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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Novelis, the world leader in aluminum rolling and recycling, today reported net income of $307 million for the second quarter of fiscal year 2018, compared to a net loss of $89 million in the prior year period. Excluding tax-affected special items in both years, the company reported net income of $78 million in the second quarter of fiscal 2018, up from $60 million reported in the second quarter of fiscal 2017. The increase in net income, excluding special items, is mainly due to a 12 percent increase in Adjusted EBITDA to a record high $302 million for the second quarter of fiscal 2018. The year-over-year improvement in Adjusted EBITDA is primarily a result of higher shipments, favorable metal costs and operational efficiencies, partially offset by lower beverage can pricing. Adjusted...
Boeing, the world's largest aerospace company, announced an investment in Gamma Alloys. This represents the first Boeing HorizonX investment in advanced materials and machining development and applications. Steve Nordlund, Vice President of Boeing HorizonX, said: "The wear, strength, durability and machining characteristics of Gamma's materials have the opportunity to further reduce the weight of our products." "The traction that Gamma Alloys has gained in automotive, energy and aerospace reinforces our confidence that Gamma has a unique set of materials." Valencia, California-based Gamma Alloys develops nano-reinforced aluminium alloys, where the aluminium is reinforced with microscopic particles, or nanoparticles. Gamma Alloys CEO Mark Sommer commented: "With funding from Boeing, we...
Trimet Aluminium is seeking a partner for its automobile aluminium products business. The automobile parts business has an annual production of about 13 million. Executive board member Thomas Reuther told Reuters that the company has annual sales of about 200 million euros ($232 million). “We are currently seeking a partner for this business,” Reuther said. “The problem is that automobile producers want platform suppliers with a global organisation, especially with a presence in North America or China.” “We are a family-owned company in Europe and we do not have the capability to do this alone. A partner is now being sought who will accompany us in this sector.” “The automobile industry in Europe is currently focussing intently on electro-mobility and autonomous driving,” he said. “We are...
China Zhongwang, world’s leading aluminium extrusions product manufacturer, yesterday announced its third quarter results. The company posted an increase in profit and revenues during the third quarter of 2017. The increase was due to the higher aluminium prices. China Zhongwang’s revenues in Q3 2017 stood at 5.39 billion yuan, up 12.5 per cent from 4.791 billion yuan last year, according to Reuters report. The company reported net income of 1.08 billion yuan ($163 million) for the third quarter of 2017, up from 1.07 billion yuan last year. The company’s total sales were reported at 204,170 tonnes for the mentioned period, down 6.9 per cent.
Daniel, a supplier of cold mills plants to the metal industry, has received an order from Logan Aluminum for supply of the world’s most advanced and productive cold mill. The new Danieli DiamondFlex 6-High Cold Rolling Mill (CM4 designation) will be installed at Logan Aluminum, in Western Kentucky, USA. Logan Aluminum Inc. is a joint venture between Tri Arrows Aluminum, Inc. and Novelis Inc. It manufactures aluminium sheet products with capabilities and experience in ingot casting, hot rolling, cold rolling, and finishing operations. “The operation of the new mill will further enhance Logan’s capabilities by rolling 29,500 kg coils with maximum strip width of 2133mm at speeds of up to 2200 m/min. Logan’s new mill will be the fastest Cold Mill in the world, and also the most powerful with...
The AMAG Group, a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products for highly varied industries continued its successful trend in Q3 2017. The company achieved YoY growth in terms of shipments, revenue and earnings in the January to September 2017 period. The total shipments of AMAG were up 3 % YoY to 318,900 tonnes during the first three quarters of 2017. The organic growth programme at the Ranshofen site was the main driver of this volume expansion. In terms of aluminium rolled products, shipment volumes were up by 6 % compared with the same period of 2016 to reach a new record level of 162,500 tonnes. Helmut Wieser, CEO of AMAG: "We have again successfully translated our increasing specialisation and technological expertise into business...
