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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The upside for India’s largest forging company; Bharat Forge is likely to remain capped in the medium term despite its September quarter results beating Street estimates. Revenue growth is expected to moderate from commercial vehicle makers for domestic and overseas customers as the current year is likely to be a peak year for revenue growth in the current cycle. The supply to commercial vehicle makers accounts for nearly 41 per cent of the total revenues of the company. In the September quarter, domestic and overseas commercial vehicle segment’s revenue grew 23 per cent and 27 per cent respectively. The growth of commercial vehicle in the September quarter may continue for the next half of the current fiscal. However, moderation in revenue may start from the next fiscal year, according...
Endurance Technologies has received an approval for raising of funds through issuance of fresh/new equity shares through one or more public or private offerings or combination thereof as may be permitted under applicable law(s), for an amount up to INR 750 crore. Endurance Technologies is one of the leading automotive component manufacturers, with operations both in India and Europe (Italy and Germany). The company has 26 plants across India, Italy and Germany. Out of 26 plants, 18 plants are in India, 3 plants are in Germany and 5 plants are in Italy. In India, the Company cater to two and three wheeler OEM5 and its products include aluminium castings, suspensions, transmission and braking systems. In Europe, it caters to four wheeler OEM5 and mainly supply aluminium casting products....
Hindalco plans to scale up the rolling capacity to 100 thousand tonnes by investing around $180 million in Brazil. Hindalco’s Managing Director and Chief Executive officer Satish Pai made the announcement on Friday, November, 2. “We will do a bit of capacity addition in Brazil where we have 80% market share (in the aluminium segment). We will add another 80-100KT for expanding rolling capacity there,” Satish Pai said. Hindalco, which announced the acquisition of downstream aluminium producer Aleris for $2.58 billion earlier this year through its wholly-owned subsidiary Novelis, expects to close the deal by April 2019. “All is progressing well. Though no clearances have come yet, we don’t have any red flags either. Financial closures will happen when we close regulatory aspects of the...
Hindalco Novelis, the leader in aluminium rolling and recycling, has reported results for the second quarter of fiscal 2019 and reported net income of $116 million. Excluding special items, net income increased 56% YoY to US$122 million. Adjusted EBITDA increased 18% YoY to US$355 million. The increased EBITDA is attributed to the continuous efforts to optimize the investments made to increase rolling, automotive finishing and recycling capacity. It was further supported by favourable market conditions. Net sales increased 12% YoY to US$3.1 billion and the increase is attributed to higher average aluminium prices, higher total shipments and a favourable product mix. Shipments of flat rolled products increased one per cent to a record high 807 thousand tonnes. "Continued strong customer...
According to the data by Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China extended a week-on-week decline by some 2,400 tonnes over the weekend ended on Thursday, November 1, to stand at 141,100 tonnes. The reason for this plunge could be enthusiastic transactions among downstream purchasers. In Foshan, Guangdong and Wuxi, Jiangsu, the inventories dropped by some 3,300 tonnes and 1,600 tonnes to stand at 72,900 tonnes and 21,200 tonnes, respectively. Inventories in Nanchang, Jiangxi, on the other hand, surged by around 4,400 tonnes and stood at 17,300 tonnes. For more details, refer to the chart below: Aluminium alloys (ADC12) price also dropped yesterday, on November 1, from RMB 15,450 per tonne to RMB 15,400 per tonne. But today, on...
Japanese aluminium company UACJ has removed Rusal from a list of its suppliers for next year due to uncertainty over U.S. sanction against the Russian aluminium giant, according to news published by Reuters. “Given uncertainty over (the U.S. sanctions against) Rusal, we are removing Rusal for now from the list of suppliers from which we plan to procure aluminium ingots next year,” UACJ President Miyuki Ishihara said on Thursday. “But we have secured enough supplies from other sources,” Ishihara said. UACJ, one of the top aluminium rolling product manufacturers, is testing out aluminium produced by other alternative suppliers. Ishihara also suggested that the company may resume procurement from Rusal depending on the sanction’s situation. The U.S. Treasury in April imposed sanctions...
