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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Rolec’s die-cast aluminium enclosures have been designed to simplify customisation requirements. Typically, industry-standard die-cast enclosures would require additional machining and reworking in order to mount electronic or electrical components such as keypads, and accessories such as hinges, locks wall brackets, etc.
Kaiser Aluminum Corporation (Nasdaq: KALU) today announced it has commenced expansion of its Kaiser Alexco hard alloy aerospace extrusion facility in Chandler, Arizona. The investment of approximately $11 million is expected to be completed by year end and will provide additional extrusion and heat treat capacity to meet growing demand for these products in the marketplace.
Hawkins Cooker has entered into long term agreement with a leading aluminium producer in India. The purchase quantity is significantly higher than what they did last year, says Basant Maheshwari, Investor & Founder, TheEquityDesk.com. Maheshwari told CNBC-TV18, "Hawkins is a commoditized business many would say but what is happening is they sell their pressure cooker at Rs 850 on an average whereas the unorganized segments sells at Rs 350. So as the market shifts because of breakup of joint family system, higher disposable income, earlier you had just one cooker in your room, now you have five cookers of different sizes. There is a cookware brand - the Futura which is growing even faster. So what happens is - over a period of time these companies like Hawkins implies about Rs 60-65 crore...
Orkla also said it would raise prices on consumer goods to improve declining margins, and repeated that as a financial investor in struggling solar equipment maker Renewable Energy Corp (REC) REC.OL> it would only sell down its 39.7 percent stake at the right price. "We do not see that the current share price is at a level we think is correct. So, that means that we continue to work through REC with improving the business, and see how it is best to increase the value for REC shareholders," chief executive Bjoern Wiggen told a news conference. Orkla, whose activities span pickled herring, pralines, socks and metals, sold its Elkem unit's silicon operations to China National BlueStar for $2 billion earlier this year and aims to further streamline its business. It failed to grab the...
Sumitomo Electric Industries (SEI) is a Japanese company that has developed porous aluminum which can potentially boost the efficiency of electric vehicles (EVs) by over 300%. SEI manufactures electric cables, wires and optic-fiber cable. The porous aluminum developed by SEI can be combined with Lithium Ion Batteries to boost their efficiencies by over 3 times. Aluminum Celmet’s 3D structure is capable of forming structure with pores which can increase the efficiency by over 300%. Celmet has 80% more pores than any conventional pores material.
The flurry of new airliner orders in the first half of 2011, coupled with rising demand from other industries, has proved to be a boon to aluminum suppliers like Alcoa, which more than doubled its second quarter earnings in results announced on July 11. But subsequent stock market reaction, which saw Alcoa stock fall the next day, revealed how volatile the commodities sector can be. Analysts interpreted a recent dip in aluminum prices as indicative that a period of high demand might be coming to an end. Alcoa doesn’t think so. “Although the economic recovery is uneven, the overall outlook for Alcoa–and for aluminum–remains positive,” commented Klaus Kleinfeld, chairman and CEO of the U.S. group. “Demand for aluminum continues to rise and so does growth in our major markets. These factors...
Kaiser Aluminum Corporation announced that it has reached agreement in principle with Airbus to supply aluminum plate and sheet for use in the production of commercial aircraft.
Alcoa's focus on pushing its light, yet strong aluminum products as the natural substitute for heavier metals across industries from construction to automobiles and aerospace has substantially helped the company as the flat-rolled products division and the engineered products division reporting record income numbers over this quarter. The engineered products & solutions division reported $1.37 billion in revenues, EBITDA margins of 19% in the quarter and after tax operating income (ATOI) of $149 million (15% growth sequentially.) The flat-rolled products division, which produces and sells aluminum plates, sheets and foils, reported revenues of $2.1 billion in the quarter and an ATOI of just under $100 million for the quarter. The division's strong growth has been supported by increased...
Alcoa ( AA ) recently announced its performance for the second quarter of 2011. While the company grew its top-line by more than 11% over the figure in Q1 2011 to reach $6.6 billion, the net income also grew over the period by about 6% to settle at $326 million. Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina, and its competitors include Rusal, Rio Tinto ( RIO ), BHP Billiton ( BHP ) and Chalco ( ACH ). We maintain a $19.50 price estimate for Alcoa , roughly 20% above the stock's market price.
