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Tongliao City Formed Four Complete Industrial Chains
28 JUN 20121MINS

Tongliao City Formed Four Complete Industrial Chains

Inner Mongolia Tongliao city has set a goal to become the nation’s aluminium demonstration base. Based on various advantages such as resource, location, transportation and electric power, Tongliao has formed four complete aluminium industrial chains. They are: “Liquid aluminium-refined...

Taizhou Parfaitindustry Produces 8mm  Aluminium Strip
18 JUN 20121MINS

Taizhou Parfaitindustry Produces 8mm Aluminium Strip

Taizhou Parfaitindustry Co. Ltd owns professional divided cutting facilities and testing staff. It mainly supplies food aluminium foil, hydrophilic foil, condensing aluminium foil, packing aluminum foil and aluminium board, etc. Major alloys are 1100, 1234, 1050, 1060, 3003, 5052, 5083, 6061, 7076,...

Demand for aluminium foil in Europe drops in first quarter
28 MAY 20121MINS

Demand for aluminium foil in Europe drops in first quarter

Demand for aluminium foil in Europe has seen a sharp drop in the first three months of 2012 – with as producers feel the effects of strong economic headwinds. Overall European shipments of aluminium fell almost 5% year-on-year to 204,00t during Q1, according to figures published by the European...

European Alufoil Production reports a slow start in 2012
23 MAY 20122MINS

European Alufoil Production reports a slow start in 2012

The start into 2012 was calm for the European aluminium foil manufactures in line with the European economic markets. The first three months showed an overall shipments decrease of almost five per cent to 204,000t compared to last year’s first quarter according to figures published by the European...

Sunidhi Securities recommends buy rating on Parekh Aluminex
21 MAY 20123MINS

Sunidhi Securities recommends buy rating on Parekh Aluminex

Sunidhi Securities is bullish on Parekh Aluminex and has recommended buy rating on the stock with a target of Rs 390 in its May 17, 2012 research report. "PAL, a Mumbai based company established in 1994, is engaged in the production and sale of Aluminium Foil Containers (AFC) together with lids or...

Link found between aluminium foil and Alzheimer's
15 MAY 20122MINS

Link found between aluminium foil and Alzheimer's

Scientists from the American University of Sharjah (AUS) and the Abu Dhabi Petroleum Institute warned that wrapping spicy foods in aluminium comes with its own set of health hazards. Researchers from the Chemical Engineering Department of AUS and the institute concluded that it is safe to wrap...

Peter Diamandis, CEO of X Prize Foundation and journalist Steven Kotler throw light on the value of aluminium
07 MAY 20121MINS

Peter Diamandis, CEO of X Prize Foundation and journalist Steven Kotler throw light on the value of aluminium

We recently solicited questions from readers of our Freakonomics blog for Peter Diamandis, founder and CEO of X Prize Foundation, and the journalist Steven Kotler. Here are some of their answers. How did you come up with the book's cover art? It's very eyecatching - but not obviously related to the...

Nicholl acquisition provides basis for continued growth
30 APR 20122MINS

Nicholl acquisition provides basis for continued growth

Specialist aluminium foil tray manufacturer the Nicholl Group has been acquired by Bawtry Investments Ltd for an undisclosed sum. Nicholl and its subsidiaries will continue to operate as a separate division of Bawtry under their existing management teams and maintain the Group’s long-term growth...

Alcoa lifts European flat rolled product prices
25 APR 20121MINS

Alcoa lifts European flat rolled product prices

U.S. aluminum producer Alcoa Inc has raised prices for some rolled products at its European operations in Köfém, Hungary; Fusina, Italy; and Amorebieta, Spain, citing higher materials costs and increased demand. The price increase takes effect immediately and is related to changing market...

Loften Aluminum Foil’s 2011 Net Profit Plummets 67.75%
02 APR 20121MINS

Loften Aluminum Foil’s 2011 Net Profit Plummets 67.75%

Shandong Loften Aluminum Foil Co., Ltd. released the 2011 annual report recently, saying its operating revenues were RMB 179,356,990,000 in 2011, up 75.52% YoY; operating profits were RMB 11.10 million, down 76.66% YoY; and net profits attributable to shareholders of listed company were RMB 11.78...

Jiangsu Alcha Aluminum’s 2011 Net Profit Plummets
28 MAR 20122MINS

Jiangsu Alcha Aluminum’s 2011 Net Profit Plummets

Jiangsu Alcha Aluminum Co., Ltd released the 2011 annual report recently, saying its production and sales were 93,900 mt and 91,000 mt, respectively, unchanged from 2011; total operating revenues were RMB 2,053,560,000, up 5.35% YoY; total profits were RMB 6,805,700, down 86.44% YoY; and net...

Novelis growth strategy sees a key shift
26 MAR 20123MINS

Novelis growth strategy sees a key shift

Novelis, owned by the Aditya Birla Group flagship company, Hindalco Industries, has been selling its loss-making assets for a while, even if it means selling a smelter in a high-growth market like Brazil. Now, it has gone a step ahead and decided to sell a business that is doing well, but doesn’t...

Parekh Aluminex Ltd acquires American Foils Inc.
19 MAR 20121MINS

Parekh Aluminex Ltd acquires American Foils Inc.

Parekh Aluminex Ltd is in process of acquiring 100% shares of American Foils Inc based in USA, by which it will become a wholly owned subsidiary of the company. American Foils Inc. is engaged in the business of manufacturing of Aluminium Pans / Rolls / Containers / Foils etc. This acquisition would...

Economic downturn and Chinese exports hit Europe’s alufoil output
17 MAR 20123MINS

Economic downturn and Chinese exports hit Europe’s alufoil output

European aluminium foil (alufoil) output fell in 2011 as the economic downturn and a surge in imports from China combined to give the industry a tough 12 months. One industry insider told FoodProductionDaily.com that Chinese shipments into Europe had almost doubled last year and that the threat...

European alufoil deliveries down in 2011 – Cautious outlook for 2012
16 MAR 20122MINS

European alufoil deliveries down in 2011 – Cautious outlook for 2012

Full year figures for European output of alufoil in 2011 showed a modest decline in overall production levels, reflecting the cautious outlook throughout the European economic markets. However exports from Europe remained steady according to figures released by the European Aluminium Foil...

Ess Dee Aluminium arm to set up new unit at Daman
16 MAR 20121MINS

Ess Dee Aluminium arm to set up new unit at Daman

Flex Art Foil Private Limited, the wholly owned subsidiary of Ess Dee Aluminium Ltd will be starting an additional manufacturing unit at Daman to carry out the activities of printing aluminium foils based packaging products. The Ess Dee Aluminium Ltd stock was trading at Rs.170.40, up by Rs.15.30...

Lydall Product Innovation Wins 2012 AluFoil Trophy
14 MAR 20123MINS

Lydall Product Innovation Wins 2012 AluFoil Trophy

The automotive products group of Lydall, Inc. LDL +0.33% announced today that its constrained layer damping (CLD) heat shield product won the 2012 AluFoil Trophy in the Technical Innovation category. "The European Aluminum Foil Association judges liked the simple, but effective use of aluminium to...

Amcor Flexibles wins Overall Excellence and Product Preservation Alufoil Trophies!
14 MAR 20125MINS

Amcor Flexibles wins Overall Excellence and Product Preservation Alufoil Trophies!

Amcor Flexibles is proud to announce winning two Alufoil Trophies from the European Aluminium Foil Association (EAFA). The company received the Overall Excellence Award won with Amcor Canny in recognition of high scores in four of five categories - Marketing + Design, Consumer Convenience,...