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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Aluminium processors based in Gongyi of Henan in China is experiencing another round of environmental protection checks. Shanghai Metals market learnt that the central inspection team will be there at the place conducting the inspections from July 5-10. Gongyi, a hub of China’s major aluminium rolling plants saw a number of local aluminium wire drawing plants and triphase wire plants not having any production license closing in the wake of these government initiated inspections. However, the impact of these environmental protection checks on wire and cable industry is thought to be a limited one due to the limited aluminium wire drawing capacity in the region, SMM observed. Alarmed by the Chinese government’s recent initiatives to clamp down illegal and pollution causing manufacturing...
Russia-India trade relations achieved some great milestones following St. Petersburg International Economic Forum (SPIEF) held on June 1-3, in accordance with the decision of the President of the Russian Federation. In an interview with The Economic Times, Russian Industry and Trade Minister Denis Manturov said that Russia is inviting Indian investors to participate in Eastern Siberia’s “Aluminium Valley” project. This year, India was a partner-country of SPIEF and Prime Minister Narendra Modi was invited as the honoured guest for the plenary session. In June 1st Modi-Putin Summit, the two leaders laid down an important roadmap for lifting bilateral economic partnership across areas, never considered in the past. The challenge, however, would be to translate this roadmap into action so...
The HUAFON ALUMINIUM COOPERATION based in Chongqing and part of the HUAFON group took the strategic decision to expand its production due to its success in the production of a wide range of flat rolled products particularly for household and building technology and for the automotive, packaging, transport and electronic industry. For this purpose a new production site is established in Chongqing, Sichuan province, Central China. One of the first investments are two Achenbach OPTIMILL® Foil Rolling Mills : one Roughing Foil Rolling Mill and one Finishing Foil Rolling Mill; the worldwide reknown Achenbach technology together with short delivery times were convincing. Central part of an Achenbach OPTIMILL® Foil rolling mill Also with regard to the necessary slitting machines and as...
Linamar Corporation, Canada's second largest engineering and automobile parts manufacturer has filed conditional offers to acquire assets of French companies, Societe Aveyronnaise de Metallurgie (SAM) and FVM Technologies (FVM) whose estates have filed for bankruptcy. Additionally they have filed for acquisition of 100% shares of Alfisa Technologies (Alfisa) a Spanish company for about EUR6m. SAM, FVM and Alfisa are subsidiaries of a French company Groupe Arche. They specialize in the design, casting, and machining of high pressure die cast (HPDC) aluminium components for the automotive industry, with an output of 1,400 to 2,000 metric tonnes. The total revenue of these three companies stands within the range of EUR100m with open casting capacity and floor space. If the deal is...
Government and industry initiatives put spotlight on lighter weight auto and consumer materials 2017 marks a key year for aluminium, with China’s 13 th Five-Year Plan putting the emphasis on the development of light-weight vehicles and the implementation of policies to encourage the auto industry to deliver greater energy efficiency and low emissions. With lighter manufacturing becoming the new global norm, the aluminium industry Is gearing up to seize new opportunities and next month’s Aluminium China 2017 in Shanghai from 19-21 July, will put the spotlight on light-weight trends and deep processing that will drive new growth. The event will feature over 500 exhibitors from China and around the world and will attract some 20,000 trade visitors from more than 40 countries. Reflecting this...
The Russian Federation is witnessing a rise in demand of its country-generated non-oil commodities in the international market. Among the key commodities finding global buyers are aluminium, aluminium alloys and semi-finished products. As per the recent data, the growth of non-oil exports of the Russian Federation accounts for 14 per cent vis-à-vis a decline in exports in the previous year at 7.3 per cent. Referring to the growth, Russian Deputy Prime Minister Arkady Dvorkovich said that there lies significant scope for the country in the European market. Dvorkovich was making a presentation on Russia’s investment potential Rome. In an earlier report, the Russian Export Center had reported that non-oil and non-energy exports of the country decreased by 7.3 per cent in 2016 from the...
