In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
SuperAlloy Industrial is pushing into semiconductor equipment components as it seeks to build a second growth engine alongside its established automotive wheel business, with customer validation of aluminium chamber components now under way. The Taiwanese aluminium manufacturer reported...
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The management council of Guangyuan Economic Development Zone recently concluded an investing agreement with Deyang Tianhe Machinery Manufacturing Co., Ltd. for a new production project. The new project will be centred on manufacturing aluminium alloy auto parts with a targeted annual output of...
Austria-based high-quality aluminium products supplier Hammerer Aluminium Industries (HAI) celebrated the inauguration of its new P61 extrusion press line and logistics centre at its headquarters in Ranshofen, Austria. The event, which drew guests from local government and business sectors, marked...
Foreign direct investment (FDI) in China has declined to its lowest level in three decades, according to official data released by the State Administration of Foreign Exchange in February 2024. The sharp decline highlights growing concerns among foreign corporations over China's increasingly...
According to a report on August 23, 2024, Vedanta Aluminium has appointed Fabio Roberto Martins as the new CEO of the aluminium billet division. Martins will lead the unit in the new role, focusing on production optimisation and efficiency. Under Martins' leadership, Vedanta Aluminium aspires to...
Hunan Xiangtou Light Materials Technology Co., Ltd (also known as Xiangtou Light Materials) has announced establishing a new production line in Changsha. With a total investment of around RMB 43.8228 million and an annual output capacity of 200,000 pieces of aluminium ceramic brake discs for...
Thailand’s Foreign Trade Department has launched an anti-dumping investigation into the import of aluminium extrusions from China. This action comes in response to complaints from domestic steel manufacturers who argue that the increasing volume of imports is affecting local production. Ministry to...
Christian Mabey, Managing Director of Optima Products, has raised concerns over the increasing influx of Russian aluminium into the UK market despite ongoing sanctions, as published in The Manufacturer. According to Mabey, Russian aluminium is finding its way into the UK through third-party vendors...
Hulamin, a South African company that manufactures rolled aluminium products for precision and high technology applications, has reportedly announced its H1 financial performance ended June 30, 2024, highlighting reduced earnings caused by export pricing pressure and market challenges. As per the...
Analysts from Fastmarkets have reported a slowdown in aluminium consumption in the European automotive industry, underpinning muted economic factors. A considerable decline in automobile production due to the ill effects of the cost-of-living crisis has resulted in reduced applications of...
Walter has acquired PDQ Workholding LLC (PDQ), a Columbia City, IN-based workholding fixtures and tooling specialist. This strategic move bolsters Walter’s portfolio, particularly in workholding products, catering primarily to customers across the Americas. The acquisition aligns with Walter’s...
China's economic momentum slowed in July as factory output growth eased to 5.1 per cent year-on-year, down from June's 5.3 per cent pace. This signalled tepid domestic demand and added to calls for additional policy support to sustain the country's uneven recovery. The National Bureau of Statistics...
Inner Mongolia North Aluminum’s high-end aluminium plate and foil project with an annual capacity of 200,000-tonnes has finally entered the trail production phase. The project commenced construction in March 2023 and has successfully completed all pre-construction tasks. Inner Mongolia North...
TAB Bank, a technology-driven, online bank serving small businesses, recently announced a $27.8 million credit facility for a southern California aluminium extrusion manufacturer as part of its commitment to providing business support during challenging times. The package, comprising a $20 million...
Nigeria stands at a pivotal crossroads. The nation's auto spare parts sector, with an estimated annual revenue ranging from $500 million to $900 million, possesses the latent power to become a cornerstone of economic growth. Yet, this potential remains largely untapped, as local manufacturing is...
An attempt to list Novelis Inc. on the U.S. stock market is now projected for 2025, according to Satish Pai, Managing Director of Hindalco Industries Ltd. This follows the postponement of the aluminium subsidiary's initial public offering, which was originally scheduled for 2024 but was delayed in...
MAAN Aluminium, a leading aluminium extrusion manufacturing company, has declared its financial results for the first quarter of the fiscal year 2024-25. In the report, MAAN Aluminium highlighted that its revenue decreased by 14.75 per cent year-on-year, totalling INR 176.78 crore versus INR 237.4...
Vedanta Aluminium, India’s leading aluminium producer, has appointed Luca Zipponi as the CEO of rolled products. In his new role, Luca will lead the growth and manage all operations for this product group, which serves sectors including automotive, insulation, power projects, electrical, and...
Arab Aluminum Company (AAC), specialised in manufacturing extruding aluminium profiles for a wide range of industries like industrial and architectural, has announced its fiscal results for the first half of 2024, indicating a staggering growth in earnings. Arab Aluminum noted that its H1 net...
