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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Sapa acquires UK-based aluminium components company
Sapa is strengthening its range of advanced aluminium solutions with the acquisition of UK-based Holden Aluminium Technologies Ltd. Sapa has taken over the operation with effect from April 1, 2014. Holden’s aluminium extrusion fabrication plant is located in Bromyard, England, and employs...
Lanka Aluminium’s products shine at Architect’s Exhibition 2014
Lanka Aluminium Industries PLC’s "Lux" innovative product range targeting both the housing as well as commercial buildings created a significant amount of interest at the recently concluded Architect’s Exhibition 2014. Lanka Aluminium is the pioneer to introduce powder coated aluminium extrusions...
China Zhongwang Holdings 2013 profit up 18%
China Zhongwang Holdings said Thursday that its profit attributable to equity holders for the year ended 31 December 2013 rose to RMB2.13 billion or RMB0.39 per share from RMB1.81 billion or RMB0.33 per share in the previous year. Revenue for the year grew 6 percent to RMB14.31 billion from...
China's Aluminium Semis Exports to Climb in 2014 on Domestic Cost Advantage: SMM
China’s aluminium product exports are expected to climb in 2014 as semis producers are gaining a cost advantage from more depressed domestic prices of the metal, Shanghai Metals Market said at its 9th Copper & Aluminium Summit. Chinese exports of aluminium plates and strips may rise by 9.5%...
Midas wins RMB71.9 million worth of contracts from CNR Changchun
Midas Holdings Limited today announced that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd ("Jilin Midas") has won RMB71.9 million in orders from CNR Changchun Railway Vehicles Co., Ltd ("CNR Changchun"). The first contract, worth approximately RMB47.2 million, will see Jilin Midas...
Canada Tribunal continues its findings on aluminum extrusions from China
The Canadian International Trade Tribunal today continued its findings made on March 17, 2009, in Inquiry No. NQ-2008-003, as amended by its determination made on February 10, 2011, in Inquiry No. NQ-2008-003R, concerning the dumping and subsidizing of aluminum extrusions from the People's Republic...
Sapa completes divestment of MPE business in Harderwijk
Sapa has completed the divestment of its multi-port extrusion business in Harderwijk, Netherlands, to Standard Investment. The sale agreement, signed on December 20, 2013, has been formally approved by the European Commission. The transaction was completed on February 20. The divestment of the...
Sri Lanka’s Alumex IPO worth Rs.853 million oversubscribed
The aluminium extrusions maker in SriLanka, Alumex’s initial public offer of 853 million rupees was oversubscribed within few hours of its opening. According to NDB Investment Bank, the validity of the offer would last till 4:30 pm, the next day. A sum of 17.85 mn shares was offered by the firm to...
Jilin Liyuan starts the operation of 100-MN extrusion press from SMS Meer
Jilin Liyuan Aluminium Company based in Liaoyuan, Jilin Province of China, has commissioned a 100-MN extrusion press (front-loading) supplied by SMS Meer in Germany. With this extrusion press, the Chinese company is making every effort to expand its product portfolio in the present market for large...
A Midas-Touch from Midas Holdings In 2013
Midas Holdings Limited announced its financial results for the financial year ended December 31, 2013 (FY2013) last Friday evening. The company was founded in 2000 and has a good history of supplying to China’s rail transportation sector as well as exporting its products to other parts of Asia and...
Midas Holdings net profit up 71.3% to RMB47.7m
Midas Holdings Limited (Midas) recorded net profit attributable to equity holders or net profit of RMB47.7 million for the financial year ended December 31, 2013 (FY2013), up 71.3% from RMB27.8 million in the previous financial year (FY2012). Group revenue rose 32.0% from RMB869.5 million in FY2012...
Rio Tinto Alcan teams up with NRC to expand use of aluminium in vehicles
Rio Tinto Alcan Inc, Canadian aluminium producer has signed a 5-year partnership with National Research Council of Canada (NRC) to expand aluminium use in light vehicles & trains. “We see that the demand in the automotive market will be growing within the next few years, so we want to find new ways...
Bonnell Aluminum begins production on New Extrusion Line dedicated to automotive
Bonnell Aluminum, a subsidiary of Tredegar Corporation (TG), announced today that its new extrusion line has begun production, and the volume ramp-up is progressing as planned. “We are excited about our early entry to the automotive industry, at a time when fuel efficiency standards are driving...
Sapa Extrusions converts its aluminum Design Manual to an app
In an attempt to reach customers, engineers, designers and new generation of students, Sapa Extrusions has converted Design Manual to an app for use on tablets and smartphones. Originally published in the year 1980, this design manual is available now to the visitors of extrusion-specific websites...
Aluminum Extrusion Fair Trade to be Addressed at AEC 2014 Annual Meeting & Leadership Conference
The Aluminum Extruders Council (AEC) announces that Robert DeFrancesco, Attorney at Law, Wiley Rein LLP, will be making a special presentation at the AEC’s 2014 Annual Meeting & Leadership Conference, March 18-20, which will be co-located with CRU’s Aluminum Trends Conference at the Biltmore Hotel...
Sudal Industries receives “GRANT OF ACCREDITATION”
M/s Sudal Industries Ltd., Nasik received a “Grant of Accreditation” from NABL (National Accreditation Board for Testing and Calibration Laboratories) under the siege of Department of Science & Technology of Govt. of India in accordance with ISO / The accreditation is given to the Laboratory of the...
Federal Government in Nigeria has been urged to put a stop on exportation of scrap metals
The Federal Government has been urged to protect the aluminium extrusion and steel industry by putting a stop to exportation of scrap metals, as it is hindering growth in the sector. Managing Director/CEO, Tower Aluminium Nig. Plc, Dr. Jinesh Chandra Dugad made the call in an interview with...
Balexco displays aluminium extruded products at the Gulf Industry Fair
Bahrain Aluminium Extrusion Company (Balexco) is putting the spotlight on a new version of its Bahrain Luxury System, which is a lift-and-slide thermal break system. The company is also showcasing its structural glazing systems, the hinge system and extrusion products at the show. The company is...