According to the latest report from Aluminium Association, aluminium net shipments (including exports) by U.S. and Canadian producers stood at an estimated 2,091 million pounds during May, up 4.5% over the May 2016 total of 2,000 million pounds. Shipments of aluminium mill products increased 6% YoY to 1,399 million pounds, while shipments of aluminium ingot for castings, exports and destructive uses were up 1.6% YoY to 691 million pounds. Estimated shipments of Aluminum forgings and impacts by U.S. and Canadian producers stood at 29.3 million pounds during May 2017, an increase of 10.4% over the May 2016 revised total of 26.5 million pounds. Compared to April, shipments were off 4.4% from 30.6 million pounds. YTD shipments through May 2017 totaled 150.7 million pounds, up 16.0% over the...
China’s export of light gauge aluminium foils are falling because of anti-dumping duty imposed by India and anti-dumping investigation by the US. The anti- dumping measures on aluminium foils affected the overseas export orders in China. Recently, aluminium processors told SMM that the measures against China have started affecting their export orders. Aluminium foil in Shandong province has been affected for the first time in recent years. The number of cases involved with anti-dumping and anti-subsidy investigations into aluminium foil from Shandong totalled $140 million during the first five months of 2017. {newsStudioGallery} Zhejiang Zhongjin Aluminum, manufacturer and exporter of aluminium household foil, is expecting a fall in its exports over 40 per cent in July. Luoyang Longding...
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 4.5 million tonnes through May 2017, up 3.0 % over the same period in 2016. Demand for semi-fabricated (mill) products stood at 3.2 million tonnes, up 4.0 %. Apparent consumption (demand minus exports) in domestic markets totaled an estimated 4 million tonnes, up 4.1 % YoY. Exports of aluminium ingot and mill products from the U.S. and Canada (excluding cross-border trade) stood at 478 thousand tons through April, down 6.1 % from last year, while imports were up 30.0 % to 1.5 million tonnes. Apparent consumption in domestic U.S. and Canada markets increased 1.6% YoY to 2,002 million pounds. Through the first...
India's biggest tax reform Goods and Services Tax (GST) began to roll out from Friday midnight, June 30. A number of products rate started affecting after the implementation of GST. Some of the products become cheaper while some becomes costlier with the new tax regime. Aluminium foils become cheaper under the GST regime. GST is a consumption based tax levied on sale, manufacture and consumption on goods & services. The tax replaces all indirect tax levied by state and central government. The GST Council has fixed the GST rate of 18 per cent on aluminium foils. Earlier GST rate of 28 per cent was approved by the GST Council. It was reduced to 18 per cent after the revision of tax rate. The GST rate for aluminium wires, ingots and rods attracts 18 per cent. The GST rate for aluminium...
The global aluminium die casting machinery market is projected to grow at a CAGR of 7 per cent during the period 2016-2020. The aluminium die casting machinery is used to produce cast aluminium parts for applications in various end-user sectors which include automotive, aerospace and defence, marine, and many more. The high pressure die casting segment was dominated the aluminium die casting machinery market in 2015. The segment accounted for about 70 per cent of the total market share. Aluminium is the most widely used die casting alloy and finds place in every type of application because of mechanical properties. The aluminium castings are lightweight and can withstand the highest operating temperatures among all die cast alloys. A rise in preference for light-weight automobiles is...
LB Aluminium Bhd, the largest supplier of aluminium extrusion in Malaysia, announced its net profit and revenue for the fourth quarter ended April 30, 2017 (4QFY17). The company also reported net profit and revenue for the full year . The company’s fourth quarter net profit stood at RM1.38 million as compared to RM5.86 million a year ago. The net profit dropped by 76 per cent “due mainly to under provision of deferred taxation in the previous financial year”. LB Aluminium’s revenue for the quarter ended April 30, 2017 increased by 14.1 per cent to RM124.54 million as compared to RM109.16 million for the preceding year corresponding quarter due mainly to higher business volume as well as higher average selling prices, the company said. The company's full year net profit increased to...
