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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Taber Extrusions Upgrades Sawing Capabilities
Taber Extrusions, a major aluminum extrusions company, has announced the addition of two new equipment improvements at its facility situated in Arkansas. With the inclusion of these machineries, Taber Extrusions has upgraded its precision saw-cutting capabilities for customized aluminum extrusion...
Hydro signs long-term supply contract with Alloc
Alloc revolutionized the floor industry in 1996, when the company introduced a locking system that made it possible to lay floors without using glue. Alloc has now developed a system that provides greater precision and locking effect, and which greatly simplifies installation. The heart of the...
Benada Aluminum Motions to sell Extrusion equipment and Related Assets to Tubelite
Benada Aluminum Products LLC, which filed for Chapter 11 bankruptcy in August, has motioned for approval of an asset sale of certain of its extrusion equipment and related assets to Tubelite Inc. for a purchase price of $2.9 million. The motion was made in the U.S. District Court for the Middle...
AEC & its Members to Promote Aluminum Extrusions at Solar Power International
The aluminum extrusion industry will be united in promoting the use of aluminum extrusions during Solar Power International at the Orange County Convention Center in Orlando, Florida, September 10-13, 2012. The Council and three member companies will be exhibiting at the show, sharing information...
Japan's auto aluminum extruders seeking overseas buyers to boost output
Japanese producers of aluminum extrusion for automotive components were seeking buyers in overseas markets so that they will be able to maintain their output levels, mill sources said Friday. In July, production hit a high last seen in October 2008. Japan's 69 rolling plants produced 12,536 mt of...
The York City Council approved Pennex Aluminum expansion plans
The York City Council on Tuesday evening approved a land development plan submitted by a local metal maker that will add jobs and expand its facilities. Wellsville-based Pennex Aluminum intends to double its size to span 40,000 square feet in York City Business and Industrial Park, where the...
Hydro to introduce solar-inspired edition of its extrusion-design manual
Hydro, a global supplier of aluminium and aluminium products based in Norway, will introduce a solar-inspired edition of its popular extrusion-design manual at Solar Power International 2012 on 10-13 September at the Orange County Convention Centre (booth 1063) in Orlando, Florida (US). “It is a...
AEC Releases Educational Course for Architects
The Aluminum Extruders Council (AEC) has released a new online learning course for architects, designers, engineers, building developers and professionals available on AECDaily.com, a continuing education website for building and construction professionals . The course, Aluminum Extrusions, was...
Zhongwang's profits surge in first half of 2012
China Zhongwang Holdings Limited, the second-largest industrial aluminum extrusion product manufacturer in the world, realized a net profit of 1.04 billion yuan ($165 million) in the first half, representing a 152 percent growth year-on-year, the company said on Wednesday. The company's revenue...
Zhongwang expects aluminum use in automobiles to boost demand
China Zhongwang Holdings Ltd. (1333), Asia’s largest maker of extruded aluminum products, said demand is increasing as carmakers use more of the lightweight metal in place of steel. “Aluminum usage in cars has changed noticeably in the past year,” Executive Director Lu Changqing said in an...
Gulf Extrusions witnessed three-fold increase in its India exports
Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf region, has witnessed a three-fold increase in its export volumes to the Indian market in the first two quarters of 2012, said a senior official. A part of the Al Ghurair Group of Companies, Gulf Extrusions produces aluminum...
Norsk Hydro sells Portuguese extrusion plant
Norwegian aluminium firm Norsk Hydro has agreed to sell its Portalex extrusion plant in Cacem, Portugal, to Germany's Bavaria Industriekapital AG for an undisclosed sum, the company said on Wednesday. The transaction is expected to close on Aug. 31, Hydro said, adding that the plant, which handles...
Hydro to close Monett extrusion plant, add operations in Phoenix
Hydro is making adjustments to the structure of its aluminum extrusion network in the United States. The company has today announced that it will cease extrusion operations at its facility in Missouri, and that it will bring new fabrication activities to its plant in Arizona. The Monett-based...
Neuman Extrusion accepted into export trade program
The Virginia Economic Development Partnership announced the acceptance of Neuman Aluminium Impact Extrusion of Waynesboro into its two-year Virginia Leaders in Export Trade program. Launched in January 2002, the VALET program assists exporters in the Commonwealth that have firmly established...
Norsk Hydro to sell its Portuguese extrusion plant
Norwegian aluminium firm Norsk Hydro has agreed to sell its Portalex extrusion plant in Cacem, Portugal, to Germany's Bavaria Industriekapital AG for an undisclosed sum, the company said on Wednesday. The transaction is expected to close on Aug. 31, Hydro said, adding that the plant, which handles...
Maan Aluminium increases its Aluminium Extrusion capacity to 9000 MT per annum
Maan Aluminium Ltd has successfully commissioned a new 1320 MT Extrusion press alongwith a modern 10 MT foundry and Hot Top Casting Machine at an overall cost of Rs. 10 Crores thereby increasing the Aluminium Extrusion capacity to 9000 MT per annum. The Maan Aluminium Ltd stock closed the day at...
Chinalco to fund aluminum extrusion project with Sapa Group
The Aluminum Corporation of China, commonly known as Chinalco, signed an agreement with a Swedish company in Beijing last year to fund a project in the Xipeng Aluminum Industrial Zone in the Jiulongpo district of Chongqing municipality. Sapa Group, a Swedish company that makes extruded aluminum...
Bombardier Honours Midas with Supplier of the Year Award
Midas Holdings Limited announced today that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd has won the "Supplier of the Year Award" from Bombardier Transportation, the rail equipment manufacturing and servicing division of Bombardier Inc. Listed on the Toronto Stock...
