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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Constellium invests €15 million in new casthouse and extrusion line in Decin
Constellium N.V. announced today that it has finalized a €15 million investment in its site located in Decin, Czech Republic, to further its strategy of boosting production capacity of high-volume specialty alloy products to supply primarily the European automotive market. The investment includes a...
Aluminium Extrusion profits surge 37.19% on focus strategy
In spite of the economic challenges in Nigeria, Aluminium Extrusion Industries plc, a company that manufactures extruded aluminium products, started the year on a stellar good note. The company was able to translate top-line impressive performance into bottom-line growth as revealed by analysis....
Signature Associates closes the industrial sale of 190,000-square-foot in Michigan
Signature Associates has made negotiations during the sale of a 190, 947 sq. foot industrial building in Michigan. Ted Vilek and Jeff Chystal of Signature Associated were the sellers while Toyota Tsusho America, Inc. represented the buyer, WKW Erbsloeh North America, Inc. WKW Erbsloeh North America...
Getec Industrial announces turnkey services for aluminum extrusion heat sinks
Getec Industrial announces the Getec Advantage with aluminum extrusion heat sink turnkey services. As a thermal management solutions company, Getec is dedicated to quality turnkey manufacturing. Getec recently launched an aluminum billet casting division, which is another example of their unique...
LB Aluminium plans expansion
Semenyih-based LB Aluminium Bhd is looking to undertake another major expansion exercise this year, in line with the growing aluminium extrusion industry in Malaysia. It is currently in the midst of preparing the budget for the expansion. However, details of its expansion will only be finalised by...
In post-Modi era, Japanese industrial zone first project to take off in state
In a major development on the industrial front in Gujarat, the state’s exclusive Japanese industrial estate will be launched in the first week of June, when the first manufacturing unit from the land of the rising sun lays the foundation stone at Vithalapur, located about 95 kilometers north-west...
Sapa publishes Sustainability Report
Sapa has published its 2013 Sustainability Report. The report concentrates on the environmental, health, safety and social perspectives of the new joint venture’s consolidated sustainability initiatives. “We have made progress on our sustainability objectives, but still lack targets in some areas....
Sapa gives notice about manning reductions in Sweden
Sapa’s aluminium extrusion unit in Sweden has informed its organization about the potential reduction of 80 employees. Union representatives have been notified and will begin local negotiations shortly. Sapa’s long-term strategy is to build strong and effective production units that meet the...
TUUCI Asia turns heads with top quality
Using finished and unfinished profiles from Sapa, TUUCI Asia in Vietnam is assembling some of the most recognizable umbrellas on earth. Amid the buzzing streets of Ho Chi Minh City, employees at TUUCI Asia are quietly assembling umbrellas that “are utilized by many of the largest restaurant chains...
Aluminum Association updates on downstream market in North America
Aluminum prices had their ups and downs this week. The LME cash price rose $40/mt to its mid-week peak of $1,758/mt only to retreat to $1,732/mt at week’s end. Estimated shipments of Extruded Products by U.S. and Canadian producers totaled 1,090 million pounds in the first quarter of 2014, up 6.7...
North American Aluminum new mill orders rose 0.32% in April ‘14
The statistics released by the Aluminum Association indicates that the new mill orders for the month of April 2014 have increased marginally by 0.32% over the previous month. The year-to-date new mill orders index is down 1.16%. New orders for plates were down in April when compared with March this...
Sapa restructures operations in Italy
After analyzing and evaluating the most appropriate measures for adjustment to the market situation, Sapa has decided to start a restructuring process with the intention of closing its aluminium extrusion plant in Fossanova, Italy. On May 5, Sapa communicated to local authorities and union...
Georgia Profile Extrusion Company’s aluminum extrusion assets acquired by Highlander
Highlander Partners, L.P., today announced it has acquired the aluminum extrusion assets of Profile Extrusion Company located in Rome, Georgia. The operations will continue to operate from the Georgia location under the name of Profile Custom Extrusions, LLC ("PCE") with the current management team...
Elkhart Company announces aluminum agreement
Drew Industries Incorporated , a leading supplier of components for recreational vehicles (RVs) and manufactured homes, today announced that its wholly-owned subsidiary, Lippert Components, Inc., has entered into a 6-year aluminum extrusion supply agreement with Atrium Windows and Doors, Inc....
A Strategic Outlook for Aluminium in the Electrical & Electronics Sector to 2022
Global Information Inc. announces the addition of a new market research report "A Strategic Outlook for Aluminium in the Electrical & Electronics Sector to 2022" at GIIResearch.com This study provides a comprehensive review of the market for aluminium in the Electrical & Electronics (E&E) sector in...
Average operating rate expected to be stable at Chinese Aluminum Fabricators
According to a survey made by a Shanghai Metals Market, it is expected that the production rate at the aluminum fabricators in China will have a lit bit of change in the month of April. It is expected that the average operating rate at the Chinese extrusion producers will be 64% in the month of...
AEC announces new Vice Chairman and four new Extruder Directors
The Aluminum Extruders Council (AEC) announced the results of the annual election of officers and directors at the 65th Annual Meeting & Leadership Conference on March 19, 2014 in Coral Gables, Florida. Richard A. Merluzzi, CEO of Pennex Aluminum Company in Wellsville, Pennsylvania, was re-elected...
Sapa to close extrusion plant in Miami
Sapa is closing its aluminum extrusion plant in Miami to optimize its organization and capacity to deliver aluminum solutions to customers in the North American market. Since the creation of the Sapa joint venture in September 2013, the organization in the United States has been engaged in a number...
