Germany and France share one of Europe’s busiest downstream aluminium corridors, and the metal flows in both directions. In the first seven months of 2026, aluminium flat rolled products (FRP), which cover aluminium plates, sheets and strips (HS code: 7606), as well as aluminium foil (HS code: 7607), crossed the border each way, amounting to a total of around USD 692 million. However, the bilateral trade flow is tilted towards Germany, which remains France’s largest FRP supplier. Nonetheless, the inter-dependence remains as the countries do exchange the same products but engage in cross-border trade of specialised high-value products and alloys, feeding the demand on either side. The trade figures for January–July 2026, as compiled from the International Trade Administration, highlight...
KAP Minerals and Cymat Technologies are exploring a partnership to produce scandium-aluminium master alloy in Ontario, following the signing of a memorandum of understanding. The partnership would use scandium oxide from KAP’s Kapuskasing critical minerals project and Cymat’s aluminium-processing technology to produce alloys for aerospace, defence and manufacturing applications. To know the global production, demand and consumption forecasts of aluminium extrusions, explore our report " The World of Aluminium Extrusions to 2035 " Scandium-aluminium alloys can improve strength, performance and weldability while reducing weight. The companies aim to use the proposed venture to establish a domestic supply chain, converting Canadian critical minerals into value-added industrial materials....
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Aluminum buyers in Japan agreed to pay producers higher premiums for shipments starting in April, the first increase in three quarters, as the nation’s recovery from natural disasters boosts demand from builders and carmakers. Premiums for the three months beginning April were set at $115 to $117 a metric ton over the London Metal Exchange cash price in transactions agreed so far, compared with $112 to $113 this quarter, said three officials involved in the negotiations. They declined to be identified because the talks were private. Fees will increase after the economy in Asia’s largest aluminum importer returns to growth this quarter as a result of rebuilding from last year’s earthquake and tsunami. Supply declined after smelters reduced output on rising production costs and low metal...
Aluminum rolling industrial products mainly consists of two categories i.e. aluminum sheet & strip and aluminum foil, and China is currently the world’s largest producer and exporter of aluminum sheets, strips and foils. In 2010, China’s aluminum sheet & strip capacity reached 7.25 million tons, sharing roughly 23.2% of global total; aluminum foil capacity 2.13 million tons, making up about 35.7%. Aluminum rolling industry is the area with fastest-growing investment in today’s China aluminum processing industry; investment in new industrial products is primarily focused on high-precision aluminum sheet & strip, aluminum thin-sheet for cans, electronic foil, packaging foil and others, and domestic key aluminum processing enterprises involving Southwest Aluminum, Nanshan Aluminum, Weiqiao...
JTEKT Automotive Tennessee-Morristown, Inc. announced a $50 million investment Tuesday, that would create about 125 new jobs. The investment will expand JTEKT's existing die casting operation, and launch a new pump product technology by mid-2013. JTEKT says continuing recovery by the automotive market, new business awards and increased product diversification have all helped increase the demand for the company's products. The die casting facility expansion will open by the end of this year, and supply aluminum components for steering and driveline systems. The new pump technology product launch is planned for May 2013 and will include die casting, machining, assembly, and test operations. “These projects support a strong strategy with our customers to localize the manufacturing of...
JTEKT Automotive Tennessee-Morristown, Inc. announced a $50 million investment Tuesday, that would create about 125 new jobs. The investment will expand JTEKT's existing die casting operation, and launch a new pump product technology by mid-2013. JTEKT says continuing recovery by the automotive market, new business awards and increased product diversification have all helped increase the demand for the company's products. The die casting facility expansion will open by the end of this year, and supply aluminum components for steering and driveline systems. The new pump technology product launch is planned for May 2013 and will include die casting, machining, assembly, and test operations. “These projects support a strong strategy with our customers to localize the manufacturing of...
PR Newswire -- Revenue up 4.9% to RMB1.08 billion; Gross profit up 4.9% to RMB362.0 million -- Contributions from Aluminium Alloy Division up 4.8% to RMB1.04 billion -- Aluminium Alloy Division gross profit margin stable at 34.2% -- Proposes final cash dividend of 0.5 Singapore cents per ordinary share SINGAPORE and HONG KONG, Feb. 29, 2012 /PRNewswire-Asia/ -- Financial Highlights (RMB' mil) FY2011 FY2010 Change % Revenue 1,080.7 1,029.9 4.9 Gross profit 362.0 345.0 4.9 Profit before tax 225.5 296.6 (24.0) Profit attributable to equity holders 187.4 240.8 (22.2) Midas Holdings Limited ("Midas" or the "Company", together with its subsidiaries, the "Group"; SGX-ST stock code: 5EN; SEHK stock code: 1021) today announced its financial results for the year ended December 31, 2011 ("FY2011")....
