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...
Grow with
AL Circle
India will see maximum people flying with commercial air carriers in 2017 surpassing the biggest ones till now including UK, Germany, Japan and Indonesia, International Air Transport Association (IATA) data shows. This will provide the much needed traction to the annual delivery of commercial aircrafts in the country propelling the domestic aluminium alloys market eventually. Globally too, aluminium alloys market is looking up. According to IATA, number of flyers witnessed a steep increase from less than 3 billion in 2011 to more than 3.7 billion in 2016. This number is forecasted double over the next two decades. In 2016, U.S., China, and UK accounted for majority of the total with more than 1 billion flyers. Aluminium alloys market is dependent primarily on the availability of aluminium...
Danieli, supplier of equipment and plants to the metal industry in the world, has bagged a contract from ALRO SA for the supply of a new aluminium plate stretcher and major cold rolling mill modernization. The new plate stretcher and cold rolling mill are for ALRO’s facility located Slatina, Romania. Alro SA is the largest aluminium producers in Central and Eastern Europe excluding CIS. The company is part of the seven largest aluminium producer worldwide, Vimetco NV. The plant start-up is planned for the second quarter of 2018. The new 18MN aluminium plate stretcher will process thin aluminium plates of alloys series 1xxx to 7xxx which is being used in aerospace, marine, defence and commercial transportation applications. The modernization will allow company’s second cold rolling mill to...
Hydro has inaugurated its new state-of-the-art automotive line for light and advanced aluminium solutions in cars in Grevenbroich, Germany. German Chancellor Angela Merkel and Norwegian Prime Minister Erna Solberg were present during the inauguration of the facility. Hydro has invested EUR 130 million in the plant, which will produce 150,000 ton of aluminium parts per year for the automotive industry. The new automotive facility would increase company’s annual production of car body sheet from 50,000 tonnes to 20, 0000 tonnes. The company supplies around one million tonnes of aluminium to the automotive industry per annum. Hydro President & CEO Svein Richard Brandtzæg said: “This is where our light, strong, corrosion-resistant and infinitely recyclable aluminium really comes to life: To...
Arconic Inc. today announced the completion on May 4, 2017 of the exchange of its remaining 12,958,767 shares of common stock of Alcoa Corporation for $428,635,000 aggregate principal amount of Arconic debt held by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC. The debt-for-equity exchange is intended to qualify as generally tax-free to Arconic for U.S. federal income tax purposes. The completion of the debt-for-equity exchange marks Arconic’s exit of its ownership stake in Alcoa. Arconic also today purchased with cash the remainder of the debt held by Citigroup and Credit Suisse: $1,961,000 in aggregate principal amount of Arconic’s 6.500% Senior Notes due 2018 and $79,517,000 in aggregate principal amount of its 6.750% Senior Notes due 2018. Taken together,...
Aluminium powder is a granular powder which is obtained from pure molten aluminium metal. Aluminium paste is produced from aluminium powder or milled flake powder through the wet ball milling process. Aluminium flakes comes from aluminium powder through dry ball milling process. It is irregular in shape under microscopic examination. Aluminium powders, pastes, and flakes are widely used in industrial, automotive, chemical, construction, explosives, defence and aerospace and other sectors. Photovoltaic and electronic applications are the major consumer of aluminium pastes According to the Technavio's report, the global aluminium powders, pastes, and flakes market to grow at a CAGR of 4.87% during the period 2016-2020. The article covers top five aluminium powders, pastes and flakes...
The week gone by has been marked by production updates, mergers, corporate decisions and quarterly result release by a few major companies from the aluminium downstream sector. The market is more or less in a balanced position; the quarterly results indicate a bullish trend and companies are ready to take risk with mergers and acquisitions, supply contracts, product expansions and management changes. Here are a few top headlines from the week. Eric Roegner named President of Arconic Global Rolled Products Arconic announced that the company has named Eric Roegner, Chief Operating Officer of Investment Castings, Arconic Titanium and Engineered Products and President of Arconic Defense, as the President of Arconic Global Rolled Products (GRP), effective immediately. Aleris reports 16% EBITDA...
