This week, the operating rate of major aluminium processors in China remained stable with a slight overall rebound, rising 0.1 per cent month-on-month. Performance was mixed across sectors, as the industry continues a moderate recovery trend. The operating rate for primary aluminium alloys climbed 0.6 percentage points to 61.4 per cent, driven by improved order volume and year-end momentum from automakers to meet their annual targets, with a positive short-term outlook. The operating rate for aluminium wire and cable rose 0.4 percentage points to 64.8 per cent, supported by recovering photovoltaic demand and restored margins, although the sustainability of the upward trend remains to be seen. The operating rate for secondary aluminium rebounded 0.6 percentage points to 53.9 per cent, with...
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...
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Performance of CHINA ZHONGWANG (01333.HK) with help of Chinese market helped it gradually cope with the downturn from America’s antidumping and countervailing investigation. Lu Changqing, executive director and vice president of CHINA ZHONGWANG said,that since the group will increase high-end products proportion, especially series 2.4.5 and 7 aluminum alloy profiles,H2 group gross margin rate will continue to pick up. Meanwhile, they will establish deep processing technology team to elevate group gross margin rate. Also, CHINA ZHONGWANG will enlarge export proportion, and not give up America market which has large development space. During H1, the group’s orders reached 180 thousand ton, while the annual order was about 400 thousand ton. Now, CHINA ZHONGWANG and General Motors Corporation...
An impressive innovation has shifted the limits of welding still further: Whereas steel and aluminium were once thought to be incapable of thermal joining, this is now perfectly feasible in actual practice. The revolutionary solution has made the visions of material experts, design engineers and production engineers come true. Not to mention the long-held wish of automobile industry managers for dependable high load thermal joins between solid steel and lightweight aluminium as required by the loading sequence in the component. This is particularly advantageous for the automobile industry faced as it is with the need to reduce vehicle weight and to meet the EU emissions limit of 130 gram per kilometres CO2 by 2012. In other sectors too ranging from designer objects to factory roofs to...
It is reported that Sequoia Capital India has picked up an additional 1.46% stake in packaging firm Ess Dee Aluminium Ltd from the open market. The venture and growth capital investor has now increased its stake to over 6.3% in the Mumbai based Ess Dee which makes packaging materials used by pharmaceutical companies.
Netherlands-based Vimetco NV (VICO.LN) Friday reported a 6% year-on-year rise in aluminum production in the first half of 2011. The company, which has an annual aluminum production capacity across its assets of 1.1 million tons, reported a 32% year-on-year increase in processed aluminum production, from 62,000 tons to 81,600 tons.
One of the world’s leading packaging product suppliers, Crown has planned to continue its business expansion in China to support a strong market growth. The company will construct two new aluminum beverage can production facilities and will add a second production line to a facility that is under construction. The new plants will be built in Changchun, Northeastern China and Zhengzhou, Central China. Each facility is expected to initially produce 720 million of two-piece aluminum beverage cans per year. The Changchun facility is expected to commence operation in the third quarter of 2013 and will manufacture 50 cl and 33 cl cans. The Zhengzhou facility will manufacture 33 cl aluminum beverage cans and will begin operation by the initial quarter of 2013. In addition, the company will add...
Maan Aluminium Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 21, 2011 to September 29, 2011 for the purpose of Payment of Dividend & 8th Annual General Meeting (AGM) of the Company to be held on September 30, 2011.
Vimetco, the producer of primary and processed aluminium products, has announced interim financial results for the six months ended 30 June 2011 showing sales for the period were USD 1,382 million (H1 2010: USD 1,100 million), up 25%. The increase was mainly determined by higher aluminium prices, improved demand and the increase in output for high added value products.
The board of Bhoruka Aluminium in its meeting on 26 August 2011 has approved the issue and allotment of 12,87,000 equity shares of Rs. 10 each upon conversion of equivalent number of warrants issued on preferential basis to the persons in promoter group. Further, the board has approved the issue of bonus shares in the ratio of 1 share for every 1 share held as on the record date, subject to approval of shareholders.
