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,...
Grow with
AL Circle
Vimetco Extrusion starts production on new extrusion press from SMS Meer
Vimetco Extrusion has successfully commissioned a 32/35-MN-short-stroke front-loading extrusion press supplied by SMS Meer at its works in Slatina, Romania. The company uses the machine to produce aluminum profiles for the automotive industry and for building applications. Compared with...
AEC process optimization workshop offers a “Soup-to-Nuts” overview of extrusion process
The Aluminum Extruders Council (AEC) is offering a newly revised and enhanced educational workshop that provides aluminum extruders with a comprehensive review of the entire extrusion process. The AEC Process Optimization Workshop is scheduled for Tuesday, November 4 and Wednesday, November 5, 2014...
Altaiseer orders two extrusion presses from SMS Meer
Altaiseer from Riyadh, Saudi Arabia, has placed an order with SMS Meer for two 25/27-MN extrusion presses for the Riyadh site. Altaiseer uses the presses to manufacture high-quality aluminum profiles for facades. Through the use of energy-efficient drives and ancillary equipment, the extrusion...
Gulf Extrusions’ “Twisted profile” to be displayed at Aluminium 2014 exhibition
Gulf Extrusions (Gulfex), a leading global manufacturer of extruded aluminium products, has revealed that its ‘ twisted profile’ the Middle East region’s first-of-its-kind aluminum twisted profile, has been nominated to be the most innovative product of the year and to be displayed at the...
Astas Alüminyum relies on the newest press generation from SMS Meer
Astas Alüminyum San. Ve Tic. A.S. (Astas) from Istanbul, Turkey, has placed an order with SMS Meer for the supply of a 14-MN HybrEx extrusion press. It is the first machine of this kind for the Turkish aluminum market. Compared with conventional extrusion presses, the new technology reduces energy...
China aluminum semis exports up 19.8% in August 2014
China exported 320,000 mt of aluminum semis in August, on par with July’s level, but up 19.8% YoY, customs data indicated. Falling SHFE/LME aluminum price ratio has encouraged Chinese processors to ramp up exports. Export volumes in September and October look set to hold near August’s high levels....
AFCO announces expansion
Alexandria-based AFCO Industries recently announced it is expanding with a new facility in Olmstead, Ill. The $1.9 million plant will perform aluminum extruding and painting operations and employ 19 people. "As a 68-year-old, 100 percent employee-owned company, we are looking forward to being good...
Aluminium Extrusion Industries enjoys increased sales by 11.88 percent
Aluminium Extrusion Industries plc has increased sales by 11.88 percent by their focus strategy and marketing penetration despite country’s ongoing battle with cheap imports. In the first half of 2014, this Nigerian roofing company has upped its revenue by 11.8 percent, jumping from N894.91 to N1...
Constellium introduces its new PAVIM lightweight extrusion technology and streamlined CNC-machining capabilities at InnoTrans 2014
Constellium N.V. announced today at InnoTrans 2014 its new streamlined CNC-machining capability for producing customized parts ready for assembly. The Company will feature an interactive cross-section model composed of its PAVIM structural extrusions based on the Warsaw Metro’s body shell, and will...
Sapa moving a section of Guelph facility to Mississauga
Sapa has decided to close its Guelph facility in Ontario after they reviewed the aluminium market in Canada. The facility is located at a prime location that facilitated valuable fabrication and horizontal paint capacity, despite that, Sapa plans to close the facility so that they can optimize on...
Bullish view on aluminium price recovery proves beneficial for Press Metal
It is the time for Press Metal Bhd (Press Metal) to shine as analysts expect the group to ride on aluminium price recovery and margin expansion in its Manufacturing and Trading (M&T) to drive earnings growth. According to the research arm of Kenanga Investment Bank Bhd (Kenanga Research), it holds...
Elkhart firm's expansion could result in 25 new jobs
An Elkhart firm plans to expand and add 25 new jobs in the next three years. Those intentions came to light Monday, Sept. 8, when representatives of Sapa Extruder Inc., requested a three-year tax abatement from the Elkhart City Council. Sapa Extruder plans to invest $6 million in new construction...
China’s aluminum semis exports up 14.3% MoM in July
China exported 320,000 mt of aluminum semis in July, up 15.1% YoY and 14.3% MoM, China Customs data revealed. Extrusion exports increased 34.92% YoY and 4.32% MoM to 72,500 mt in July. Foil exports also grew 15.81% YoY and 12.73% MoM to 78,800 mt. Exports of plate/sheet and strip totaled 151,700...
Fujian Minfa Aluminum's H1 profits down 23.67% on falling prices, rising costs
Fujian Minfa Aluminum INC. reported a 23.67% year-on-year fall in profits to 17.83 million yuan ($ 2.89 million) during the first six months of the year due to falling aluminum extrusion prices and rising costs, it said in its semiannual financial report. Margins of aluminum extrusions were...
China Zhongwang revenue rose 13.2% year-on-year
China Zhongwang Holdings Limited, the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one inAsia and China, announced the unaudited results for the six months ended 30 June 2014. China Zhongwang recorded steady growth in product sales...
Henan Mingtai Al. posts 58.84% rise in H1 profit
Henan Mingtai Al. Industrial Co.’s net profit increased 58.84% year-on-year to 50.59 million yuan ($8.2 million) in the first six months, the company said in its mid-year financial report filed to Shanghai Stock Exchange. Lower cost was among contributing factors to this growth in net profit, the...
China’s aluminum semis exports grow less than expected to 280,000 tonnes in June
China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned. Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes. Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to...
Sapa in new offshore application
A lot of aluminium extrusions from Sapa are used offshore. System 2000 Group in England has just developed an extrusion-based application that protects employees during drilling operations and enables 100 percent drilling productivity. The development process began when one of Sapa’s long-standing...
