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 State of Delaware based Braidy Industries has announced a US$1.3 billion investment for a new aluminium rolling mill in Greenup County, Kentucky. The fully integrated facility is expected to be the most technically advanced aluminium rolling mill in the US. Braidy’s aluminium rolling mill measuring 2.5 million square-feet will be constructed on a 300-acre stretch of land near South Shore in Greenup County. The company says it expected the construction at the site to begin in early 2018 and get completed by 2020 end. The facility has a job creation capability of around 1000 people in the region. The new aluminium rolling mill, on completion, will have a capacity of producing nearly 370,000 tonnes of aluminium rolled products per annum and will mainly cater to the automotive and...
Another region in Asia that is growing substantially in primary aluminium production recent times is the Middle East and specifically the countries under Gulf Corporation Council. Middle East producers are mostly focusing on primary aluminium production and they are the net exporters of aluminium globally. The last reported primary aluminium production in GCC stands at 5.2 million tonnes in 2015, accounting for around 10 per cent of total global output of 58 million tonnes. The maximum investment in the downstream application is in the extrusion sector as the building and construction sector has seen exponential growth in the last two decades. The aluminium extrusion products cover extruded profiles, aluminium composite panels, fire-rated (FR) aluminium composite materials and many other...
Aluminium powder is a granular powder which is obtained from pure molten aluminium metal while aluminium flakes comes from aluminium powder through dry ball milling process. Aluminium powder is used in making paints and sealants, sparkles and glitters, aerated autoclave concrete, reflective roof coating and printing inks. {newsStudioGallery} The global aluminium powder market grew at a CAGR of around 2% during 2009-2016, reaching a volume of 589,012 tons in 2016, as stated by IMARC Group. As shown in data, Turkey imported 3122 tonnes of aluminium powder and flakes in 2015 with total revenue of USD 14 million. The country exported 385 tons less aluminium powder and flakes in 2016. The total revenue of import was USD 13.74 million. In 2017, the import is expected to be at 2381 tonnes and...
Constellium, a leading manufacturer of high-quality aluminium products and solutions in the world has reported results for first quarter ended March 31, 2017. The company reported an adjusted EBITDA of of €93 million for the first quarter of 2017, up 1% YOY. The company reported revenue of €1.3 billion in Q1, up 15% from Q1 2016 due to higher metal prices and increased shipments. The company reports net income of €13 million improved from a net loss of €8 million in the first quarter of 2016. Constellium reported total shipments of 375k metric tons, up 4% YOY on higher shipments of packaging and automotive products. Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am pleased with our first quarter results. AS&I continued its strong momentum and reported record Adjusted...
Alucast, a leading Wednesbury-based aluminium casting foundry, announced its plan for establishing a new £1.2 million technical centre and machine shop during the celebration of company’s 50th year in business. The commencement of work on the new facility will begin in June. John Swift, managing director of Alucast, said: ""Alucast has progressed a long way from a local jobbing shop foundry to an international aluminium foundry capable of competing with our global rivals by offering customers a complete supply service." The company will house its existing CAD and MAGMA casting simulation facilities, non-destructive testing capabilities and the firm’s new five-axis CNC technology. With this new facility, the company aim up to £3m of new light weighting opportunities for complex castings in...
China aluminium semis import in March 2017 rose 6.5 per cent year-on-year to reach 33,549 tonnes, showed data released by China's General Administration of Customs on April 25. Aluminium semi-finished products import during January to March summed up to an estimated 91,741 tonnes. The figures far exceed the export volumes which stood at 0.37 million tonnes for March, up 1.6 per cent year-on-year, and 0.94 million tonnes for the initial three months of the current year. {newsStudioGallery} Coming to the individual aluminium semi-finished product categories, China's aluminium tube (and accessories) exports grew at the highest YoY rate. The March volume rose by 21 per cent from the corresponding period previous year to total at 11,773 tonnes, while the initial three months' exports totalled...
