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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Alunoor bags key ISO certification
Qatar-based aluminium extrusion company, Abdulnoor Aluminium has won ISO certification (9001/14001/18001) for environmental, quality, health and occupational safety management standards. These certificates are the industry benchmarks in quality, management, health, safety and environment. They...
P&A International drives low cost and high performance for die casting and aluminium extrusions
P&A International, a specialist in custom diecasting and aluminum extrusions, is raising the bar in the diecasting and extrusion process thanks to its focus on collaboration. Diecasting is one of the fastest and most cost-effective methods for producing a wide range of components. However, to...
Midas achieves net profit of RMB16.4 million for 3Q 2013
Midas Holdings Limited, together with its subsidiaries, reported net profit attributable to equity holders of RMB16.4 million for the three months ended September 30, 2013, turning around from a loss of RMB6.1 million for the corresponding financial period in the previous year. Group revenue soared...
SMM Aluminum Products Data Analysis for September 2013
China’s aluminum semis output during September grew slightly from a month ago due to anemic demand. China’s aluminum semis output during September hit 3.64 million mt, a gain of 32.65% YoY and 6.93% MoM. YTD output through September hit 28.57 million mt, jumping 33.56% from a year ago, according to...
RHB Research maintains Buy on Press Metal
RHB Research has maintained its Buy call on Press metal with a higher fair value of RM3.77 from RM2.77 after its recent disposal of the loss-making Hubei smelter via an asset swap in exchange for a profitable extrusion unit. In a note on Monday, RHB said it lauds Press’ disposal of a 20% stake in...
Sapa completes sale of extrusion assets to SKA Invest
Sapa has completed the divestment of its aluminium extrusion operations in Raufoss, Norway, and its affiliated fabrication plant in Vetlanda, Sweden, to SKA Invest AS. The sale agreement, signed on September 10 this year, has been formally approved by the European Commission and the competition...
China Zhongwang announces results for first nine months 2013
China Zhongwang Holdings Limited, the second largest industrial aluminium extrusion product developer and manufacturer in the world and the biggest one in Asia and China, announced the unaudited results for the nine months ended 30 September 2013 (the "review period"). During the review period, the...
AAMA's Aluminum Material Council publishes sustainability white paper
The Aluminum Material Council of the American Architectural Manufacturers Association has released a new white paper on aluminum’s sustainability, strength and efficiency, “Aluminum: The total Solution for Sustainable, Strong and Efficient Commercial Building Design.” “The overall goal of the AMC...
ALEXASIA 2013 meet concluded successfully in Mumbai on 19th Oct
ALEXASIA 2013 meet was organised by Arkey Conference Service Cell from 17th Oct to 19th Oct at Nehru Centre Mumbai. Two concurrent International Conferences, one about Aluminium Extrusion Technology and other about Gravity Die Casting Technology also took place during the event. Dr. M. Nilmani,...
Hope launches Mono RS wheelset with Stan's Alpha 400 rim
Hope have stepped up to the mark with the Mono RS wheelset, available with six different hub colours and Mavic Open Pro rims or the Stan’s No Tubes Alpha 400 that we are testing here. While the Open Pro is a long-established winter favourite, we’ve chosen the Stan’s option for a chance to conduct...
NALCO, Auckland focuses on innovation & customer satisfaction
NALCO, National Aluminium Ltd, based at Highbrook, Auckland is an award winning company and a leading supplier of aluminium extrusion and rolled product, They specialise in design and manufacture and distribute to both local and international markets. Recently they spoke to NZManufacturer Magazine...
Tentiwal wire files DRHP on BSE SME
Tentiwal Wire Products has filed a DRHP on BSE SME platform to raise a little more than R2 Cr by issuing 1630000 equity shares of R13 each. The net proceeds will be utilized to reduce overall indebtedness of the Company by repayment of the outstanding loan from Aditya Birla Finance Ltd and for...
AVIC XI’AN aircraft industry group visits China Zhongwang
AVIC XI'AN Aircraft Industry Group visited China Zhongwang to see the aluminium extrusion production amid other matters. During the tour, AVIC XAC team saw the Group's exhibition hall, smelting and casting plant, aluminium processing plant, aluminium alloy auto-bodied manufacturing plant, dies...
China Zhongwang Introduces new die-processing machines for Extrusion Production Needs
China Zhongwang Introduces Low-Speed WEDM to Meet Aluminium Extrusion Production Needs. With the ever increasing production volume of aluminium extrusion products, demand from extrusion dies and processing tools is also increasing. To satisfy the processing need, China Zhongwang die plant recently...
Constellium joins Brunel University and JLR for automotive light metals research
Constellium N.V. has announced that in collaboration with Brunel University and Jaguar Land Rover, it has obtained an unprecedented £4.4M (Euro 5.1M) grant allocation from the Engineering and Physical Sciences Research Council (EPSRC) in the United Kingdom for the creation of a national scale-up...
Gulf Extrusions wins DNV certification
Gulf Extrusions, a leader in extruded aluminum products, has announced that it has received the prestigious DNV (Det Norske Veritas) certification for the marine applications the company supplies, especially wrought aluminium alloys. The certificate reaffirms that all of Gulf Extrusions’ marine...
Alumasc Rainwater launches new AX extruded aluminium gutter system
As Britain says goodbye to summer and braces itself for the unpredictable conditions of autumn and winter, Alumasc Rainwater has launched its new AX Extruded Aluminium Gutter Systems. The new AX range offers pioneering high capacity gutter systems, available in a choice of three profiles – Beaded...
Aluminium extruders foresee automotive sector challenges
Aluminium extruders looking to benefit from expected growth in the US automotive sector will have to grapple with stepped-up standards, possible capacity constraints and new and often-demanding clients, industry executives said. Challenges range from receiving International Organisation for...
