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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Southern Aluminium Finishing (SAF), a manufacturer and distributor of aluminium products, could be hit by Trump’s latest move that imposed tariff on imported aluminium. A 10 per cent tariff on aluminium imports is expected to affect company’s operations. Aluminium tariff will raise its costs and therefore selling prices. SAF buys half of the aluminium rolls or coils from China and half of the products from U.S. producers. SAF’s products include architectural aluminium sheets, architectural metalwork, anodized and painted aluminium sheets, custom anodized aluminium extrusions, coil anodized aluminium extrusions etc. The company has manufacturing plants in Georgia, Tennessee, and California. “I think it definitely helps the rolling mills but the end users or manufacturers like us . . ....
India Day was celebrated at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Canada, on Wednesday. Speaking on the occasion, Nalco CMD and Aluminium Association of India chairman Dr Tapan Kumar Chand said India and Odisha in particular are making rapid progress in the aluminium sector. Addressing a large number of investors, prospectors, miners, manufacturers from all across the globe, Dr Chand also made a presentation on prospects of investment, exploration, technology collaboration, plant and equipment supply, export and import with India focussing on the growing significance of the aluminium sector. In response, a lot of enthusiasm was noticed among industries about the Nalco’s upcoming Angul Aluminium Park. The PDAC is considered one among the biggest...
President Donald Trump has signed proclamation imposing 10 per cent tariff on aluminium and 25 per cent levy on steel. The new tariffs will go into effect in 15 days. The move is likely to face retaliation from its major trading partners, the European Union and China. Trump said Canada and Mexico will be exempted from the new import tariff till the three countries decide on North American Free Trade Agreement (NAFTA). NAFTA talks are expected to resume in early April. He said: "We're going to hold off on the tariff to those two countries to see whether or not we're able to make the deal on NAFTA. If we're making the deal on NAFTA, this will figure into the deal, and we won't have the tariffs on Canada or Mexico." Donald trump said America’s trading partners who want exemptions from the...
China's exports of unwrought aluminium and aluminium products increased 25.8 percent in the first two months of 2018 from the same period last year. The country exported 817,000 tonnes of unwrought aluminium and aluminium products in January-February 2018. Chinese exports of unwrought aluminium and aluminium products were down in February. Total exports of these products decreased to 372,000 tonnes in February 2018, According to the latest preliminary data from the General Administration of Customs. China exported 445,000 tonnes of unwrought aluminium and aluminium products in January 2018, up 14.3 per cent YoY. In 2017, the country exported 4.79 million tonnes of unwrought aluminium and aluminium product, up 4.5 per cent year on year. Separately, China has expressed "strong...
Japan’s aluminium industry is urging Trump to not advance with his tariffs plan, saying the action will damage country’s business and will increase uncertainty for future trade relations. U.S. President Donald Trump announced last week that he will impose a 10 per cent tariff on imported aluminium and a 25 per cent on imported steel to protect U.S. producers. “We want Trump to abandon the plan,” Yoshihisa Tabata, executive director of the Japan Aluminium Association told Reuters on Monday. “The U.S. is the second-biggest exporting market after China for Japanese aluminium producers and the high duties will directly impact on their business.” Japan produced 2.07 million tonnes of rolled and extruded aluminium in 2017. The country shipped about 27,000 tonnes to the United States last year....
Novelis, the biggest buyer of aluminium in the US, says President Donald Trump’s proposed tariffs on the metal don’t “get at the core issue” of Chinese overcapacity and will only increase costs for consumers. The Atlanta-based company, which makes aluminium for the car and beverage can industries, said it customers are concerned about price inflation following Mr Trump’s announcement that he planned to set a 10 per cent tariff on all imports. “At the end of the day what we’re doing is increasing the cost to end market consumers and customers,” said Steven Fisher, chief executive of Novelis. “We’re not really getting at the core issue.” The US should instead work with its trading partners to resolve Chinese aluminium overcapacity and subsidies the industry receives, Mr Fisher said. “It’s...
