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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Japan rolled aluminum output dawn by 3pct in 2011
Japan Aluminum Association announced Japanese rolled aluminum output decreased by 3.4% to 1.989 million tonnes in 2011 from 2010. The shipment decreased by 3.1% to 1.993 million tonnes. The output and shipment decreased for the first time in 2 years due to slower automobile demand after the major...
Japan secondary aluminum production drops in Dec
According to Japan Aluminum Alloy Refiners Association, Japanese secondary aluminum and aluminum alloy production decreased by 0.3% to 64,910 tonnes in December from a year earlier. The shipment increased by 0.6% to 66,717 tonnes. The production decreased for 2 months in a row but the shipment...
Sapa expands aluminium extrusion operations
Sapa Extrusions is expanding operations in the Port of Vancouver, Washington, bringing nearly 100 new jobs to the region. The new facility, a 142,800-square-foot-building, will house equipment transferred from Sapa’s Portland plant and other facilities, as well as new equipment and facility...
Sapa Extrusions Brings Aluminology to Light
Sapa Extrusions North America today announced the launch of a new marketing campaign to showcase the advanced technical expertise, unprecedented resources, and customer-focused solutions that have made Sapa the world's largest aluminum extruder. Coining the term Aluminology(SM), which is the...
5000 tons Extrusion Production Line Trial-produce of Huachang Aluminum Factory Achieve Success
5000 tons extrusion production line trial-produce of Guangdong Huachang Aluminum Factory Co., Ltd achieved success. According to some domestic relative media that Huachang Aluminum Factory Chang Hongling Production Base 5000 tons extrusion production line trial-produce achieved success after the...
Boral Aluminyum to Build $71 Million Extrusion Factory in Serbia
Boral Aluminyum, a Turkish maker of aluminum-extrusion products, signed a preliminary agreement to develop a manufacturing plant in southern Serbia with state support. The 25,000 square-meter (270,000 square-feet) factory in Doljevac may cost an estimated 55 million euros ($71 million) to build and...
Sapa buys $34M indirect press
Sapa Group has spent $34M on a 14” indirect press for rod and bar production at its Cressona, Pennsylvania, USA plant. Sapa is the only North American soft alloy extruder with indirect press technology. The new indirect press will increase production speed per unit by up to 50% . It will result in...
Sapa expects 5-7% aluminum extrusion growth this year
US aluminum extruder Sapa expects North American aluminum extrusion growth of 5-7% this year, primarily driven by "overall economic conditions," according to Jeffrey Henderson, vice-president of marketing for Sapa North America. Speaking Monday at the Platts Aluminum Symposium in Fort Lauderdale,...
Zhongwang Says 2012 Orders to Rise More Than 20% on Demand
China Zhongwang Holdings Ltd., Asia’s largest industrial aluminum extrusion products maker, said orders this year may rise by more than 20 percent as it shifts its focus to the domestic market where demand is steady. China “is still in the stage of fast urbanization and industrialization,” Lu...
Liyuan Aluminum plans private placement
nbd.com citing a company filing reported that Jinlin Liyuan Aluminum a maker of aluminum extrusion products, plans to issue a maximum of 72.8 million shares at CNY 17.50 per share in order to raise up to CNY 1.5 billion. Proceeds raised will be used to diversify the product mix and implement its...
Sapa completes Cressona expansion
Sapa Extrusions-North America has completed a new casthouse facility at its Cressona, Pennsylvania plant. The facility is part of a $10M project that expanded casting pit operations in five cast houses, including Cressona, Spanish Fork, UT, Delhi, LA, Yankton, SD and Toronto, Canada. The project...
Liyuan Aluminum Plans 1.5B Yuan Private Placement
Jinlin Liyuan Aluminum (002501), a maker of aluminum extrusion products, plans to issue a maximum of 72.8 million shares at 17.50 yuan per share in order to raise up to 1.5 billion yuan, reports nbd.com, citing a company filing. Proceeds raised will be used to diversify the product mix, and...
Cardinal Aluminum says brings new extrusion press online
Cardinal Aluminum has started up a new extrusion press that is expected to boost capacity at the company's manufacturing complex in Louisville, Kentucky, Cardinal's owner, Chip Edwards, said in an interview. The newly completed project leaves Cardinal with one press in each of its two plants at the...
Japanese flat aluminium shipment maintains weak in November
Japan Aluminium Association said that Japanese monthly output of rolled aluminium products, including flat and extruded products, decreased by 6.1% to 171,267 tonnes in November from a year earlier while the shipment decreased by 6% to 172,576 tonnes. Both of the production and the shipment...
Sapa moves equipment in for expansion that will add 30 jobs
One of the northeastern Louisiana Delta’s largest private employers is set to create more jobs in 2012 as Sapa Extrusions continues construction on an expansion in Delhi. The company is installing equipment this week in a second facility that will allow Sapa to expand its profile in the stadium and...
China Zhongwang CFO Mr Cheung shares business vision
Aluminium or steel? Which is the superior material for use in the transportation industry and for building machinery? The debate among engineers continues. Historically, steel has been perceived to be the stronger and more easily maintained metal, but with modern day technology and an...
Nanshan plant construction on track
Anyone driving past the construction site on US 52 and Veterans Memorial Parkway will see that this plant is well underway to completion. NewsChannel 18 spoke with the project director and it seems the hiring process is well underway already, and operations should begin as soon as mid-2012. He said...
US aluminum extrusion market sees surprising year-end strength
While the US aluminum extrusion segment is seeing surprising strength at year's end and many remelters are sold out for January, a few market players say they are uncertain how long the upturn will last. Market players said low inventories and more demand from the automotive sector are behind the...
