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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Hind Aluminium Industries, manufacturer of aluminium alloy and electrical grade wire rods, reported a 55.23 per cent decline in its standalone net profit to INR 0.77 crore in the quarter ended March 2017 as compared to INR 1.72 crore during the previous quarter ended March 2016. The company’s sales fell 32.56 per cent to INR 138.47 crore in the quarter ended March 2017 as compared to INR 205.33 crore during the previous quarter ended March 2016. For the full year , the company’s net profit declined 28.30 per cent to INR 6.46 crore in the year ended March 2017 as compared to INR 9.01 crore during the previous year ended March 2016. Hind Aluminium Industries sales declined 30.84 per cent to INR 496.86 crore in the year ended March 2017 as compared to INR 718.38 crore during the previous...
Aluminium is passed through hot and cold rollers to make it thinner and longer in the direction of the roller. In this rolling process, the aluminium slab is either cold rolled or may be heat-treated to increase its strength and rapidly cooled to room temperature with further processing. They are aged naturally or artificially aged in a furnace. Finally, the plate is trimmed to final size. Plates produced in this manner may be used at full thickness, but are often machined into a variety of simple to complex shapes like plates, sheets strips and foil. Sheet, the most widely used in various industrial aluminium applications like aerospace body construction, transportation for automotive body sheet, packaging for can bodies and ends and in construction for building facades. As a standard,...
Germany is the major aluminium market in Europe and is home to the world’s largest automakers. The country contributes 25% of total aluminium consumption in Europe. German aluminium producers and processors produce about 560,000 tonnes of aluminium. It comprises of about 260,000 tonnes of primary aluminium and 300,000 tonnes of recycled aluminium. The aluminium rolling mills account for the largest share of aluminium semis production and the largest customers for rolled aluminium semis are the automotive industry along with packaging and industrial applications. We are analysing the export pattern for aluminium plates, sheets and strips by Germany in order to see the market trends. According to the recent estimate, in 2015, Germany exported 1.47 million tonnes of aluminium plates, sheets...
Hindalco Industries Ltd. has an intention to invest $773 million in the next five years in order to increase its capacity to manufacture processed products such as aluminium panels. The reason behind the intention is the country’s plan to boost investments in building infrastructure. According to Managing Director Satish Pai, the company is looking for any distressed rolling mills or extrusion presses for sale in India for expanding annual production of value-added products about 66 percent to 800,000 tons. The company will be focusing on the downstream products and the automotive sector due to overcapacity in domestic primary aluminium markets. Pai said, “If we want to take advantage of the Modi plan, we need to have downstream products.” This means “more cables, conductors, housing...
India’s leading aluminium producer Hindalco Industries Ltd is planning for setting up high-end alloy plate manufacturing plant for defence sector in India. The project will require an investment of INR 2,000 crore. The company is in discussions with the government whether they can start the project as a public-private partnership (PPP). Managing Director Satish Pai said, “We are talking to the Ministry of Defence for setting up more high-end alloy plate manufacturing in India... We are hoping for a pick-up in the defence sector.” “The end product is one thing, but it needs lots of very high-end aluminium to begin with. We really want support from the government to get that done. In defence sector, orders are never smooth; they come and go that’s why we need public private partnership for...
Metals start-up Runaya signed two joint venture (JV) agreements worth $75 million with Russia’s UC Rusal and Bahrain’s Taha International Corporation (TIC) for the production of high technology aluminium paste and powder and sustainable solutions to the Indian aluminium industry. Runaya Metsource LLP (RML) said in a statement, “Runaya, one of the fastest growing manufacturing start- up in the metals space, has signed two joint venture agreements with leading global companies for providing sustainable and high-end solutions to the Indian aluminium industry.” “Aligned with the Government of India’s ‘Make in India’ mission, both the JVs will be set up entailing investments worth $75 million.” RML inked a JV with Russia’s UC Rusal on equal terms to establish aluminium pastes and powders...