President Donald Trump announced that his tariffs plan on imported aluminium and steel might be exempted Mexico and Canada if they agree to a new & fair NAFTA agreement. "We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for USA. Massive relocation of companies and jobs. Tariffs on steel and aluminium will only come off if new & fair NAFTA agreement is signed," Trump tweeted on Monday. The US, Canada, and Mexico are currently negotiating the North American Free Trade Agreement (NAFTA). President Donald Trump said that he will impose a 10 per cent import tariff on aluminium and 25 per cent on steel to safeguard U.S. producers. Trump is expected to formalize his tariffs plan this week.
Italy’s exports of commodities have increased during the last five years. Italy’s aluminium bar rods and profiles exports accounts for 1.8% of the total exports of the country. The country’s exports of aluminium bar rods and profiles are projected to decline in 2018. Global import-export data reveals that Italy exported 189046 tonnes of aluminium bar rods and profiles in 2016. Italy exported aluminium bar rods and profiles worth USD699 million. Italy’s exports of aluminium bar rods and profiles increased to 203903 tonnes and value of this product stood at USD 1.5 billion in 2017 (estimated). In 2018, the total export volume of aluminium bar rods and profiles is estimated to decline to 181979 tonnes and the value of export is projected to reach USD 1.4 billion. The top destinations of...
The International Monetary Fund announced on Friday that President Donald Trump’s decision to impose tariffs on imported aluminium and steel is likely to cause damage to the United States and global economies. IMF has urged countries to constructively resolve trade disagreements. “The import restrictions announced by the U.S. President are likely to cause damage not only outside the U.S., but also to the U.S. economy itself, including to its manufacturing and construction sectors, which are major users of aluminium and steel,” IMF spokesman Gerry Rice said in a statement. “We are concerned that the measures proposed by the U.S. will, de facto, expand the circumstances where countries use the national-security rationale to justify broad-based import restrictions. We encourage the U.S and...
China’s imports of aluminium alloy increased 35.7 per cent year-on-year in January, 2018. China imported 5562 tonnes of aluminium alloy from the global market, according to the latest import-export data published by China General Customs. Data Source: www.metal.com The United Arab Emirates exported the largest amount of aluminium alloy. China’s imports from the United Arab Emirates were increased 237 per cent YoY in January. Other top countries which supplied aluminium alloy to China were Taiwan (China), Russia, Malaysia, South Korea and others. China’s aluminium alloy export volumes increased 4.43 per cent year-on-year in January 2018. The country shipped 44,568 tonnes of aluminium alloy. In 2017, China exported 536,880 tonnes of aluminium alloy. Data Source: www.metal.com Japan, Hong...
FIGEAC AÉRO Group, the reference partner for major companies in the aerospace industry, Al Salam Aerospace Industries Co, AMIC (Advanced Metal Industries Cluster Co.Ltd), an affiliated company of Tasnee and Industrial Clusters signed a memorandum of understanding (MoU) to study the opportunities for the development of aircraft precision machining production plant in Saudi Arabia. Image Source: FIGEAC AÉRO The facility will manufacture products for civil and military aircrafts. The project comes in line with Saudi Arabia’s Vision 2030 to localise military and advanced industries and diversifying the national economy. “The partnership aims to identify the market potential in this geographic region and study the opportunities for the development of an industrial site specialising in the...
The proposed aluminium import tariffs that are currently being considered by US President Donald Trump's administration could have a positive impact on South African aluminium products manufacturer Hulamin's operations, CEO Richard Jacob said on Monday. Speaking to Engineering News Online in a telephone interview, he pointed out that if aluminium supply from China was curtailed - the main aim of the tariff recommendations made by US Commerce Secretary Wilbur Ross to create greater security for the US economy - it would create a global supply and demand imbalance that would push prices up. "Hulamin could benefit." Hulamin already enjoys the benefits of duty-free access to the US as a result of both the Africa Growth and Opportunities Act (AGOA) and General System of Preferences (GSP)...
