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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CFO interview: Nerves of aluminium
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...
Taweelah plans $200m aluminium plant in Abu Dhabi
Taweelah Extrusion Co (Talex) said on Wednesday it was setting up an extrusion products plant at Abu Dhabi's new industrial zone with an investment outlay of AED735m ($200m), as the oil-rich emirate works to diversify its economy. Talex, a joint venture between state-owned Abu Dhabi Basic...
GM of Chinalco Ruimin Co., Ltd Visited Northwest Aluminum Branch
On December 9, Xie Jinhui, the General Manager of Chinalco Ruimin Co., Ltd and the other two together visited Northwest Aluminum Branch. In the company of Li Jianrong who is the GM of the branch visited extrusion and rolling factory; investigated the debugging site of aluminum foil production and...
Investment in Abu Dhabi zone expected to hit $5b
Abu Dhabi: Investors who have signed up with Abu Dhabi's Khalifa Industrial Zone (Kizad) are together planning $5 billion in investments by 2015 to establish their industries in the zone, Khalid Salmeen, executive vice-president of Industrial Zones at Abu Dhabi Ports Company (ADPC), told reporters...
Sapa closes deal for Chinese extrusion plant
Sapa has closed the deal to buy an extrusion plant near Shanghai, China. The plant, 150km north west of Shanghai, will be operated by Sapa’s management and will conduct business under the name Sapa Profiles Jiangyin Co Ltd. The plant has 15 presses with a production capacity of 60kt/y and has...
Cables Firm progresses
Pakistan Cables Limited was established in 1953 in collaboration with BICC, UK. Over the years, the company has gained a position of being the market leader in cable manufacturing in the country. It has been listed on the Stock Exchange since 1955. The Company has been involved in the manufacture...
Can US Aluminum Demand Continue Rising?
The Aluminum Association’s Nick Adams said that the US is now “essentially” a net exporter, which hasn’t happened in a long time. He makes his case citing the uptick in exports within the sheet and plate markets — up 36 percent in 2011 to date, compared with the same period in 2010. Also, Adams...
Jindal Plans 2nd Plant in Karnataka for next year
Jindal Aluminium plans to set up plant to produce powder coated and anodised materials. It is setting up two plants in Karnataka.Work on the first plant, near Bangalore, a 50kt/y site for sheet and foil has already started. The second plant would also be built near Bangalore for production of...
Interest in Nanshan aluminum plant
Construction of the Nanshan America Advanced Aluminum Technologies plant in Lafayette is expected to be competed by May, with production to start in July. The $100 million aluminum extrusion plant eventually will employ between 150 and 200 people, with 60 employees starting during the first year....
Liaoning Hongwei District to Build Aluminium Industrial Cluster
Liaoning Hongwei District’s aluminium industrial cluster has achieved sales revenue of 6.81 billion RMB in the first three quarters of this year. Industrial aluminium profile is the most competitive industry of Hongwei District.Relying on China Zhongwang, the district has invested 6 billion RMB...
Sapa's Third Technology Center Settled in Shanghai
One of the world's leading aluminium manufacturers, Sapa Group of Sweden announced that it has established its third technology centre; Sapa Technology (Shanghai), in Jiading, Shanghai. Jan Strid, General Manager of Sapa Technology Global, Johan Menckel, President of Sapa Profiles Asia , and Colin...
New Business Area President for Sapa Profiles
The recent years` rapid growth has made Sapa the largest Profiles Extrusion company in the world. In order to better capitalize on the synergies within the profiles area and streamline the operation, Sapa Profiles will be organized as one business area. John Thuestad has accepted a position as...
Aluminium body seeks duty on Chinese imports
The government must not allow imports of aluminum products, particularly from China, without significant value addition. The pricing of such products should not be less than similar products that are domestically available. Also, these imports should attract a significant duty to protect the...
Foshan Gaoming YongLiJian Aluminium Co., Ltd - Extrusion growth
Foshan Gaoming YongLiJian Aluminium Co., Ltd established in September 1986 has created long friendly cooperative relationship with China Aluminum Network. Through years of hard working the company has gained millions of customers all over the world and won praises from competitors and clients. With...
Turkish continuous homogenizing plant
Turkish manufacturer Asas Aluminyum Sanayi ve Ticaret (ASAS) has ordered a continuous homogenizing plant from Hertwich Engineering, Austria. The new plant ensures low operating costs. The electrically heated continuous furnace consumes only 210kWh/t of aluminum, distinctly less than conventional...
Orange Aluminum Announces Savings on Aluminum Extrusions Parts Including Panel Clips
Orange Aluminum,the web’s leading source for aluminum extrusions such as panel z clips used to hang, fasten, and secure panels, partitions, frames, and cabinets to an object, has announced major savings on all storewide parts. Orange Aluminum carries aluminum extrusions in hundreds of styles and...
Aluminum Association ‘Aluminum Highlights’ for the week ending Friday, November 4.
The impact of the Eurozone crisis on price and demand has been dramatic. Aluminium prices currently trade at a around $2150/t, well below the marginal cost of production. And global demand prospects have weakened. In Europe, sheet and extrusion markets are now declining, with prospects for 2012...
China Zhongwang Spends 600 Million RMB to Purchase Land for Building Aluminium Extrusion Facility
(China Aluminium Network) China Zhongwang Holdings Limited announced that it had successfully win the bid for the land use right of Liaoning Panjin with 642.6million RMB. The total area of the land was 4.4317million and it would be used for expansion of new aluminium extrusion facilities. The...
