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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Sapa has signed an agreement with the international flooring solutions company BerryAlloc for the delivery of aluminium skirtings for BerryAlloc’s wet room panels and laminated floor products. Sapa will deliver 37.5 million skirtings from its extrusion plant in Magnor, Norway. “I find it exciting that automation and the smart use of technology can make it profitable to move production closer to our customers and business operations,” says general manager John Vonli of BerryAlloc Norway. “We developed the new aluminium locking systems here in Norway. The new machines at Alloc and Sapa have been developed and built by Tronrud in Hønefoss. This is a good example of modern Norwegian industrial cooperation. “We chose Sapa as the supplier and manufacturer of the aluminium parts for our flooring...
According to the preliminary estimates of Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 2,037 million pounds in January 2016, down 5.3 per cent from a year ago. Demand for semi-fabricated (mill) products totalled 1,458 million pounds, down 3.9 per cent. Apparent consumption (demand less exports) in domestic markets totalled an estimated 1,797 million pounds, decreasing 7.4 per cent. The estimated aluminium demand in the U.S. and Canada in 2015 totalled 25,739 million pounds, up eight-tenths of one per cent over 2014.
The Aluminum Extruders Council (AEC) has elected Jeff Henderson to be its next president effective April 1, 2016. Henderson succeeds Rand Baldwin, who announced his retirement to AEC’s Board of Directors during the Management Conference last September. Baldwin has been the Council’s President since 2000 and has seen the Council through both challenging and exciting times. AEC Chairman Martin Bidwell said, “We are excited to have Jeff lead our Council. He has been a part of the leadership team both as a board member during his time with Sapa, and in the last two years as staff. We expect the tenets of our strategic plan to carry forward as our industry continues to grow.” “I couldn’t be more honored and enthusiastic about the opportunity to lead our industry as we move forward with our...
China Zhongwang Holdings Limited, the world's leading aluminium fabricated product developer and manufacturer, announced its audited annual results for the year ended 31 December 2015. During the year under review, the economic growth of China and the global markets continued to slow down. The Group gradually adjusted its production capacity and optimized the product mix by further increasing investments in technology as well as research and development (“R&D”), thereby improving its profitability and achieved total revenue of approximately RMB16.17 billion, representing a slight increase when compared with that of 2014. As the revenue contribution from high-end products increased, the overall gross margin increased by 4.9 percentage points to 32.9 per cent year-on-year. Profit...
A slump in China’s aluminium semis exports in February sparked concerns over export volumes in March. SMM sees any potential rebound to be marginal. Higher SHFE/LME aluminium price ratio, which climbed above 7.6 in March, will be the main constraint on aluminium semis outflows, SMM explained. Some Chinese traders told SMM that they will cut exports against unfavorable price ratio. Large aluminium processors reported stable export orders, though, SMM learns, since those producers have signed long-term contracts with overseas buyers. Customs data showed China’s aluminium semis exports totaled 260,000 tonnes in February, down 34.1 per cent from a year ago and down from January’s 330,000 tonnes. The Chinese New Year holiday was mainly blamed for the decline.
Sinolight Aluminium, the largest aluminium processing enterprise in China, has introduced a wide range of aluminium coils, discs foils, color coated coils etc for industries around the world. Aluminium is a light metal and its coils, discs, foils could be used in a variety of industries. China based Sinolight Aluminium produces aluminium coils and discs of various specifications for industrial use. Recognized as the largest aluminum processing industry in China the company with high grade aluminum metal and with the modern technology produces quality coils and discs for offset printing household appliances and construction and decoration and other industries. The leading aluminium manufacturer boasts of its manufacturing facility and the equipment to help deliver international class...