Due to its versatility and multiple uses, aluminium foil turns out to become one of the most consumed aluminium products across the world. Since, aluminium foils are mostly used in packaging applications, developed economies are the top consumers of foil. We are analysing the last three years foil import data for Australia to understand the trading trends of this most popular aluminium product. Australia imports aluminium foil mostly to feed its domestic packaging industry. {newsStudioGallery} Australia imported 28,007 tonnes of aluminium foils in 2015, which dropped 0.1 per cent to total at 26,268 tonnes in 2016. In 2017, the volume is estimated to increase to total at 26,313 tonnes. The trend shows a flat consumption pattern for aluminium foil in Australia. Cost from import of aluminium...
Aleris Corporation reported results for the first quarter ended March 31, 2017. The company reported net loss of $35 million compared to $6 million YoY. Adjusted EBITDA of $52 million was up 16% from $45 million in Q1 2016. Net loss was affected by unfavourable change in unrealized derivative gains and losses, increase in interest expenses, start-up costs, unfavourable metal price lag etc. Adjusted EBITDA increase was driven by improved operating performance and productivity despite weaker product mix and lower volumes. The company reported a liquidity of $394 million.The majority of the capital expenditures in the quarter were for the North America ABS project at their Lewisport, Kentucky facility and related spending to upgrade critical equipment and capabilities. That project continues...
Norican Global, a leading metallic parts enhancement company (by virtue of its ownership of both DISA and Wheelabrator), announced the completion of the Light Metal Casting Solutions Group (LMCS) acquisition. On February this year, the company entered into an agreement with Auctus Fund III GmbH & Co. KG, and its fellow investors collectively referred to as "Auctus" to buy 100% of their shares in Light Metal Casting Solutions Group. Mr. Robert E. Joyce Jr., President and CEO of Norican commented, “We are very excited to welcome our new LMCS colleagues to the Norican team. Their breadth of talent, experience and passion for their business will be a great addition to the Group. This is another major milestone in the history of the Norican Group, and one that will bring tremendous value to...
India’s merchandise imports posted a double digit growth for the second month in a row, growing at 45.3 per cent year-on-year in March 2017. A buoyant domestic demand saw consumption of core goods increasing steadily, the primary drivers being oil and gold. Global analytics company Crisil suggests higher oil prices will keep import growth elevated in fiscal 2018 compared with fiscal 2017. Quarterly trade data shows India’s aluminium tubes or pipe fittings import kept growing at a moderate rate through FY 2016-17. {newsStudioGallery} Aluminium tubes or pipe fittings are widely used for various fabrication projects. They are preferred over other materials because of their unbeatable strength to weight ratio. India imported 100 tonnes of aluminium tubes or pipe fittings in the first quarter...
Chairman of Aluminium producer Hulamin Mafika Mkwanazi has positive prospects for the company’s 2017 financial year. He expects a stronger product mix, increased utilisation of scrap metal and efficiency improvements, supported by a solid manufacturing performance to benefit profits for H1 2017. According to him, benefits of a stronger global aluminium price would offset the negative effect on Hulamin’s conversion margins. Stronger rand-dollar exchange rate average recorded in the first few months of 2017 also supported that. Hulamin is seeing growth momentum across all its operations, particularly its rolled products division due to buoyant customer demand. Local packaging and engineering markets had improved since late 2016 driving demand for rolled products. "Local sales of can stock,...
Ashland Community and Technical College Kentucky will be developing two specialized course programs to train workers for the upcoming aluminum mill by Braidy Industries in South Shore, along the Ohio River. The news came after company and state officials recently announced initial details about the aluminium mill scheduled for completion in 2020. According to Braidy CEO Craig Bouchard, the programs to be developed by ACTC will offer associate degrees in material sciences and advanced manufacturing, and will “train its work force on an evergreen basis while developing a pipeline of human talent for its mill and future manufacturing businesses in Greenup County, as well as surrounding counties.”? ACTC?officials and Braidy representatives are expected to meet this summer to begin mapping out...