Aluminium products manufacturer Alcomet from Bulgaria announced its consolidated results for the first quarter of 2017 on Monday May 29. Image: Alcomet Consolidated net profit for Q1 2017 dropped to 4.7 million levs ($2.7 million/2.4 million euro) in Q1 2017, from 7.5 million levs (3.8 million euro) during the same period of 2016. However, the company’s sales revenue increased to 88.8 million levs (45.3 million euro) in Q1 2017, from 79.9 million levs (40.7 euro) for Q1 2016. The value of total products sales volume, however, rose to 79.1 million levs in the first quarter of 2017, from 67.2 million levs in the same period of 2016. Alcomet shares closed 2.22% higher at 18.4 levs on Monday, in a trading volume of 25 units on the Bulgarian Stock Exchange.
Gulf region is the fasted growing aluminium producer and exporter in Asia after China. The volume of aluminium production in the GCC countries stood at 5.2 million tonnes in 2015, accounting for around 10 per cent of total global output of 58 million tonnes. After oil and natural gas, now aluminium is one of the key economic drivers for the Gulf region. United Arab Emirates is the top aluminium producer in GCC also the global leader in export of aluminium alloys. The country has doubled its export capabilities in the last 5 years. The country has also been focusing on value added products and is a major producer of bar rod and profile. {newsStudioGallery} Aluminium rod and bar is produced by several different processes namely extrusion, rolling and coiling, or drawn directly from molten...
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 6,798 million pounds for Q1 2017, up 3.3percent over the same period of 2016. Demand for semi-fabricated products stood at 4,730 million pounds, up 3.9% YoY. Apparent consumption (demand less exports) in domestic markets for Q1 2017 stood at an estimated 6,098 million pounds, up 4.8% YoY. Exports of aluminium ingot and mill products from the U.S. and Canada totalled 700 million pounds through March, down 8.1% from last year, while imports were up 37.4% to 2,315 million pounds. Imports of ingot, scrap and mill products into the U.S. and Canada stood at 898 million pounds in March 2017, up 26.9% YoY. Through...
The week gone by is marked by a few quarterly results, project announcements, product announcement etc. There are some positive developments in production, shipment and revenue. Automotive sector continues to drive the aluminium market, making the downstream producers focus on the expansion of automotive lines. Europe reported improved aluminium foil delivery and Manaksia Aluminium reported increase in net profit. Logan Aluminium saw new investment for automotive expansion. Here are a few headlines from the top news stories of the week: EAFA reports improved alufoil deliveries in Q1 2017 driven by strong domestic demand According to the latest figures released by the European Aluminium Foil Association (EAFA), European markets started 2017 with strong demand for all grades of aluminium...
Tri-Arrows Aluminum Inc., a supplier of rolled aluminum sheet for beverage cans and automotive uses, will invest $125 million to build a cold rolling mill at Logan Aluminum Inc. in Kentucky which is expected to create 60 jobs in the western part of The Blue Grass State. The project aims to cater to the rising customer demand in both the industries. The new rolling mill will supplement an existing cold rolling operation at Logan Aluminum and expand both beverage can stock production capacity and thicker, higher-alloy rolled sheet for use in automotive body and structural panels. The company expects the construction to finish by early 2019 and the production of the first coils is expected to begin in spring. The project is a part of the second phase of an ongoing expansion project at Logan...
The Netherlands is one of the twenty largest economies in the world. Netherland is one of the largest producers of aluminium downstream products. As one of the world's fastest growing exporters of industrial products, the Dutch country exports a substantial amount of rolling and extrusion products globally, primarily to the countries of European continent. {newsStudioGallery} Let us analyse the patterns for aluminium bar rod & profile export by the Netherlands in last two years to understand the market demand and consumption trends. The Netherlands has been following a slightly upward pattern for aluminium bar rod & profile export in last two years. In the year 2015, exports of aluminium bar rod & profile stood at about 123698 tonnes. The volume increased to 126764 tonnes in 2016. For...
