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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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.
Novelis, the world’s largest producer of rolled aluminum, today announced the opening of a new office in the Shanghai World Financial Center to expand the company’s presence in Asia. To lead the company’s business development in China, Novelis has appointed James Liu as Managing Director, Novelis China, and Director, Sales and Marketing, Automotive Asia. Liu will lead Novelis’ expansion plans in China in alignment with the company’s long term growth strategy for Asia. In his sales and marketing role, Liu will drive the execution of major automotive growth opportunities for Novelis in China and Korea. “Aluminum has been growing at a much faster pace than other comparable materials,” said Philip Martens, President and CEO of Novelis.”As global urbanization and income continues to accelerate...
American Douglas Metals (ADM), leader in metal distribution, processing and fabrication and one of the largest suppliers of light-gauge high reflective painted aluminum sheet and coil to the lighting industry, expands their lighting fixture metals product line in efforts to help lighting manufacturers capitalize on their products of high energy efficiency. Manufacturers have realized the use of highly reflective aluminum materials are a sustainable approach to today’s green movement. Furthermore, the use of these materials is increasing fixture efficiencies by up to 30%. The combination of energy efficient lamps and ballasts will result in energy savings of up to 70% when compared to standard troffer fixtures. As more and more lighting manufacturers are taking additional steps to increase...
Aluminum extruder and sheetmaker Sapa expects "business as usual" and is planning no change in strategy or ownership in the near term, following the announcement last week of a change in leadership, new President and CEO Svein-Rore Holsether told Platts Thursday. Holsether replaced Tim Stubbs as CEO effective September 2. Stubbs has assumed a new position at investment company Sun Capital in London. Sun Capital owned Indalex, where Stubbs was CEO, before Sapa bought the company in 2009.
French aluminium products maker Constellium has not seen an order drop from the increasingly uncertain economic climate, but it expects zero to negative growth in some of its business segments for the remainder of the year, and there are question marks over 2012, its chief executive said on Thursday.
Although exports to the US have been severely hurt by anti-dumping measures on aluminum products, the company said its plan to shift focus to the mainland is starting to bear fruit. In August, China Zhongwang Holdings Ltd, Asia's largest manufacturer of industrial aluminum extrusion parts, reported that the group's net profit for the six months ended June 30, 2011 declined by 80 percent this year to 412 million yuan ($64.5 million) from 2.1 billion a year earlier. This followed the publication of its 2010 full-year results in March whereby net profits declined 26 percent year-on-year. Zhongwang, which had previously been heavily dependent on the US market, basically halted its exports to that country after the American authorities initiated an anti-dumping and countervailing duties...
Car maker PSA Peugeot Citroen is considering partnerships with aluminium suppliers as it tries to produce lighter vehicles, its top executive said? Aluminium could potentially allow the bulk of a 200 kilo cut in vehicle weight being targeted by Peugeot but relatively high costs for the metal were a barrier, Philippe Varin, Peugeot's managing board chairman, told the Metal Bulletin aluminium conference in Paris. "The larger use of aluminium in our cars can only be achieved if we manage to build global and mutually beneficial partnerships," he said. "We are definitely considering entering into strategic supply relationships with some suppliers," he said, adding his group was also looking at plastics and composites.
China Zhongwang has been taking effective measures to deal with its heavy task for aluminum plates production and profile processing. The welding process of aluminum plates is very complex. China Zhongwang adopts two-shift production mode so as to guarantee the full operation of all welding machine. In the manufacturing process, the plant pays much attention to the quality of products. Currently, China Zhongwang has established a specialized technical team to extend the deep processing technology in order to meet customers’ needs as well as to create a new economic growth point. Besides, Zhongwang has also newly brought in two welding robots to meet the needs of high-precision welding. One of the robots has begun its installation.
Airbus SAS, the world’s biggest commercial planemaker, expects to buy 5 percent to 10 percent more aluminum in 2012 on strong demand for aircraft, said Elmar Luetjen, the company’s head of procurement, materials aluminum. “Next year we are absolutely confident in our demand planning,” Luetjen said in an interview at a Metal Bulletin conference in Paris. “For the years to come, we have a strong order book.” Toulouse, France-based Airbus hasn’t been affected by supply issues, Luetjen said.
It is reported that Shandong Nanshan Aluminum plans to finish the construction of aluminum extrusion production line before December, which is located in Indiana, America. This production line is expected to be put into production in February next year. These equipments value $0.1 billion and will be applied in the production of high-end aluminum extrusion profiles, such as buses, automobiles, distribution system, industry and electricity,and also includes the automobile body material of high-speed rail. According to China Daily, the annual capacity of this production line could reach 40000tons, operated by Nanshan (America) Advanced Aluminum Technology Company.