Achenbach Buschhütten GmbH & Co. KG , the specialist in premium rolling mills for flat-rolled products made of aluminium and other base metals, announced that they have been recently chosen as partner for the delivery of aluminum cold rolling mills by Weihai Haixin New Material for their Weihai plant in the Shandong province, China. Weihai Haixin envisions to build a large ‘aluminum park’ to materialize production expansion of its aluminum foil unit at Weihai. The part of the order are four Achenbach OPTIMILL ® foil rolling mills for production of 1,700 mm wide foils which can be rolled down to strip thicknesses of 0.005 mm. OPTIMILL Aluminium Strip Rolling Mill Achenbach OPTIMILL ® foil rolling mills are equipped with the complete OPTIROLL ® i3 package for rolling mill automation and...
Arconic Inc. reported results for the first quarter 2017, in which the Company reported a revenue growth of 4.5 % YoY, driven by higher volumes across all segments. The impact of higher aluminium prices was offset by Arconic’s ramp down from the North American packaging business at its Tennessee operations. Excluding the ramp down costs, revenues were up 8 % YoY. Net income was $322 million versus $16 million in first quarter 2016, which includes a gain on the sale of Alcoa Corporation shares, slightly offset by non-cash charges related to the divestiture of a rolling mill in Fusina, Italy. Excluding special items adjusted income stood at $169 million. The company reports revenue of $3.2 billion, up 4.5% YoY. Adjusted EBITDA excluding special items stood at $485 million, up 11% YoY....
According to the latest Aluminum Association reports, shipments of Aluminum Extruded Products that includes extruded shapes, pipe & tube, and rod & bar by U.S. and Canadian producers stood at an estimated 471.4 million pounds during March 2017, a rise of 1.6% over the March 2016 revised total of 463.9 million pounds. On a month on month comparison, shipments increased 12.4 per cent over the February 2017 total of 419.2 million pounds. Shipments for the period of January to March 2017 stood at 1,319.5 million pounds, slightly up from the same period in 2016. Estimated shipments of aluminum drawing stock, bare wire and rod & bar by U.S. and Canadian producers stood at 110.5 million pounds during March 2017, up 8.5% YoY. On a month on month comparison, shipments rose 8.1% over the February...
Aluminium foil emerges as the ideal option for packaging of various products. The companies are opting for aluminium foil due to its lightness, flexibility and resistance. One of the main reasons for this is its recyclable characteristics and the fact that it can be modified as per preference. Aluminium foil trade has witnessed a steady rise all over the world. {newsStudioGallery} As mentioned in our data, Italy imported 99,286 tonnes of aluminium foils in 2015 as compared to 99,293 tonnes in 2016. The total import increased by 6.5739 tonnes in 2016. The total value of import was USD 417.75 million and USD 388.053 million respectively. In 2017, the amount of foil import is estimated to stand at 98,018 tonnes and the value to be around USD 342 million. In 2015, Italy exported 148,433...
Arconic has announced that it is postponing its 2017 Annual Meeting of Shareholders from May 16, 2017 to a date toward the end of May 2017. During the past two weeks, Arconic has been engaged in extensive discussions with Elliott Management Corporation in an effort to resolve the pending proxy contest. The Arconic Board believes that a settlement on reasonable terms could benefit all shareholders by putting an end to this distracting proxy fight, so that the Company can focus on ensuring a seamless leadership transition and on executing its strategic plan. However, these discussions have not produced a settlement, as Elliott has repeatedly demanded an ever-expanding litany of settlement terms. As part of its efforts to achieve a reasonable compromise to enable the Company to move forward,...
Swisstek Aluminium PLC, the manufacture of aluminium extrusions in mill, anodized and powder coated finishes and a subsidiary of Lanka Tiles PLC, intends to expand its aluminium production capacity from 450 tonnes to 1,000 tonnes within three months, as reported. The intention behind the move is to cope up with growing demand for aluminium. An official said to the local media, “The total demand now for aluminium is 2,500 tonnes for a month. So there’s a lot of scope.” The company is hoping to provide more than half of demand for aluminium. According to company, the infrastructure progress in Dompe, Sri Lanka would lead to additional demand growth for aluminium. During last quarter, Swisstek Aluminium’s bottom-line disturbed due to increase in aluminium prices. The company’s profit before...
