increased 10.6 per cent YoY to stand at 361,513 tonnes during October 2018. Compared to the previous month, shipments rose 8 per cent over September 2018. YTD shipments through October 2018...
According to a survey report, aluminium foil production in South Korea from 2006 to 2017 has been through several ups and downs. In 2006, South Korea’s aluminium foil production was at 118,275 tonnes which over the years faced an increase and decrease until it clock at 102,449 tonnes in 2017. The below graph depicts the production volume over the years in more details. Out of this, the country exports a significant amount in various parts of the world. According to the global export-import data, South Korea’s estimated aluminium foil export in 2017 was at 65,058 tonnes out of the production volume of 102,449 tonnes. In 2016, however, the country’s estimated export volume was almost 16 per cent higher than in 2017 despite a lower production volume. While the production was at 96, 750...
JW Aluminum, a leading North American producer of flat-rolled aluminum products, today announced the appointment of Philip J. Cavatoni as Chief Financial Officer, effective immediately. "We’re excited to welcome Philip to the JW Aluminum team," said Lee McCarter, JW Aluminum’s Chief Executive Officer. "Philip brings extensive financial, operational, and strategic experience which will be a great asset to JW as we execute on our expansion plans and enter a new phase of JW’s growth.” Cavatoni comes to JW Aluminum from SixAxis LLC, a manufacturer of advanced safety products and equipment, where he has served as Chief Financial Officer since 2016. Previously, Cavatoni spent seven years with Alpha Natural Resources, where he held various positions including Chief Financial and Strategy...
VELOX, one of Europe's solution providers for the plastics, composites, additives, rubber, paints and coatings industries, has reportedly introduced a new line of CBright non-leafing aluminium pastes from aluminium pigments manufacturer Carlfors Bruk. Developed for solvent-borne printing inks, the newly-introduced CBright 400 NL pastes have good substrate and inter-coat adhesion properties suitable for printing on various substrates, including flexible packaging and plastics. By introducing this new range of silver dollar based non-leafing pastes, Velox completes its range of products for the printing ink industry. “Their investment in a new building and modern production equipment is a testament to Carlfors Bruk’s commitment to proving the highest-quality products to the industry,...
The total aluminium imports by the USA for consumption stood at 4.33 million tonnes in the first eight months of 2018, down 9.2 per cent from 4.77 million tonnes in the eight months of 2017, according to the latest Mineral Industry Survey report from US Geological Survey. The USA imported 459,000 tonnes of aluminium for consumption in August 2018. The imposition of tariff on aluminium is affecting the total imports of the USA. Imports of crude metal and alloys dropped 14% and scrap import decreased by 1%. But imports of semi-fabricated products increased by 3% in comparison to the same period of 2017. During January-August 2018, total crude metal and alloys and scrap import stood at 2.91 million tonnes, and 477,000 tonnes, from 3.37 million tonnes and 482,000 tonnes in the same period...
Aluminium industry in South Korea is lobbying against a Chinese aluminium major that is trying to enter the market on the back of the trade war with the USA. The aluminium major, Henan Mingtai Aluminum Industrial Co. is claimed to boast one of the world’s largest capacities in aluminium foil and coil. Members of the Korea Nonferrous Metal Association have put up a request last Friday at the offices of Gwangyang Bay Area Free Economic Zone Authority in the southern province of South Jeolla to reject Henan Mingtai Aluminum Industrial Co.’s proposal to build a plant there. If Henan Mingtai Aluminum builds a manufacturing plant at Korea, the Korean companies think, it will hit the domestic industry severely. Mingtai Aluminum is China’s second-largest aluminium rolling mill with an annual...
ALRO, one of the largest vertically integrated aluminium producers, by capacity, in Europe, published its consolidated financial results for the first nine months of 2018. ALRO Group turnover stood at RON 2.3 billion during January-September 2018, as compared to RON 2 billion during January-September 2017, on the background of favourable market conditions, yet challenging. Net profit dropped 12.8% YoY to RON 224 million in the first nine-month period of 2018, from RON 257 million in in the same period of previous year. Marian Năstase, Chairman of the Board of Directors of ALRO said: "We remained focussed on quality and overall efficiency of our operations, strategy that helped us report good results over the years and during these first nine months of 2018, as well, even though the market...
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy Conductors and aluminium wire rods for power transmission and distribution applications, has reported financial results for the 2nd quarter ended on 30th September, 2018. Net sales stood at INR133.53 crore in Q2 FY2018-19, down 14% from Q2 FY2017-18 total of INR155.26 crore. On month-on-month basis, net sales dropped 17.5% from Q1 FY2018-19 total of INR161.87 crore. The company’s net profit registered INR 2.18 crore for the September quarter 2018, from INR 2.87 crore for the September quarter 2017. Data shows a decline of 24% YoY. On month-on-month basis, net profit declined 19.85 % from Q1 FY2018-19 total of INR2.72 crore. Hind Aluminium’s EBITDA stood at INR 8.88 crore for the second quarter ended on 30th September,...
