During Q1 of 2023, Italian machine tool manufacturers experienced decreased order intake in domestic and foreign markets. The Economic Studies Department & Business Culture Centre of UCIMU-SISTEMI PER PRODURRE reported a 23.7% decline in machine tool orders, with an index score of 125.1. However, Italian manufacturers could still utilize more than 86% of their manufacturing capacity and had an order backlog that covered 8.6 months of production, achieving a record high. On May 22nd, Novelis Inc. announced the launch of a new roll-forming development line. This development line will help Novelis meet the industry demand for a process that can produce high-strength aluminium automotive components in large volumes. PMB Technology Bhd aims to increase the output of metallic silicon by 50% in its Phase 3 plant project in Samalaju Industrial Park, Bintulu. Silicon is commonly used in aluminium alloy production to improve fluidity without degradation.
Order intake for Italian machine tool manufacturers fell significantly in Q1 2023 when compared to the same phase in 2022, both in domestic and foreign markets.
Kaiser Aluminum Corporation announced that United Steelworkers (USW) Local 104 accepted a new four-year labour agreement to work at Kaiser’s Warrick rolling mill in Indiana, formerly owned by Alcoa.
Pre-book your calendar for the Aluminium GDC Tech (Great Die Casting) mega event and the Forging Technology Forum mega event at the Chennai Trade Centre from December 1 to December 3, 2023.
Manaksia Aluminium Company Limited, aluminium profiled rolling sheet producer, has announced its standalone financial results for the third quarter and full year of 2023, reporting a 4.73 per cent quarter-on-quarter growth in total income to INR 110.7086 crore. In the third quarter, the company yielded total revenue of INR 105.7123 crore.
According to the Shanghai Metals Market data, the average operating rate of China’s aluminium plate/sheet, strip and foil producers fell in April by 1.68 percentage points month-on-month to stand at 67.69 per cent.
Hind Aluminium Industries Limited has reportedly announced its fourth quarter FY2022-23 results ended March 31, whereby it stated a sequential growth in net sales from INR 0.25 crore to INR 0.33 crore. But on a year-on-year calculation, the sales fell sharply by 73.17 per cent from INR 1.23 crore.
Thok has recently developed a new aluminium prototype for their full suspension using a metal 3D printer, marking a first for the industry. Thok has partnered with an aerospace company to achieve this extraordinary feat.
The Malaysia-based PMB Technology Bhd will invest significantly in its Phase 3 plant project in Samalaju Industrial Park, Bintulu, increasing the output capacity of metallic silicon by 50 per cent annually.
Sunrise Metal announced its most recent investment in GISS technology for aluminium die-casting production. With over 23 years engineering expertise and highly experienced board staff, the major maker of aluminium-die casting goods is well-known for its dedication to innovation and constant progress.
Driven by its purpose of shaping a sustainable world together, Novelis Inc., on May 22nd, announced the start-up of its new roll-forming development line. The latest development line will support Novelis in meeting industry demand for a process that can produce large volumes of high-strength aluminium automotive components.