Novelis Inc., the world leader in aluminium rolling and recycling has announced its plan to build a global network of Customer Solution Centers (CSCs). This is aimed at accelerating collaborative innovation between Novelis and automakers for designing next generation cars. Novelis will work with OEMs towards optimizing the use of lightweight, high-strength aluminium to design the best solutions for specific applications at right costs. This will also facilitate better competition against other metals. The facilities will be located close to automakers' manufacturing sites in North America, China and Europe and will be led by leading researchers, designers and engineers. Novelis CSCs will also demonstrate product concepts, simulate customer processes and performance in use, as well as...
China’s Zhongwang, the World’s second largest and Asia’s largest industrial aluminium extruded products developer and manufacturer, has reportedly seen a growth in its business performance through the year 2018. In the third quarter ended on September 30, 2018, its sales volume increased from 204,170 tonnes in Q3 2017 to 247,725 tonnes, up 21.3 per cent, and revenue increased from RMB 5,389 million to RMB 7,027 million, up 30.4 per cent. The Gross profit and net profit of the company also surged by 21.2 per cent and 14.6 per cent respectively, from RMB 1,899 million in Q3 2017 to RMB 2,302 million and from RMB 1,084 million to RMB 1,243 million. EBITDA registered a growth as well, from RMB 1,874 million in the contemporary period last year to RMB 2,106 million, up 12.4 per cent. The...
Industry leaders joined Aluminum Association president & CEO Heidi Brock in testifying before the U.S. International Trade Commission (USITC) on Tuesday, October 30. The testimony urged the USITC to reach a finding in the Commerce Department’s self-initiated case that unfairly-traded imports of common alloy aluminium sheet from China are injuring domestic producers, a press release from Aluminum Association confirms. Senior officials from association member companies: Aleris, Arconic, Constellium, Jupiter, JW Aluminum and Novelis shared details on how Chinese common alloy aluminium sheet imports have injured U.S. producers and threatened a key market in the U.S. economy. Heidi Brock said: “The relief we seek will help ensure that the U.S. common alloy sheet market industry can compete...
According to the latest update by Shanghai Metals Market, downstream aluminium consumers showed the least enthusiasm in making purchases followed by the tumbled SHFE aluminium contract for November delivery in the second session of morning trading, on Wednesday, October 31. The SHFE 1811 contract traded range-bound in the first trading session with most spot transactions across eastern markets at RMB 13,980 per tonne to RMB 13,990 per tonne. Following the decline in futures prices in the second session, spot transactions fell to a range of RMB 13930 per tonne to RMB 13,980 per tonne with some offers at RMB 13,910 per tonne. These erratic prices, as a result, distracted downstream consumers and reduced overall transactions across eastern markets. In Shanghai, most transactions were found...
AMAG Austria Metall AG, the leading Austrian premium supplier of high-quality aluminium cast and flat rolled products, posted an update on their performance during the first three quarters. The company continued to ramp up new plants and facilities in its Rolling Division. This volume growth in the Rolling Division largely offset drop in shipments in the Metal and Casting divisions. The AMAG Group's total shipments dropped 1% to 315,700 tonnes in the first three quarters of 2018 compared with the same period of 2017. Commenting on the results, Helmut Wieser, CEO of AMAG said, "We have achieved further success in the challenging ramp-up of our new production plant. While we registered only slight growth in shipment volumes in the Rolling Division in the first half of 2018, the ramp-up has...
Arconic reported third quarter 2018 results with revenues of $3.5 billion, up 9% year over year. Organic revenue was up 7% YoY, driven by higher volumes across all segments in the aerospace engines, defence, automotive end markets, commercial transportation, industrial, and building and construction markets. The company reported net income of $161 million in Q3 2018, net income of $119 million in Q3 2017. Net income excluding special items was $160 million in Q3. Arconic reported operating income of $345 million, up 11% YoY and operating income excluding special items of $348 million, up 4% YoY. Arconic Chief Executive Officer Chip Blankenship said, “In the third quarter, Arconic delivered solid organic revenue growth while increasing adjusted free cash flow. Our team remains focused on...
