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...
Grow with
AL Circle
...It’s a little known fact that this simple kitchen product has a Dickensian dark side. So as you serve your guests canned beverages, “tent” your turkey, cover the yams, or wrap leftovers at the end of the party, keep in mind that the aluminum foil you’re using has its roots in a dirty industry – one that frankly deserves a lump of coal in its stocking for how it’s mistreating the planet...
...surged 0.81% to $14.89. Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined...
...HOLDEN may use expensive aluminium panels to get fuel use of its Commodore down to a figure that would put many mid-sized cars to shame...
...Jiangsu Alcha Aluminum’s (002160) parent, Changshu Aluminum Foil Factory, cut its holdings in the listed company by 1.01 million shares, or a 0.6 percent stake, on December 22, reports China Securities Journal, citing a company filing...
...Novelis has announced that it is closing its aluminum foil rolling activities at its Bridgnorth, England site by the end of April 2011. In a press announcement, Novelis also says that it will close part of the packaging business on the same site by April 2011...
...In 2007, China North International (000,065, stock) Company signed a supply contract of locomotive with total amount of 424.5 million euros. China North International Company supplied 38 electric locomotives, 160 double-decker buses and 65 metro cars. The shipped aluminum subway cars were the major products under the contract and boasted intellectual property rights...
...The government said Friday that the book value of state aluminum producer PT Inalum would be US$1.2 billion by 2013. Finance Ministry state assets director Arif Baharuddin said the government would take over Inalum for a price based on the company’s book value after its current operation contract expires...
...N K MINDA Group, the USD 380 mn technology leader in Auto Components Industry, and Kosei Aluminum Co., Ltd., a leading manufacturer of Alloy Wheels in Japan, today announced the formation of a Joint Venture (JV)...
...Mr Robert P Strieter vice president, health, environment & safety announced his retirement effective March 1st 2011. An environmental scientist by training, Mr Bob displayed tremendous skill in managing environmental issues for the Aluminum Association...
...With the new aluminum cold rolling mill, Northeast Light Alloy Co Ltd China is entering modern production of high quality aluminum strip products...
...Novelis Inc., the Canadian subsidiary of Hindalco Industries, plans to increase its flat-rolled aluminium capacity in Brazil by 20 per cent to 2.5 lakh tonnes by 2014 on the back of strong demand in the Asian region...
...Hindalco Industries, an Aditya Birla Group company, will receive a dividend (return of capital) of $1.7 billion (Rs 7,650 crore) from its Canadian subsidiary Novelis Inc which recently announced plans to raise $4 billion (18,000 crore) through debt. Hindalco acquired Novelis in 2007 for $6 billion (Rs 27,000 crore)...
...Nanjing Yunhai Special Metals (002182) expects 2010 net profit attributable to shareholders to surge by between 460 percent and 510 percent year-on-year to 28-31 million yuan, reports Securities Daily, citing a company filing...
...The Aditya Birla Group’s flagship firm is set to receive about $1.7 billion or `7,660 crore from Novelis Inc, the Atlanta-based aluminium cans giant, from the proceeds of a $2.5 billion bond sale...
...A new solderable aluminium wire product has been launched by Kyowa Electric Wire Company a division of Furukawa Electric Company of Japan. This targets a significant new market in building wiring...
...Packaging company Ball Corp. said Wednesday it has agreed to buy the European aluminum can and bottle maker Aerocan SAS...
...Norsk Hydro ASA, Europe’s third- largest aluminum maker, will halt extrusion operations at its Karmoey plant in Norway in 2012 and switch to lower cost facilities after sales to carmakers and the U.K. declined...
...Aluminum maker Alcoa named Olivier Jarrault president of Alcoa Engineered Products and Solutions, effective Jan. 1, the company said Wednesday...
