The downstream segment of the aluminium industry plays a crucial role in processing and utilizing aluminium, a versatile and lightweight metal highly esteemed for its wide applications. This sector serves vital roles in numerous automotive, aerospace, construction, packaging, and electrical industries. Its growth is driven by innovation, sustainability, and the increasing demand for lightweight, corrosion-resistant, and eco-friendly materials in modern manufacturing.
{alcircleadd}The downstream aluminium segment witnessed a lot of significant events this week. Based on Rakuten Trade's analysis, P.A. Resources Bhd, Malaysia's leading aluminium extrusion and fabrication firm, is set for continuous earnings growth in the upcoming years. This expansion is anticipated to be driven by multiple factors, such as securing a substantial RM1.08 billion contract from First Solar. As the Shanghai Metals Market reported, the operating rate of China's top aluminium downstream processing firms rose by 3.2 percentage points from the previous week to reach 60.2% last week. However, on an annual basis, there was a decrease of 2.8 percentage points in the operating rate.
According to an analysis conducted by Rakuten Trade, Malaysia's top aluminium extrusion and fabrication company, P.A. Resources Bhd, is poised for sustained earnings expansion over the next several years.
To know more: https://www.alcircle.com/news/p-a-resources-bhd-emerges-as-top-pick-for-growth-backed-by-rakuten-trade-109121
According to the Shanghai Metals Market, the operating rate of leading domestic aluminium downstream processing companies increased by 3.2 percentage points week-over-week to 60.2 per cent last week. However, annually, the operating rate fell by 2.8 percentage points.
FIMIGroup has proudly unveiled its latest acquisition, FRANCI Spa, an esteemed Italian company with roots dating back to 1955. Renowned for its expertise in designing and manufacturing moulds and equipment for the automotive sector, FRANCI Spa also excels in producing mechanical components for industrial and hydroelectric power plants alongside specialized mechanical processes.
To know more: https://www.alcircle.com/news/fimigroup-acquires-franci-spa-fortifying-industry-dominance-109110
On Tuesday, March 5, the US Department of Commerce announced the implementation of preliminary countervailing duties on aluminium extrusion imports from China, Indonesia, Mexico, and Turkey, claiming to protect the business of domestic extrusion manufacturers.
Assan Alüminyum, a leading manufacturer of flat-rolled aluminium, is committed to reducing its carbon footprint and achieving sustainable growth. As part of this commitment, the company has embarked on a multi-year investment program, supported by a $90 million green loan from IFC (International Finance Corporation).
Hydro and NKT have forged a strategic partnership to create an exceptional, low-carbon aluminium power cable value chain to support the growth of Europe's renewable energy grid. The two companies will work closely together on research and development initiatives and product innovations over the next decade leading to 2030.
To know more: https://www.alcircle.com/news/hydro-and-nkt-join-forces-to-develop-low-carbon-aluminium-power-cable-value-chain-109112
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