Jacquet Weston Engineering Ltd (JWE), the leading manufacturer of Metal Finishing Process Plants and supplier to the aluminium treatment and aerospace industries and other sectors, has manufactured an aluminium anodising line for GSM Graphic Arts Ltd. GSM Graphic Arts is one of Europe’s largest manufacturers of high quality labelling products. The company manufactures anodised aluminium labels, nameplates and panels for nearly 40 years. Peter Young, Site Manager at GSM, said, “Anodising has long been one of the key processes we offer, but increased demand prompted us to commission new equipment that could underline the quality of our products in a more efficient way.” “The new line provides not only a faster rate of throughput, but also better process control, enhanced monitoring and...
China’s aluminium alloy ingot export grew 3.37 per cent to reach 45,117 tonnes in April 2017. According to the import-export data released by China’s General administration of Customs, the cumulative export volume of aluminium alloy ingots from the country stood during January-April period stood at 162,104 tonnes. The increase is in contrast with the two-yearly aluminium alloy export trend that has been declining since 2015. {newsStudioGallery} In 2016, China exported 508,387 tonnes of aluminium alloy compared to 544,266 tonnes in 2015. In the first quarter of 2017 (i.e. April to June) the country is estimated to export 132,536 tonnes. Earnings from aluminium alloy export have grown on a yearly basis, as per international trade statistics. Revenues totalled US$1.17 billion in 2016, up...
According to the latest figures released by the European Aluminium Foil Association (EAFA), European markets started 2017 with strong demand for all grades of aluminium foil. Production increased 1.5% YoY to 226,900 tonnes in Q1 2017. Exports registered a downturn in Q1 in comparison to Q1 2016, after a strong end of 2016. Deliveries of thicker foils as well as thinner gauges were up 0.7% and 1.5% respectively indicating a steady recovery in the economies of the EAFA region. Total YTD domestic shipments were up by 3.6% through March 2017. Thicker foils are used for semi-rigid containers and technical applications and thinner gauges are for flexible packaging and household foils. EAFA’s Executive Director, Guido Aufdemkamp sounds positive on the prospects for the rest of 2017. “Certain...
One of the leading Indian aluminium sheets and coils manufacturers, Manaksia Aluminium Company, reported a rise in sales by 11.79 per cent to INR 63.24 crore for the quarter ended March 31, 2017. The quarterly net profit of the downstream aluminium products company jumped to INR 0.70 crore from a net loss of INR 3.04 crore in the corresponding quarter ended March 2016. Sales surged 11.79 per cent INR 63.24 crore in fourth quarter of the last financial year as against INR 56.57 crore during the previous quarter ended March 2016. For the full year ended March 31, 2017, Manaksia Aluminium's net loss was reported down at INR 4.62 crore as against net loss of INR 5.04 crore during the same period previous year. Sales declined 10.22 per cent to stand at INR 238.39 crore in the year ended March...
According to the latest Aluminum Association report, shipments of Aluminium Powder and Paste to domestic markets by domestic producers, including imports by domestic producers stood at 7.08 million pounds during April 2017, an increase of 57% YOY. On a month on month comparison, shipments rose 3.9% over the March 2017 total of 6.82 million pounds. YTD shipments through April 2017 stood at 25.94 million pounds, up 12.7% over the 2016 YTD total of 23.02 million pounds. Compared to April 2016, shipments of aluminium powder to domestic markets increased 80.5% to 6.17 million pounds, while shipments of paste were off 16.6% to 0.92 million pounds. Estimated shipments of Aluminium Forgings and Impacts by U.S. and Canadian producers stood at 31.2 million pounds during April 2017, an increase of...
Distributor of Xlite and Xlite+ forged aluminium wheels, Motor Wheel Service Distribution (MWSD) has rebranded as MWheels. The move positions the distributor’s European operations under one banner, having established a German company with the MWheels name at the beginning of the year. The new name is in full effect from Monday 22 May 2017, with the name and logo immediately visible on its reworked website, marketing literature and communications. The new corporate identity will be introduced across all product packaging over the coming months. The logo will also replace the Chevron as MWheels’ quality stamp on its steel, Xlite and Xbrite+ forged aluminium wheels. MWSD was established in 1987 and has become one of Europe’s leading independent distributors of commercial vehicle wheels....