Lindberg/MPH announced the shipment of an aluminum central melting furnace to the die casting industry. This equipment holds 62,000 lbs. of aluminum and has a melt rate of 6,000 lbs. per hour. The furnace is loaded with aluminum ingot, and sows across a preheat hearth and returns are fed via conveyor system into an exterior side well that is interconnected to a circulation well equipped with a pump. The aluminum on the hearth receives tremendous preheat before being pushed into the bath which increases efficiency and improves safety. The melting furnace is capable of delivering molten aluminum to a transfer ladle through the use of a pneumatic well in which there are no moving parts. Air pressure is applied to the pumper by means of a blower and molten aluminum is forced up a special...
According to preliminary estimates by the Aluminum Association aluminium demand in the United States and Canada that includes shipments by domestic producers and imports stood at an estimated 2.1 million tons for the first two months of 2017, up 2.0% over the same period of 2016. Demand for semi-fabricated (mill) products totalled 1.5 million pounds, up 3.1%. Apparent consumption (demand minus exports) in domestic markets totalled an estimated 3,886 million pounds, up 3.3% year-over-year. Aluminium net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 1 million tons during March, up 4.2% over the March 2016 total of 2,105 million pounds. Shipments of aluminium mill products increased 1.8% over the previous year to 1,409 million pounds, while...
AMAG signed a multi-year contract with flexible packaging manufacturer, Constantia Flexibles on April 28 2017. The contract is for a delivery of minimum of 35,000 tonnes of aluminium coils per annum to Constantia’s Teich facility in Weinburg, Lower Austria. Teich is Constantia’s production site for packaging foils for food, pet food and pharmaceuticals. This contract is a part of expansion of AMAG’s product range, made possible by the plant investments in Ranshofen. Packaging products form roughly 16% of the overall sales of the AMAG rolling mill. "AMAG has a long-term history of a successful cooperation with our largest individual client, Constantia Flexibles. We are delighted to be able to continue on this growth trajectory together," stated Helmut Wieser, CEO of AMAG Austria Metall AG....
Arconic announced today that Eric Roegner, Chief Operating Officer of Investment Castings, Arconic Titanium and Engineered Products and President of Arconic Defense, has been named President of Arconic Global Rolled Products (GRP), effective immediately. Roegner continues as President of Arconic Defense. He succeeds Kay Meggers who is leaving Arconic effective June 2 to become a faculty member at the Gordon Ford College of Business at Western Kentucky University. “Eric is the ideal leader to deliver on our strategic plan for the Global Rolled Products segment,” said David Hess, Interim Arconic Chief Executive Officer. “He is a highly qualified internal candidate with a solid operational track record, including the successful integration of RTI International Metals (RTI), which is now the...
Kobe Aluminum Automotive Products, LLC announced company’s newest expansion project in the South Central Kentucky Industrial Park in Bowling Green. The project involves an investment of $51.3 million for the production of forged aluminium suspension products. This new expansion project will increase production capacity by the addition of two new forging presses, one heat treatment line, one etch and penetrant line, one melting furnace, one casting line and two machining lines. The construction is expected to be commenced next month. Toshihiro Katsura, KAAP President and CEO said, "This is our 12th year producing aluminium automobile suspension parts in Kentucky. Two years ago we decided to make our sixth investment, and due to the increasing necessity of lighter vehicles, we have decided...
The world’s leading aluminium extrusions product manufacturer China Zhongwang Holdings posted declines in profit and revenues during the first quarter of FY 2017. According to the company’s latest financial report, both the topline and bottomline reflected a drop from the corresponding period previous year. China Zhongwang’s revenues in Q1 2017 stood at 3.1 billion yuan, down from 3.5 billion yuan in 2016. Profit was also down at 513 million yuan in Q1 2017 from 604 million yuan last year. Total industrial aluminium extrusion sales were reported at 143,860 tonnes in the period under review. The sales value rose 5.2 per cent year-on-year to 3.33 billion yuan. China Zhongwang attributed the rise in sales volume and value to the increased production and sales of high value-added aluminium...