World leading aluminum bicycle rim manufacturer Alex Global Technology revealed plans to use the cross-strait Economic Cooperation Framework Agreement (ECFA) to build its business empire in Tainan City, southern Taiwan in a special interview with CNA reporters on Sept 1. This company is determined to stay in the country. Asked if the company has benefited from the inclusion of 17 bicycle components and products in ECFA's early harvest list that took effect in January 2011, Morris Wu, special assistant to the company president, said "definitely." As a result, the company is shifting its main export market from the United States and Europe to China and expanding its presence there by setting up 36 shops to market bicycle components and establishing eight provincial offices to help market...
After several times of debugging, Henan Hengmei Aluminum Industry Co., Ltd put vertical spraying line into production. This kind of vertical spraying line with high production efficiency and output, low production cost and smaller floor area, apply to mass spraying production of aluminum profiles. Vertical spraying line owns a good deal of advantages, such as advanced technical skill, economy production cost and smaller floor area, to improve production environment and labour hygiene conditions. The operation of vertical production line improves the company’s market competitiveness, lays a solid foundation for high efficiency production, scale and help to create a broader market network.
NALCO, whose tenders serve as a global benchmark, last sold 1,500 tonnes of aluminium billets in July to an Australian firm at $150 per tonne premium over the average LME cash price.
Norwegian aluminum producer Hydro is breaking ground for a new extrusion press in Suzhou to help satisfy the growing local demand of high-value extruded aluminium products and solutions. Hydro expects to have around 600 employees in Suzhou when the new presses are brought into full production, which would make the site one of its larger extrusion-based locations in the world. Hydro's NOK 315 million investment covers two new extrusion presses, including installation, building and construction, and auxiliary equipment. One of the new lines will be dedicated to heat transfer components and systems, while the other will be directed toward industrial customers who require added value services such as fabrication – the higher-end building and construction segment is an example.
Barnes Group Inc.(NYSE:B) percentage change grew 1.18%, to close at $21.44 and its overall traded volume was 972,509.00 shares in the last trading session. B shares were trading within the range of $20.42-$21.51 while its opening price was $20.53. The 52-week range of the stock is $15.99 – $25.85. B’s market capitalization is $1.19B and it has 55.64M outstanding shares.Barnes Group Inc. (Barnes Group) is an international logistical services company, and aerospace and industrial components manufacturer serving a range of end markets and customers. The products and services provided by Barnes Group are critical components for applications that provide transportation, communication, manufacturing and technology to the world. The Company operates in two business segments: Logistics and...
A new contract has been signed between Gulf Aluminium Rolling Mill Company (GARMCO) and REDEX in early May 2011 to supply a modern high performance Tension Leveling Line for aluminium strip, including the complete design, manufacture and commissioning at GARMCO´s plant (Manama - Bahrain). As one of the major parts of GARMCO's ambitious investment program, this REDEX Tension Leveling Line is intended to improve the global plant capacity and to ensure the highest level of quality, especially in terms of flatness and cleanliness, for aluminium strip from 0.25 to 3.2 mm thickness. With one hot rolling mill and two cold rolling mills in operation, GARMCO is a leading producer of rolled aluminium products in the Gulf region. The company has a combined capacity over 165 000 tonnes per year.
Multi key aluminium programs of Anhui Meixin Aluminium Industry Co., Ltd, Hui Yuan Aluminium Industry Co., Ltd and Keda Aluminium Industry Co., Ltd are starting work at Suixi Development Zone. The total investment reaches 1.57 billion Yuan, production value could reach 5 billion Yuan after finish.With more and more aluminium processing projects taking shape apart from existing ones,,Suixi Modern Aluminium Base New Material Industrial Park has been taking a new shape. In order to attract more aluminum industry processing programs in Suixi,several investment explanation meetings and symposiums on this program are being held. Now the place has the ability to process 100 thousand tons of different kinds of aluminum profiles per year, production value expected to reach over 2 billion Yuan in...
Automakers are accelerating their shift to aluminum away from other materials for new car and light truck construction, as they seek to safely and cost-effectively lower the weight of vehicles according to a new survey of North American automakers conducted by Ducker Worldwide. The survey of automakers indicates that since lighter vehicles get better fuel economy with fewer emissions, aluminum is already the leading material in the engine and wheel markets and is fast-gaining market share in hoods, trunks and doors. The survey estimates automakers will increase their use of aluminum from 327 pounds in 2009 to 550 pounds in 2025. The also shows continued growth in automaker's overall use of aluminum reaches an all-time high of 343 pounds per vehicle in 2012 - up five percent from 327...
