Downstream weekly recap: Novelis and Ball Corporation renew their partnership with an aluminium can sheet supply contract

On Monday, September 11, Novelis Inc., a prominent rolled aluminium manufacturer, stated that it had signed an anchor customer deal with Ball Corporation, guaranteeing to provide aluminium sheets for can manufacturing in North America. A truck transporting aluminium alloy rods from Schwab New Materials Company just completed its voyage, delivering the cargo to Jiaxin New Materials Company. This event demonstrates the company's capacity and preparedness to offer premium aluminium alloy products to its downstream clients regularly. Sudarshan Venu, Venu Srinivasan's son, was appointed the company's new Managing Director for five years. Sundaram Clayton, a well-known producer and supplier of automotive aluminium castings that the TVS Group oversaw, was renamed TVS Holdings earlier this year.

Novelis Inc., a leading producer of rolled aluminium, announced on Monday, September 11, that it signed an anchor customer contract with Ball Corporation, promising to supply aluminium sheets for making cans in North America.

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Recently, a truck carrying aluminium alloy rods from Schwab New Materials Company successfully embarked on its journey, effectively delivering the products to Jiaxin New Materials Company. This event signifies the capability and readiness of the company to consistently supply superior aluminium alloy products to its customers in the downstream sector.

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TVS Holdings publicised the appointment of Venu Srinivasan’s son, Sudarshan Venu, as the firm’s new Managing Director for a term of five years. Previously this year, Sundaram Clayton, a well-known manufacturer and supplier of automotive aluminium castings, which fell under the TVS Group’s supervision, was rebranded as TVS Holdings.

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Zhaofeng Tiancheng Aluminium Company, a part of the Huayang Group, has recently achieved a significant milestone as its production and sales both surpassed 10,000 tonnes. In the month of August, Zhaofeng Tiancheng Aluminium Company experienced a surge in production and sales, with a remarkable output of over 10,600 tonnes of cast-rolled strip and sales nearing 11,000 tonnes. These figures mark an all-time high for both production and sales.

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Last Friday, September 8, the United States International Trade Commission (ITC) agreed to roll out the first anti-dumping and countervailing sunset review of aluminium foil imported from China. The objective was to determine whether removing the existing anti-dumping and countervailing measures on Chinese aluminium foil imports would cause injury to the domestic industry.

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A significant collaboration was established between Knest, the largest aluminium formwork company in India and the world's fastest-growing, and ABR Jeddah Contracting Co. from Saudi Arabia. The signing ceremony was held on September 11 as part of the India - Saudi Investment Forum 2023 during the G20 Summit in New Delhi.

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A programme was held on September 8 in Hailing District to begin construction on 16 major industrial project spaces with a planned total investment of RMB 13.68 billion. The Kangqian GIS aluminium alloy intelligent production line project, located in the new energy industrial park, is among the participants with a planned investment of RMB 1 billion.

To know more: https://bitly.ws/URn7