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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Kaiser Aluminum Corp.’s Kalamazoo, Mich., extrusion plant has had a slower-than-expected start. Kaiser Aluminum Corp.’s Kalamazoo, Mich., extrusion plant has had a slower-than-expected start. "There are a lot of uncertainties as we go through a startup," Jack Hockema, chairman, president and chief executive officer, said during Kaiser’s second-quarter earnings conference call. "It’s starting up slower than we expected.
Park-Ohio Holdings Corp. (NASDAQ: PKOH), through its subsidiaries, engages in the industrial supply chain logistics and diversified manufacturing business in the United States, Asia, Canada, Mexico, and Europe. The company operates in three segments: Supply Technologies, Aluminum Products, and Manufactured Products. The Aluminum Products segment casts and machines aluminum engine, transmission, brake, suspension, and other components for automotive, agricultural and construction equipment, heavy-duty trucks, and marine equipment OEMs. It provides front engine covers, cooling modules, control arms, knuckles, pump housings, clutch retainers and pistons, master cylinders, pinion housings, oil pans, and flywheel spacers; and design engineering, machining, and part assembly services. This...
DecoWood timber-look aluminium cladding, available from Decorative Imaging , has recently been selected for use in a number of large-scale projects on the Gold Coast. The wood grain finish on aluminium is popular in marine environments such as the Gold Coast due to its durability in harsh conditions such as high UV radiation and salt spray.
Hulamin’s interim results to June could have been brilliant. Setting the scene were two key props : sharply higher production and lower costs. Spoiling the show , as it has done for over two years, was a strengthening rand, which prevented the aluminium product manufacturer from performing anywhere near its potential. At first glance Hulamin’s interim results are more than respectable, with its headline EPS doubling compared with the first half of 2009/2010 to 22c. But a big portion of the rise was due to the receipt of a R26m (after tax) insurance settlement which, if excluded, leaves EPS at 14c, only a 27% increase. Compared with the second half of 2009/2010, EPS were down 6,7%. The strong rand largely offset the benefits of a 22% rise in production and sales of key rolled aluminium...
Ball Corporation (BLL - Analyst Report) reported its reported second-quarter 2011 adjusted earnings of 85 cents per share, in line with the Zacks Consensus Estimate. Results comfortably beat the year ago earnings of 69 cents. Adjusted earnings were $145.1 million, up 13% from $128.8 million in second-quarter 2010. Solid demand for packaging in China and Europe, strong aerospace program performance and favorable effect of expansion into extruded aluminum packaging led the company to post a solid second quarter.
China’s Hebei Lizhong Wheel Group is to increase its aluminium wheel capacity to 13.6M/y by 2015, from 9.7 million units now.
The Aluminium Rolling Mill Company, owned by Takamul Investment Company laid the foundation stone for its facility in Sohar Industrial Estate.
Titagarh Wagons Ltd’s proposed joint venture with FreightCar America Inc has suffered a setback with the Indian Railways rejecting the design prototype of aluminium wagons developed by the parties. Titagarh’s another plan to set up a joint venture initiative with a Japanese company to make bridges, however, may see some concrete development soon despite uncertainties in the wake of the twin disaster of earthquake and tsunami suffered by the island nation sometime back.
Tatas, Birlas fight for share of luxury auto market Tata’s steel and Birla’s aluminum are vying for supremacy over the global can and luxury auto space, in a fight that is only going to get more heated. As we speak, two giants are girding up for what is slated to be a major confrontation over lucrative chunks of businesses that neither party can afford to ignore anymore. What’s more, they have already drawn up plans to mount incursions into each other’s territories, hoping to come away with valuable bounties. As Indians and Chinese guzzle more sodas and Europe increases its consumption of high-end luxury sedans, two behemoths of Indian industry—Tata Steel and Birla Group’s flagship firm Hindalco, along with their global group companies—are poised to duke it out over the valuable can and...
Noranda Aluminum Holding Corp. is considering spending as much as $100 million on expansions that could add incremental capacity at its flat-rolling operations and double rod output. He emphasized that the projects are still in the evaluation stage, and some might not come to fruition.
An investment by Novelis in a New York plant will not affect the Kingston facility, the company says. Belbin said the Kingston plant is part of the company's North American production system. He said the plant is currently working at full capacity. In Kingston, about 250 people work at the Novelis manufacturing plant and another 85 at a research and development centre. Staffing levels were reduced from about 100 but the Kingston office remains one of Novelis' seven research centres.
Kaiser Aluminum Corporation is to supply Airbus aluminium plate and sheet for use in the production of commercial aircraft. The multi-year agreement will extend Kaiser’s role as a major supplier of semi-fabricated products to Airbus.
Luoyang Longding Aluminium has put into production phase-1 of its 600kt/y sheet, strip and foil project. Located in Yichuan, Henan Province, the project is co-funded by Jiangsu Dingsheng Aluminium Co and Luoyang Longhai Investment Co. Phase-1 has a designed capacity of 250kt/y and is expected to reach full capacity in October this year. Total investment in the project is RMB4.2bn ($650M).
European demand for rolled and extruded aluminium products is expected to see a seasonal slowdown in the third quarter, Norwegian aluminium producer Hydro said Tuesday. Market demand for rolled products in Q3 "is expected to decline due to seasonality," Hydro said in its second-quarter results statement.
Novelis, a provider of aluminum automotive sheet, will invest $200m to expand its operations in Oswego, New York, to meet the demand for aluminum sheet for the auto industry in the US. The company said that the expansion will allow the Oswego plant to produce 200,000 tons more aluminum sheet, five times of its North America capacity.
German aluminum output of 428,369 tonnes between January and May was up 5.3% from the same period a year earlier. Mr Christian Wellner MD of GDA said that "The outlook for aluminum remains optimistic because customer industries are also continuing to develop positively. Germany's aluminum industry is confident that production growth will continue in the H2 of 2011. Production of aluminum products is also rising. Output of rolled products increased by about 4.3% to 814,637 tonnes. Extrusion press producers raised output by 11.8% to 255,847 tonnes.
Novelis will invest $200M to expand its rolling operations in Oswego, NY. It said it was in response to demand for aluminium sheet in the USA. The expansion will result in a capacity increase of 200kt/y, five times the company’s North America capacity for producing sheet for the automotive industry. Novelis will construct two processing lines for automotive applications. The Oswego facility is an integrated recycling, hot rolling and cold rolling complex producing sheet for the beverage can, automotive and building construction industries.
In aluminium, Antaike has reported that the construction of affordable housing has boosted demand for Aluminium profiles, resulting in rising utilisation rates of semis producers in Guangdong province.
