Storvik has won a contract to operate and maintain the automated anode rod repair system at Alcoa's Mosjøen aluminium smelter in Norway. The agreement extends a partnership that began in 2016, when the company introduced its In-Line Rod Repair (ILRR) system at the plant. Storvik Mosjøen, a subsidiary of Storvik group will now handle the operation of the robotic repair line and maintenance of the anode yokes processed through it. Storvik Engineering built the system, with both companies working together on its installation and commissioning. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " Anode rod assemblies are essential to primary aluminium...
Rio Tinto has secured a five-year operating arrangement for its Bell Bay aluminium smelter in northern Tasmania, backed by a government support package worth USD 200 million. The agreement includes a commitment to maintain a minimum level of employment at the 71-year-old facility until at least 2031, easing concerns over its future amid uncertainty about electricity costs. Rio Tinto's aluminium chief executive Jérôme Pécresse confirmed the employment commitment but did not disclose the number of jobs covered. The guarantee is understood to cover around 500 positions. Bell Bay currently employs about 550 people and supports a further 1,200 jobs, with its future previously uncertain as the company sought a new power agreement. Explore the production, demand and consumption forecasts of...
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... Alcan Rolled Products spent $38 million on equipment and facility upgrades at its Ravenswood plant last year, the company said. Alcan plans to spend an additional $50 million on improvements this year, provided the plant meets a series of objectives designed to turn around the aluminum rolling mill in Jackson County. ...
... Alcan Rolled Products says it plans to invest $50 million in its Jackson County plant, provided the facility meets the objectives of a turnaround plan.Last year, the company spent $38 million on upgrades at the aluminum rolling plant in Ravenswood. ...
... Programming has been lined up for Platts Aluminum Symposium 2011, a metals industry event that will take place Jan. 16-18 in Coronado, Calif. .... Among the topics to be covered will be a look at the state of the global aluminum industry, the economic outlook for the aluminum sector, ...
... During fiscal 2010, the company produced 1.2 million tonnes of aluminium. It also produced 13.9 million tonnes of bauxite and 3.8 million tonnes of alumina. On March 23, 2010, ...
... Ukraine's only primary aluminium maker ZALK, owned by the world's biggest aluminium producer UC RUSAL (0486.HK: Quote), could be sold or stop production because of high electricity costs, the company said on Tuesday. ...
... Aluminium maker Alco has kicked off earnings season in America with solid profits over the last three months. The company's net income was $258M, a marked improvement on its net loss of $277m dollars this time last year.Alco also says it expects the global economic recovery to bring a rise in the demand for aluminium. ...
... The Orissa High Court has directed the Union ministry of environment and forests to justify the ministry’s earlier decision to deny permission to Vedanta Aluminium to expand its refinery capacity at Lanjigarh. ... Vedanta Aluminum’s writ, questioning the environment ministry’s October 20 order cancelling an earlier clearance given to Vedanta Aluminum. ...
... Vedanta-controlled Bharat Aluminium Company (Balco) Limited has started a voluntary retired scheme (VRS) to shed excess workforce. ...
... Mr Tadeu Nardocci has been appointed as the new chairman of the European Aluminium Association. The president of the Novelis Group took up the honorary role on January 1st 2011. ... He oversees 13 manufacturing facilities across Europe which produce rolled aluminium for markets including packaging, automotive, building, transportation and printing. ...
... Aluminium output in China, the world's top producer, ... Aluminium smelting capacity, including capacity that was built but has not been started production was over 21 million tonnes a year at the end of last year. ...
... Alcoa said on Friday that it plans to restart idled capacity at three of its aluminum smelters resulting in 137000 tons of extra production in 2011 and 200,000 tons in 2012 Barclays says. Alcoa also stated that it will still have 674000 tons annually of smelter capacity idled after these restarts. ...
... Alcoa Inc. said growth in demand for aluminum in China, the world’s largest market for the metal, ... China’s aluminum consumption will expand 15 percent in 2011 compared with 21 percent last year, the New York-based company said yesterday in its fourth-quarter earnings presentation. ...
... Aluminium giant Alcoa has rebounded to profit, reporting fourth-quarter net income of $258 million, as company executives predict that world demand for the metal will double during the next ten years. ...
... America’s giant aluminum producer, Alcoa Inc. gained 9 quarters’ highest profits after metal price neared pre-recession levels. ... In 2011, aluminum output is 43.2 million tons globally that exceeds 360,000 tons of consumption. 4.37 tons of aluminum inventories were at 5.3% as of Jan. ...
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 17,050/mt in the morning session, ... and finally closed at RMB 17,010/mt, down RMB 70/mt compared with the previous trading day, or down 0.41%. ...
... LME aluminum prices opened at an intraday high of USD 2,503/mt, with the lowest prices reported at USD 2,474/mt. Later, the weaker US dollar, stronger crude oil prices, and upbeat Alcoa's earnings report helped push up LME aluminum prices, and LME aluminum prices finally finished at USD 2,497/mt, up USD 6/mt compared with the previous trading day. ...
... National Aluminium Company (Nalco) is expecting a 25 per cent growth in its net profit for 2010-11. “Our net profit is expected to grow by 25 per cent in the current financial year. The company also hopes to pay Rs 300 crore more by way of Income Tax and excise duties in 2010-11 compared to the last fiscal”, Nalco chairman and managing director A K Srivastava said at the 10th Foundation Day Lecture of the company. ...
... Alcoa Inc., the largest U.S. aluminum producer, ... Net income of $258 million, or 24 cents a share, compares with a net loss of $277 million, or 28 cents, a year earlier, New York-based Alcoa said today in a statement. Sales climbed 4 percent to $5.65 billion. ...