China expressed dissatisfaction following the U.S. decision to impose duties on aluminium foil. The government will take necessary measures to safeguard the legal rights and interests of Chinese companies and reserve rights under the WTO’s dispute settlement mechanism. The U.S. Commerce Department announced on Friday that it would impose duties in the range of 96.81 per cent to 162.24 per cent on Chinese aluminium foil. They found that exporters of aluminium foil sold their product at prices below cost. Wang Hejun, Director of the Trade Remedy and Investigation Bureau, said “The US is not only harming the interests of Chinese companies, it is also damaging the seriousness and authority of multilateral rules and regulations.” “We urge the United States to earnestly fulfil its international...
U.S. Secretary of Commerce Wilbur Ross announced on Friday that the Commerce Department issued affirmative preliminary antidumping duty determination on aluminium foil from China. It was found that exporters of aluminium foil sold their product at prices below cost. The U.S. Commerce Department would impose duties in the range of 96.81 per cent to 162.24 per cent on Chinese aluminium foil. Commerce will announce its final anti-dumping determination on February 23, 2018. U.S. Customs and Border Protection (CBP) will collect cash deposits from importers of aluminium foil based on the preliminary rates. In 2016 aluminium foil imports from China were valued at an estimated $389 million. U.S. aluminium foil producers filed a petition with the U.S. government accusing China of dumping foils in...
Chassix, Inc., a manufacturer of aluminium and iron cast and machined chassis, powertrain and subframe automotive components, announced that it has entered into a definitive agreement to acquire BENTELER Automotive Farsund’s lightweight aluminium low pressure automotive casting business. President and CEO of Chassix Doug DelGrosso said, “The acquisition of BENTELER Automotive Farsund’s casting business accelerates our vertical integration in Europe, provides customer and product diversification, and further enhances our technical capabilities in our core business.” BENTELER Automotive Farsund’s casting business consists of a highly automated aluminium foundry in Farsund, Norway. It designs and produces lightweight aluminium structural castings. Laurent Favre, CEO BENTELER Automotive,...
Kobe Steel Ltd said on Thursday 88 of its customers had yet to confirm its products were safe in the light of widespread tampering of specifications, but it has not received any requests for recalls. Twenty-six of these customers were overseas companies, Kobe Steel’s CEO Hiroya Kawasaki told a news conference. He did not name any of the companies. “The scope of the wrongdoing found is far beyond what I had imagined at the start of the probe,” he said. Japan’s third-largest steelmaker, which supplies manufacturers of cars, planes, trains and other products across the world, said earlier this month that about 500 of its customers received products in which specifications were falsified, one of the biggest industrial scandals in Japan. Kawasaki updated the total number of affected customers...
Constellium today reported results for third quarter ended September 30, 2017.The company generated revenue of €1.3 billion in Q3, up 7% compared to the third quarter of 2016 Q3 2016 due to higher aluminium prices. Constellium reported net income of €21 million improved from €15 million in the third quarter of 2016. The company posted an adjusted EBITDA of €111 million for the third quarter of 2017, up 15% from Q3 2016. The company posted total shipments of 374k metric tons, down 1% compared to the third quarter of 2016 on lower shipments of packaging and automotive rolled products. Packaging & Automotive Rolled Products division achieved adjusted EBITDA of €60 million for the third quarter of 2017.In Q3, shipments of 258k metric tons declined 3% from Q3 2016 due to lower Packaging rolled...
In china, supply of aluminium continues shrinking due to the strict reforms. Chinese aluminium industry is bent on seeing a blue sky over Shanghai and all other provinces during this winter. The inventories are declining and effect of production reduction is slowly taking shape. SHFE Base Metals mostly opened high yesterday and retraced during noon. In the afternoon most of the metals kept volatile. All base metals including aluminium dropped during closure. Average Prices of A00 aluminium ingot have registered a rise from RMB 16,210/t to stand at RMB 16,270/t today October 26. A00 aluminium ingot prices across all individual markets have also increased consequently. South China market has registered the highest rise at RMB 95/t. Aluminum Alloy (ADC12) prices also have registered a rise...
