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23 OCTOBER 2022 AL CIRCLE

Recycled aluminium weekly: Gas crisis in Europe impacts non-ferrous recyclers, primarily aluminium; Speira secures EU antitrust approval for Real Alloy Europe deal

EDITED BY : MAYURAKSHI GANGULY 3MINS READ

The ongoing Ukraine-Russia geopolitical has been a cause of discrepancies worldwide. With the Russian gas lines closed, Europe is on the brink of losing its primary aluminium products line and the aluminium recycling units. The European Commission stated that KPS Capital Partners' portfolio company, German aluminium smelter Speira on October 19 bagged the EU antitrust approval to acquire aluminium recycler Real Alloy Europe. In collaboration with Alupro, Preston City Council has launched a programme to recycle aluminium. Residents would be encouraged to recycle empty, clean foil trays, aerosol cans, drink cans or tins and aluminium foil for wrapping. India'sIndia's renowned lead smelter, Pondy Oxides & Chemicals, is plotting to construct an INR 5 crore aluminium recycling plus melting facility at its current location in Sriperumbudur, Tamil Nadu, with all the latest machinery.

Recycled aluminium weekly: Europe’s gas crisis restraints production at primary aluminium production lines and aluminium recycling units; Speira gets EU antitrust approval to own aluminium recycler Real Alloy Europe , Alcircle News

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The gas supply restriction by Russia has propelled the energy prices to surge, resulting in the aluminium smelters slashing production, which are big customers for secondary non-ferrous metals. Europe has shown little self-sufficiency regarding energy resources over the past few weeks. At least in the short and medium term, wind, solar, and water energy cannot meet the energy demand.

To know more: https://www.alcircle.com/news/gas-crisis-in-europe-impacts-non-ferrous-recyclers-primarily-aluminium-85855

On October 19, 2022, the European Commission stated that KPS Capital Partners' portfolio company, German aluminium smelter Speira had received the EU antitrust approval to acquire aluminium recycler Real Alloy Europe after offering to sell two plants.

To know more: https://www.alcircle.com/news/kps-capital-partners-speira-secures-eu-antitrust-approval-for-real-alloy-europe-deal-85876

Aircraft interior solutions provider Bucher has consigned the first set of fully customized galleys and stowages to Airbus Toulouse for their integration into the new Virgin Atlantic A330-900neo. However, on 16th October 2022, the airline took delivery of the first aircraft.

To know more: https://www.alcircle.com/news/bucher-consigned-galleys-made-of-65-recycled-aluminium-to-virgin-atlantic-85861

A recent report from Europe indicates, that the private equity firm that has grown substantially over the past two decades, KPS Capital Partners, whose portfolio company Germany's aluminium smelter Speira ready to receive EU antitrust approval for its plan to acquire aluminium recycler Real Alloy Europe with its offer to sell two plants to address EU concerns.

To know more: https://www.alcircle.com/news/speira-all-set-to-obtain-eu-antitrust-approval-for-its-real-alloy-europe-acquisition-offer-85864

The not-for-profit communications programme working to inspire, encourage and empower people to recycle their empty drink cans, Every Can Counts, announced the best and the worst cities for recycling in the UK. As per the research, Newport has been rated the top city for recycling in the UK, while Birmingham has been identified as the region most in need of reform.

To know more: https://www.alcircle.com/news/every-can-counts-reveals-the-list-of-uks-best-and-worst-cities-for-recycling-newport-tops-the-list-as-the-best-city-for-recycling-85877

Preston City Council, in partnership with Aluminium Packaging Recycling Organization (Alupro), launched a new initiative to encourage the recycling of aluminium. Residents are urged to rinse and recycle empty aerosol cans, clean foil trays, clean foil for wrapping, and drink cans and tins.

To know more: https://www.alcircle.com/news/preston-city-council-launches-new-aluminium-foil-recycling-initiative-with-alupro-85878

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Pondy Oxides & Chemicals, one of India's top secondary lead smelters, is planning to build an aluminium recycling/melting facility at its current location in Sriperumbudur, Tamil Nadu. The project is a part of the company's expansion strategy for 2022, with a projected total expenditure of INR 5 crore in plant, machinery and pollution control equipment.

To know more: https://www.alcircle.com/news/pondy-oxides-chemicals-aims-to-open-aluminium-recycling-facility-in-tamil-nadu-8584


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EDITED BY : MAYURAKSHI GANGULY 3MINS READ

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