Jaya Hind Montupet, a joint venture of Jaya Hind Industries (a subsidiary of Force Motors) and Montupet France, inaugurated its ultra-modern gravity die casting foundry at Dewas, near Indore in Madhya Pradesh. While the Pune-based Jaya Hind Industries is engaged in aluminium die casting, Montupet is a French industrial group which specialises in the design and production of complex cast aluminium parts for the automotive industry. The new facility was inaugurated by Yashodhara Raje Scindia, Minister for Commerce, Industries and Employment, Madhya Pradesh; Dr Abhay Firodia, chairman, Abhay Firodia Group of Industries, and Prasan Firodia, director, Jaya Hind Montupet. The joint venture has been set up for the development and manufacture of automotive cylinder heads in India. A combination...
According to a latest market research study, the global aluminium extrusion market is expected to exceed 22 million metric tonnes by 2019, growing at a CAGR of almost 7 per cent during the forecast period. According to Chandrakumar Badala Jaganathan, a noted analyst for metals and minerals industry, “The demand for aluminium extrusions from the building and construction industry is resulting in the rapid growth of the market. Aluminium extrusions are gaining popularity among builders as they help them to attain green status for their buildings.” The global aluminium extrusion market can be segmented into three broad categories on the basis of the product type: • Global mill-finished aluminium market • Global anodized aluminium market • Global powder-coated aluminium market Global...
Excellent KEMPER technology- CleanAirTower has been awarded as the best product in the field of welding at the STOM trade fair, Poland's most important platform for metal finishers. The general ventilation system was singled out by the independent panel of experts in particular due to its innovative function. The trade fair highlighted to the company that a further development in the Polish market was worthwhile. The mobile extraction and filtering devices were the focus of the trade fair visitors in particular. KEMPER is preparing to be become more active in Poland. “We are already synonymous on the Polish market for high-quality extraction and filter technology for the metal-processing industry," says Poitr Kruk, who became Head of MEE Sales at KEMPER last year. The STOM trade fair in...
China Zhongwang Holdings Limited, the world's leading processed aluminium product developer and manufacturer, announced details of the proposed spin-off of the Group's industrial aluminium extrusion business. The Group, through an indirectly wholly-owned subsidiary, entered into an asset purchase agreement with CRED Holding Co. Limited, a Shanghai A-share listed company, for the purchase of the entire equity interests in Liaoning Zhongwang Group Co., Ltd. which focuses on the industrial aluminium extrusion business. The consideration will be settled in the form of share issue by CRED Holding to China Zhongwang, and through injecting its extrusion business into CRED Holding, China Zhongwang will achieve a spin-off listing on the A-share market. The initial valuation of Liaoning Zhongwang...
Despite a slight decline in production in 2015, the German aluminium semis industry is looking forward to 2016 with optimism. 'Although we recorded growth in the automotive sector, other markets like the building and construction industry remained flat,' explained Bernd Schafer, chairman of the Semi-Finished Products Trade Association of Gesamtverband der Aluminiumindustrie (GDA), speaking at the association's General Meeting mid-March in Düsseldorf. 'Our outlook for 2016 is positive,' he added. 'Good demand in particular from European markets will boost production at our rolling mills and extrusion plants continually. The most important markets like automotive, building and construction industry and packaging are showing stable growth, demand is decreasing and our capacity utilisation is...
Aleris International, Inc., the direct wholly owned subsidiary of Aleris Corporation, yesterday announced that it intends to commence a private offering of $450 million aggregate principal amount of senior secured notes due 2021 (the "Notes"). The Notes will be guaranteed by Aleris and certain of the company's subsidiaries. The Notes will be secured by a first-priority lien on substantially all of our and the guarantors' U.S. real property, equipment, intellectual property and stock of the issuer and the guarantors and other subsidiaries, but subject to permitted liens and excluding (i) inventory, accounts receivable, deposit accounts and related assets, which assets secure the company's $600.0 million asset backed revolving credit facility on a first-priority basis, and (ii) the assets...