According to Aluminum Association, demand for aluminium semi-fabricated (mill) products in the United States and Canada (domestic shipments plus imports) was up 1.6 per cent YoY to an estimated 790,000 tonnes in August. YTD semi-fabricated demand stood at 6.1 million tonnes, up 2.3 per cent from the same period of 2017. Shipments of aluminium extruded products increased 2.9 per cent to 240,000 tonnes in August. However, aluminium extrusion shipment in September registered a drop over August 2018. Shipments of Aluminum Extruded Products (extruded shapes, pipe & tube, and rod & bar) by U.S. and Canadian producers totalled 204,116 tonnes during September 2018, a rise of 1.3 per cent over the September 2017 total of 201,531 tonnes. Compared to the previous month, shipments decreased 7.9 per...
Gränges, a supplier of rolled aluminium products for heat exchanger, presented interim results for the nine months 2018. The company’s sales volume increased to 287.5 ktonnes (286.5). Net sales stood at SEK 9,836 million (8,701). Adjusted operating profit stood at SEK 813 million (754), up 7.9%, while adjusted operating profit per tonne increased to 2.8 kSEK (2.6). Profit for the period increased to SEK 539 million (500) and includes SEK –64 million of items affecting comparability and profit from joint ventures of SEK 22 million. Cash flow before financing activities decreased to SEK 398 million (530) and includes capital expenditure of SEK 524 million (180) and an increase in working capital of SEK 165 million due to US sanctions against one of Gränges’ aluminium suppliers. Gränges CEO...
Aluminium extrusion company Exlabesa Extrusions has made an investment in a 35 MN extrusion press to upgrade its Doncaster, UK factory. The new 35 MN extrusion press will replace its existing 20 MN extrusion press. The press will be used primarily to extrude profiles for automotive, architectural and industrial applications from aluminium billets with a diameter up to 254 millimetres and a maximum length of 1,400 millimetres. Fernando Quinta, Director at Exlabesa Extrusions Doncaster said: “This investment will enable us to upgrade our plant and continue to deliver the outstanding quality our growing customer base relies on.” Commissioning of the extrusion press in Doncaster is planned for the beginning of 2019. With this new extrusion press, Exlabesa Extrusions Doncaster will improve...
Gränges,a global supplier of rolled aluminium products for heat exchanger applications and other niche markets, announced it will invest SEK 400 million to improve efficiency and expand the production facility in Finspång. Finspång facility, which produces advanced aluminium materials for heat exchangers to the automotive industry, will increase capacity by 20 thousand tonnes to 120 thousand tonnes per annum. The project is expected to be completed in the second half of 2021. Gränges CEO Johan Menckel said: “By streamlining and expanding the facility in Finspång, we create opportunities for a clear improvement of operating results in our European operations. We also take important steps forward in our sustainability efforts by reducing transports and converting from diesel to electric...
Aluminium products manufacturer Constellium published results for the third quarter and nine months of 2018. For the third quarter of 2018 , the company reported total shipments of 379 thousand tonnes, up 1% YoY on higher shipments in Automotive Structures and Industry and Packaging and Automotive Rolled Products segments. Revenue stood at €1.4 billion, up 12% YoY due primarily to higher aluminium prices and improved price and mix. Net income stood at €217 million compared to net income of €21 million in Q3 2017 and adjusted EBITDA stood at €114 million, up 2% YoY. For the first nine months of 2018 , total shipments increased 3% YoY to 1.2 million tonnes. Revenue stood at €4.3 billion, up 8% YoY. Net income stood at €248 million compared to net income of €49 million in the first nine...
JW Aluminum, a leading domestic manufacturer of flat rolled aluminum, is investing $8.5 million to install a new tension leveling and slitting line at its Goose Creek, South Carolina facility. The new coil processing equipment, custom built by Red Bud Industries and Machine Concepts, is designed to maximize output and increase efficiency. The tension leveler will also ensure optimum material flatness. Installation begins in the third quarter of 2019 and will be fully operational by the end of 2019. Illinois-based Red Bud Industries will manufacture the entire line with the exception of the tension leveler, which will be provided by Machine Concepts located in Minster, Ohio. Red Bud’s equipment features advanced controls and diagnostics that continuously monitor the line to ensure proper...
