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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Aluminium Extrusion nets N60.31m profit, offers N0.05 dividend
The board of Aluminium Extrusion Industries, on Wednesday presented its audited result for the year ended December 31, 2010, indicating that although turnover raised slightly, profit before and after tax fell. The board however recommended a dividend of five kobo per share for payment to...
Aluminum Association releases video honoring the flags unsung partner
In honor of US Flag Day, the Aluminum Association is paying tribute with a video of the flag and its unsung partner the flagpole. The video includes images of the American flag flying over various US historical locations as well as the extrusion process used to create flagpoles. Aluminum...
ADBIC and Gulf Extrusions to set up USD200 million Aluminium Extrusion Plant in Abu Dhabi
Abu Dhabi Basic Industries Corporation (ADBIC), an industrial development and investment company wholly-owned by the Abu Dhabi Government's General Holding Corporation (GHC), and Gulf Extrusions, an Al Ghurair Group company, have signed a joint-venture (JV) agreement to set up Taweelah Aluminium...
Aluminum production back in full swing
Hindalco’s Q4FY11 standalone adjusted PAT (profit after tax) declined 3.7% YoY to R6.7 bn; above our estimate of R6 bn due to a lower tax rate and higher other income. Ebitda (earnings before interest, taxes, depreciation and amortisation) of R8.7 bn was broadly in line with our estimate of R9 bn....
China's Nanshan to build U.S. aluminium plant-paper
Chinese aluminium maker Shandong Nanshan Aluminium plans to build a $161 million aluminium plant in Lafayette, Indiana, the China Daily newspaper reported on Thursday. The plant will start up by June 2012, producing 40,000 tonnes of extrusions annually and employing 150 people within two years,...
Klus Company Develops New Led Aluminum Extrusions
Klus Company launches its new LED aluminum extrusions, profiles. New extrusions facilitate and popularize the use of LED strip light and make design, applications and mounting of the LED ribbon light easy. To solve and avoid obstacles related to LED strip mounting, Klus Company designed LED...
Aluminium extrusion firms to benefit from GCC railway
Gulf News reported that the GCC railway project has the region's Aluminum extrusion companies rubbing their hands in glee at the thought of the lucrative business potentially coming their way, given the relatively infant downstream industry in the Gulf. Industry insiders said that the main body of...
Aluminium extrusion firms to benefit from GCC railway
Dubai: The GCC railway project has the region's aluminium extrusion companies rubbing their hands in glee at the thought of the lucrative business potentially coming their way, given the relatively infant downstream industry in the Gulf, industry insiders said. "The main body of train wagons and...
CeramTec Introduces The World's First Aluminum Nitride Extrusion
The ceramics experts at CeramTec have successfully developed an exceptional thermally conductive aluminum nitride extrusion called Alunit®. This innovative process is the only one of its kind worldwide. The ceramics experts at CeramTec have successfully developed an exceptional thermally conductive...
U.S. aluminum extruders applaud ITC vote
...The United States International Trade Commission has reached a final determination in its antidumping and countervailing duty investigations of imports of aluminum extrusions from China. Agreeing with U.S. Department of Commerce findings that these products are subsidized and sold in the United...
Aluminum extrusion plant of QIMC soon
... The Peninsula reported that the Qatar Industrial Manufacturing Company is expecting to soon commission its aluminum extrusion plant. The company said that the plant is likely to be operational in the H1 of the current year. The company has reported robust financials for the Q1 of this year...
Aluminum demand grows in March, but extrusion lags
...Demand for most aluminum products rebounded in March even as the extrusion sector continued to lag, according to Davenport & Co. LLC data based on seasonally adjusted figures from the Aluminum Association...
China mulls export rebate cut for aluminium products -report
...China is considering plans to either scrap or reduce export tax rebates on some aluminium extrusion products as well as on stainless steel wires and rods, the China Securities Journal reported on Tuesday, without identifying sources...
Chalco, Swedish Firm Start High-End Aluminium JV
...– Aluminum Corporation of China (601600) signed an agreement with Sweden’s Sapa Group, the world’s largest supplier of aluminum extruding products, to form a joint venture to enter the high-end aluminum material market, reports China Business News. The two companies will each contribute 50...
Chalco and Sapa seal deal for aluminum JV
...Worldal reported that Aluminum Corporation of China Limited signed an agreement in Beijing with Sweden's extruded aluminum profile maker, Sapa Group to create 50 50 JV in southwest China to produce aluminum parts for high end rail transit projects...
Aluminium business pulls in newcomers
...The market of aluminium extrusion products used in doors, windows and curtain walls has been growing rapidly as wood is getting scarce by the day. Nearly half a dozen companies have hit the market in the past two years to cash in on the growing market size now estimated at around Tk 600 crore a...
US rules China dumps aluminium products
...THE US Commerce Department said on Tuesday that it had found 29 Chinese companies guilty of dumping some US$500 million (S$630.5 million) worth of extruded aluminium products into the US market last year...
Gooding Aluminium launch new all aluminium stair nosings
...Gooding Aluminium the national and international supplier of a wide range of high quality aluminium sheets, aluminium profiles and aluminium extrusions have launched an innovative range of aluminium stair nosings known as GA Step-Up 'Premium' Stair Nosings with super-grip tread inserts...
