Novelis reported a 20 per cent year-on-year increase in adjusted EBITDA to USD 508 million in the second quarter of fiscal year 2027, while rolled product shipments declined 2 per cent to 919,000 tonnes. Net sales rose 25 per cent to USD 5.9 billion from USD 4.7 billion in the corresponding quarter last year, mainly due to higher average aluminium prices. Higher shipments of beverage packaging and aerospace products were partly offset by lower volumes in automotive and speciality products. Net income attributable to Novelis' common shareholders increased 29 per cent to USD 210 million, compared with USD 163 million a year earlier. Excluding special items, net income also rose 29 per cent to USD 146 million. Explore further insights and forecasts for the aluminium flat rolled products...
Australia could turn more of its aluminium and copper resources into higher-value battery components, with a new report from national science agency CSIRO identifying opportunities to strengthen the country's domestic battery manufacturing capabilities. The report, The Future of Australian Battery Manufacturing: Cell Cans and Current Collector Foils, examines how Australia could use its existing industrial expertise, materials and manufacturing capabilities to produce key components for lithium-ion and emerging sodium-ion batteries. Rather than focusing solely on the country's critical mineral resources, the analysis explores practical ways to move further downstream and capture more value through local manufacturing. The opportunity comes as global demand for batteries continues to grow,...
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With the rapid growth of economy and aluminum processing,packaging aluminum foil has been one of the main consumption growth points in aluminum foil market. It is expected that packaging aluminum foil capacity will be over 400 thousand tons this year in China.
Alcoa and the China Power Investment Corporation (CPI) have signed a Letter of Intent that marks an important step in the evolution of the two companies' partnership, Alcoa announced today. The letter provides a framework for a completed joint venture, which will focus on producing high-end fabricated aluminum products in China and leverage Alcoa and CPI's existing capabilities. The new joint venture's world-class facilities will be well positioned to capture growth in the Chinese automotive, aerospace, packaging and consumer electronics markets. The two companies signed a Memorandum of Understanding for cooperation on projects in China and around the world during Chinese President Hu's state visit to Washington, DC, earlier this year.
With copper costs continuing to rise, Delphi Automotive is introducing an Aluminum Cable that performs comparably to traditional copper core cable without the added cost. The technology, which is also lighter than copper cable, is now in production and will be introduced on 2012 model year vehicles. "A vehicle's electrical/electronic (E/E) architecture must support transportation, entertainment, occupant protection and an increasing number of other vehicle systems. Because of its size and complexity, the E/E architecture system also presents a great opportunity for weight and space reduction," said Stefaan Vandevelde, vice president, Delphi Packard E/E Architecture, EMEA, and president, global electrical/electronic distribution systems. "Delphi Aluminum Cable is a simple and smart way for...
Power supply unit (PSU) maker ENG Electronic has recently cut into the aluminum material supply industry and will start shipping aluminum materials and ingots to chassis makers such as Ju Teng, Catcher Technology and Foxconn Technology, and indirectly cut into Apple's supply chain, according to sources from PC players. As the PC industry reaches maturity and is unable to provide growth as strong as in previous years, component makers are also seeking diversification to survive in the new ecosystem. ENG has recently earned a chance to cooperate with Hong Kong-based Asia Aluminum and will start supplying aluminum materials in the fourth quarter. With Intel aggressively pushing Ultrabooks, demand for aluminum-based chassis is expected to increase and boost the company's performance, the...
The use of aluminum by the automotive industry should more than double in four years. The rate is such that in four years we will just have more than 100 per cent growth. The transportation industry accounts for about 26 per cent of aluminum consumption, according to the London Metal Exchange. Carmakers are using more aluminum because of a combination of new legislation in Europe and the U.S., and new wealth across the globe which can be concluded referring to the emerging markets.
Aluminium air pumps from Specialised Air Motors & Transmission (SAMT) are small and light devices that are highly efficient, even when pumping high adhesive liquids with a low flow rate. Featuring quality diaphragms, these air pumps will not be damaged even if running with no input for a long time, and will not suffer a loss of efficiency due to any abrasions. The outlet of the pumps can be shut down at any time if necessary. They will stop immediately and will not cause any power waste, heat production or any abrasion damage. Manual, remote or automatic control can be used to regulate the pumping output. Specialised Air Motors & Transmission's aluminium air pumps are also suitable for use in explosive environments.
A range of architectural aluminum products from Alcoa’s (NYSE: AA) Kawneer business were used in the design and construction of the new Art Gallery of Alberta, Canada, recently recognized by Metal Architecture with the Grand Award in its 2011 Metal Architecture Design Awards. Alcoa Kawneer's curtain wall, entrances, skylight and framing system are featured on the award-winning Art Gallery located in Edmonton, Canada. The range of Kawneer architectural aluminum products featured on the 84,000 square-foot building helps create the dramatic design that is now an "iconic structure." Kawneer curtain wall, entrances, skylight and framing systems are featured on the 84,000-square-foot building to help create the dramatic design that is now an “iconic structure.” To allow visitors and passersby...
Alcoa expects global aluminum demand to grow because of increasing population and urbanization around the world, particularly in China.They have seen many opportunities in China's aerospace, automotive, home appliance, consumer electronics, commercial transportation, and power generation industries. Aluminum is used extensively in these industries because of its light weight, durability, surface qualities and corrosion resistance and also its infinite recyclability. About 75 percent of all aluminum ever made on this planet is still in use today. In their meetings with Chinese leaders,they have been told repeatedly that more environmentally sensitive growth is what China is pursuing. And the extensive use of aluminum will certainly help meet this goal.Alcoa predicts that China's aluminum...