Alcoa, a manufacturer of primary and fabricated aluminum, is enhancing the environmental performance and energy efficacy of its alumina refinery located in San Ciprian, Spain, by shifting to natural gas from fuel oil. The company has set up liquefied natural gas storage tanks at the alumina complex. The San Ciprian alumina complex features an alumina facility, a major aluminum plant and other common service amenities. It produces 1.5 million tons of alumina and 250,000 tons of aluminum annually.
Back in May (2011), Dan Power ran a couple of blurbs on Armor Report about Kryron Terminator aluminum alloy ballistic armor (body armor and vehicle armor), which was developed by Bourque Industries. Kryron reportedly recently “showed major improvement over earlier test results with the ability to deflect several 0.50 caliber armor piercing rounds with a lightweight armor plate designed for personal body armor. The positive results were achieved with weight savings over the present industry-standard personal protection armor plates,” according to a Beacon Equity Research story. According to a company press release, a Kryron Terminator ballistic armor plate (hard armor plate) showed some impressive multi-hit capability when “a Terminator Fat Boy plate was shot multiple times with .50...
Amcor Flexibles Europe & Americas, a division of Amcor and a supplier of flexible packaging has invested EUR 6.7 million to expand and upgrade its Singen converting facility in Germany to meet the requirements of the pharmaceutical industry. The investment will extend the production capacity for pharmaceutical packaging. Singen is an aluminum foil rolling and converting plant that features integrated mills. It delivers superior quality aluminum-based packaging materials to the food and pharmaceutical customers across the globe.
Aleris declared that it has inked 5 year deal with Airbus at the Paris Air Show to supply a wide range of aluminum alloy sheets and plates for Airbus’ worldwide programs. Aleris will manufacture the required products at its modern facilities in Duffel, Belgium and Koblenz, Germany where sophisticated manufacturing technologies are used to produce aircraft sheet. The company will produce plates at its new plate mill being constructed in China. The mill construction is scheduled for completion at the end of 2012.
Kang Sheng announced that the company has signed “Investment Promotion Agreement” with Anhui Jin An economic zone administration committee. It plans to build a production base in Anhui Jin An economic zone administration committee, and the total investment will be one billion.
Police have arrested five men including two teenagers yesterday and retrieved 275 pieces of aluminium magazines worth RM33,000 that were reported to be stolen from a factory in Jalan Batu Maung here, on Wednesday. Barat Daya district deputy police chief, DSP Lai Fah Him said the men, aged between 16 and 43 years, were arrested around Batu Maung. "The factory management had lodged a police report on the stolen aluminium magazines used to assemble car audio systems on Wednesday and the police have arrested a teenager to help investigation into the case," he told a press conference here, today. He said that preliminary investigation showed that the school dropout and his three other friends, who are still at large, had climbed the wall of a storeroom and cut the fence behind the factory....
Building and engineering products firm Alumasc Group Plc said it expects full-year profit to be below its expectations, as margins in its building products division were significantly lower than expected, hurt by rising input costs. Steel costs rose 20 percent towards the end of the financial year in the group's construction products business and profitability was hit further by an increase in the proportion of lower margin export sales. However, strong group order book at Alumasc Precision, which supplies aluminium and zinc components to automotive and industrial sectors, will help the company continue to make steady progress in the coming year. Group revenues are expected to be in line with expectations and underlying profit will be ahead of last year. Shares of the company closed at...
The Armenian-Russian ARMENAL foil-rolling plant in Yerevan said today it plans to increase output of foil by 7% this year to more than 26,000 tons. ArmenAl, part of RUSAL, the world's largest aluminium and alumina producer, said in a statement it has committed to achieve new goals as its staff marked a professional holiday- the Day of Metallurgist. "In 2011 we plan to increase production of foil by 7% for the first time and exceed the level of 26,000 tons. The share of defective output will be brought down to 3%. We will also optimize the technology for production of foil with a thickness less than 9 microns, and we will also have our quality management system certified to seek compliance with international standard ISO 9001:2008. Also an upgraded foil furnace Seco /Warwick will be...
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced that its Board of Directors has declared a quarterly cash dividend payment of $0.24 per share on the Company's outstanding common stock. The dividend will be payable on August 15, 2011 to shareholders of record at the close of business on July 25, 2011. Company Description 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. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality,...
