The government has declined provisional protection against surging aluminium extrusion imports, leaving local producers waiting for the outcome of a wider safeguard investigation. New Zealand's aluminium extrusion industry faces several more weeks of uncertainty after the government decided not to...
ALENZ is calling for provisional trade protection as rising low-cost aluminium extrusion imports put pressure on domestic producers during an ongoing safeguard investigation. New Zealand's aluminium extrusion industry is urging the government to introduce temporary trade protection as imports surge...
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The downstream segment of the global aluminium sector is still witnessing acquisitions and expansions, which started eventfully from the later part of the previous year. This happening ensures that the global manufacturing industry is countering and gradually recovering the dent created by the...
On Tuesday, February 1, Hydro completed the sale of its aluminium extrusion plant in Kuppam, India, to Hindalco Industries Limited, as was expected in the first quarter of 2022. On December 17, Hydro had signed a Business Transfer Agreement to sell its extrusion operations in Kuppam to Hindalco for...
The Harare, headquartered Zimbabwean manufacturing company, Almin Metal Industries Limited is all set to open three new branches in March 2022 as part of its drive for business expansion. In 1969, Almin Metal Industries was founded, while the company is in the business of manufacturing and supply...
Matalco Inc., a division of Toronto-based Giampaolo Group Inc., has reportedly acquired the Ohio Valley Aluminum Co. LLC (OVACO), based in Shelbyville, Kentucky. The news came after KPMG Corporate Finance LLC, which served as the financial advisor of the OVACO, reported it officially. Founded in...
The Sri Lankan exporter of quality aluminium extrusion products to the global market, Swisstek Aluminium Ltd has received the certification as a “Great Place to Work” by the independent analysts at Great Place to Work in Sri Lanka. The USA headquartered Great Place to Work® is the global authority...
The downstream sector of the global aluminium industry has been witnessing some amount of investment for expansion this week. Jindal aluminium stated that it will boost up capacities by around 50% primarily across the extrusions vertical. The German wind portfolio of European Energy will supply the...
Golkonda Aluminium Extrusions, which was formerly known as Alumeco India Extrusion Ltd has reported its standalone financial results for December 2021 quarter with an 83.87% downfall in net profit to INR 0.10 crore as against INR 0.62 crore during the existing quarter ended December 2020. The...
The largest aluminium extrusion company of India, Jindal Aluminium is considering investing INR 150 crore-odd over two years, as it counts to initiate on-stream new capacities across its two verticals i.e. extrusions and rolled products. The aluminium downstream company stated that it will boost up...
According to a recent report, Hydro Extrusion Argentina S.A. in Pilar will be certified by Aluminium Stewardship Initiative against the Performance Standard Certification. The plant will be the first aluminium extrusion facility in the country to be certified against the ASI Performance Standard....
On Tuesday, January 18, Aluminium Stewardship Initiative has announced that it successfully certified ProfilGruppen Extrusions AB against the Performance Standard Certification for the development and manufacture of customised aluminium extrusions and components at Aseda, Sweden plant. The products...
According to a report on January 17, 2022, Hydro will establish a new photovoltaic power system at its aluminium extrusion plant in Trzcianka, Poland. The power system will expectedly come into operation in Q3, 2022, to generate 7.5GWh/year of power to supply electricity to the new 8-inch extrusion...
The Romanian aluminium producer, Alro publicized that Vimetco Extrusion (VE), its downstream arm managing the extrusion business line, initiates the implementation of a new investment project focused on modernizing and enhancing production capacity. This sustainable business development project,...
Jindal Aluminium Limited has completed a Rs 100-crore acquisition of Indo Alusys Industries Limited (IAIL) assets and begun production at the Bhiwadi facility. Along with the assets of IAIL, its manufacturing plant in Bhiwadi, Rajasthan's industrial sector was also purchased. The site, which is...
According to a statement filed with the Egyptian Exchange, Egypt Aluminum (Egyptalum) has signed a contract with Consulting Engineering Group (CEGMAN) to undertake a feasibility study for the vehicle rims manufacturing line project. Egypt Aluminum recorded a net profit after tax of EGP 304.718...
According to China customs data, the country’s aluminium extrusion exports (tariff codes 76041010, 76041090, 76042100, 76042910, 76042990) stood at 88,100 tonnes in November 2021, up by 18 per cent month-on-month and an increase of 5 per cent year-on-year. Of the total exports, the European Union...
On 20 th December 2021, the Canadian global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries, Exco Technologies Limited, publicized that it has inked a definitive agreement to acquire the extrusion dies business of Halex Holdings GmbH (“Halex ®...
The largest aluminium producer of India, Vedanta’s Aluminium Business has rolled out high-speed billets for the global extrusion industry through a virtual event with associates from the downstream and extrusion industry. The commodity tycoon Anil Agarwal chaired company’s global experts on billet...
On 17 th December 2021, the leading player in the extrusions industry in India, Hindalco Industries Limited inked a definitive agreement to acquire global aluminium giant Hydro’s aluminium extrusions business in India for INR 247 crore. The world’s largest aluminium rolling and recycling company...
