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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SAF-West to expand aluminum extrusions and sheet facility in Redding, Calif.
Officials from Southern Aluminum Finishing Co.,Inc. announced that Huber Street Properties, LLC, a closely related entity to SAF, has purchased the facility in which SAF-West currently operates. SAF-West serves the western United States, Canada, and Pacific Rim markets with architectural aluminum...
Sapa to buy Chinese extrusion plant
Sapa is to buy the Jiangyin Haihong Non-Ferrous Materials (Haihong) aluminium profiles facility in Jiangyin, 150km north-east of Shanghai. The facility comprises 15 presses with a total capacity of 60kt and is one of the larger extrusion operations in the Yangtze River Delta region. The facility is...
Alcasa signs deal with Italian company to design aluminum extrusion plant
Venezuela's CVG-Alcasa has signed an agreement with Italy's Predieri Metalli to perform the basic design and engineering work on a new aluminum extrusion facility at the Puerto Ordaz-based smelter, Alcasa said Thursday. The contract was signed last week and engineers from the Italian firm have...
Hydro breaks ground on Chinese extrusion plants
Norsk Hydro broke ground on two new extrusion plants Sept. 16 in China’s Suzhou region, and expects both presses to come online by the summer of 2012. One of the presses will be dedicated to precision tubing, while the other will be a general extrusion press, a Hydro spokesman told AMM. Hydro...
Magnode to halt casting, source Hydro billet
Magnode Corp. will shut its on-site casthouse by year’s end and begin sourcing billet for its extrusion presses from Hydro Aluminum North America Inc. instead, sources familiar with the operation told AMM. Executives at Magnode did not return calls for comment, but one source familiar with the deal...
Balexco plant revamp set to be completed
Balexco's $21.3 million project to expand its plant in the Sitra Industrial Zone is nearing completion. The Bahrain-based regional aluminium extrusion company's expansion project consists of two parts, a $9.3m anodising unit and a $12m aluminium extrusion line. Both are expected to begin operations...
Aluminum extruder Sapa sees 'business as usual' after CEO change
Aluminum extruder and sheetmaker Sapa expects "business as usual" and is planning no change in strategy or ownership in the near term, following the announcement last week of a change in leadership, new President and CEO Svein-Rore Holsether told Platts Thursday. Holsether replaced Tim Stubbs as...
Zhongwang seeks domestic safe haven
Although exports to the US have been severely hurt by anti-dumping measures on aluminum products, the company said its plan to shift focus to the mainland is starting to bear fruit. In August, China Zhongwang Holdings Ltd, Asia's largest manufacturer of industrial aluminum extrusion parts, reported...
Nanshan Aluminum Will Soon Finish Aluminum Extrusion Production Line
It is reported that Shandong Nanshan Aluminum plans to finish the construction of aluminum extrusion production line before December, which is located in Indiana, America. This production line is expected to be put into production in February next year. These equipments value $0.1 billion and will...
Hydro expanding in China
Norwegian aluminum producer Hydro is breaking ground for a new extrusion press in Suzhou to help satisfy the growing local demand of high-value extruded aluminium products and solutions. Hydro expects to have around 600 employees in Suzhou when the new presses are brought into full production,...
Chinese aluminum extrusion export saved by Australia after losing US and Canada
After losing two big markets of Canada and United States, China’s aluminum industry finally gets some good news: Australia cuts down AD and CVD duties set against China’s aluminum extrusions exported to the nation. Otherwise China could lose 2/3 of the demand from developed countries covering North...
Nanshan delays Ind. aluminum extrusion plant
A subsidiary of China’s Nanshan Group Co. Ltd. has delayed breaking ground on construction for an aluminum extrusion plant in Lafayette, Ind. Chicago-based Nanshan America Co. was due to begin construction this summer.
China Aluminum Profiles Industry Report, 2010-2011
China is the world's largest consumer of aluminum, with aluminum consumption of more than 14 million tons per year, accounting for around 40% of the global consumption. However, aluminum consumption per capita in China still remains at a low level. As matters stand, aluminum consumption per capita...
Hydro breaks ground on Chinese extrusion site
Hydro is breaking ground in Suzhou, China to help satisfy domestic demand of high-value extruded aluminium products and solutions. Its expansion is proceeding as expected, and a pinch of Chinese luck is part of the plan. Hydro expects to have around 600 employees in Suzhou when the new presses are...
Chinese aluminum extrusions found being dumped by Australia
The Australian Customs and Border Protection Service announced the completion of the reinvestigation into aluminium extrusions exported to Australia from China. Customs and Border Protection affirms the origin findings and states that import prices for primary aluminium do not reflect competitive...
Gulf Extrusions awarded CE - Certificate of Factory Production Control
Gulf Extrusions, one of the largest aluminum extrusion plants in the Gulf region, has announced that it has been awarded the "CE" Certificate for Factory Production Control, which confirms that Gulf Extrusions products have been manufactured in accordance with European Standards. The German...
Fourteen Aluminum Extrusions of Shandong Nanshan Aluminum Co., LTD will Go into Operation
Shandong Nanshan Aluminum orders fourteen aluminum extrusions in one time from German SMS Meer. These aluminum extrusions from 11MN to 150MN are said to go into operation since December, 2011. It is unprecedented not only in Chinese aluminum industry but also in the world since the recent 50 years...
Brazil's extrusion aluminium sector on import duties
Brazil's aluminium industry must find a compromise between extruders fighting for the removal of import taxes on primary aluminium, and smelters which want them retained