In a bid to re-position itself as an investor friendly state, Odisha approved investment proposals worth INR 47,569.41 crore. The nod was given to 35 proposals spanning a cross section of industries including power, aluminium, food processing, healthcare, and logistics. The projects approved promise an employment potential of 11,738. Bahrain based Midal Cables got the nod of the State Level Single Window Clearance Authority (SLSWCA) for setting up a rod and wire conductor unit at a cost of INR 350 crore. The downstream unit is coming up at the aluminium park at Angul, jointly developed by National Aluminium Company (Nalco) and state owned Odisha Industrial Infrastructure Development Corporation (Idco). In the power sector, the state government okayed the plan by Mahandai Aban Power...
Emirates Aluminium Rolling (Emiroll), a joint venture between leading Dubai entities and Singapore-based industrial group Mars, is set to build a new plant in Abu Dhabi, UAE, at an investment of Dh440 million ($120 million). The facility will come up on a 900,000-sq-ft area in Khalifa Industrial Zone Abu Dhabi (Kizad) amidst surging demand for flat-rolled aluminium products designed for applications in downstream industries across the UAE and GCC countries. Both Mars and Dubal Holding, a subsidiary of Investment Corporation of Dubai (ICD) with a focus on investing in energy, commodities and industrial projects, have a 35 per cent stake in Emiroll, while the other entity Dubai Investments, the leading, diversified investment conglomerate listed on Dubai Financial Market, has the remaining...
ALMAG Aluminum Inc., was a winner of Canada’s Best Managed Companies program in 2014 and Requalified in 2015 to maintain their status as a Best Managed company. The Best Managed program recognizes Canadian-owned and managed companies with revenues over $10 million demonstrating strategy, capability and commitment to achieve sustainable growth. ALMAG has built a 63 year long reputation of striving to be the best employer for our employees, the best supplier for our customers and the best customer for our suppliers. These 3 stakeholder groups, working together, have created many "that can't be done" products that have enabled all 3 to prosper and grow together earning this outstanding recognition." Established in 1993, Canada’s Best Managed Companies is one of the country’s leading business...
The Aluminum Extruders Council, last week, filed a Circumvention and Scope Clarification case with the Commerce Department against aluminium producer China Zhongwang alleging that the Chinese aluminium producer is using semi-finished products to circumvent taxes meant to account for government subsidies. Commerce concluded, late Tuesday, that, “based on the information provided by petitioner, the department finds there is sufficient basis to initiate an anti-circumvention inquiry.” Commerce will now determine whether the merchandise subject to the inquiry, semi-finished aluminium products from China, involves either a minor alteration to subject merchandise or that it represents a later-developed product that can be considered subject to current anti-dumping law. “Mounting evidence from...
The U.S. Department of Commerce (DOC) last Tuesday issued its long-awaited circumvention decision in the Aluminum Extruders’ petition against China Zhongwang. The DOC decided that while 5050 alloyed aluminum extrusions are not expressly covered by the scope of its orders, it initiated an anti-circumvention investigation to determine whether imports of 5050 alloyed extrusions have been circumventing the AD/CVD duties. The Department concluded that, “based on the information provided by Petitioner, the Department finds there is sufficient basis to initiate an anti-circumvention inquiry, pursuant to sections 781(c) and 781(d) of the Act. The Department will determine whether the merchandise subject to the inquiry (identified in the “Merchandise Subject to the Anti-Circumvention Inquiry”...
“The world around us has shifted significantly and fast - again. A year ago, we experienced undersupply and record-high aluminium premiums. Shortly after, Chinese oversupply and rising exports pushed aluminium prices to 6-year lows. I am happy to report that Hydro’s improvement efforts has continued independently with undiminished intensity, giving benchmark results and improved ability to stay the course. We have in total delivered NOK 4.5 billion in annual improvements since 2011. That does not mean improvements have come to an end, and we are always seeking the next milestone. On our Capital Markets Day in December we launched a new ambition aiming to realize new annual improvements of another NOK 2.9 billion by 2019,” President and CEO Svein Richard Brandtzæg writes in his letter to...
