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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A new machine at Middlebury's Champagne Metals in the United States is helping the aluminium processor achieve efficiencies and offer new services and should have a nationwide impact on manufacturing, according to a company executive. In March, the cut-to-length machine that can handle rolls of aluminum sheeting up to 111 inches wide went into production. Butech Bliss of Salem, Ohio manufactured the machine for Champagne Metals. “We take coiled aluminum, level it and cut it to length for use in all types of industries,” said Darren Hayes, chief operating officer for the company. He said the company has customers in a variety of industries, including pleasure boats, especially pontoon boat builders, van box truck manufacturers, liquid and dry bulk tankers, dump bodies and other industries....
Constellium N.V. has announced results from its 2016 Annual General Meeting of Shareholders which was held yesterday. All voting items were adopted at the meeting except for the proposal to increase the number of shares under the 2013 Equity Incentive Plan (described in the annual meeting materials). Mr. Jean-Marc Germain was appointed as a new Executive Board Member of the Company and Ms. Martha Brooks as a new Non-Executive Board Member. The following directors were re-appointed: Mr. Pierre Vareille as Executive Board Member and Mr. Richard Evans, Mr. Peter Hartman, Mr. Michiel Brandjes, Mr. Phillippe Guillemot, Mr. John Ormerod and Ms. Lori Walker as Non-Executive Board Members.
More than 80 aluminium related companies from across China gathered in Beihai Economic Development Zone, Binzhou City, Sanding Province, on June 14 for potential investment there, industry sources reported. The local government is making all efforts to attract investment in local aluminium processing industry, aiming to establish an ambitious aluminium and aluminium alloy industry cluster and car part center that is worth hundreds of billions of yuan. The local government will provide plentiful land and preferential policies for companies that build Beihai aluminium industrial park. Several large aluminium companies have already settled in the economic zone. For example, Beihai new materials industrial park, invested by Shandong Weiqiao Pioneering Group, has a planned total investment of...
According to the data released in a recently published market research report, the Global Aluminium Extrusion Market will grow at a CAGR of 6.71 per cent during the period 2016-2020. Growing construction market has been identified as the sole growth driver for the sector. Aluminium extrusion is a method in which aluminium alloy billets are heated to 800-925 F and subject to the extrusion process. Extruded aluminium includes mill finished, anodized, and powder-coated aluminium. Aluminium extrusions are used in many sectors, such as the construction, transportation, electrical, machinery, and consumer durables, due to their high strength, flexibility, and durability. Aluminium extrusion products are 100% recyclable and do not emit hazardous gases during processing. This helps manufacturers...
India's state-owned aluminium maker National Aluminium Company (Nalco) and the Defence Ministry's Mishra Dhatu Nigam Ltd (MIDHANI) are in talks to set up an aluminium-lithium alloy plant. Lithium is the hottest metal today, with its demand underlined by the Space X and Tesla ventures of maverick entrepreneur Elon Musk. Lithium-aluminium alloys meet the extremely strong but very light properties required for spacecraft and high-performance Tesla batteries. The tanks of freezing liquid hydrogen and liquid oxygen attached to NASA's space shuttles are made of such alloys. "Lithium-aluminium alloy is an extremely expensive alloy (sells for around INR 40 lakh a tonne)," Nalco Chairman Tapan Kumar Chand told ET. "More importantly, it is critical to our strategic sectors. Given the 'Make in...
Manufacturer Whitehall Industries of Ludington has been acquired by a Japanese aluminium supplier. According to a statement, SRS Industries LLC, which does business as Whitehall Industries, was acquired in May by UACJ Corp., a Tokyo-based aluminium manufacturer. Whitehall Industries is a vertically integrated supplier of extruded and fabricated aluminium components and assemblies for the automotive industry. The company makes a range of products, including structural components, sunroof guides, convertible top components, and running boards, among others. Its customers include U.S., Japanese and European OEMs, as well as Tier 1 and Tier 2 suppliers in the U.S. and Mexico. The existing management team remained with the company as part of the deal. Birmingham, Mich.-based Quarton...
Constellium N.V. is showcasing its innovative aluminium defense solutions at Eurosatory 2016, the world’s largest exhibition of land and air-land defense and security. The exhibition is currently being held in Paris, France. For the last four years, Constellium has been expanding its global armor portfolio. Thanks to a tireless focus on research and innovation, Constellium now offers an extensive aluminium product range for armored vehicle and turret hulls, appliqué armor kits, underbelly armor kits as well as bridging and pioneering vehicles. As an illustration, the KEIKOR® Suite is, today, the highest performance solution on the market combining extreme protection level and vehicle mobility. In addition, Constellium established a dedicated team of technical armor experts supporting the...
The global market for aluminium shields in the automotive sector will be worth USD 984.9 million in 2021, according to a recently published market research report. The major factors which are driving the demand for aluminium heat shields are the rise in vehicle production, rise in military expenditure, and rising demand for luxury vehicles, the report revealed. The factors which act as restraints in the aluminium heat shield market are the availability of substitutes and the emergence of battery driven vehicles. Advancement in technology due to continuous R&D activities by the major OEMs is the major factors boosting the aluminium heat shield market. An aluminium heat shield is a type of heat shield which is designed to shield a component from absorbing excessive heat either by...
Noranda Aluminum Holding Corporation announced that it has entered into an asset purchase agreement with Gränges AB, under which a subsidiary of Gränges will serve as the "stalking horse" bidder for Noranda's Flat-Rolled Products business in a court-supervised sale process designed to maximize the value of such business. The agreement values the Flat-Rolled Products business at $302.5 million, on a debt-free, cash-free basis. If other qualified bids are submitted, the company will conduct an auction pursuant to section 363 of U.S. Bankruptcy Code. The asset purchase agreement with Gränges sets the floor for the auction, which is designed to achieve the highest or otherwise best offer. A hearing to approve the stalking horse bid is scheduled for June 22, 2016. Upon court approval of the...
