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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Aluminum manufacturer wins land bid
China Zhongwang Holdings Ltd, the world's second-largest manufacturer of aluminum extrusion products by volume, has won a bid for land use rights in Tianjin at a price of some 1.4 billion yuan ($222 million), the company announced Friday. The 50-year lease is for a 5.5 million square meter property...
Sapa Signs Technology Agreement with Japanese Kobe Steel
Sapa AB of Sweden and Kobe Steel Ltd. of Japan have signed an agreement under which Kobe Steel will provide Sapa with production technology for aluminum extrusions to be used in Sapa's more than 50 extrusion plants in Europe, North America and Asia, according to information from Sapa. The agreement...
Kobe Steel Ltd : March 6, 2012 Kobe Steel signs global technology agreement with Swedish Sapa
Kobe Steel, Ltd. has signed a technical transfer agreement with Swedish Sapa AB under which Kobe Steel will provide Sapa with production technology for high-quality aluminium extrusions to be used in Sapa's 50 extrusion plants in Europe, North America and Asia. Both companies excel in aluminium...
Japan's January rolled aluminum shipments flat on year at 156,455 mt
Japan's 69 rolling aluminum mills shipped a total 156,455 mt of sheets and extrusions in January, in line with the 156,643 mt shipped in the same month a year earlier, Japan Aluminum Association data showed Tuesday. Sheet shipments fell 8.2% year on year to 84,732 mt in January, but this was offset...
Bonnell Closing Aluminum Extrusion Plant in Kentland
Offcials at Tredegar Corp. of Richmond, Va., announced that the company's Bonnell Aluminum subsidiary will close its plant in Kentland, Ind., according to a company news release. The plant, which employs 146 people, is scheduled to close by September 30, 2012. Tredegar officials estimate that the...
Tredegar Closing Aluminum Extrusion Plant in Kentland, Indiana
Due to the high volume of mass layoff notices this week, it will be another four post day here at TDS as I try to clear out the backlog. This latest story is from Enhanced Online News: Tredegar Corporation announced that its Bonnell Aluminum subsidiary will close its plant in Kentland, Indiana. The...
Japan aluminum re rollers operating rate drops to 79pct in CY2011
According to Japan Aluminum Association, Japanese aluminum re rollers' operating rate was averaged at 79.3% in 2011 which downturned after 2 years. Rolled aluminum production decreased mainly for flat products through the year. The demand temporarily dropped from car industry after the Japan...
Aluminum Manufacturer To Expand Its Plant In Delhi, Louisiana
Sapa Extrusions North America, an aluminum manufacturer producing products that range from sliding doors to stadium seats, will expand its factory in Delhi, a city of just over 3,000 residents in northeast Louisiana. Sapa Extrusions is subsidiary of the Orkla Group, based in Stockholm Sweden. Plant...
Jindal praises work force for Sapa expansion
The expansion of Sapa’s aluminum extrusion facility in Delhi marks a boost to the local economy by way of creating 100 new jobs and an opportunity for the company to diversify its customer base and profile, Gov. Bobby Jindal said Thursday. Jindal was speaking at the ribbon-cutting of Sapa’s second...
MISUMI to Feature Aluminum Extrusions at ATX West 2012
MISUMI USA, a supplier of fixed and configurable components for plastic mold, press die and factory automation industries, announced that it will display its wide range of aluminum extrusions and accessories at ATX West 2012. The strong and durable product ranges from the company are utilized in...
Futura Industries Plans $23 million Expansion To Its Utah Aluminum Processing Facility
“Futura Industries in Clearfield, Utah will invest an estimated $23 million to expand its plant that turns heated raw aluminum into parts used in various industries ranging from automotive parts to flooring, home improvement to fitness equipment manufacturing, a spokesman for the Utah Governor’s...
YSC Cashes In On Aluminum Bike Parts This Year
Actively improving aluminum production technologies, Yeong Shyh Cheng (YSC) Alu Co., Ltd., a Taiwanese maker of aluminum extrusions, has received a flood of contract orders for bike parts of aluminum, poised to cash in on the segment this year. The company has been specializing in aluminum and...
Aluminum extrusion products maker closing Kentland plant
An aluminum extrusion products manufacturer is shuttering its only Newton County operation later this year. Richmond, Va.-based Tredegar Corp. said last week its Bonnell Aluminum subsidiary plant in Kentland, which employs 146 people, would close by the end of the third quarter, a statement on...
Aluminum siderail added to Fontaine trailer
Fontaine Trailer Co. is now offering its Infinity trailers with the patented RASR Routed Aluminum SideRail. The Infinity line includes platform, dropdeck, and twistlock container trailers. The RASR siderail is a one-piece aluminum extrusion that is significantly lighter than steel and withstands...
Newton County aluminum plant to close; 146 to lose jobs
At least 146 employees of a Newton County aluminum extrusion plant will lose their jobs this summer when the facility is closed. The Bonnell Aluminum factory at Kentland, northwest of Lafayette, has been operating at a loss for several years, according to a statement from the parent Tredegar Corp....
QIMC extrusion subsidiary to start production in Q1
Qatar Industrial Manufacturing Company (QIMC) has said its subsidiary Qatar Aluminium Extrusion will start commercial production of extruded profile by the end the first quarter and the four-fold capacity expansion in its Qatar Acids Company is expected by early next year. “The plant of Qatar...
Japan flat aluminum shipment maintains YoY minus in Dec
Japan Aluminum Association has announced that Japanese monthly output of rolled aluminum products including flat and extruded products decreased by 6% to 159,845 tonnes in December from a year earlier while the shipment decreased by 6.1% to 157,497 tonnes. Both of the production and the shipment...
China Zhongwang boosts overseas business
China Zhongwang Holdings Ltd, the world's second-largest manufacturer of aluminum extrusion products by volume, has set a goal of increasing the volume of its exports to the United States by fivefold in 2012, indicating the company's ambition to strengthen its overseas business. The company will...
