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,...
Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
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China Zhongwang resumes trading after rebutting short-selling allegations
China Zhongwang Holdings Limited, the world’s second largest industrial aluminium extrusion product developer and manufacturer, issued a clarification announcement and applied for resumption of trading today. The company provided solid evidence to rebut against the false allegations made in a short...
Pennex Aluminium unveils $38 million expansion at Leetonia location
Pennex Aluminum Company unveiled their new $38 million expansion of their extrusion and fabrication line at their Leetonia location last week. The facility now has two large aluminum press lines that company officials say are the most innovative of their kind in the world. The expansion was made...
Sapa sells automotive components company Autocar
Sapa has sold its 100-percent-owned company Autocar Tecnologie Srl to the Italian firm Il Telone. Autocar produces components, mainly in steel for roofs, doors and side pillars, for trailer OEMs and distributors in Europe. Acquired by Sapa in 2010, Autocar has annual turnover of approximately EUR 9...
William King and Snelsons join Aluminium Federation
West Bromwich-based William King and Winsford-based Snelsons are the latest companies to join the Aluminium Federation. William King, which employs around 150 people, began life as an ironmongers in the 1820s, expand during the nineteenth century to incorporate iron and steel warehousing, trading...
Aluminum production continues at Noranda's New Madrid plant following damage to casthouse
Noranda Aluminum Holding Corporation announced today that molten aluminum production at its New Madrid, Missouri aluminum plant is continuing at the same level as before an explosion yesterday in that facility's casthouse. Although the incident affected the company's production of extrusion billet,...
The Aluminum Extruders Council comments regarding blockbuster report on China Zhongwang Holdings Ltd.
Earlier this week a report surfaced on the Internet that contained a scathing series of allegations against China Zhongwang Holdings Ltd, which is reportedly the second largest extruder in the world. The report, from Dupre Analytics, contends that Zhongwang’s chairman, Liu Zhongtian, and his family...
Sapa focusing operations in China
After careful evaluation of its business in China, Sapa has decided to exit its Jiangyin plant and concentrate its operations in China to fewer sites to better serve the demanding customers in high value-add segments. Sapa has since the inception of the joint venture undergone extensive...
China aluminum semis exports hit 6-month high in June as disguised exports soar
China’s aluminum semis exports surged 46.43% year-on-year to 410,000 tonnes in June, customs data showed. Disguised exports of aluminum - shaped as aluminum semis and re-melted at destination to become a substitute for primary metal – were behind the significant growth, SMM’s aluminum research team...
China Zhongwang and Brilliance Bus join hands to successfully develop all-aluminium new energy public buses
China Zhongwang, the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia, announced that it has successfully designed, manufactured and developed all-aluminium new energy electric buses for Brilliance Bus (Dalian) Company Limited...
Management Buyout at LA Metals
The management team at Smethwick aluminium extrusion company LA Metals has bought out the company's founding partners. The management buyout (MBO) was led by managing director Joe Mullally and sales director Andy Wolliscroft and supported by a commercial finance package from NatWest Structured...
Agreement reached to end production at Sapa Extrusion Perfialsa
Sapa has reached an agreement with the workers to end production at the Perfialsa extrusion plant in Arteixo, Spain, on September 30, 2015. The company announced its intention to cease operations of the plant one month ago, and after a peaceful negotiation process, an agreement has been reached....
Alumeco India Extrusion Ltd gets approval for name change as Golkonda Aluminium Extrusions Ltd
Alumeco India Extrusion Ltd have got the approval of Registrar of Companies regarding the name change of the Company from ALUMECO INDIA EXTRUSION LIMITED to GOLKONDA ALUMINIUM EXTRUSIONS LIMITED. Shares of ALUMECO INDIA EXTRUSION LTD. was last trading in BSE at INR 6.8 as compared to the previous...
AEC to discuss how extrusions are ‘Strengthening the Future’ at 2015 Management Conference
Details have been revealed for the Aluminum Extruders Council’s (AEC) 2015 Management Conference in Chicago, Illinois. The event is scheduled for Tuesday September 22 through Thursday, September 24, 2015 at the Hilton O’Hare Airport Hotel and features comprehensive education and networking...
Cardinal Aluminum moving Jeffersonville operation to Borden
Cardinal Aluminum Co. plans to relocate its Jeffersonville operation to Borden, a news release said. Cardinal Aluminum offers extruding, fabricating, machining, anodizing, powder coating and finishing services for its clients. The Southern Indiana operation serves as warehousing space for its...
Oman firm on track to double aluminium production
Oman-based National Aluminium Products Company (Napco) said its expansion plan to double capacity is on track with equipment beginning to arrive in the sultanate ahead of schedule. The premier extruder of aluminium profiles in the GCC is planning to launch new products and services, in a bid to...
Sapa Extrusion France invests in Puget
Sapa Extrusion France is investing EUR 2 million in casthouse and fabrication equipment at its extrusion plant in Puget-sur-Argens. At the same time, the plant will adjust production capacity to improve its efficiency in a competitive French market. “The new investment will help Sapa strengthen its...
AAMA releases updated documents on aluminum finishes
The American Architectural Manufacturers Association has updated and released two documents specific to aluminum finishes: AAMA 612-15, Voluntary Specification, Performance Requirements, and Test Procedures for Combined Coatings of Anodic Oxide and Transparent Organic Coatings on Architectural...
Operating rate at Chinese aluminum rolling mills and extrusion sector to fall in June
Operating rates at Chinese aluminum rolling mills will fall in June due to softer end user demand, SMM predicts. Hot summer will undermine activity in construction, transportation, and home appliance sectors, hurting demand for aluminum plate, strip and foil. The operating rate in foil segment...
