Downstream recap: EOS to launch Aluminium alloy Al5X1, ideal for high-precision machining

EOS GmbH is preparing to deliver its next high-strength aluminium alloy, the EOS Al5X1, this summer, recently demonstrated at the RAPID + TCT exhibition. This material was created due to EOS' new material screening strategy, which considers its clients' individual needs and application designs. According to Kotak Institutional Equities, Novelis, an independent US-based subsidiary of Hindalco Industries and a leading producer of aluminium, is expected to face margin pressure for at least the next two to three quarters due to weaker demand in the building and construction sector, reduced aluminium can stocking, and lower aluminium prices. Calderys launched a new Foundry Service Centre in Mariestad, a key position in the Nordic area, to provide its Foundry clients with speedier solutions and better flexibility. The Aluminium Federation (ALFED) relocated its corporate headquarters to the Bragborough Hall Business Centre in Northamptonshire.

This summer, EOS GmbH is gearing up to release its latest high-strength aluminium alloy, the EOS Al5X1, which was recently showcased at the RAPID + TCT event. The development of this material is the result of EOS' new material screening programme, which considers its customers' specific requirements and application designs.

To know more: https://www.alcircle.com/news/eos-prepares-to-launch-aluminium-alloy-al5x1-ideal-for-high-precision-machining-96436

Novelis, an independent US-based subsidiary of Hindalco Industries and a leading producer of aluminium, is expected to face pressure on margins for at least the next two to three quarters due to weaker demand in the building and construction sector, reduced aluminium can stocking, and lower aluminium prices, according to Kotak Institutional Equities.

To know more: https://www.alcircle.com/news/novelis-to-face-pressure-on-margins-in-near-term-due-to-weaker-aluminium-demand-destocking-and-lower-prices-96432

Calderys opened a new Foundry Service Center in Mariestad, a strategic location in the Nordic region, to offer faster solutions and greater flexibility to its Foundry customers. The center was inaugurated in the presence of major Swedish foundry customers, elected officials, and local stakeholders in response to the increasing demand for outsourced refractory services in Sweden.

To know more: https://www.alcircle.com/news/calderys-welcomes-its-first-foundry-service-center-in-sweden-for-emerging-industry-needs-96484

The Aluminium Federation (ALFED) moved its corporate headquarters to Northamptonshire's Bragborough Hall Business Centre. The location is ideal for ALFED's expanding staff, with state-of-the-art facilities surrounded by gorgeous vistas and excellent transportation connections.

To know more: https://www.alcircle.com/news/bragborough-hall-business-centre-the-new-corporate-headquarter-of-alfed-96479

The Ministry of Commerce and Industry in India expressed plans to initiate a new investigation concerning the import of aluminium frames for solar modules. This development comes after the conclusion of an investigation into solar cells from China, Thailand, and Vietnam in December 2022.

To know more: https://www.alcircle.com/news/india-lodges-anti-dumping-probe-against-cheap-aluminium-solar-frame-imports-by-china-96491

Dinsheng New Materials, China's largest aluminium foil, sheet and coil manufacturer with approximately 500,000 tonnes of capacity, is reportedly acquiring Italy's Slim Aluminium by spending EUR 56.3 million (US$61.2 million). The acquisition will include Slim's production plant in Italy as well as the one in Germany, which will enable Dinsheng to expand its battery aluminium foil business.

To know more: https://www.alcircle.com/news/dinsheng-to-acquire-italy-s-slim-aluminium-for-us61-2-million-in-a-bid-to-expand-the-rolling-capacity-in-europe-96435

According to an official statement from the Bengo government, Sino Ord Parque Industrial, an Angolan company, and China's O.T. International have recently entered into a signed agreement. This significant collaboration paves the way for a substantial investment of USD$200 million, which will be utilized to establish an aluminium facility in the northern region of Bengo province, Angola.

To know more: https://www.alcircle.com/news/sino-ord-parque-industrial-and-ot-international-join-forces-to-construct-aluminium-facility-in-angola-s-bengo-province-96474

Green Project Srl, established in 1995 in Genoa by a team of experts from a prominent Italian steelmaking company, is a global frontrunner in the provision of automated marking and reading systems for the metal industry.

To know more: https://www.alcircle.com/news/green-project-driving-metal-marking-and-reading-systems-on-a-global-scale-96486