Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
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Hindalco extrusion line contract
Indian group Hindalco has ordered an aluminium extrusion line from Reed Machinery Ltd in association with Alteco, Austria and Qualiteam International, The Netherlands. The line is presently installed at the Magoula works of ETEM Light Metal Co. in Athens, Greece. Dismantling and removal to India...
Estimated N. American fabricated aluminum demand
Demand for semi-fabricated (mill) products was up 4.9% to a total of 7.386 billion lb in the same period. Year-to-date, apparent consumption (demand less exports) in domestic markets totaled an estimated 8.683 billion lb, 3.7% above the previous year. Demand for aluminum semi-fabricated (mill)...
GERMAN SEMI-FINISHED ALUMINIUM H1 OUTPUT RISES
Germany's rolled aluminium products output in the first half of the year was 948,152 mt, up slightly from 946,508 mt in the first half of 2010, the German Aluminium Association, GDA, said in a report this week. German aluminium rolled products output in the second quarter was 458,460 mt, down...
China Zhongwang's Q2 Net Profit Up 50% on Rising Domestic Sales
China Zhongwang Holdings Ltd , the largest industrial aluminum extrusion product manufacturer in Asia and the second-largest one in the world, has said that its net profit jumped 50% year on year to RMB 247 million in the second quarter of this year.
Hindalco updates aluminum production on Q1 2011
Flat Rolled Product production was lower due to the sluggishness in the market. Production of Extruded products was affected as operations at Alupuram, Kerala continued to be hampered following the lock out declared on February 22nd 2011.
Klus Company Launches LED Aluminum Extrusions
Klus Company has launched the new LED aluminum extrusions in the United States market. These new LED profiles enhance the utilization of LED strip lights and enable application, installation, and design of the LED ribbon lights simple.
Kaiser’s Kalamazoo plant start slower than expected
Kaiser Aluminum Corp.’s Kalamazoo, Mich., extrusion plant has had a slower-than-expected start. Kaiser Aluminum Corp.’s Kalamazoo, Mich., extrusion plant has had a slower-than-expected start. "There are a lot of uncertainties as we go through a startup," Jack Hockema, chairman, president and chief...
Kaiser to expand plant in Chandler
Kaiser Aluminum Corp. announced it began expansion of its facility at 6520 W. Allison Road. The company makes aluminum rods, sheets, plates, tubes, wires and other aluminum shapes that are machined into parts by the aerospace industry using extrusion technology, a process in which the aluminum is...
IDB approves six PILOTs in final meeting
The Memphis-Shelby County Industrial Development Board approved five payment-in-lieu-of-taxes applications Wednesday afternoon that will result in the creation of 259 new jobs, while approving a retention PILOT that will save 246 jobs at the Memphis operation of San Francisco-based McKesson Corp....
Kaiser Aluminum Corporation Announces Expansion of Aerospace Extrusion Facility
Kaiser Aluminum Corporation (Nasdaq: KALU) today announced it has commenced expansion of its Kaiser Alexco hard alloy aerospace extrusion facility in Chandler, Arizona. The investment of approximately $11 million is expected to be completed by year end and will provide additional extrusion and heat...
Sigma extruded aluminium louvres available from HH Robertson
Available from HH Robertson , Sigma extruded aluminium louvres are architecturally striking and can be used for a variety of building applications ranging from industrial to office buildings. Complementing traditional and modern buildings, Sigma extruded aluminium louvres feature smooth, rounded...
The Japan Furukawa Sky attends 2011 China International Aluminum Industry Expo
Asia's largest aluminum industry expo "ALUMINIUMCHINA2011" will be held in Shanghai international expo center in July 13 to 15. One of the Japan’s largest integrated aluminum metal roll producers Furukawa Sky will participate in this exhibition for the fifth time. Then the products what are thick...
Aluminum-product makers filed a lawsuit to force the U.S. Commerce Department to levy tariffs on Chinese imports, countering the effect of a currency the companies deem to be undervalued.
Aluminum-product makers filed a lawsuit to force the U.S. Commerce Department to levy tariffs on Chinese imports, countering the effect of a currency the companies deem to be undervalued. In a case at the Court of International Trade in New York, the makers of products used in door frames, gutters...
Hydro to expand aluminum extrusion operations in Brazil
Hydro will invest NOK 300 million to deploy a new extrusion press at its aluminum extrusion plant in Itu near Sao Paulo of Brazil to expand its product offerings and fulfill the local demand for high value aluminum products. Hydro supplies extruded aluminum products to local markets from its plant...
Hydro to expand aluminum extrusion operations in Brazil
Hydro will invest NOK 300 million to deploy a new extrusion press at its aluminum extrusion plant in Itu near Sao Paulo of Brazil to expand its product offerings and fulfill the local demand for high value aluminum products. Hydro supplies extruded aluminum products to local markets from its plant...
White Aluminum Extrusion awarded series of certifications
White Aluminium Extrusion LLC, a JV between Masharie LLC, a private equity arm of Dubai Investments PJSC and White Aluminium Enterprises LLC, announced that it has received several industry recognitions including the ISO 9001:2008, Qualicoat and Jotun PE-SDF Approved Applicator Certification. Mr...
White Aluminium Extrusion awarded series of certifications
White Aluminium Extrusion LLC, a joint venture between Masharie LLC, a private equity arm of Dubai Investments PJSC, and White Aluminium Enterprises LLC, announced it has received several industry recognitions including the ISO 9001:2008, Qualicoat and Jotun PE-SDF Approved Applicator...
UMEX Purchases International Aluminum Corp. Assets
Universal Molding Extrusion Company (UMEX) based in Downey, Calif., has purchased the assets of International Aluminum Corp., which filed Chapter 7 bankruptcy last month. Glenn Brown, who works in sales for UMEX, told USGNN.com™ it was his understanding that the company had purchased all assets of...
