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Alcoa and Ma'aden Begin Product Mix
11 MAR 20122MINS

Alcoa and Ma'aden Begin Product Mix

Alcoa Inc. (NYSE:AA - News) and Ma’aden announced the commencement of work of product mix for their new aluminium complex, which is currently under construction at Ras Al Khair in Saudi Arabia. The new line will offer automotive heat-treated and non-heat-treated sheet, building and construction...

Buy Parekh Aluminex; target Rs 390: Sunidhi Securities
07 MAR 20123MINS

Buy Parekh Aluminex; target Rs 390: Sunidhi Securities

Sunidhi Securities is bullish on Parekh Aluminex (PAL) and has recommended buy rating on the stock with a target price of Rs 390 in its March 6, 2012 research report. "Parekh Aluminex (PAL), during Q3FY12, net profit surged by 42.3% to Rs 22.2 crore (Rs 15.6 crore) on 50.0% higher sales of Rs 345.0...

Rusal to invest USD 6 million in foil plant in Armenia by 2015
07 MAR 20121MINS

Rusal to invest USD 6 million in foil plant in Armenia by 2015

Interfax reported that UC Rusal, the world largest aluminum producer, will invest USD 6 million in the modernization of foil producer Rusal Armenal in 2012-2014. The money will be invested in order to increase the plant production to 33,600 tonnes of aluminum foil per year. The plant produced...

SDK Starts Building High-Purity Aluminum Foils Plant in China
06 MAR 20122MINS

SDK Starts Building High-Purity Aluminum Foils Plant in China

Showa Denko K.K. (SDK) has started building a new plant in China for producing high-purity aluminum foils for electrolytic capacitors. A ground-breaking ceremony was held on March 2 at a site in Nantong Economic & Technology Development Area, Jiangsu Province. This project is part of the business...

Novelis to Sell Aluminum Foil Assets in Europe
06 MAR 20121MINS

Novelis to Sell Aluminum Foil Assets in Europe

Aluminum products maker Novelis Inc is selling three foil-manufacturing plants in Europe to focus on premium product markets such as beverage cans and automobiles, it said on Monday. The company, which is the U.S. unit of India's Hindalco Industries Ltd, said the buyer was American Industrial...

Ess Dee Aluminum arm commissions new unit at Bangalore
05 MAR 20121MINS

Ess Dee Aluminum arm commissions new unit at Bangalore

Equity Bulls reported that Flex Art Foil Private Limited, the wholly owned subsidiary of Ess Dee Aluminum Limited has commenced the operations at its new manufacturing unit at Bangalore to carry out the activities of printing aluminum foils based packaging products. The Ess Dee Aluminum Limited...

China Aluminum Rolling Industry Report, 2010-2012
29 FEB 20123MINS

China Aluminum Rolling Industry Report, 2010-2012

Aluminum rolling industrial products mainly consists of two categories i.e. aluminum sheet & strip and aluminum foil, and China is currently the world’s largest producer and exporter of aluminum sheets, strips and foils. In 2010, China’s aluminum sheet & strip capacity reached 7.25 million tons,...

Ministry seizes fake Diamond aluminium foils
14 FEB 20122MINS

Ministry seizes fake Diamond aluminium foils

KUCHING: Domestic Trade, Cooperatives and Consumerism Ministry officers raided three retails shop in the city and confiscated more than 100 fake Diamond brand aluminium foils. The operation was initiated after the owner of the aluminium foil company flew all the way from Kuala Lumpur to lodge a...

Aluminum Products Export Dropped 8.7% Month-on-month in Dec. China
06 FEB 20121MINS

Aluminum Products Export Dropped 8.7% Month-on-month in Dec. China

In recent days according to China Customs that in Dec. China aluminum products export increased 9.8% yoy while decreased 8.7% month on month. In December totally export 210 thousand tons aluminum products, aluminum profiles export 73.8 thousand tons increased 63.4% yoy; 76.9 thousand tons of...

Japan rolled aluminum output dawn by 3pct in 2011
02 FEB 20122MINS

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...

Passive component material suppliers gearing up for 2012
03 JAN 20122MINS

Passive component material suppliers gearing up for 2012

Liton Technology is set to expand capacity for medium- to high-voltage formed aluminum foil to meet customer demand in 2012, while Laser Tek is expected to report a good first quarter thanks to rising orders for materials used to make chip resistors, according to industry sources. Liton's factory...

Japanese flat aluminium shipment maintains weak in November
02 JAN 20121MINS

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...

Recycling of aluminium foil
28 DEC 20111MINS

Recycling of aluminium foil

Just in time for Christmas and all those mince pies, Aberdeenshire Council has introduced the collection of aluminium foil trays for recycling. Please make sure trays are clean and clear of food residue then just place them in your black recycling box along with food and drink cans. If you do not...

Armenian foil-rolling plant operates successfully
28 DEC 20111MINS

Armenian foil-rolling plant operates successfully

Armenia’s ArmenAl Foil-Rolling Plant—which is a part of the Russian RusAl Company—in capital Yerevan, for the first time surpassed its planned production level, which is 25 tons of foil per year. Ever since the Plant’s establishment in 2000, it has produced and sold more than 130 thousand tons....

RUSAL plans to boost foil production 20pct by 2014
27 DEC 20111MINS

RUSAL plans to boost foil production 20pct by 2014

Russian aluminum giant UC RUSAL plans to boost its packing division’s annual production of foil to 100,000 tonnes by 2014, up from 80,000 tonnes per year, the company said Tuesday. The production increase is to be achieved through upgrades at RUSAL’s three largest foil and foil packaging plants,...

EU Launches Anti-dumping Probe into Chinese Aluminum Foil
25 DEC 20112MINS

EU Launches Anti-dumping Probe into Chinese Aluminum Foil

The European Commission (EC) said on December 20th that it had launched an anti-dumping investigation into imports of certain grades of aluminum foil in rolls from China into the European Union. A complaint was lodged on November 9 by the European metals industry group Eurometaux, the EC said. The...

EC launches antidumping inquiry into Chinese aluminium foil
21 DEC 20111MINS

EC launches antidumping inquiry into Chinese aluminium foil

The European Commission said Tuesday it had launched an antidumping investigation into imports of certain grades of aluminium foil in rolls from China into the European Union. A complaint was lodged on November 9 by the European metals industry group Eurometaux, representing more than 40% of the...

Rusal plans packaging production increase
21 DEC 20111MINS

Rusal plans packaging production increase

UC Rusal plans to increase production from its Packaging Division by 20% until 2014. It will increase from 80kt to 100kt/y, amounting to 5.3% of the world’s total foil production excluding China. It will also review its production portfolio, to focus on converter foil. Total investment in the...