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 aluminium rolling and recycling major has reported net income of $101 million for Q1 FY 2018, more than triple from $33 million in Q1 FY 2017. The YoY increase in net income is driven primarily by higher EBITDA and lower interest expense. "Our automotive strategy, enhanced operational performance and strong customer relationships resulted in record first quarter shipments while also increasing Adjusted EBITDA per ton," said Steve Fisher, President and Chief Executive Officer for Novelis. "Leveraging our unmatched global manufacturing footprint, innovative technology and closed-loop recycling systems, Novelis has become a preferred choice for automotive aluminium sheet. As more and more automakers turn to aluminum solutions to produce the next generation of vehicles, we are...
Hindalco Industries board will consider raising up to INR 4,400 crore via debt. The board “will consider... to avail not exceeding INR 2,400 crore working capital facility by way of commercial papers and unsecured debentures for aluminium business subject to necessary approval”, Hindalco Industries Ltd said in a filing to the BSE today. The board will also consider availing “not exceeding INR 2,000 crore working capital facility by way of commercial papers and unsecured debentures etc for copper business subject to necessary approval”, the filing added. The meeting of the board of directors is scheduled for August 11. Hindalco, the metal flagship of the Aditya Birla Group, is the industry leader in aluminium and copper, according to the company website. With a consolidated turnover of $17...
Germany’s import of aluminium plates, sheets and strips witnessed a drop in the first six months of 2017 ended June 30. The shrinkage in import volume and value is in line with the new-car sales figure for Germany which declined 3.5 per cent last month to 327,693 vehicles, according to data from Kraftfahrt-Bundesamt ( KBA )- Federal Motor Transport Authority. As per VDA industry Association, German domestic car production and exports are expected to fall 2 per cent each this year to 5.6 million and 4.3 million vehicles, respectively. In H1 2017, total import of aluminium plates, sheets and strips by Germany stood at 4,77,049 tonnes, down from 4,81,312.5 tonnes in H1 2016. The value of import also dropped from US$1.5 billion in H1 2016 to US$1.4 billion in H1 2017. Looking ahead to the...
The downstream aluminium sector last week is marked by a half yearly results, product announcement and market report on global aluminium casting. Hulamin Extrusions performed consistently despite further weakening of domestic market conditions. With this article, let’s revisit some of the news that you need to know from the downstream aluminium industry. Hulamin delivers improved financial results for the half-year ended 30 June 2017 Aluminium extruded product manufacturer Hulami’s rolled products volumes were up 8% to 221,000 tonnes annualised, as unit costs down 8%. The company increased its domestic beverage can packaging volumes by 133% despite a fall in overall manufacturing. The turnover increased by 3% to R5.1 billion. Aluminium products manufacturer Alcomet reports profit fall in...
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Owing to the faster growth of the building and construction sector, electrical applications have grown over the years driving demand for aluminium products like rod, wire, cable and conductor. Bahrain is a growing aluminium hub that houses Aluminium Bahrain (Alba), the oldest and the most profitable aluminium producer in the Middle East and a number of aluminium wire and cable manufacturers that export their products around the world. We are analysing the export data for aluminium wire in the first and second half of 2016 and the first of 2017 to get an idea about how the industry is moving recently. According to our data, Bahrain exported 248597.57 tonnes of aluminium wires in 2016. For the first half of the year, the amount stood at 114707.8 tonnes and it increased to 133889.69 tonnes...
The global aluminium powder and flakes market is estimated to be valued at US$3,453 million by 2021 growing at a CAGR of 3.51 per cent from US$2,808 million in 2015. The key players in the industry are expected to cash on the opportunities that abound the market during this period. Japan, known for its growing downstream aluminium manufacturing sector, which mainly caters to the automotive industry will be one of the prime demand epicentres in the Asia Pacific region. Japan’s aluminium powder and flakes import has been rising year-on-year since 2015. Last year, the country imported 4236.5 tonnes of aluminium powder and flakes, up from 3,777 tonnes in 2015. This year, the projected aluminium powder import volume of Japan though stands down at 4081 tonnes is expected to go up as the orders...
