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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Japan Metal Bulletin reported that Chinese government ordered detailed export declaration on metallic silicon in secondary aluminum alloy made by Chinese makers. A trading firm source said that Chinese makers increase the export offer by adding 15% tariff on metallic silicon recently.
White Aluminium Extrusion LLC, a JV between Masharie LLC, a private equity arm of Dubai Investments PJSC and White Aluminium Enterprises LLC, announced that it has received several industry recognitions including the ISO 9001:2008, Qualicoat and Jotun PE-SDF Approved Applicator Certification. Mr Khalfan Al Suwaidi MD of White Aluminum Extrusion LLC said that "We are immensely pleased to receive these coveted certifications which demonstrate our pursuit of continuous improvement and on going commitment to provide our customers assurance of product quality. Our success in achieving these goals reflects the tremendous dedication and teamwork of our employees and other key stakeholders." The certification was awarded for establishing and maintaining a highly effective and efficient Quality...
Mozambique’s exports are expect to increase over the next 2 years with greater sales of aluminum, coal, gas and agricultural products thus allowing for the country’s balance of trade deficit to contract in 2012. In its latest report on Mozambique, the EIU raised its projections for exports of Mozambican products from USD 3.4 billion to USD 3.6 billion this year, benefiting from the rise in price of raw materials on the international market. Projections for Mozambique’s exports, dominated by aluminum are positive. World demand for aluminum which in Mozambique is produced by Mozal, the country’s largest company is expected to see average growth of 5.7 percent per year over the next two years with prices rising sharply this year and falling slightly next year. Coal exports could make a...
Rio Alcan sees growing demand for its new lightweight aluminum-lithium alloy to be used in the Bombardier CSeries airliner and the much larger Airbus XWB. The company said its Dubuc Works in the Saguenay will get a $3-million investment to boost capacity of the alloy by 50 per cent. About 50 new jobs will be created to bring the plant’s payroll to 125. The alloy is used for fuselage, wings and tail fins and it has lower assembly and maintenance costs, greater resistance to corrosion and fatigue and is recyclable, Rio Alcan said. Alcoa Inc., the world leader in aluminum alloy aerospace products, last week announced an improved aluminum-lithium alloy designed for the new fuel-efficient airliners hitting the market in the next five or six years. Bombardier has said it switched to...
Japan Metal Bulletin reported that Chinese government ordered detailed export declaration on metallic silicon in secondary aluminum alloy made by Chinese makers. A trading firm source said that Chinese makers increase the export offer by adding 15% tariff on metallic silicon recently.
Jiangsu Alcha Aluminum (002160) filed it plans to issue 120 million shares for 12.69 yuan per share, raising as much as 1.5 billion yuan for an aluminum strip and foil factory with annual capacity of 250,000 tons, reports Shanghai Securities News. The project consists of casting, rolling, melting and casting lines, as well as a rolling facility and supplementary equipment, and wholly controlled subsidiary Baotou Alcha Northern Aluminum will manage it. The subsidiary was founded in 2011 with registered capital of 50 million yuan. Alcha’s latest project will require a construction period of 18 months and will add capacity of 100,000 tons of aluminum and aluminum alloy ingots, 100,000 tons of aluminum strip and 50,000 tons of air-conditioner foil. The aluminum alloy ingots and strip will be...
US automobile production has rebounded from the global recession and the combination of more cars being made and tighter fuel efficiency standards will mean greater use of aluminum. Mr Lloyd O’Carroll senior vice president and metals equity analyst for Davenport & Company said that an aluminum industry analyst said that Automobile production in the US rose 38% in 2010 and is up another 11% year to date. Mr O Carroll said that the firm projects production to rebound 13% in 2011 and 10% in 2012. Along with more cars and light trucks being created, the weighted average of pounds of aluminum used per car is growing with 332 pounds used in 2010. That figure is estimated to grow to 337 pounds in 2011 and 342 pounds in 2012. For comparison in 2006, the aluminum weighted average was 316 pounds....
Alcoa Inc. (AA) the largest U.S. aluminum producer was awarded a $1 billion multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products. As per the agreement, Alcoa’s products will be used in nearly all Airbus commercial aircraft programs including the fuselage panels, structural components and wing skins. Alcoa’s flat rolled products will be supplied from the company's plants in Davenport, Iowa, the United Kingdom and Russia. Earlier this month, Alcoa announced it had developed a new generation of alloys and technologies, which could lower the weight of airliners by up to 10% and improve fuel efficiency even more. Alcoa's new aluminum- or aluminum-lithium based alloys and advanced structural technologies use sheet, plate, forgings and hard alloy extrusion...
Until now, industry standard diecast 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. The 'aluCASE' series includes these features as standard. For example, it is not necessary to machine the lid section to fit a membrane keypad or product label, a 2 mm recess is already provided. Also lid retaining straps are included to avoid the need to fit external hinges. However, should hinges be required, standard models pre-fitted with integrated hinges are available. External mounting brackets are no longer required as the enclosures can be mounted on a wall or machine while still assembled. There is no need to remove the lid, thus avoiding any possible...
Engineering tutors and staff from Bahrain Polytechnic recently visited the Gulf Aluminium Rolling Mill Company (Garmco). This was the second time Garmco has hosted the Bahrain Polytechnic staff and afforded them the opportunity of seeing the plant in operation. The visit forms part of the Bahrain Polytechnic's policy of enhancing their relationship and cooperation with the industry keeping engineering tutors aware and up to date with the latest technologies used in the industry. Within every degree programme students and tutors at the Bahrain Polytechnic are required to involve themselves with the latest developments in different industries as part of their training and development programme to ensure their theoretical education is balanced with practical application. To this end, Bahrain...