Leading building envelope and solar products specialist Schueco UK Limited has announced that Mike Lane, currently Sales Director Metal Construction, will lead the company when Managing Director Marc von Briel leaves towards the second half of the year to set up a new Schueco subsidiary in Australia to service the Australasian region. Mike joined Schueco UK in July 2010 after 20 years in the architectural aluminium extrusion sector. In addition to working for major companies such as Alcoa, where he became European Customer Service Director, he has an MBA in Business Administration. Commenting on his appointment, Marc von Briel said: 'Mike has done an excellent job since his arrival at Schueco. He has the drive and ability to see the company through the current difficult economic times and...
Tianjin Golden Wheel Bicycle Group Co.,Ltd self researched and developed aluminum alloy frame industrialization project received Tianjin Science and Technology Award recently. Also export hundreds of new aluminum alloy frame mountain bikes to Japan, Korea, Europe, America and many other countries and regions received good reputation from customers. When faced with the demand of fashion and top grade bikes at home and abroad, Tianjin Golden Wheel Group aims at market empty space, selects target market and accelerates the starting of aluminum alloy frame industrialization project. Through import large-scale die casting machine, heat treatment furnace and full-automatic coreless grinder such advanced production and processing equipment not only guarantee the strength, smoothness and...
Neville and More has launched a new range of screw neck aluminium bottles available direct from stock with short delivery lead-times. The range includes eight different sizes (30ml, 50ml, 100ml, 150ml, 200ml, 250ml, 300ml and 1000ml). The bottles can be supplied printed or ready-to-label and all have industry stardard neck specifications. This means all the aluminium bottles in the range are compatible with more than 50 different closures, finger sprayers, lotion dispensers, treatment pumps and trigger sprayers which are all available direct from stock. The minimum order quantity for any of the aluminum bottles in the range is only a single carton of 200 bottles which can be shipped to anywhere in the world in a matter of days, along with compatible closures.
Investor Ronny Pecik intends to take a stake in Austrian aluminium group AMAG and has been sounding out potential partners to raise money for a deal, Format magazine reported on Friday, citing unnamed banking sources. Main owner CP Group 3, a joint venture between One Equity Partners (OEP) and Constantia Packaging, has a 34.5 percent stake worth nearly 220 million euros ($292.9 million) at current market prices that it is ready to sell, the report said. "We are negotiating with a few interested parties but are not in a hurry to sell," the magazine quoted an OEP spokesman as saying. OEP is an affiliate of JPMorgan Chase. The report could not be independently confirmed immediately. AMAG went public last year.
Greaves Corporation announces the all-aluminum PTA Series Aluminum Pin Adapter to complete the family of aluminum-barrel pin adapters. The PTA adapter is designed to be installed on an aluminum cable which has been up-sized for any of a variety of reasons, such as to reduce voltage drop in a long cable run. In many cases, and especially with aluminum cable, the wire-port of the gear is smaller than the over-sized cable. This dual-rated compression-type pin adapter consists of an aluminum barrel and concentric pin of solid aluminum, and is provided with oxide-inhibitor compound in the barrel and a flexible insulating cover. When installed, the PTA presents a reduced aluminum pin to fit into the lug or gear. Since the pin is aluminum, the PTA adapter is suitable only where the pin will be...
Far from an expected recovery, the aluminium product producer limped in with headline earnings per share (HEPS ) down from 27c in 2010 to 25c for the financial year to December. That was way off the consensus forecast of 59c by analysts polled by I-Net Bridge. In themselves Hulamin’s HEPS numbers don’t tell the full story. “Our underlying performance and profitability improved last year,” says Hulamin CEO Richard Jacobs. “Our figures include a lot of one-offs .” In 2011, headline earnings of R81m were boosted in the first half of the year by inclusion of an insurance claim of R26m (14c/share) after tax. In the second half of the year HEPS were hit by a R34m (10,6c/share) loss on an aluminium hedging position. Complicating matters further, in 2010 Hulamin made a hedging profit of R46m, or...
