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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RHB Research maintains buy on Press Metal, FV RM2.77
RHB Research is maintaining its Buy call on Press Metal with a fair value of RM2.77, which is a 30% discount to its fully diluted discounted cashflow valuation. It said on Friday Press Metal’s disposal of its loss-making Hubei smelter did not impact its RM2.77 FV. The FV also implied an undemanding...
Norsk Hydro ASA : Sapa to sell Raufoss extrusion and Swedish assets to SKA Invest
Under the agreement, SKA Invest will buy the former Hydro Aluminium Profiler AS extrusion plant at Raufoss, including its affiliated fabrication plant in Vetlanda, Sweden. SKA earlier acquired other businesses from Hydro - Hydal, Extrusion Tools and Hytrans. "SKA Invest has in the past acquired...
P&A International announces a promotion for orders on newly designed products
P&A International, a company that provides top quality sheet metal fabrication services in China, including aluminum die casting and more, has just announced that it is offering a promotion for orders on newly designed products. During the month of September, 2013, customers will receive a free...
Eltherington Group revamps business by making a £250,000 investment
Aluminium company Eltherington Group has revamped its stockholding business after making a £250,000 investment. The Hull-based firm, which supplies aluminium extrusions, sheet, plate and bars to fabricators and specialist manufacturers across the region, has introduced new products, a new pricing...
Sierra Aluminum to add new Extrusion Press
Sierra Aluminum Co. is planning an expansion project in mid-2014 that will include the addition of a UBE Extrusion Press to complement its six current presses, according to an Aug. 27 company release. The 2,500 ton single-action short stroke extrusion press will be installed in Sierra's newest...
Brazil's extruded aluminum market to post moderate 7-8% growth in 2013
Sao Paulo-based aluminum extrusion producer Sapa Aluminium Brasil forecasts moderate growth for the Brazilian market this year, CFO Roberto Silva told BNamericas. "The extruded aluminum market is heavily influenced by investments in local economies. Sapa Aluminum forecasts for this year moderate...
China exported 280,000 mt of aluminum semis during July 2013
China exported 280,000 mt of aluminum semis during July, an increase of 21.74% from the same period last year. YTD exports through July totaled 1.76 million mt, also up 6.67% from a year earlier. Aluminum extrusion exports in July, however, fell 25.2% YoY to 54,000 mt, dragged down by weak overseas...
Norsk Hydro and Sapa complete aluminum extrusion joint venture
The transaction to combine Norsk Hydro's aluminum extruded products business area and Orkla's Sapa into a 50:50 joint venture has been completed as planned, the two Norwegian companies said Monday. Last October, the two companies announced a proposed joint venture which would own and operate the...
China Zhongwang Posts 3.3% Gain in H1 Profit
Leading aluminium extrusion producer China Zhongwang Holdings Ltd. reported a 3.3% gain in the first half profit on increased sales and improved profit margins. Zhongwang made a net profit of 1.07 billion yuan ($174 million) or 0.20 yuan per share in the first six months, the company told Hong Kong...
TruckCraft launches aluminum service body
TruckCraft introduced its new Lancer, an aluminum service body for single rear wheel pickup chassis. The company said the unit’s deck floor and understructure are made from extruded 6061 T6 alloy with tensile strength equivalent to steel, the that the body weighs just 640 lbs, about what a typical...
Sapa Extrusions up-and-running after fire accident
Sapa Extrusions plant manager Ron Ballman says the Delhi aluminum manufacturer is back in full production following a weekend fire that briefly shut down operations in the cast house. The fire occurred about 6:30 p.m. Saturday because of moisture in the molten metal area. A flash fire ignited...
Prince George aluminum products maker expanding its plant
Aluminum products maker Service Center Metals Inc. is marking its 10th year in business with an expansion of its plant in Prince George County. The company has started construction on an 80,000-square-foot building adjacent to its plant in the SouthPoint Business Park. The expansion is expected to...
Extruded Aluminum helps Tesla’s Model S achieve record in auto safety testing
Tesla Motors’ Model S set new records in safety testing conducted by the National Highway Traffic Safety Administration (NHTSA) thanks, in part, to the abundance of extruded aluminum used in the vehicle. The Model S scored a 5-star safety rating overall and in every subcategory in which the car was...
AEC launches new campaign focusing on Aluminum Extrusion Fair Trade
The Aluminum Extruders Council (AEC) has launched a new campaign to raise awareness and understanding of the AEC Aluminum Extrusion Fair Trade Initiative. The campaign centers on the theme, Fair Trade – It Matters! The Aluminum Extruders Council has led the U.S. aluminum extrusion industry in...
Midas net profit jumps up to RMB14.9m
Midas Holdings Limited reported net profit attributable to equity holders of RMB14.9 million for the three months ended June 30, 2013 , from RMB1.6 million for the corresponding financial period. Group revenue rose 29.2% from RMB219.8 million for 2Q2012 to RMB284.0 million for 2Q2013. The Group’s...
SAF announces new 3-day-out paint program for Aluminum Extrusions & Sheet
SAF (Southern Aluminum Finishing Co., Inc.) adds a 3 day paint service for their stock aluminum extrusions and sheet. The SAF 3-Day-Out Paint Program features quality Fluoropolymer, AAMA 2605 compliant painted extrusions and sheets in just 3 business days. "With coordinated efforts throughout the...
Jindal highlights significant growth at SAPA Aluminum Facilities
Today, Governor Bobby Jindal and Sapa Excursions LLC Plant Manager Ron Ballman highlighted the growth of Sapa’s two manufacturing facilities in Delhi. Sapa, the world’s largest aluminum extruder, agreed to move its Redd Team production line from Magnolia, Arkansas to a newly created Louisiana...
Buckeye Shapeform builds custom extruded aluminum enclosure for innovative LED spotlight
Like many great inventions and discoveries, FUEL Lighting, a manufacturer of innovative wireless lighting systems, emerged into the market after the unique needs of its preceding company, Boston Uplights, went unanswered. Boston Uplights owner Paul Therrien needed a new kind of spot light that was...
