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Cosmos Aluminium awarded ‘Protagonists of the Greek Economy' for its strong financial performance in the last decade
22 JUL 20211MINS

Cosmos Aluminium awarded ‘Protagonists of the Greek Economy' for its strong financial performance in the last decade

On 19th July 2021, the organizations that emerge for their financial performance during 2010-2020 were honoured at the Awards Ceremony for the Greek business, "Protagonists of the Greek Economy", organized for the sixth time by the Direction Business Network. The awards were honoured based on the...

Stora Enso and Tetra Pak to build repulping lines to recover and separately recycle polymers and aluminium of beverage cartons
22 JUL 20211MINS

Stora Enso and Tetra Pak to build repulping lines to recover and separately recycle polymers and aluminium of beverage cartons

According to a recent report, Stora Enso and Tetra Pak will enter into a partnership to jointly provide circular solutions to the market. The partnership, that follows a comprehensive feasibility study, will introduce a large-scale carton repulping line at Stora Enso’s Ostroleka production unit in...

Primary aluminium production in East & Central Europe grows nearly 1% in 2Q2021
22 JUL 20212MINS

Primary aluminium production in East & Central Europe grows nearly 1% in 2Q2021

According to the International Aluminium Institute, primary aluminium production in East & Central Europe stood at 340,000 tonnes during June 2021. That was down by 11,000 tonnes or 3.13 per cent month-on-month from 351,000 tonnes but same as the output in June 2020. Production in May 2021 was,...

AIP, Sanjeev Gupta board spat for Alvance Aluminium Duffel worsens
22 JUL 20212MINS

AIP, Sanjeev Gupta board spat for Alvance Aluminium Duffel worsens

The US private equity group American Industrial Partners (AIP) board spat with British industrialist Sanjeev Gupta has gone to worst. Gupta was displaced from Alvance Aluminium Duffel earlier this month and now he has successfully fought in court to be appointed back to the board on 14th July 14....

Bulgaria’s export of aluminium tubes and pipes during 2018-20 reflects steady movement; 17% further rise projected for 2021
20 JUL 20212MINS

Bulgaria’s export of aluminium tubes and pipes during 2018-20 reflects steady movement; 17% further rise projected for 2021

The economy of Bulgaria is set to recoil from its Covid-19 induced contraction in 2021. Household and capital spending should inflate solidly, while development in global demand should support the external sector. However, the heightened general uncertainty and a prolonged health crisis pose key...

Alumil bags “Diamonds of the Greek Economy 2021” award
19 JUL 20212MINS

Alumil bags “Diamonds of the Greek Economy 2021” award

The Greek aluminium architectural system developer, Alumil's slogan is 'building excellence every day', which outlines every aspect of the company's activities. Lately, Alumil received special recognition at the event of 'Diamonds of the Greek Economy 2021'. In 2020, during the 18 th edition of the...

ASI certifies REAL ALLOY against Performance Standard certification for recycling of aluminium scrap
19 JUL 20212MINS

ASI certifies REAL ALLOY against Performance Standard certification for recycling of aluminium scrap

On Monday, July 19, Aluminium Stewardship Initiative has successfully certified REAL ALLOY against Performance Standard certification for recycling of aluminium scrap and production of recycled aluminium alloys at Deizisau, Germany plant, and at European Headquarters in Grevenbroich, Germany. The...

Kazakhstan’s import of aluminium container during 2019-20 records impressive growth; 13% slash estimated for 2021
19 JUL 20211MINS

Kazakhstan’s import of aluminium container during 2019-20 records impressive growth; 13% slash estimated for 2021

Kazakhstan will resist deeper integration and strengthen its ties with China and the West, while its relationship with Russia remains crucial. The country’s GDP forecast says that it will return to the pre-crisis level by the end of 2021 and the economy will pursue to be sensitive to commodity...

Primary Aluminium Weekly Recap: European aluminium seeks exclusion from carbon border adjustment mechanism; Vedanta’s aluminium production up 17% Y-o-Y in 1QFY22
18 JUL 20214MINS

Primary Aluminium Weekly Recap: European aluminium seeks exclusion from carbon border adjustment mechanism; Vedanta’s aluminium production up 17% Y-o-Y in 1QFY22

Primary aluminium sector saw major developments this week. LME aluminium cash (bid) price and LME official settle price increased this week, while SMM aluminium ingot price performed higher Let's explore: European aluminium producers are seeking exclusion from the first phase of the European...