President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada. Trump said the duties, 25 percent on steel imports and 10 percent on aluminum, would be formally announced next week, although White House officials later said some details still needed to be ironed out. Trump believes the tariffs will safeguard American jobs, but many economists say the impact of price increases for users of steel and aluminum, such as the auto and oil industries, will destroy more jobs than curbs on imports create. “We’re going to build our steel industry back and our aluminum industry back,” Trump said. Shares of U.S. domestic steel and aluminum...
According to a statement from China’s Ministry of Commerce (MOFCOM), released on Wednesday, the country has expressed "strong dissatisfaction" with the United States imposing anti-dumping and countervailing duties on Chinese aluminium foils. "The U.S. has disregarded the WTO rules and seriously damaged the interests of China's aluminium foil exporters. China is strongly dissatisfied with this," Wang Hejun, the head of MOFCOM's Trade Remedy and Investigation Bureau, said in a statement. The U.S. Commerce Department has made the wrong decision of levying high duties "without any evidence" and has "unreasonably and excessively" adopted trade remedy measures, which will affect its domestic employment and undermine the welfare of U.S. consumers, Wang added. Wang also added that China will take...
Constellium N.V. announced the grand opening of its new Automotive Structures plant in San Luis Potosí, Mexico on March 1, to supply aluminium Crash Management Systems and structural components to automakers in Mexico. The 5,000 sq m facility in San Luis Potosí features the latest technology for forming, machining, welding and heat-treating aluminium automotive components, along with a state-of-the-art quality lab to ensure products meet customers’ precise specifications. The plant is expected to have 100 employees by 2019 and may be expanded to 13,000 sq m to adapt to customers’ future supply needs. The automotive industry expects more than five million vehicles will be assembled annually in Mexico by 2020, making it one of the largest markets for automobile production. “It is an...
Aeromet International, a leading supplier of aluminium and magnesium castings and fully-finished, assembly ready cast parts for the aerospace and defence industries, has acquired Stone Foundries Ltd from Langham Industries. Stone Foundries is a manufacturer of high integrity aluminium and magnesium, sand and investment castings. The company provides parts for helicopters, commercial and military aircraft, jet engines, and motor racing. Vardhan Rajkumar, Chairman of Aeromet, said: “This deal is a very exciting development to consolidate two world class aerospace businesses in the UK. The enlarged business will be manufacturing parts for both Engine and Airframes and we will continue to be the supplier of choice for complex cast parts to the aerospace and defence industry worldwide.” Both...
The impact on China’s overall aluminium foil exports following the US final determination in the antidumping and countervailing investigations remains to be seen. The demand growth from other countries as well as the movement of SHFE/LME price ratio would be key, SMM believes. Late on February 27, the US Department of Commerce determined that Chinese aluminium foil exports are sold “less than fair value” in the US and that China is providing “unfair” subsidies to its producers. This was the affirmative final determination following an year-long investigation, which was launched in late March 2017 on a petition from the Aluminium Association Trade Enforcement Working Group. According to the DOC statement, Chinese aluminium foils were sold 48.64-106.09% less than fair value and that China...
Impol, a manufacturer of wide range of rolled and extruded aluminium products based at Slovenska Bistrica reported a record EUR 666m revenue for 2017 on Monday February 26. This was a 20% increase over 2016 and accompanied by an almost EUR 4m rise in pre-tax profit to EUR 38.9m. The group's EBITDA amounted to EUR 62m. The production and turnover rise of the largest exporters and industrial companies in Slovenia is primarily driven by the recent expansion to Croatia. TLM, a bankrupt aluminium producer from Šibenik was taken over by Impol which helped preserve almost 400 jobs and expanded its operations in Croatia. The company is positive about the ongoing road infrastructure upgrade in Slovenska Bistrica which will make operations easier for the company. The company announced it would...
