Hungary will raise the maximum fine for serious environmental violations by large manufacturers to 5 billion forints (USD 16 million) under new measures to strengthen environmental oversight across industries, including EV battery manufacturing, recycling, and decommissioning. The changes come as...
Germany and Italy have long been closely linked in Europe’s aluminium extrusion trade. Italy remains a significant source of extruded aluminium for the German market, but the flow has changed considerably over the past few years. The latest numbers raise an interesting question: is Germany simply...
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A new report has revealed that nearly all major car companies undermine global efforts to prevent catastrophic climate change. According to InfluenceMap's Automakers and Climate Policy Advocacy report, the world's largest automakers are employing lobbying strategies that undermine global climate...
Nissan Motor is gearing up to integrate low CO 2 emission aluminium parts, crafted from green or recycled sources, into upcoming and existing models starting from the fiscal year 2024. This initiative holds significant promise, with aluminium constituting about 10 per cent of a vehicle's weight....
In a series of pivotal moves, the aluminium industry has witnessed significant developments, from tariff impositions by the United States to technological advancements by major global players. President Joe Biden's decision to increase tariffs on Chinese imports, Alba's financial results amid...
Sinan Technology's recent announcement about establishing a joint venture in Thailand reflects its strategic initiative to expand its global presence and enhance its capacity to serve international markets. Specialising in the research, development, production, and sales of aluminium alloy parts...
On May 8, the American multinational automotive manufacturing company General Motors announced its decision to discontinue production of the gasoline-powered Chevrolet Malibu later this year to focus on manufacturing new electric vehicles. Since 1964, GM has sold over 10 million Malibus globally,...
Hong Leong Investment Bank Bhd (HLIB) has reportedly shared higher earnings forecasts for Press Metal Aluminium Bhd for FY2024 and FY2025. The investment bank has projected that Press Metal's earnings will increase by 7 per cent and 4 per cent, respectively, in the said years on account of...
In April'24, China rebounded in both exports and imports following a contraction in the previous month. This turnaround signals a positive uptick in domestic and international demand, which comes at a crucial time as Beijing grapples with various economic challenges. The data indicates that the...
Volvo is poised to inaugurate an unconventional era of production innovation slated to commence in 2026 at its illustrious Torslanda plant in Sweden. This ambitious endeavour is set to unfold alongside the implementation of the SPA3 platform, heralding the third iteration of Volvo's cutting-edge...
On May 8, 2024, Reuters reported that top executives from BMW and Volkswagen cautioned against implementing EU import tariffs on Chinese manufacturers' electric vehicles. They argued that such measures could disrupt the European Union's Green Deal agenda and negatively impact automakers reliant on...
In an intriguing advancement aimed at consolidating its foothold in the emerging aluminium component manufacturing landscape, Craftsman Automation recently announced its acquisition of the residual 24% stake in DR Axion India (DRAIPL). This acquisition, following Craftsman's previous purchase of...
In collaboration with TankE GmbH and the City of Cologne, Rheinmetall is embarking on a pilot initiative to evaluate curb chargers in public traffic zones. This project aims to integrate and field-test Rheinmetall's curb charger technology within urban environments. The primary goal is to assess...
Ford China announced on May 6, 2024, that Ai Xiaoming has officially assumed the position of President of Changan Ford, reporting to the Board of Directors of Changan Ford. He Xiaoqing, the current President of Changan Ford, will retire on June 1, 2024. Ahead of his retirement, he will serve as a...
Switzerland-based GF Casting Solutions has unveiled plans to invest over $184 million in a cutting-edge manufacturing facility in Augusta, Georgia. This announcement marks the third major development in Augusta-Richmond County within the past fortnight, following Syensqo and StandardAero. The new...
Press Metal Aluminium Holdings Bhd’s extrusion plant in China has reportedly started supplying aluminium battery casings and car bumpers to vehicle manufacturers in the mainland. The news came after Tan Sri Koon Poh Keong, Press Metal’s chief executive officer, announced it officially. He also...
COSCO Shipping, a Chinese state-owned enterprise, has unveiled what it heralds as the "world's largest" electric container ship capable of navigating river to sea. Named the Green Water 01, this vessel surpasses the 10,000-ton mark, marking a significant milestone in advancing sustainability within...
The end user sector of the aluminium industry is one of the most versatile sectors with immense growth and business opportunity. From industrial to lifestyle, the demand of this green metal is growing with time, making it an indisputable choice for the end-user industry. From driverless car to the...
Pavna Industries, under the astute leadership of Managing Director Swapnil Jain, is set to commission a state-of-the-art plant in Hosur, Tamil Nadu. This strategic move, with an initial investment of INR 50 crore, marks a significant milestone in the company's journey. The Hosur facility, scheduled...
Raufoss Technology Canada unveils an $18 million investment initiative at its Boisbriand facility, signalling a strategic move to meet the escalating demand from North American electric vehicle manufacturers. With a focus on innovation and efficiency, the manufacturer is set to enhance its...
