Bank of America lowered its price target for Airbus from EUR 259 (USD 300.62) to EUR 255 (USD 295.98), while maintaining a ‘Buy’ rating, citing rising aluminium supply costs. The price revision follows supply disruptions linked to strikes by Iran, which damaged aluminium plants in the United Arab...
December 1 witnessed the Airbus AIR market shares dropping 6 per cent due to a quality-control problem in the aluminium fuselage panels on a large number of A320 jets. This resulted in the uncertain conditions currently faced by the affected fleet until the issue is resolved. Image for referential...
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Alcoa, one of the largest aluminium producers, is due to announce its Q4 2014 results on Monday evening and the investors are expecting a positive result. Considering the rising demand of the light metal in automobiles, trains, planes, housing and military gear construction the past quarter and the...
Vista Metals of Adairsville with a corporate headquarters in California was created in 2009 to meet the growing demands of an aircraft industry customer in North Georgia and is ready to take a significant expansion on line within the next week. Vista produces aluminum billets and delicate, hard...
Expansion to Capture Rapid Aluminum-Lithium Demand Growth • $90 million advanced manufacturing facility is largest of Alcoa’s three aluminum-lithium expansions • $100 million in revenues for 2017 already contracted • Growing demand for advanced aluminum-lithium alloys for lighter, more...
Constellium N.V. (NYSE and NYSE Euronext: CSTM) announced today that it will significantly increase the industrial capacity of its Issoire (France) plant to meet accelerating demand for its AIRWARE® technology. Building on the experience of Constellium’s first casthouse inaugurated in March 2013,...
With backlogs at Boeing and Airbus Group at record levels, the boom in commercial-airplane manufacturing is expected to continue for some time. That's good news for Kaiser Aluminum, a maker of lightweight aluminum plate used in commercial planes. Kaiser, based in Foothill Ranch, Calif., is a...
Aluminum giant Alcoa’s stocks gained 24% last year and the stock is expected to gain more. Due to low aluminum prices, the aluminum producers have suffered in the recent time. But they have enough reasons to be optimistic about the future of Alcoa. Though the global economic slowdown resulted in...
Aleris announced today it has achieved AS 9100 certification for the new rolling mill in Zhenjiang, China, which is the standard approval for production of aircraft aluminum plate. Chinese Branch of TUV SUD (Technischer Uberwachungsverein), a German certification body performed the audit for this...
Worldwide, nearly a thousand major aircraft are due for disposal each year and yet the industry is 'short of procedural methods' for recycling them, according to Prof. Dr Joerg Woidasky of Pforzheim University in Germany. However, 'the field of aircraft recycling is developing very fast at the...
With some 1000 heavy airliners in need of disposal each year and modern planes being made from compounds instead of just aluminium, there is a need for more research and communication between the recycling and aviation industries. This is one of the messages to come out of the first International...
Alcoa has signed a multi-year supply agreement with Airbus valued at approximately $110 million for value-add titanium and aluminum aerospace forgings. Alcoa will produce the parts using its recently modernized 50,000-ton press in Cleveland, Ohio. This press uses state-of-the-art controls to meet...
One of the world’s leading engineering companies, Bosch Rexroth, revealed how it has been working with global aerospace manufacturers to help them meet the challenges of working at height. The company gave a live demonstration of its latest aluminium staging technology, which is already being used...
Aerospace aluminum plate demand is expected to surge in coming years as aircraft manufacturers make more and bigger planes and aluminum-lithium alloys gain traction in the market, according to a recent analyst report on the sector. The potential growth should significantly boost prices, increase...
Alcoa Inc., the largest US aluminium producer, reported earnings that beat analysts’ estimates after a better-than-expected performance at its unit that supplies components to aerospace and power companies. Profit excluding expenses related to output cuts and a legal settlement were 7 cents a...
A report by Reuters suggested that aluminium is still the material of choice for the aerospace industry despite the introduction (and use) of carbon composites, particularly on new-generation wide-bodied airliners. With the light metal’s percentage share of the aerospace market estimated to grow by...
Metal is staging a comeback, at least in the aerospace world, where aluminium has been challenged by newfangled carbon-composites in the industry's perpetual war on weight. As plane makers showed off their latest carbon-plastic jetliners at the Paris Airshow this week, metal firms lobbied hard for...
Aluminum specialist Constellium’s new foundry in Issoire, France, is up and running–a key step in a strategy aimed at regaining some of the ground lost to composite materials in aircraft construction. The casting house focuses on a new family of alloys, dubbed Airware, which are lighter than the...
Boeing Co. (BA) defended the use of traditional aluminum for the fuselage of its upgraded 777 twin-aisle jet as Airbus SAS (EAD)’s A350, a competing model made chiefly of composite plastic, takes the spotlight at the Paris Air Show. Improved engines and wings on the 777X will make up for a heavier...
The volume of the order stretching over several years, which AMAG agreed to on January 1 2013, comes up to € 100m, as announced by the company. AMAG and EADS have been cooperating since 2005. The current agreements involve the supply of aluminium plates, sheets and foils for the recent Airbus...