Quanex Building Product Corp.'s (NX) fiscal third-quarter profit fell 12% on higher costs and acquisition-related impacts, masking net sales growth that exceeded analysts' expectations. They are the sellers of aluminum and products like window screens.
A company announces plans to add jobs in Menomonie. On Thursday, 3M announced a nearly $29 million expansion to its ACCR aluminum transmission conductor line. The company says there's high demand for the product, which is used to upgrade power lines. "If you have a transmission line that's constrained and you need to put more power through it, you can replace the existing conductor with wire, without building a new transmission line, without rebuilding the towers or disrupting the environment and double the existing capacity of that transmission line," says Tim Koenig, 3M High Capacity Conductor Program Director. 3M has a year worth of orders for the product from across the globe. To meet the demand they're doubling production, a move that could add 25 new jobs.
Japanese shipments of aluminium products fell 4.8 percent in July from a year earlier to 170,916 tonnes, industry data showed on Friday, falling year-on-year for the second month in a row as the impact from the March earthquake was still felt. The data provided by the Japan Aluminium Association showed that July shipments fell 4.2 percent from 178,452 tonnes in June, falling month-on-month for the first time in three months.
Aluminium Company of Malaysia Bhd (Alcom) is investing RM16 million to upgrade its factory to churn out products that can fetch higher margins like cap-stock, lacquered foil and composite panels, said managing director Sachin Satpute. Alcom is the largest maker of rolled aluminium products in Malaysia. It operates from a sheet and foil plant at Bukit Raja, Klang. Its unit Alcom Nikkei Specialty Coatings Sdn Bhd makes coated finstock, a component in air-conditioners, at the same site.
Benteler Aluminium Systems Michigan Inc. is looking to add more jobs in Holland. The Holland plant, 365 W. 24th St., has filed an application for tax abatement which could create 67 new jobs and retain the 138 existing jobs at the company. The abatement is for about $7.2 million and will be voted on at the Sept. 7 Holland City Council meeting. “We are in the middle of launching several new programs,” said Elena Sgroia, finance manager at Benteler. “It will generate more jobs. We are in the process of launching bumpers for the Nissan Pathfinder. That is the main driver for our business.”
Sheet producer Nichols Aluminum, a subsidiary of Quanex Building Products, has bought a Vortex Jet Heating coil annealing furnace for processing aluminium sheet at its Lincolnshire, Illinois plant. The furnace, which incorporates Seco/Warwick’s Vortex jet nozzle system, will increase the plant’s efficiency and productivity.
Demand for Novelis Inc's [NVLX.UL] aluminum products is growing globally, with consumption ranging from very strong in Asia to up -- if a bit less than forecast -- in the United States, despite some investors' fears that the economy may be slipping into recession. In a recent interview, Chief Executive Officer Phil Martens told Reuters he expects the uptrend to continue.
Official of Southwest Aluminum said at present “we actively carry out effective management mould to create a first-world aluminum processing enterprise by strictly corresponding to the requirement of fine profit management and energy conservation”. Southwest Aluminum is Chinese largest comprehensive aluminum processing enterprise in perspective of its scale, advanced equipment and technology and products. It further enhances and enlarges its productive managerial efficiency gained in the past.
According to Luoyang Customs, Luoyang aluminum profile exportation has recovered to grow during the first seven months. Its aluminum profile exportation reaches 17,000 ton up by 2.2% over the same period last year and exportation revenue reaches 51.21 million Yuan rising by 17.5% year-on-year. Luoyang aluminum profile mainly exports to U.S., South Korea, United Arab Emirates, Brazil and European Union etc. Due to the financial crisis, its aluminum profile exportation has dropped deeply at the end of 2008. After its nadir on March, 2009, exportation appears slow increasing. Though Luoyang aluminum profile exportation remains stable during the previous seven months , its scale has not yet reached the level before financial crisis took place.
Shandong Nanshan Aluminum orders fourteen aluminum extrusions in one time from German SMS Meer. These aluminum extrusions from 11MN to 150MN are said to go into operation since December, 2011. It is unprecedented not only in Chinese aluminum industry but also in the world since the recent 50 years by absorbing so many first class extrusions in one time.