According to the Product Complexity Index (PCI), aluminium tube or pipe fittings are the 939th most traded product and the 279th most complex product. Germany is the top exporter of aluminium tube or pipe fittings after the United States and China. {newsStudioGallery} The U.S accounts for the largest chunk of aluminium tube or pipe fittings export by Germany. The country topped the list of aluminium tubes and fittings suppliers among the EU members. According to the recent estimate, in 2015, Germany exported 4832 tonnes of aluminium tubes and pipe fittings globally. The total revenue from aluminium tubes and pipe fittings export amounted to about US$ 57.95 million. In2016, Germany exported an estimated 2965 tonnes of aluminium tubes and pipe fittings. The total revenue from the export...
The global aluminium casting market is slated to grow at a CAGR of 5.87% CAGR during the period 2017-2021, reveals data published in a recent report by Marketstudyreport.com. Automobile industry and OEM manufacturers will drive the demand for aluminium casting during the forecast period. Aluminium castings are used in industries such as mining, construction, and electrical and electronics. These castings are lightweight, corrosion-resistant and highly conductive metal products which can be easily customized through heat treatment. It is ideally suited for automobiles as they help to improve the fuel efficiency by reducing the overall weight of the vehicle. This factor will contribute to the growth of the aluminium casting market. The report covers global market, especially in North...
Aluminium extruded product manufacturer Hulamin reported unaudited interim results for the six months to end June 2017, with headline earnings per share up 17% to 56 cents per share and operating profit up 11% despite stronger local currency. Richard Jacob, Hulamin's Chief Executive Officer, commented: "Hulamin has delivered a strong manufacturing performance and improved financial results, despite difficult market conditions and the Rand being 14% stronger compared to the corresponding period in 2016. Sales volumes increased by 8% and we achieved improved overall and per unit cost performance.” Hulamin’s rolled products volumes were up 8% to 221,000 tonnes annualised, as unit costs down 8%. The company increased its domestic beverage can packaging volumes by 133% despite a fall in...
Constellium N.V. has introduced a new generation of high-strength 6000-series alloys, Constellium HSA6TM, to help automakers meet growing demand for lighter weight vehicles. Constellium HSA6TM is in production for several 2017 and 2018 model year vehicles, including the MINI Countryman. Ideal for extrusion-based Crash Management Systems, Body-in-White structural components and battery enclosures, Constellium HSA6TM allows designers to optimize extrusion shapes and reduce wall thickness to achieve weight savings of 15-30% compared to conventional aluminium alloys. With ultimate tensile strength (UTS) higher than 400MPa, Constellium HSA6TMalso provides enhanced recyclability, machinability and corrosion resistance. Alternately, Constellium HSA6TM can provide 15-30% additional strength to...
Aluminium products manufacturer Alcomet from Bulgaria announced its consolidated results for the first half of 2017 on Monday July 31. The company’s consolidated net profit dropped to 9 million levs ($5.4 million/4.6 million euro) in the first half of 2017, from 13.6 million levs during the same period of 2016. However, the company’s sales revenue increased to 177.2 million levs in the first half of 2017, from 155.1 million levs in the first half of 2016, the company said in a house filing. The value of total products sales volume, however, rose to 157.8 million levs in the first half of 2017, from 130.8 million levs in the same period of 2016. Alcomet shares closed at 17.9 levs on Monday, in a trading volume of 313 units on the Bulgarian Stock Exchange.
According to the preliminary estimates published by Aluminium Association indicate that aluminium demand in the United States and Canada that includes shipments by domestic producers plus imports increased 4.2% YoY to stand at 11,538 million pounds in the first five months of 2017. For the period from January to May, demand for semi-fabricated (mill) products was up 6% to 8,215 million pounds. Apparent consumption (demand minus exports) in domestic markets increased 5.8% YoY to stand at an estimated 10,322 million pounds. Exports of aluminium ingot and mill products from the U.S. and Canada dropped 7.7% YoY to 1,216 million pounds through May, while imports were up 32.4% to 3,902 million pounds. For the month of May, demand for aluminium semi-fabricated (mill) products stood at an...
