Downstream weekly: Alro invests $4.22 million in two new projects; USITC claims Asian low-quality imports hamper the US aluminium extrusion market

The downstream aluminium sector has been a witness to major developments this week, with the leading aluminium producer in Romania, Alro S.A., investing $4.22 million in two projects to improve the quality of their flagship products, including aluminium alloy plates by implementing new machinery. During its session on November 22, 2023, the Supervisory Board of AMAG Austria Metall AG announced the appointment of Dr. Helmut Kaufmann, aged 60, as the new Chief Executive Officer (CEO), effective from January 1, 2024. Dr. Kaufmann will continue in his current role as the Chief Operating Officer (COO) concurrently. In a win for the US aluminium extruders, the US International Trade Commission (USITC) has found that the American aluminium extrusions industry is being materially injured or threatened due to low-quality imports from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, the United Arab Emirates, and Vietnam.

On Saturday, November 18, Israel launched a drone firing two missiles at an aluminium plant outside the southern Lebanese market town of Nabatiyeh, which caused fire and widespread damage, according to National News Agency.

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In a victory for U.S. aluminium extruders, the U.S. International Trade Commission (USITC) today found there is a reasonable indication that the American aluminium extrusions industry is materially injured or threatened with injury due to imports from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, the United Arab Emirates, and Vietnam.

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Bonnell Aluminum comes in support of the International Trade Commission, wherein the entity needs to conduct exclusive investigations on the unfair aluminium extrusion trade imports from 14 countries.

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The global leader in the development, manufacturing, and recycling of aluminium products and solutions, Constellium celebrates the 10^th anniversary of its International Scientific Council (ISC), established in 2013.

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The signing ceremony for the lightweight auto parts manufacturing base project was conducted on November 14 between Wangjiang Economic Development Zone and Anhui Guleichi Circular Economy Industrial Park Co., Ltd.

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In December last year, a US$250 million incentive package was allotted for Lotte Aluminum Materials USA by the Elizabethtown City Council, which is at present being revised for an ordinance of US$450 million.

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During its November 22, 2023 session, the Supervisory Board of AMAG Austria Metall AG announced the appointment of Dr Helmut Kaufmann (60) as Chief Executive Officer (CEO), effective January 1, 2024. Dr Kaufmann will continue in his role as Chief Operating Officer (COO) concurrently.

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The Federation of Aluminium Consumers in Europe (FACE) is of the opinion that the European Union's twelfth package of sanctions on Russian aluminium will harm Europe's economy more than Russia's.

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Aluminium foil shipments from European rollers were impacted in Q3 2023 by sluggish demand for foil products owing to high inflation and interest rates worldwide.

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Victor Hammed, a native of the Nigerian historic city of Ilesa, Osun State, completed his primary and secondary schooling in his hometown before attending Obafemi Awolowo University, Ile Ife. Graduating with distinction in Materials Science and Engineering, Victor has emerged as a prominent figure in cutting-edge scientific exploration.

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OTTO JUNKER, a leading supplier of high-quality melting and heat treatment plants, presents two pioneering products which will help shape the future of metal processing: EcoJet, the latest product on the market, and JuDy, a proven solution which, together with EcoJet, will be an unbeatable combination.

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The most eminent aluminium producer in Romania, Alro S.A., has proposed investing US$4.22 million (3.86 million euro) in two respective projects focused on checking the quality of the firm's flagship products like aluminium alloy plates.

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