The prices of two major aluminium alloy varieties in China fell on Friday, June 30, after yesterday’s rise due to slack demand in the end user markets. The average prices of aluminium alloy (A380) and aluminium alloy (A356) currently stand at RMB 15,400 and RMB 14,400 per tonne respectively. The average price of aluminium alloy (A380) has registered a gradual fall from RMB 15,750 per tonne on May 31 to RMB 15,400 per tonne presently. The price slide of 2.22 per cent can be explained in terms of temporary demand drop in the domestic end user markets. The aluminium alloy commodity had briefly gained on June 29 as it rose to RMB 15,500 per tonne, up 0.32 per cent from its previous close at RMB 15,450 per tonne. It lost the gains by 0.65 per cent to settle at around RMB 15,300-15,500 per...
SAF (Southern Aluminum Finishing Co.) announces the opening of a new SAF Midwest Branch on August 1, 2017 at 5302 W. 78th Street, Indianapolis, IN 46268. The 40,000 sq ft SAF Indianapolis facility is equipped to sell aluminum sheet, extrusions, and architectural metal fabrication services such as cutting, bending, welding and assembly. The operation will augment SAF’s facilities nation-wide to further improve customer service. Faster order turnarounds are especially important to commercial building construction customers, including glazing contractors, subcontractors, architects, design/build contractors, owners, and manufacturers. SAF boasts next business day order fulfillment for mill finish, anodized and cut-to-length extrusions, along with mill finished and pre-finished aluminum...
ALMIN Metal Industries Limited of Zimbabwe recently announced the opening of a distribution unit at the erstwhile Radiator and Tinning premises in Bulawayo’s Belmont. The company said it also has plans to set up a manufacturing plant in the city. ALMIN Metal opened the new sales unit in Bulawayo last week to cater to the market outside Harare where it is based right now. Company general manager southern region Mario Calaca said, “…so far the response has been good. We want to penetrate the Southern region market and planning to set up other shops in areas like Masvino and Kwekwe.” ALMIN Metal is a vertically integrated aluminium processing plant comprising a fully equipped extrusion plant and metal finishing operations such as anodizing, powder coating, and advanced fabrication. It also...
Japan is one of the biggest aluminium consumers in Asia. The country’s aluminium flat rolled production is on upward trend. The total FRP production in the country was estimated at 1,249.9 thousand tonnes last year. In January 2017, the production reached 91.8 thousand tonnes, rising 2.5 per cent from 89.6 thousand tonnes in the same period previous year. Japan’s export of aluminium plates, sheets and strips is also forecasted to be increased in Q2 2017-18. {newsStudioGallery} According to the data released by the Japan Aluminium Association, the shipments of rolled aluminium products to domestic and overseas markets rose 3 per cent from a year ago to 174,890 tonnes in May, marking third consecutive month of year-on-year growth. As shown by our data, Japan exported 68417 tonnes of...
On June 22, the Aluminum Extruders Council (AEC) testified at the public hearing of the Section 232 Investigation on the Effects of Imports of Aluminum on U.S. National Security. For decades aluminum extrusions have been used in military applications ranging from plated material designed to protect American soldiers from IEDs to key components in the next generation of warplanes. Furthermore, nearly 40% of all extrusions consumed in the U.S. go into applications identified by Homeland Security as critical infrastructure. In 2010, the Aluminum Extruders Fair Trade Committee on behalf of the U.S. aluminum extrusion industry successfully filed for protection from the unfair and illegal trade practices of China. Those orders, finalized in April 2011, have brought much-needed relief to the...
The Indonesian government has proposed to extend the safeguard duty on aluminium-zinc coated steel sheet for a further three years, which was set to expire this year. The government apprised the World Trade Organization (WTO) about the extension plan with different tax rates each year, cnmn.com reported. The tax rate is $245 per tonne in the first year, $185 per tonne in the second year, and $126 per tonne in the third year. The related products are aluminium-zinc coated steel sheet with width above 600mm and thickness below 0.7mm, according to a report published by Shanghai Metals Market. In January this year, the Indonesian government was considering to extend the safeguard duty on aluminium-zinc-coated flat steel imports. In 2014, the country’s financed ministry announced that the...