The industry has seen introduction of new products, capacity expansion and announcement of quarterly reports by some of the top players in the downstream industry. Let’s explore the top stories covering the downstream products vertical for the week that went by: Arconic reports improved revenue in Q2 2017 driven by higher volumes Arconic posted revenue of $3.3 billion, an increase of one per cent year over year. The company reported net income of $212 million in the second quarter. Arconic reported consolidated adjusted EBITDA of $444 million, an increase of 3 per cent year over year. Constellium reports record adjusted EBITDA during Q2 2017; revenue up 12% Constellium reported revenue of €1.4 billion in Q2, up 12% from Q2 2016 due to higher aluminium prices. The company reported net...
Aluminium extrusion is one of the most popular forms of aluminium products used every day in a number of innovative application areas. The possibilities for using aluminium profiles have no bounds. They are used for their strength, flexibility, durability and sustainability in a number of end user sectors such as construction, transportation, electrical, machinery and consumer durables. Aluminium extrusions can be given different finishes in order to customize the profiles according to the uses. UK has some of the best extruders in the market. But, there are a few that are owned by UK. The rest are either third party suppliers or regional branches of major global aluminium product manufacturers. We have listed the top five UK based aluminium extruders. The list is dynamic and the...
Constellium, a leader in the manufacturing of high-quality aluminium products and solutions, yesterday reported results for second quarter ended June 30, 2017. The company reported revenue of €1.4 billion in Q2, up 12% from Q2 2016 due to higher aluminium prices. The company reported net income of €15 million improved from €9 million in the second quarter of 2016. The company posted an adjusted EBITDA of €127 million for the second quarter of 2017, up 19% from Q2 2016. Constellium reported total shipments of 383k metric tons, down 1% compared to the second quarter of 2016 on lower shipments of packaging and automotive rolled products. For Packaging & Automotive Rolled Products division, Q1 adjusted EBITDA of €57 million, a slight increase from Q2 2016. In Q2, shipments of 258k metric tons...
Aluminium Extrusion Industries plc Nigeria has reported results for second quarter 2017. The company’s net profit has declined 43% to NGN34.1 million against NGN60.1 million, reported during the same period of FY2016. Aluminium Extrusion Industries Plc is Nigeria-based company that manufactures extruded aluminium products. The company is located in Imo State, Nigeria. The company revenue for the quarter remains flat YoY at NGN1.4 billion and the costs of sales too stands flat at NGN1.2 billion YoY. Aluminium Extrusion Industries’ gross profit for Q2 2017 dropped to NGN183.9 million compared to NGN199.3 recorded in the same period of financial year 2016. Total assets worth for the company for the period stood at NGN2.3 billion compared to NGN2.2 billion for the same period 2016 while total...
India’s Navaratna public sector enterprise and leading integrated aluminium producer National Aluminium Company Limited (NALCO) has strengthened its value-added portfolio. The company started production of AA 3105 aluminium alloy comprising aluminium, manganese, and magnesium at its rolling plant in the smelter division. NALCO CMD Tapan Kumar Chand said, “With this product, NALCO will be widening its base in value-added products and also be an active partner in the Make in India movement.” The new product A3105 aluminium alloy is expected to find a solid market in the electrical components and consumption market, initially within Odisha, facilitating revenue generation in the GST regime, reported a leading daily. With the new product launch NALCO takes the right step ahead toward...
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The aluminium wire rods market in Europe is estimated to grow at a CAGR of 1.4 per cent during the years 2017-2021, the report noted. Analysts projected that aluminium wire will replace 30 per cent to 40 per cent of copper wire in the coming years. Aluminium wire producers are investing in R&D and optimized supply chain network to stay competitive in the market. {newsStudioGallery} Today, the automotive and transportation, and construction, are the two major end-user segments that are driving the market for aluminium wire worldwide. The two sectors combined accounted for close to 73 per cent of the market share in 2016. Italy is estimated to witness an increase in import of aluminium wires due to rising demand for such product. According to the estimates, Italy imported 15230 tonnes of...