Weekly Aluminium Downstream Recap: Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP; Alucast’s £200,000 investment supports to bounce back from pandemic
17 JUL 20217MINS

Weekly Aluminium Downstream Recap: Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP; Alucast’s £200,000 investment supports to bounce back from pandemic

The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm...

South Korean aluminium and steel industry to face trouble from EU's new carbon policy
15 JUL 20212MINS

South Korean aluminium and steel industry to face trouble from EU's new carbon policy

On 15th July 2021, South Korea's Ministry of Industry stated that the nation's aluminium and steel sectors are expected to be counter trouble from the European Union’s carbon border tax. The announcement from the ministry came a day after the EU declared its intention to implement the Border Carbon...

Ball Corporation to expand cans capacity with new aluminum beverage packaging plants in UK & Russia
15 JUL 20212MINS

Ball Corporation to expand cans capacity with new aluminum beverage packaging plants in UK & Russia

Ball Corporation intends to expand increase its manufacturing capacity with new facilities in the UK and Russia. The plant will start operations in 2023. Each facility will manufacture billions of cans a year across a range of formats and sizes Ball has recognized a site at the SEGRO Park Kettering...

Hungary’s export of aluminium plates, sheets and strips during 2018-20 demonstrates instability; 10% growth predicted for 2021
15 JUL 20212MINS

Hungary’s export of aluminium plates, sheets and strips during 2018-20 demonstrates instability; 10% growth predicted for 2021

Hungary economy is an export-oriented market economy with a substantial significance on foreign trade. The country is the 35th largest export economy in the world. The ERSTE Research predicted that the Hungarian economy to grow by 3.90% in 2021. The landlocked central European nation, Hungary...

Romanian aluminium producer Alro Slatina secures €34 million financing from state-owned lender EximBank
14 JUL 20211MINS

Romanian aluminium producer Alro Slatina secures €34 million financing from state-owned lender EximBank

On 14th July 2021, the largest aluminium and aluminium alloy producer of Romania, Alro Slatina received a €34 million financing facility from EximBank, a state-owned lender. Exim Bank is the Export-Import Bank of Romania based in Bucharest. Alro said in a statement filed with the Bucharest Stock...

KPS Capital Partners acquires extruded aluminium manufacturer Metra Holding S.p.A. and Metra S.p.A
14 JUL 20212MINS

KPS Capital Partners acquires extruded aluminium manufacturer Metra Holding S.p.A. and Metra S.p.A

KPS Capital Partners (KPS) has acquired Metra Holding S.p.A. and Metra S.p.A., (collectively "Metra"). The company purchased Metra, a producer of extruded aluminium, from Highlander Partners. KPS also acquired Profile Custom Extrusions, LLC ("Profile"), a U.S. manufacturer of extruded aluminum....

Germany’s export of aluminium household articles during 2018-20 unfolds robust growth with marginal fall; 9% drop estimated for 2021
14 JUL 20212MINS

Germany’s export of aluminium household articles during 2018-20 unfolds robust growth with marginal fall; 9% drop estimated for 2021

As per ‘Economic Key Facts Germany’ by KPMG, the German started to augment in Q2 2021, with all major indicators now signifying to growth. The economy will regain strength and is predicted to grow by almost 4% in 2021. After the contraction in GDP of 4.9% in 2020, KPMG expected economic output in...

Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP
14 JUL 20212MINS

Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP

A source reports that Sanjeev Gupta is making great efforts to lay hold of its Belgian aluminium rolling mill after a US private equity firm AIP took legal action in the UK to seize control. In an attempt to do so, Gupta’s metals group GFG Alliance, which is the subject of an investigation by the...

Altech Chemicals progresses Pre-Feasibility Study for high-purity alumina coating plant in Germany
13 JUL 20211MINS

Altech Chemicals progresses Pre-Feasibility Study for high-purity alumina coating plant in Germany

On Monday, July 12, Altech Chemicals (ATC) said that it advanced the Pre-Feasibility Study (PFS) for its battery materials high-purity alumina (HPA) coating plant in Germany. The plant in designed to coat 10,000 tonnes of anode graphite per year in its initial stage, using Altech’s alumina coating...