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.
{alcircleadd}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.
To know more: https://www.alcircle.com/news/machine-tool-orders-dip-in-q1-2023-but-italy-remains-confident-94953
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.
To know more: https://www.alcircle.com/news/kaiser-aluminum-corp-enters-into-a-new-4-year-labour-agreement-with-united-steelworkers-94961
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.
To know more: https://www.alcircle.com/news/manaksia-aluminium-company-limited-posts-a-9-y-o-y-growth-for-q4-fy2023-revenue-94949
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.
To know more: https://www.alcircle.com/news/chinas-aluminium-semis-operating-rates-tumbled-in-april-despite-the-peak-season-94957
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.
To know more: https://www.alcircle.com/news/hind-aluminium-posts-further-y-o-y-fall-in-net-sales-at-inr-0-33-crore-for-4qfy2023-94988
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.
To know more: https://www.alcircle.com/news/thok-develops-industrys-first-3d-printed-aluminium-e-bike-prototype-94958
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.
To know more: https://www.alcircle.com/news/pmb-technology-to-increase-the-production-capacity-of-bintulu-metallic-silicon-smelter-94959
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.
To know more: https://www.alcircle.com/news/sunrise-metal-invests-in-giss-technology-to-enhance-its-aluminium-die-casting-production-94965
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.
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