China Zhongwang, the world’s second largest and Asia’s largest aluminium extrusions producer announced the acquisition of aluminium superyacht manufacturer Silver Yachts Ltd for an undisclosed amount. According to a report published by Reuters, China Zhongwang aims to expand the application of aluminium in the marine sector. China Zhongwang said that the acquisition of Silver Yachts was “a significant step to advance the company’s aluminium deep-processing strategy to the marine sector.” Perth-based Silver Yachts is a builder of custom, high-performance aluminium vessels ranging from 73 to 100 metres. China Zhongwang had purchased Germany’s Aluminiumwerk Unna in August 2017. Aluminiumwerk Unna AG is a leading manufacturer of seamless extruded aluminium tubes as well as tubular profiles.
Arconic Inc. announced the appointment of Charles “Chip” Blankenship as Chief Executive Officer and a member of the Arconic Board of Directors, effective January 15, 2018. Mr. Blankenship is a 24-year veteran of General Electric (GE) with experience in aviation and jet engine businesses, including running its commercial engine operations. Blankenship, 51, brings 20 years of aerospace experience to Arconic, having worked across GE’s aviation businesses, including aero engines, industrial gas turbines and aerospace alloy development. A metallurgist by education, Blankenship began his career with GE in 1992 after earning a B.S. in Materials Engineering from Virginia Tech and a Ph.D. in Materials Science and Engineering from the University of Virginia. Blankenship is a member of the National...
According to the latest report from Aluminum Association, U.S. and Canadian producers shipped an estimated 444.3 million pounds of Aluminum Extruded Products including extruded shapes, pipe & tube, and rod & bar during September 2017, up 1.4% over the September 2016 total of 437.9 million pounds. On a month on month comparison, shipments decreased 6.9% from that of August 2017. YTD shipments through September 2017 stood at 4,050.2 million pounds, up 1.8% over the same period of 2016. According to the report, U.S. and Canadian producers shipped an estimated 92.0 million pounds of Aluminum Drawing Stock, Bare Wire and Rod & Bar during September 2017, off 8.2% from the September 2016 total of 100.2 million pounds. Compared to the previous month, shipments dropped 7.1 per cent from the August...
Arconic Inc. reported results for the third quarter of 2017 with a revenue realization of $3.2 billion, up 3% YoY, driven by higher volumes across all business segments as well as higher aluminium prices. The company reported net income of $119 million versus $166 million in Q3 2016. Excluding special items, adjusted income stood at $132 million versus $137 million in in Q3 2016. The reported consolidated adjusted EBITDA stood at $430 million, up 14% YoY. Excluding special items, consolidated adjusted EBITDA stood at $437 million, up 2% YoY. Excluding special items, consolidated adjusted EBITDA margin stood at 13.5%, down 20 basis points year over year. The company reports net cost savings of 1.5% of revenues through its continued focus on cost reduction; in the third quarter. The company...
Leading aluminium value-added company Kaiser Aluminum Corporation announced third quarter 2017 results on Wednesday, October 18. The net income of US$20 million, or US$1.16 earnings per diluted share, was higher from the previous year’s Q3 net income and earnings per diluted share of US$15 million and US$0.82, respectively. Adjusted net income, excluding non-run-rate items was US$16 million, or $0.90 per diluted share, for Q3 2017, down from adjusted net income of US$19 million, or US$1.02 per diluted share of the corresponding period previous year. For the first nine months ended September 30, 2017, Kaiser posted net income of US$61 million, or US$3.49 EPS, down from net income of $67 million, or US$3.70 EPS in the same period last year. Adjusted net income, excluding an US$11 million...
According to a recent update from SMM, one of the large-scale aluminium enterprises in Shandong plans to launch four new Achenbach 1850 aluminium foil mills, with annual capacity of about 30,000 tonnes. After China has taken up measures to cut primary aluminium capacity across the country, aluminium enterprises in China are looking at investing in the downstream sector. Shandong province has announced big slash in aluminum output by over 2 million tonnes. Downstream investment is also driven by projected growth in the automotive and construction sector in China. The said Shandong aluminium enterprise is also aiming at seeking high value-added aluminium products to ensure profitability. The factory has already been built and the equipment is going to be installed in the end of 2017. The...