Aluminum Corporation of China Limited (Chalco) will break ground on its aluminium precision processing project in China’s east coastal province Fujian in September, reported industry sources. The project, with total investment at 10 billion yuan ($1.53 billion), will produce automotive aluminium sheet, construction aluminium formwork, as well as aluminium product used in high-end electronics, the sources added.
Indian government is considering to impose an anti-dumping duty or a safeguard duty on aluminium products . The Indian aluminium industry has been lobbying to the commerce ministry for benefits similar to those imposed for the steel industry in the country to check cheap imports in the sector. The Aluminium industry approached commerce ministry after the finance ministry decided against the safeguard duty. Safeguard duty is a WTO-compatible temporary fiscal measure to protect a country’s domestic industry from cheap imports. China and West Asia are dumping aluminium – China as its industry is heavily subsidised and West Asia as power is very cheap there. Electricity accounts for almost 40 per cent of the total production cost.
Novelis, Inc., the world leader in aluminium rolling and recycling, today announced the appointment of Devinder Ahuja as Senior Vice President, Chief Financial Officer. Ahuja will join Novelis on July 19, 2016, as Senior Vice President, Finance, and Chief Financial Officer Designate. He will officially become Novelis' Chief Financial Officer after the filing of the company's first quarter 10-Q in August. Steve Pohl, currently Interim Chief Financial Officer, will be responsible for the function until that time. "We are thrilled to have someone with Devinder's breadth of financial experience and expertise joins Novelis," said Steve Fisher, Novelis President and Chief Executive Officer. "He will bring a distinct and different perspective to the executive team and to the role of CFO." As...
Sagar Asia Private Limited has entered into an asset purchase agreement with Golkonda Aluminium Extrusion Limited to purchase certain assets from Golkonda Aluminium located in Hyderabad. In a journey of over three decades, Sagar Asia has attained leadership in the Indian market as a manufacturer of ladders, scaffolding systems, customized equipment for windmills and several ‘on-order’ solutions. A team from Trilegal, Hyderabad comprising Partner Pavan Kumar, Senior Associate Dennis John and Associate John Mathew acted for Sagar Asia. ALMT Legal, Bangalore advised Golkonda Aluminium on the transaction, through a team led by Partner Satish Srinivasan. Golkonda Aluminium Extrusions Limited, formerly Alumeco India Extrusion Limited, is an India-based company engaged in the manufacture of...
Scientists at the United States Department of Energy’s Oak Ridge National Laboratory, the Lawrence Livermore National Laboratory, and Eck Industries announced last week that they have developed a new variety of aluminium alloys that are more resistant to heat and are easier to work with than current alloys. Such alloys have the potential to re-invigorate America’s production of rare-earth elements, which are key to electronics and other modern and emerging technologies. “We have these rare earths that we need for energy technologies,” said ORNL’s Orlando Rios, “but when you go to extract rare earths, the majority [of rare earths found in the United States] is cerium and lanthanum, which have limited large-volume uses.” To address this problem, the research team has developed an...
Customs data showed China exported 400,000 mt of unwrought aluminium and aluminium semis in April, down 20,000 mt MoM and 7 per cent YoY. YTD exports through April totaled 1.48 million mt, down 10.0 per cent YoY. Rising SHFE/LME aluminium price ratio cut export profit, leading to declines in export volumes. But the decline was limited, due to two reasons. First, some exporters were still willing to take export orders so as to maintain customer relationship. Second, yuan’s exchange rate against the US dollar still brought profit for exporters.
Hydro Aluminium Rolled Products GmbH, a fully-owned subsidiary of Norwegian aluminium company Norsk Hydro ASA, announced yesterday that it has come to an open-ended agreement with Norwegian extruded aluminium provider Sapa AS. The new agreement, which is for Norsk Hydro to provide extrusion ingot to Sapa, is to begin next year. The new agreement between Norsk Hydro and Sapa is for Europe only, and replaces an existing agreement. The agreement currently in place was begun as the Sapa joint venture was wound up in 2013 and runs to the end of this year. According to Norsk Hydro, the agreement is to supply extrusion ingot to Sapa at the prevailing market price, and at a volume of between 250,000 and 300,000 metric tons per year, which may be adjusted by the parties on a yearly basis. “Hydro’s...
On Tuesday’s night trading, SHFE 1608 aluminium jumped to RMB 11,745/mt after opening at RMB 11,640/mt. But prices then fell back to RMB 11,590/mt and ended at RMB 11,710/mt. On Wednesday, SHFE 1608 aluminium opened at RMB 11,710/mt. Pre-holiday downstream stocking triggered short covering on SHFE aluminium market, allowing the most active contract to rise to RMB 11,895/mt before ending at RMB 11,870/mt. Trading volumes were down 57,292 lots to 241,000 lots, and positions were down 23,206 to 242,000. SHFE 1608 aluminium is expected to move widely after the holiday.
The global aluminium die casting machinery market is slated to grow at a CAGR of 7 per cent during the period 2016-2020, indicates data released in a recently published market research report. The aluminium die casting machinery is used to produce cast aluminium parts for applications in various end-user sectors, namely automotive, aerospace and defense, marine, telecommunications, and others, such as electronic appliances and renewable energy sectors. Aluminium cast parts offer several benefits over other types of nonferrous metals: • The use of aluminium for die cast makes it possible to attain complex designs and forms • Production rate is higher and faster than other nonferrous alloys and metals • Aluminium castings possess the strength of steel cast parts but are lighter in weight...
