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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The wire and cable industry, the silent yet one of the most crucial infrastructural pillars of the Indian economy, has come a long way from being a small industry to one of the most fiercely growing industry, over the past one decade. Boosted by momentum in the country’s power and infrastructure segment, the wire and cable industry has been growing at 15 per cent rate annually. According to a recent survey by Net Scribes, the industry is poised to cross the INR 57,000-crore benchmark by 2018. Aluminium wire being one of the mainstays of today’s power infrastructure is slated to draw significant traction from this buoyancy. {newsStudioGallery} India’s aluminium wire import is on the decline. International trade data spanning last two years shows that India imported 21962 tonnes of...
Since the makers of electrical components are switching to aluminium wire over other materials, aluminium is expected to replace 30 per cent to 40 percent of copper wire in the coming years. According to a latest market report, the aluminium wire rods market in Europe is anticipated to grow at a CAGR of 1.4% during the years 2017-2021. Molten aluminium is being unceasingly cast to form aluminium wire. Today, it is most preferred materials due to its weight ratio over copper. It is widely used in applications in cables and conductors. It offers an excellent blend of high electrical conductivity, lightweight, and resistance to corrosion. Here’s a list of top five aluminium wire rod manufacturers in Europe. Note: the following list is based on the latest market report available through open...
International business leaders, engineering experts and academics from the automotive industry and complete aluminium value chain will be converging in Shanghai in July for Aluminium China 2017, to share the latest developments in lightweight automotive design and manufacturing. Aluminium is increasingly seen as playing a key role in minimising overall weight while ensuring strength and safety for a new generation of lightweight vehicles. And the global auto industry has a lot to gain, including the enhancement of power, reduction in fuel consumption and the mitigation of air pollution to strengthen energy efficiency and improve environmental protection. Statistics show that the aluminum-made vehicle body can reduce the overall vehicle weight by 10-15%. This year’s Aluminium China 2017,...
Japan’s Kobe Steel, Ltd. today announced that Kobelco Automotive Aluminum Rolled Products (China) Co., Ltd. has opened a plant in Tianjin, China for the production of automotive aluminium panel material. The company produces and sells automotive aluminium panel material. Kobelco Automotive Aluminium Rolled Products (China) is the first production base for aluminium panel material in China. It has a production capacity of 100,000 tons per annum. Kobe Steel explained: “China is the world’s largest automobile market. Current production of approximately 28 million cars is anticipated to grow to about 33 million vehicles in 2025. Due to environmental issues, automotive emission regulations and fuel efficiency standards are expected to become stricter, and the need to reduce the weight of car...
A UK-based producer of metal powders for 3D printing and other manufacturing technology, Metalysis, has announced a partnership for making aluminium-scandium alloys. When combined with aluminium, the metallic element gains benefits like high strength to weight ratio that makes it suitable for aerospace and automotive applications. The world produces around 10 tonnes of scandium per year while the demand for the metal is about 50% higher than that making it a very expensive material. Through this partnership, Metalysis aims to “aid in resolving cost constraints encountered in manufacturing aluminium-scandium alloys” through its patented Fray, Farthing, Chen (FFC) technique. The opening of Metalysis’s specialist Materials Discovery Center revealed about its powdered metal processes to the...
Mechatherm International, a global provider of furnaces and casthouse equipment for the aluminium industrial sectors, has bagged a multi-million pound contract for the supply of melting and holding furnaces to the one of the biggest aluminium producers in the world. The funding for the project is being provided by UK Export Finance and Barclays. Andrew Riley, chairman of Mechatherm International, said: “We are delighted to be awarded this order which is testimony to the expertise and hard work of our staff and enables us to compete with some of the larger companies in the market place.” "The support from UK Export Finance and Barclays has made this possible and we are delighted they have confidence in the company’s management team and financial status to deliver this order.” Lee Clarke,...