As an update on the anti-dumping case against China, the U.S. International Trade Commission (ITC) has primarily determined that certain aluminium foils imported unfairly from the People’s Republic of China are harming U.S. producers. This indicates further proceeding of the antidumping and countervailing duty cases against Chinese imports by the Department of Commerce. The preliminary countervailing duty determination by the Commerce Department is due to be completed on June 2, 2017, and the preliminary antidumping duty determination is due to be completed on August 16, 2017. The Aluminum Association Trade Enforcement Working Group filed antidumping and countervailing duty petitions with the ITC and U.S. Department of Commerce on March 9, 2017. The Association has applauded the...
Malaysian aluminium extrusions export has witnessed a remarkable surge in the recent years. The shipment to the Australasian zone has increased so much that it has drawn the ire of the Australian government’s Anti-Dumping Commission to revise its levels of securities on the imports. The revisions are a result of an investigation into possible dumping and/or subsidization of those aluminium extrusions launched in October of last year. However, while the export of aluminium bar rods and profiles has increased manifold, the demand for aluminium tubes and pipes in the international market has fallen year-on-year. {newsStudioGallery} Data shows, Malaysia’s aluminium tubes and pipes export in 2016 was only 2201.37 tonnes, down 68.58 per cent from previous year’s 7007.35 tonnes. The value of...
China is readying to step up its aluminium semis exports in the coming quarters to leverage on the positive manufacturing climate globally, reported industry sources. The world’s largest aluminium consumer and a significant contributor of the global total metal production, China is optimistic about the demand staying buoyant in the long term due to the declining aluminium stockpiles. Higher exports of aluminium semis including aluminium bar rods and profiles, aluminium wire and stranded wire, aluminium tubes and pipes, and aluminium plates, sheets and strips could weigh down the LME aluminium prices that have surged nearly 14 per cent year-on-year. {newsStudioGallery} China’s aluminium semis exports dropped last year after prices plunged at historical lows in late 2015. China exported...
A leading producer of fabricated aluminium products for high-strength aerospace and automotive applications, Kaiser Aluminum Corporation, today announced its first quarter 2017 results. The net income rose to US$36 million from US$25 million in Q4 2016 and US$26 million in Q1 2016. Earnings per diluted share increased from US$1.44 in the previous year to US$2.04 in Q1 2017. Excluding the impact of non-run-rate items, Kaiser's adjusted net income for Q1 2017 was $27 million compared to the adjusted net income of $28 million in the corresponding period previous year. The company's net sales amounted to US$355 million, up 3.49 per cent from the same period previous year. However, Value added revenue for the period under consideration was down by three per cent on higher shipments. Commenting...
According to the latest trade data available, the value of Australia’s resources and energy export earnings for the financial year 2016-17 has been revised upwardly by AS$12 billion since December 2016 to AS$215 billion. Export earnings for 2017-18 financial year have also been upwardly revised by AS$17 billion stabilising at AS$215-billion. Though the revision is mostly attributed to the increase in ore prices, commendable rise in export volume of aluminium value-added products such as aluminium structures too have contributed to the surge {newsStudioGallery} Australia’s total export of aluminium structures increased from 2114.617 tonnes in 2015 to 2481.56 tonnes (up 17.35 per cent year-on-year) till 2016 end. The double digit rise in volume exported was not accompanied by revenue...
Sweden's aluminium plates, sheets and strips export is logging a steady growth. The European nation, which quit the Eurozone last year, shipped 62251.32 tonnes of the aluminium rolled products in 2016. The total export volume was valued at US$211.7 million. Projection shows the growth will continue through 2017. {newsStudioGallery} Volume-wise, aluminium plates sheets and strips export by Sweden increased 17.13 per cent year-on-year in 2016. The value of export also increased by 9.3 per cent. In 2015, total aluminium plates sheets and strips export stood at 53143.64 tonnes and was worth US$193.15 million. In 2017, Sweden is estimated to export 61090.02 tonnes of aluminium plates, sheets and strips that would generate revenue of US$198.28 million. Sweden being a developed export-oriented...
