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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Sapa Buys Indian Aluminum Extrusion Business
...Sapa Profiles India Pvt. Ltd. has entered into an agreement with Alufit (India) Pvt. Ltd. under which Sapa will buy the assets of Alufit related to its aluminium extrusion business operated out of its plant in Kuppam, India...
Gooding Aluminium launches new aluminium glazing channels
...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 glazing channels known as GA 'Complete' Shuffle and Shuffle-Less Glazing Systems...
Sapa in Indian acquisition
...Sapa Profiles India is to buy the aluminium extrusion business of Alufit (India) based in Kuppam, Bangalore, India. The plant, which was built in 2009, is an integrated one-press extrusion facility with both powder coating and anodizing capabilities...
Six New Aluminum Extrusion Profiles from Solid Apollo for LED Lighting Installations
...Solid Apollo launches six new aluminum extrusion profiles. These profiles help to enhance creativity of contractors, architects and lighting designers for LED lighting installations...
Midas Aluminum obtains aluminium alloy contract worth large sum of money
...February 7, Midas announced that it aluminum alloy section Jilin Midas Aluminum Co.,Ltd received a contract worth 82 million yuan about CNR Changchun Railway. Jilin Midas Aluminum Co.,Ltd will deliver aluminum extrusion profile and some processing parts for 30 train sets (240 carriages) of...
Aluminum company picks Lafayette for new plant (update)
...Some people at this afternoon's announcement called it the biggest economic development event for Lafayette since Subaru came to town in 1986. Nanshan America Co. Ltd., a China-based company, will build an aluminum extrusion plant in Park 350, an industrial park along Veterans Memorial Parkway...
Hydro Adding Aluminum Extrusion Presses at China Facilities
...The Norwegian aluminum producer Hydro is investing close to $52 million to extend its Suzhou, China aluminum plant with two new aluminum extrusion presses. The aluminum company says that the extension will increase its ability to meet local demand for products and components in China...
Hydro invest in aluminium extrusion presses for Chinese operations
...Hydro is investing to extend its Suzhou plant with two new aluminium extrusion presses. The extension will increase the ability of the company to meet local demand for products and components in the largest downstream aluminium market in the world...
Hydro Invest in New Aluminium Extrusion Presses for Chinese Operation
... Hydro is investing to extend its Suzhou plant with two new aluminium extrusion presses. The extension will increase the ability of the company to meet local demand for products and components in the largest downstream aluminium market in the world. ...
DJ Japan November Extruded Aluminum Output Up 5.1% On Month -METI
... Japan's output of extruded aluminum products in November rose 5.1% from October to 70,311 metric tons, according to preliminary data released Friday by the Ministry of Economy, Trade and Industry. ... Japan's November output of flat-rolled aluminum products rose 1.9% on month and 9.3% on year...
RESEARCH ALERT-OCBC upgrades Midas to "buy"; target price S$1.22
... OCBC Investment Research has upgraded Midas Holdings , a Singapore-listed aluminum products maker, to "buy" from "hold" and raised its target price to S$1.22 from S$1.05. ... Midas has been in discussions to increase its aluminium extrusion capacity in Xin'an County, China, and the new plant...
Norsk Hydro Says to Close Extrusion Plant in Norway
...Norwegian aluminum maker Norsk Hydro (NHY.OL: Quote) said on Wednesday it had decided to phase out its extrusion plant at Karmoey in Norway in 2012...
Hydro to Shut Karmoey Extrusion Plant on Falling Sales
...Norsk Hydro ASA, Europe’s third- largest aluminum maker, will halt extrusion operations at its Karmoey plant in Norway in 2012 and switch to lower cost facilities after sales to carmakers and the U.K. declined...
Sapa forms Joint Venture in South-East Asia
...Oslo, Norway, Nov 23, 2010 (Thomson Reuters ONE via COMTEX) -- Sapa acquires 65% of the shares of the aluminium extrusion company Vijalco and forms a joint venture with the Vietnamese Ben Thanh Group. The new company will be called Sapa BTG...
Sri Lanka Hayleys cuts stake in aluminium firm
...Sri Lanka's Hayleys group said it had cut its holdings in a newly acquired alumimium extrusion firm by 35 percent by selling 700,000 shares to a consortium of investors...
Sri Lanka Hayleys acquires Alumex group
...Sri Lanka's Hayleys conglomerate has bought the Alumex group, a big manufacturer of aluminum extrusions, for INR 2.185 billion...
US DOC finds dumping of aluminum extrusions from China
...On October 28th 2010, the Department of Commerce announced its affirmative preliminary determination in the antidumping duty investigation of imports of aluminum extrusions from the People’s Republic of China...
US sets more duties on aluminium products from China
...The United States has slapped an additional 59.31 percent on imports of a key aluminum product from China, a lawyer familiar with the decision said on Thursday. The Commerce Department set the preliminary anti-dumping duty to offset China's unfairly low pricing of the aluminum extrusions, which...