Oman Aluminum Rolling Company (OARC) has awarded ABB a $9M maintenance contract at the company’s rolling mill plant in Sohar, Oman. The greenfield aluminum rolling mill will produce flat sheet and aluminium foil with a 140kt/y capacity and will primarily serve the Middle East and European markets. It is expected to be built in Q3 2013 when the plant will commence operations. Buddy Stemple, Oman Aluminium Rolling Company CEO said: “The agreement is performance based and provides both parties incentives for success. OARC and ABB will work jointly to provide a high rate of Omanization within the maintenance work force which is in the interest of our shareholders.” ABB will manage, develop, implement and execute the entire maintenance function at the plant including all mechanical and...
Liyuan Aluminium Co.,Ltd released its 2011 annual report yesterday. According to the report, Liyuan Aluminium’s total operating revenue reaches 1.234 billion RMB, up by 20.41% on YoY basis. Operating profit of the company reaches 161 million RMB, up by 63.26% on YoY basis. And net profit reaches 141 million RMB, up by 51.75% on YoY basis. Liyuan expressed that the company achieved great breakthroughs in 2011.
Offcials at Tredegar Corp. of Richmond, Va., announced that the company's Bonnell Aluminum subsidiary will close its plant in Kentland, Ind., according to a company news release. The plant, which employs 146 people, is scheduled to close by September 30, 2012. Tredegar officials estimate that the company will recognize charges related to the shutdown of approximately $8 million, including accelerated depreciation on fixed assets of approximately $4 million, severance-related charges of approximately $1 million and other shutdown-related charges of approximately $3 million. Other shutdown-related charges primarily comprise equipment transfers and plant shutdown charges. Most of these charges will be recognized over the next 18 months, officials estimate. The Kentland facility had sales of...
Due to the high volume of mass layoff notices this week, it will be another four post day here at TDS as I try to clear out the backlog. This latest story is from Enhanced Online News: Tredegar Corporation announced that its Bonnell Aluminum subsidiary will close its plant in Kentland, Indiana. The plant, which employs 146 people, is scheduled to close by September 30, 2012. Tredegar estimates that it will recognize charges related to the shutdown of approximately $8 million, including accelerated depreciation on fixed assets of approximately $4 million, severance-related charges of approximately $1 million and other shutdown-related charges of approximately $3 million. Other shutdown-related charges are primarily comprised of equipment transfers and plant shutdown charges. It is...
According to Japan Aluminum Association, Japanese aluminum re rollers' operating rate was averaged at 79.3% in 2011 which downturned after 2 years. Rolled aluminum production decreased mainly for flat products through the year. The demand temporarily dropped from car industry after the Japan Earthquake. In the H2 year, the export was impacted by Thai flood. The operating rate for aluminum flat rolled products was averaged at 79.9% in 2011 compared with 87.7% in 2010. The averaged operating rate was 83.7% in the H1 year while the rate was less than 80% for 5 months in a row through December Annual production of flat products decreased by 6.7% to 1.195 million tonnes in 2011 from 2010. The export maintained inactive through the year. In the H1 year, the users of aluminum flat products put...
HDFC Securities has given a hold recommendation on Hindalco with a target price of Rs 150. The stock has risen 38 per cent from the start of the year and is now trading at 5.7 times FY13EV/EBITDA. "We like the company for its hedged aluminium price play and stable cash flows from Novelis, potential for rampup in domestic projects and low impact from potential mining bill," the brokerage said. "That said, Novelis showed volume softening in the past quarter and is prone to a volume downside in case of a soft global growth/recession. While production cuts have been announced in aluminium, the key trigger for aluminium price support, we believe will come from the Chinese volume cuts. We revised the FY13EV/EBITDA multiple upwards to 5.7 times from 5.3 times to account for increases in pure...
Alcoa (NYSE:AA) and China Power Investment Corporation (CPI) announced today they have finalized an agreement to establish a joint venture company to produce high-end fabricated aluminum products for the China market. Alcoa Chairman and CEO Klaus Kleinfeld and CPI President Lu Qizhou signed the agreement today in Beijing at the Great Hall of the People. Also attending the signing ceremony was U.S. ambassador to China Gary Locke. The new joint venture company, Alcoa CPI (China) Aluminum Investment Co. Ltd., will be majority owned and managed by Alcoa and based in Shanghai. Today's announcement is the outcome of a Letter of Intent between the two companies signed in September 2011 to form the joint venture company. "This is a significant milestone in the partnership we have forged with CPI...
