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 Extrusions receives Environmental Stewardship Award for implementing energy efficient lighting project
Sapa Extrusions in Miami, FL recently completed a project to upgrade their existing lighting systems to reduce electricity costs and improve lighting quality. At the same time their reduced electricity usage has resulted in less greenhouse gas emissions associated with electricity production....
Gulf Extrusions awarded ISO/TS 16949 certification for its Dubai extrusion facility
Gulf Extrusions , a leading global manufacturer of extruded aluminum products, announced that it has attained the ISO/TS 16949 certification for its Dubai extrusion facility. Achieving this international certification for the automotive industry demonstrates the company's ongoing commitment to...
Jilin Liyuan Aluminum’s extrusion output estimated at 76,000 mt in 2013
Jilin Liyuan Aluminum will likely see a 20% growth in its aluminum extrusion output in 2013 to 76,000 mt. According to Jilin Liyuan Aluminum’s 2012 annual report, the company reported RMB 1.52 billion in business revenues last year, up 23.32% YoY. Profits attributable to shareholders of its listed...
SMM expects operating rates of aluminium extrusion producers to be at 60%
SMM recently conducted surveys on domestic aluminum extrusion producers. Based on orders received by surveyed producers, SMM expects operating rates of these producers to be 60% in March. Construction of infrastructure projects has progressively restarted in south ad north China as it’s getting...
Midas bags $29.4 million Russian contract
A subsidiary of Midas Holdings has won a 22.7 million euro (US$29.35 million) contract to supply aluminium-alloy extrusion profiles to the Russian railway market, the group said on Tuesday. The deal was sealed between Jilin Midas Aluminium Industries and Ural Locomotives, a joint-venture company...
Aluminium Two Thousand Congress to shape the future of aluminium industry
Along with the motto “Let’s build the future of the aluminium world together” there is good news from the aluminium world: the Aluminium Two Thousand Congress features the technologies of the future, presented by experts from 33 different countries. Compared to the previous 7 editions of the...
Aluminium Two Thousand Congress opens the door to aluminium biggies
The 8th edition of Aluminium Two Thousand Congress at Milano, Italy during 14-18 May, 2013 will offer unbelievable opportunities to the delegates. Opportunities THE TECHNICAL TOURS Friday, May 17, the most important Italian companies in the aluminium industry, will open their doors to present to...
Alba becomes member of Aluminum Extrusion Council
Aluminum Bahrain B.S.C.’s resolve to consolidate its commitment to the growing US aluminum market provided one of the key motivations behind its membership of the Aluminum Extruders Council – the premier association for extrusion companies and suppliers in the US. Alba’s membership to this...
Midas wins five metro contracts worth RMB109.6 million
Midas Holdings Limited announces that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd has won a combined RMB109.6 million worth of contracts to supply aluminium alloy extrusion and fabricated parts to five PRC metro projects. Mr Patrick Chew, Chief Executive Officer of Midas, said, "We...
China Zhongwang's Net Profit Surges 63.5% to RMB1.81billion in 2012
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 its audited results for the 12 months ended 31 December 2012. The Group's revenue and profit attributable to equity...
Japanese group to buy out Bhoruka Aluminium's Mysore extrusion business
Japanese conglomerate YKK Group is in an advanced stage of negotiations to buy out the aluminium extrusion business of Mysore-based Bhoruka Aluminium. The world's largest manufacturer of zippers and hooks is expected to pay Rs 120 crore to acquire the business, which includes India's second-largest...
Crystal Extrusion Systems Mark 10th Anniversary
Crystal Extrusion Systems in Union ushered in 2013 as its 10th anniversary in operation. The Missouri-based aluminum extrusion and finishing firm will mark the corporate milestone with several customer and employee celebratory events during the year. Crystal Extrusion Systems provides aluminum...
Bonnell Aluminum Commits to Invest on Automotive aluminium industry
Bonnell Aluminum, a subsidiary of Tredegar Corporation (TG), announced that it will be investing $17 million over the next 12 months to fund an expansion project that will include the purchase of a new state-of-the-art aluminum extrusion line dedicated to serve the growing demand from automotive...
Qatalum inks supply deals with ALUNOOR, Qatar Aluminium
Qatalum, the Qatari aluminium smelter, has announced the signing of supply contracts with ALUNOOR and Qatar Aluminium Extrusion for the sale of premium aluminium. The signing ceremony at the Qatalum office in Mesaieed was attended by Qatalum CEO Tom Petter Johansen and Deputy CEO Khalid Mohammed...
Pennex to lease part of ILSCO’s aluminum plant
ILSCO Extrusions Inc. and Pennex Aluminum said Friday the two companies reached a long term agreement for Pennex to lease the aluminum billeting operation at ILSCO’s Sugar Grove Township plant. Terms of the deal, including the length of the agreement or the financial arrangements, were not...
Student Entries Sought for 2013 Aluminum Extrusion Design Competition
Students studying architecture, design, engineering or a related field have the opportunity to submit their designs for a chance to win a scholarship through the 2013 International Aluminum Extrusion Design Competition. Hosted by the ET Foundation, the educational and scientific organization...
Al Andalus grows portfolio with latest additions
Al Andalus Holding Company continues to steer ahead with a well-devised growth plan that includes adding the latest and best technologies to its portfolio, which has ensured its success in the building and construction industry. The Saudi-based company is now planning to set up one more extrusion...
China Zhongwang signs USD200 million syndicated loan facility
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 today the signing of a USD200 million three-year syndicated term loan facility with a consortium of 15 mainland...
