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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Gateway Extrusions expands its Union facility
Gateway Extrusions, a fast-growing extruder of small diameter aluminum profiles, has embarked on a significant expansion of its Union facility. The company recently purchased the 129,000-square-foot production plant that it had been leasing in the Union Industrial Park, as well as adjacent...
Qatalum's Casthouse starts joint collaboration with Qatar University
Academic collaboration allows for further research in developing metallurgical competence in Qatar and Increases competence on specific casthouse products for process optimisation. This results in a wider product portfolio of high quality aluminium products for a larger global market. Qatalum's...
Sapa in Sweden wins European safety prize
European Aluminium has honored Sapa’s extrusion plant in Sweden for coming up with one of the best and most innovative safety solutions of the year. One of the highlights of European Aluminium’s Safety Workshop, held this year on June 2 in Brussels, is the naming of the most innovative solutions...
Student winners of the 2015 Aluminum Extrusion Design Competition announced
The ET Foundation, the educational and technology research organization founded by the Aluminum Extruders Council (AEC), has recognized 10 students for their outstanding entries in the 2015 Aluminum Extrusion Student Design Competition. Nearly 60 entries were received from schools and universities...
Domestic aluminum extrusion consumption grows 7.6 percent in 2014
The Aluminum Extruders Council (AEC) and the Aluminum Association today released industry estimates of aluminum extrusion shipments in North America by major market for 2014. Among key findings, domestic consumption of aluminum extrusions in the United States and Canada, which includes imports,...
Sapa to close Perfialsa plant in Spain
Sapa has announced its intention to close operations at its aluminium extrusion plant in Arteixo, Spain. The company has announced the decision to the workers' committee at the Perfialsa plant in order to begin the negotiation process, and has conveyed its willingness to propose an extensive social...
China aluminum extrusion operating rate to fall further to 58% in May
The average operating rate at Chinese aluminum extruders is expected to fall another 7 percentage points from a year ago to 58% in May, Shanghai Metals Market foresees. Despite interest rate cuts by the PBOC, it is still difficult for aluminum extruders to secure loans from banks, SMM has learned....
New tubing course sharpens technical knowledge in China
Increased knowledge is driving the use of aluminium solutions, and Sapa is one of the educators. A new course on aluminium tubing is aimed at improving the company’s ability to provide tailored technical support for customers of heat transfer solutions. In 2014, Sapa provided more than 37,000 hours...
Midas secures $53m deal to deliver fabricated parts for high-speed rail in China
Midas Holdings' subsidiary Jilin Midas Aluminium Industries (Jilin Midas) has received a series of contracts worth CNY328.9m ($53m) to deliver high-speed train car body components in China. The latest contracts include CNY185.4m ($29.8m) worth of orders from CNR Changchun Railway Vehicle and...
Aluminum Association updates on downstream market situation in North America
The Aluminum Association’s “Index of Net New Orders of Aluminum Mill Products” for April decreased 5.5 percent from the previous month. Orders for flat roll products were down 6.8 percent, while orders for extruded products declined seven-tenths of one percent and orders for redraw rod were off 6.3...
Sapa ahead of schedule for planned annual cost cuts worth 1 billion crowns
Sapa CEO, Svein Tore Holsether told Reuters that they are ahead of their schedule for the 1 billion Norwegian crowns ($134.68 million) worth annual cost cuts, in a phone interview on Monday. As a result of a joint venture between two of Norway’s biggest industrial firms Norsk Hydro and Orkla, the...
25 officials from top aluminium firms tour Gulfex factory
Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, has welcomed 25 senior officials coming from various leading international aluminium organisations to their production facilities in Dubai, UAE. The visit was held on the sidelines of the 20th edition of the...
Aluminum Extruders Council applauds prison sentence issued by federal judge
On Thursday May 14, 2015 Federal Judge Francisco Besosa in Puerto Rico handed down an 18-month prison sentence to Armando Garcia Vazquez, who pleaded guilty to participating in a fraud scheme to transship aluminum extrusions through Malaysia from China into Puerto Rico in order to avoid paying two...
Chinese aluminum smelters suffer, but processors heap profit
Many aluminum smelters in China are suffering losses, while aluminum processors make big money, a local source reported. Chalco, China’s top aluminum producer, swung into its largest-ever net loss 16.2 billion yuan ($2.6 billion) in 2014. Yunnan Aluminum Co., another large aluminum smelter, also...
Xingfa Aluminum to expand aluminum extrusion capacity to 500,000-tpy on market optimism
Guangdong Xingfa Aluminum Holdings plans to expand aluminum extrusions capacity to 500,000-tpy from current 350,000-tpy in coming five years, CNMN reported today. Liu Libin, Chairman of Xingfa Aluminum, holds positive views of the aluminum demand outlook, citing acceleration of China’s urbanization...
Middle East draws in Spanish-based aluminum extrusion manufacturer Tecalex
The Aluminium Middle East held in April revealed a lot of interest among industry participants to invest in the aluminium sector of Middle East particularly downstream segment. Low energy costs and cheap labour are the main attractions in the Middle East and companies like Spanish-based Tecalex...
Presezzi Extrusion to upgrade Kato Light Metal Industry's existing presses
The company Kato Light Metal Industry has entrusted to Presezzi Extrusion the replacement of two existing presses with two 23MN front Loading presses equipped with double tooling for 6" and 8". Both presses are designed end engineered to serve the automotive industry and to meet its technical...
Sapa releases its financial results for 2014 in its Annual Report
Sapa reported EBIT of NOK -317 million in 2014, compared with NOK -4,017 million in 2013. To provide a better understanding of the underlying performance, Sapa focuses on underlying EBIT. Underlying EBIT is defined as EBIT, adding back, impairment charges, restructuring cost and unrealized hedge...