White Aluminium Extrusion LLC, a joint venture between Masharie LLC, a private equity arm of Dubai Investments PJSC, and White Aluminium Enterprises LLC, announced it has received several industry recognitions including the ISO 9001:2008, Qualicoat and Jotun PE-SDF Approved Applicator Certification. Khalfan Al Suwaidi, Managing Director, White Aluminium Extrusion LLC, said, "We are immensely pleased to receive these coveted certifications, which demonstrate our pursuit of continuous improvement and on-going commitment to provide our customers assurance of product quality. Our success in achieving these goals reflects the tremendous dedication and teamwork of our employees and other key stakeholders." The certification was awarded for establishing and maintaining a highly effective and...
Kaiser Aluminum Corporation (Nasdaq:KALU) today announced it has reached agreement in principle with Airbus to supply aluminum plate and sheet for use in the production of commercial aircraft. The multi-year agreement is subject to definitive documentation, will commence upon the completion of the companies' existing supply agreement, and will extend Kaiser Aluminum's longstanding role as a major supplier of high quality semi-fabricated aluminum products to Airbus. "The commercial aerospace industry is poised for significant growth, and Airbus is positioned well to benefit from this strong demand," said Jack A Hockema, President, CEO and Chairman. "We are very pleased with the opportunity to continue as a strategic supplier of high-quality aluminum plate and sheet for their aerospace...
U.S. automobile production has rebounded from the global recession and the combination of more cars being made and tighter fuel efficiency standards will mean greater use of aluminum, said an aluminum industry analyst. Automobile production in the U.S. rose 38% in 2010 and is up another 11% year-to-date, said Lloyd O’Carroll, senior vice president and metals equity analyst for Davenport & Co. The firm projects production to rebound 13% in 2011 and 10% in 2012. Along with more cars and light trucks being created, the weighted average of pounds of aluminum used per car is growing, with 332 pounds used in 2010. That figure is estimated to grow to 337 pounds in 2011 and 342 pounds in 2012, O’Carroll said. For comparison, in 2006, the aluminum weighted average was 316 pounds. The rising use of...
Accuride Corp. has acquired Forgitron Technologies, a forged aluminum wheel maker based in Camden, S.C. The deal with owner Kamylon Capital gives Accuride an 80,000-square-foot forged aluminum wheel manufacturing plant, which will be converted to the production of Accuride-branded aluminum truck wheels. “This acquisition strengthens our core product offering by increasing our aluminum wheel capacity, giving us a close-to-customer production presence in the Southeast, and affording greater flexibility to balance production between three aluminum wheel plants,” stated Rick Dauch, Accuride president and CEO. The addition of the Camden plant will augment Accuride capacity increase plans for its Erie, Pa., plant and the addition of aluminum wheel production at its Monterrey, Mexico, facility.
Universal Molding Extrusion Company (UMEX) based in Downey, Calif., has purchased the assets of International Aluminum Corp., which filed Chapter 7 bankruptcy last month. Glenn Brown, who works in sales for UMEX, told USGNN.com™ it was his understanding that the company had purchased all assets of International Aluminum. He said his company is primarily focused on extrusion and roll forming and was most interested in the Waxahachie, Texas, location. He also said that UMEX had hired some of the company’s former sales staff. Stay tuned to USGNN.com for more updates as they are made available.
Apollo Global Management LLC has put Alcan International Network up for sale following its acquisition of Alcan’s engineered products business. A source familiar with the matter said that it’s going to be sold again. The private equity firm is believed to have received about five expressions of interest for AIN. The potential suitors are from the financial community rather than from the metals sector. AIN is part of the engineered products division, in which Apollo acquired a majority stake in January and which it has since renamed Constellium. A sale would be logical as the business does not fit into Constellium’s strategy, market sources said. Under the new ownership, AIN does not have an exclusive supply or sales agreement with Constellium. Source said that’s something that I would...
Alcoa announced that effective July 1st 2011, the Company’s Asia Pacific regional headquarters will report to Alcoa’s Business Excellence and Corporate Strategy organization part of an initiative to support the expanding footprint of Alcoa’s three business groups in the fast growing and strategically important Chinese market. As part of this initiative, Mr Jinya Chen president of Asia Pacific Regional was elected a VP of Alcoa by the Company’s Board of Directors. While continuing to lead the region, Chen will report to Mr Kay Meggers VP of Corporate Initiatives and will have overall accountability for Alcoa’s China strategy. The Company also announced that Mr Jiming Zhu will join Alcoa as President, China Rolled Products with responsibility for managing all of Alcoa’s Global Rolled...
Japan's spot demand for ADC12 aluminum alloy picked up this week ahead of automotive output recovering to 80-100% rates next month, market sources said Tuesday. The plant run rates over April-June slumped to 40-70% of the levels before the March 11 earthquake, but automakers are aiming for 80-100% run rates over July-September. Each vehicle components maker is recovering at a different pace depending on car sales. A transmission components maker for passenger vehicles, located in Aichi prefecture, said his run rate was lower at 70-80% this month but will be raised to 80-90% next month, while an engine components maker said his plant run rate was higher now. A motorcycle manufacturer has returned to full rates this month and issued a purchase tender for 3,200 mt of ADC12 last week -- the...