Global leader in Aluminium automotive sheet,Novelis, announced today that it has been selected as the sole supplier of aluminum sheet for the all-new Range Rover Evoque, the lightest and most fuel-efficient Range Rover model ever. The first Evoque rolled off the assembly line in Liverpool on July 4. The Evoque features an aluminum hood, roof and structural parts made with Novelis automotive sheet. The advanced roof design is the first production application of the company's new high-strength aluminum alloy Anticorodal®-600 PX (Ac-600 PX), which delivers superior strength and excellent formability in a light-weight package. "Ac-600 was developed by Novelis scientists specifically for automotive use," says Roland Harings, Vice President, Global Automotive for Novelis. "It is about 20...
Global demand for aluminum will grow by 25% per year over the next four years, according to the forecast by Novelis Inc. The demand for this metal will increase significantly due to automobile manufacturers, that are already using more aluminum in producing motor cars because of a combination of new legislation in Europe and the US and new wealth across the globe.
Yunnan Aluminum (000807) plans to invest 120 million yuan to set up a joint venture with controlling shareholder, Yunnan Metallurgical Group, to set up a plant in Lijiang with annual production capacity of 150,000 tons of aluminum materials used in the transportation sector, reports yicai.com, citing a company filing. The proposed joint venture will have registered capital of 200 million yuan, with the remaining 80 million yuan to be contributed by Yunnan Metallurgical Group. The production facility will have a three-year construction period. The company predicts the facility will be put into operation in 2014, with projected annual revenue contribution of 3.23 billion yuan and net profit contribution of 288.79 million yuan.
The 1st China International Advanced Materials Industry Exposition was held in Harbin on September 6th.A professor of Harbin Institute of Technology said that he finally saw the dreamed products after looking at foamed aluminum products of Guangyuan. Someone from Ukraine also said they would use the new products to replace their current war industry materials. During the expo, foamed aluminum products of Guangyuan drew much attention and attracted an endless interaction among consulting businessmen.More than 500 pieces of publicity material and thousands of foamed aluminum product gifts were all taken away by customers. Foamed aluminum products provide light weight and high rigidity,and can be used as excellent material of construction, new building material, electromagnetic shielding...
By 2012 the use of aluminum in automobiles could reach record highs, the Aluminum Association reports. The organization cited a Ducker Worldwide survey that shows North American automakers will increase their use of aluminum 53% to 500 pounds by 2025. Fuel-economy standards in the United States are forcing carmakers to seek lighter-weight materials for production. Aluminum is seen as one of the steel industry's most formidable challengers in the race to produce fuel-efficient vehicles. The Aluminum Association, which represents U.S. and foreign-based aluminum producers, says aluminum can replace more than twice as much weight as steel. Alcoa Inc. marketing director Randall Scheps touted the Ducker findings as a sign that "aluminum's time has come" as a major player in new vehicle designs....
Balexco's $21.3 million project to expand its plant in the Sitra Industrial Zone is nearing completion. The Bahrain-based regional aluminium extrusion company's expansion project consists of two parts, a $9.3m anodising unit and a $12m aluminium extrusion line. Both are expected to begin operations in December this year. The new extrusion line will increase the production capacity of extruded aluminium by about 33pc, from 24,000 to 32,000 tonnes annually. "The expansion is aimed at meeting the growing levels of demand locally, regionally and internationally in general and the demand for Balexco products in particular," said chief executive officer Jassim Mohammed Seyadi.
Equities research analysts at UBS AG (NYSE: UBS) lowered their price target on shares of Alcoa (NYSE: AA) from $16.25 to $13.00 in a research issued note to investors on Friday. They currently have a “neutral” rating on the company’s shares. Separately, analysts at Jefferies initiated coverage on shares of Alcoa in a research note to investors on Tuesday. They set a “buy” rating and a $16.00 price target on the stock. Also, analysts at Davenport upgraded shares of Alcoa from a “neutral” rating to a “buy” rating in a research note to investors on Monday, August 22nd.
Kaiser Aluminum Corporation KALU -1.35% today announced that Jack A. Hockema, President, Chief Executive Officer and Chairman, will present at the KeyBanc Capital Markets Basic Materials & Packaging Conference on Tuesday, September 13, 2011 at approximately 12:05pm Eastern. Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif.,is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications.
Ess Dee Aluminium Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 23, 2011 to September 28, 2011 (both days inclusive) for the purpose of Payment of Dividend & 7th Annual General Meeting (AGM) of the Company to be held on September 28, 2011.
Global demand for aluminum rolled products will rise by over 11 million metric tons to 30 millions tons by 2020, a senior executive at Novelis said Friday. Tadeu Nardocci, president of Novelis Europe, told a Metal Bulletin conference in Paris that demand will reach 25 million tons by 2015, driven by "global megatrends." Asia will account for around half of the global aluminum rolled products market in the next five years, at over 12 million tons. These megatrends include population growth, a spreading distribution of wealth, tighter availability of essential resources like water and energy and a desire for a better environmental footprint, he said, and are underpinned by solid growth in key sectors like transportation, canstock and consumer electronics.
