Downstream weekly recap: Hindalco to grab 26% stake in Cleanwin Energy SIX; Kaiser Aluminum to house a new row coat line in Newburgh with $200 million investment

The downstream segment of the aluminium industry derives its major raw material from the primary sector and is considered the most vital part of the industry. This week, the global aluminium downstream segment witnessed limited but strong events. To begin with, on June 29, Hindalco Industries announced that its board had approved an investment of INR 71.50 lakh in the equity share capital of Cleanwin Energy SIX. Kaiser Aluminum Warrick aims to expand its campus to house a new coat line in Newburgh. It is one of the largest makers of aluminium coated coil for the packaging market in North America. The largest integrated aluminium company in Romania and Europe, ALRO S.A., announced the installation of a brand new, cutting-edge 7" press extrusion machine at its downstream subsidiary, Vimetco Extrusion, after spending more than EUR 10 million on it. According to reports, German firms have been asked to establish manufacturing facilities and enterprises in Bahrain's 472,000 square metres Aluminium Downstream Park by Aluminium Bahrain (Alba) chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa.

One of the biggest integrated aluminium companies in Romania and Europe ALRO S.A. publicized that its downstream in charge with the extrusion business subsidiary, Vimetco Extrusion, accomplished the installation of a new state-of-the-art 7" press extrusion line, following an investment of approximately EUR 10 million. 

To know more: https://www.alcircle.com/news/alro-s-downstream-subsidiary-vimetco-extrusion-accomplishes-the-installation-of-a-new-press-line-80817

Rheinmetall, along with KPSNC, its Chinese joint venture, has bagged a new order for chassis parts destined for an electric SUV made by a new player in the mobility sector. The order value for this is expected to be around €42 million. 

To know more: https://www.alcircle.com/news/leading-producer-of-lightweight-aluminium-parts-rheinmetall-bags-a-new-order-of-42-million-80837

Headquartered in Rochdale, UK, Precision Technologies Group (PTG) is yet to launch its series of Powerstir dual weld-head friction stir welding (FSW) machines after the success of their dual-head FSW machines released about two years ago.

To know more: https://www.alcircle.com/news/ptg-to-roll-out-upgraded-stir-welding-fsw-machines-for-the-aluminium-extrusion-sector-80845

On 29th June 2022, the world’s largest aluminium rolling company, Hindalco Industries made public that its board has delivered a green signal to invest INR 71.50 lakh in the equity share capital of Cleanwin Energy SIX.

To know more: https://www.alcircle.com/news/hindalco-to-grab-26-stake-in-cleanwin-energy-six-80851

ElvalHalcor earned two honours as part of the Bravo Sustainability Dialogue & Awards, which took place in the Old Parliament House from June 21 to June 23. Bravo Sustainability Dialogue & Awards identified ElvalHalcor’s devotion to implementing ethical business practices and its adherence to the Sustainable Development principles. 

To know more: https://www.alcircle.com/news/elvalhalcor-receives-two-honours-at-the-bravo-sustainability-dialogue-awards-80868

On June 24, Aluminium Stewardship Initiative (ASI) announced the joining of Jiangsu Alcha Aluminium Group Co., Ltd as its new production and transformation division member. ASI is an industry-led programme which aims to advance sustainability along the whole value chain for aluminium.

To know more: https://www.alcircle.com/news/jiangsu-alcha-aluminium-joins-asi-as-new-production-and-transformation-member-80794

Aluminium Bahrain (Alba) chairman, Shaikh Daij Bin Salman Bin Daij Al Khalifa, has reportedly invited German companies to open their manufacturing units and businesses at a 472,000 square metre Aluminium Downstream Park in Bahrain.

To know more: https://www.alcircle.com/news/alba-invites-german-investments-in-setting-up-new-projects-at-aluminium-downstream-park-in-bahrain-80810

Kaiser Aluminum Warrick, one of the biggest producers of aluminium coated coil for the package business in North America, is planning to expand its campus to house a new row coat line in Newburgh as part of an estimated $200 million investment in the business. 

To know more: https://www.alcircle.com/news/kaiser-aluminum-plans-to-house-a-new-row-coat-line-in-newburgh-with-200-million-investment-80870

Vedanta Limited has expanded its aluminium products and aluminium ingot prices, with effect from Tuesday, June 28, by INR I,500 per tonne or 0.65 per cent. That has brought the company’s aluminium wire rod price to INR 231,000-238,500 per tonne from INR 229,500-237,000 on June 25.

To know more: https://www.alcircle.com/news/vedantas-aluminium-wire-rod-price-builds-up-inr1500-t-in-line-with-lme-price-rise-80833

On Thursday, June 30, China's stockpile of aluminium billets closed at 106,400 tonnes, down by 5,200 tonnes W-o-W across three major consumption areas, from 111,600 tonnes on June 23. Since mid-June, there has been a decrease in the stockpile of aluminium billets, which slowed down quickly after the controversy of repeated promise.

To know more: https://www.alcircle.com/news/chinas-aluminium-billet-inventories-nosedive-by-5-200-tonnes-w-o-w-to-106-400-tonnes-80858