Midas Holdings subsidiary Jilin Midas Aluminium Industries has secured 13 PRC and international supply contracts. The new contracts are for the projects in Canada, the United States, Saudi Arabia, Italy, Holland, Germany and China. The combined value of these contracts is around RMB520.9 million. The 13 contracts are slated for delivery progressively between 2017 and 2019. They are likely to contribute positively to the Group's financial performance between the financial years of 2017 and 2019. Mr. Patrick Chew, executive director and chief executive officer of Midas, said, "We are delighted with our latest contract wins for both PRC and international projects. Besides contracts from entities related to our major customer CRRC Corporation Limited, Jilin Midas also secured several...
Constellium N.V. announced the signing of a multi-year contract with Robert Bosch to supply Anti-lock Braking System (ABS) profiles for the automotive industry on Wednesday May 17. This agreement reinforces the partnership Constellium’s Decin plant, based in the Czech Republic, has had with Robert Bosch since 2009. Under this new contract, Constellium will continue to provide its innovative customized aluminium alloys for tailored solutions to meet rigorous quality and delivery requirements. With a ramping up volume of several million pieces per year in 2016, additional long-term solutions will be supplied to several Bosch plants worldwide with an expected overall volume per year targeted to double, subject to auto market demand and ramp-up of future ABS solutions. “The contract awarded...
To protect domestic aluminium manufacturers from below-cost imports and to ensure fair trade practices, India’s Finance Ministry has imposed a definitive anti-dumping duty of up to USD 1.63 per kg on imports of aluminium foil from China. The revenue department has imposed an antidumping duty in the range of USD 0.69 per kg to USD 1.63 per kg as recommended by the Designated Authority in the Commerce Ministry. Hindalco Industries, Raviraj Foils, and Jindal India had registered an application for initiating anti-dumping investigations on imports of aluminium foil from China. In March this year, Indian government was considering the possibility of imposing anti-dumping duty on imports of aluminium foil in order to protect domestic manufacturers from cheap imports from China.
Taweelah Aluminium Extrusion Company LLC (TALEX), the Middle East’s most advanced aluminium extrusion plant, is in discussions with regional and international banks for a working capital facility, Stylianos Tsoktouridis, general manager of TALEX, told to Reuters. According to the source familiar with the matter, the loan is estimated to be around $150 million. With this loan, TALEX expects to replace a bridge financing which the company raised in 2014. The 2014 loan is expected to be matured this summer. Abu Dhabi- and Dubai-based lenders are likely to support theloan. TALEX, a greenfield project, which started operating in February 2016, has a production capacity of 50,000 tonnes of aluminium extrusion. It is located in Abu Dhabi’s Khalifa Industrial Zone. TALEX is a joint venture...
India has a great potential of producing downstream aluminium products due to aluminium companies with their downstream operations. The top producer of aluminium downstream products in India includes Hindalco Industries, Jindal Aluminium and many more. {newsStudioGallery} Currently, Indian government is considering taking measures on imposing anti-dumping duties or minimum import price to combat rising imports of downstream aluminium products in India. The measure is to protect the interests of domestic aluminium industry. India imported 157622 tonnes of aluminium plates, sheets and strips in 2015. In 2016, the country imported 128135 tonnes. The country is estimated to import 133142 tonnes of aluminium plates, sheets and strips in 2017. Value-wise, India's total aluminium plates, sheets...
Midas Holdings Limited, the leading manufacturer of aluminium alloy extrusion products for the passenger rail transportation sector in the People’s Republic of China, announced results for the three months ended March 31, 2017. The company's net profit after tax jumped 187.6 per cent to RMB28.7 million compared to RMB10.0 million for the first quarter of 2017. “This was mainly due to higher revenue, higher other income due to unrealised foreign exchange gain and higher share of profits from its associated company, CRRC Nanjing Puzhen Rail Transport Co., Ltd.,” according to the company. Midas’ revenue rose to 31.3 per cent to RMB398.4 million compared to RMB303.5 million for the first quarter of 2017. The company said the increase was due to the inclusion of revenue of RMB76.6 million from...
The Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) has identified land sought by Mishra Dhatu Nigam Limited (Midhani) for its proposed aluminium alloy plant. The district administration has considered a strectch of land at Bodduvaripalem in Kodavalur mandal in the district of Nellore. The Hyderabad based specialized metals and metal alloys manufacturer had approached AP government for suitable land in the state to establish a high-end aluminium alloy plant. Reports have it that the proposed unit, if becomes a reality, will be the first defence manufacturing facility outside Hyderabad. Midhani is forming a joint venture with the Navaratna PSU National Aluminium Company (Nalco) to build the plant that will produce high-end aluminium products, otherwise imported. The...
Constellium N.V. announced today the grand opening of its new plant in White, Georgia, dedicated to the production of advanced aluminium automotive structural components and crash management systems. The 135,000 sq. ft. facility is strategically located to supply automakers in the Southeast U.S. and may be expanded to 220,000 sq. ft. to meet customers’ supply needs in the future. Constellium expects to have 150 employees in White, Georgia, by 2019. “I am very pleased to be in Georgia today to celebrate the opening of this new plant, its state-of-the art manufacturing capability and world-class team that is committed to work in partnership with our automotive customers,” said Paul Warton, President of Constellium’s Automotive Structures & Industry business unit. “Being closer to our...
Novelis Inc., the world leader in aluminum rolling and recycling, today reported record results for Q4 2017 recording significant YoY increases in Adjusted EBITDA, net income, free cash flow and automotive sheet shipments. For Q4 2017, Net income increased 46% to $73 million. Excluding special items net income stood at $47 million. Adjusted EBITDA excluding metal price lag was up 5% to $292 million. The results were driven by 26% increase in automotive shipments. Net sales increased 9% to $2.6 billion for Q4 2017, driven by higher aluminum prices and increased automotive shipments and shipments of high value products. Total rolled aluminum products shipments were flat YoY at 789 kilotonnes. Positive factors like higher automotive sheet shipments, operating efficiencies, lower metal cost,...
Showa Denko KK (SDK) announced that they have planned to increase the output of high-purity aluminium foil in China. High-purity aluminium foil is one of the foremost materials of aluminium electrolytic capacitors, it said on Wednesday. The reason behind the move is to supply high-purity aluminium foil to the growing market of aluminium electrolytic capacitor worldwide. SDK will increase Showa Denko Aluminum (Nantong) Co., Ltd.’s monthly production capacity from 600 tons to 800 tons. The company is expected to begin the operation in November 2017. Showa Denko Aluminum (Nantong) Co., Ltd. (SDAN), a consolidated subsidiary of SDK, carries out final processing of rolled aluminium foil supplied from SDK’s Sakai Plant. The company sells high-purity aluminium foil to customers in China. Showa...
Ghana’s Trade and Industry Minister Alan John Kwadwo Kyerematen said during the National Single Window Conference yesterday that the government is planning to diversify the economy towards bauxite and aluminium industry. This would lead to the starting of a new vehicle assembly and automotive industry in the country. Alan John Kwadwo Kyerematen commented: “Apart from the one district one factory initiative, we are also embarking on what we call Strategic Anchor Industries.” “So hopefully, within the next 5 years, we will be diversifying our economy away from cocoa and gold and we will be looking at the Petrochemical industry and integrated iron and steel industry, aluminium and Bauxite industry which then leads us on to a new vehicle assembly and automotive industry.” He added: “We are...
Novelis Inc., the world leader in aluminium rolling and recycling, announced today that it has entered into a joint venture agreement with Kobe Steel, Ltd., a producer of aluminium rolled products in Japan. The joint venture, to be named Ulsan Aluminium, Ltd., will be formed by Novelis, selling Kobe Steel 50% of its ownership interest in its Ulsan, South Korea facility for US $315 million. Through the venture, Novelis and Kobe Steel will jointly own and operate the Ulsan facility, with each company remaining responsible for its metal supply and commercial relationships. The joint venture transaction is expected to close in September 2017, subject to customary closing conditions. By entering into this joint venture, Novelis will better utilize its rolling capacity at Ulsan, which will...
