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Novelis opens new aluminium automotive heat treatment line in Europe
19 NOV 20153MINS

Novelis opens new aluminium automotive heat treatment line in Europe

Novelis, the world leader in aluminum rolling and recycling, today celebrated the opening of a state-of-the-art aluminum automotive heat treatment line in Nachterstedt, Germany, to serve European and global automotive customers. Located adjacent to Novelis' existing rolling mill and the world's...

‘Wings’ sculpture soars with aluminium from Hydro
19 NOV 20152MINS

‘Wings’ sculpture soars with aluminium from Hydro

World-famous architect Daniel Libeskind has created an extraordinary large-scale sculpture: Wings. The four-part artwork is made primarily of aluminium provided by Hydro. Libeskind’s artwork is the size of a tree and opens towards the top like the petals of a bloom. Its two pairs of wings anchor at...

Aluminium premiums in Europe seen stabilising after rise
18 NOV 20153MINS

Aluminium premiums in Europe seen stabilising after rise

Surcharges for physical aluminium in Europe levelled off after recent gains and may come under pressure from additional supply if Chinese exports rebound and some inventories are liquidated. The surcharges, or premiums, which consumers pay on top of the London Metal Exchange (LME) cash price for...

Alro reports an adjusted net profit of RON 145 million in the first nine months of 2015
18 NOV 20153MINS

Alro reports an adjusted net profit of RON 145 million in the first nine months of 2015

Alro SA,one of the largest aluminium producers in Central and Eastern Europe, registered an adjusted net profit of RON 145 million in the first nine months of 2015, compared to a adjusted net loss of RON 115 million in the similar period of 2014. The company’s turnover was of RON 1.77 billion,...

Mumtalakat to buy 49 percent stake in Spanish aluminium firm Aleastur
17 NOV 20151MINS

Mumtalakat to buy 49 percent stake in Spanish aluminium firm Aleastur

Bahrain' s Mumtalakat Holding Company plans to buy a 49 percent stake in Spanish aluminium products group Aleastur, an executive at the Bahraini sovereign fund said on Monday. "We are taking a minority stake and helping the company to expand into the Gulf," said Joseph Kirikian, head of industries...

Rusal elaborates on aluminium industry trends for the first nine months of 2015
16 NOV 20156MINS

Rusal elaborates on aluminium industry trends for the first nine months of 2015

Global aluminium market trends in the first nine months of 2015 • Global aluminium demand grew by 5.6% in the first nine months (“9m”) 2015 year-on-year (“YoY”). Demand growth in North America, India, Middle East and the EU compensated for a contraction in demand from Japan, Russia and South...

Rexam issues Q3 2015 trading update
16 NOV 20153MINS

Rexam issues Q3 2015 trading update

Rexam, a leading global beverage can maker, issued the following trading update for the period from 1 July 2015. Results for the Group are in line with the plans. Overall global beverage can volumes were up 3% (1% excluding the acquisition of UAC) in the third quarter. Volume growth in Europe...

Denmark's Multicut A/S to produce aluminum parts for F-35
16 NOV 20151MINS

Denmark's Multicut A/S to produce aluminum parts for F-35

Multicut A/S, a precision component manufacturer located in Vildjberg, Denmark, has been notified by Lockheed Martin that it would be awarded the contract for making aluminum machined parts for F-35 fighters. Under the contract to be issued, the Danish company will produce items such as brackets...

EAFA (European Aluminium Foil Association) organizes a conference during the SITEVI exhibition in Montpellier, France
13 NOV 20151MINS

EAFA (European Aluminium Foil Association) organizes a conference during the SITEVI exhibition in Montpellier, France

For the first time, the EAFA (European Aluminium Foil Association) is organising a conference in France that will take place on 25 November during the SITEVI exhibition in Montpellier. The conference entitled ‘Turn 360° and discover the benefits of aluminium closures’ will cover a broad spectrum...

Continued recovery of European demand keeps aluminium foil production on track
12 NOV 20152MINS

Continued recovery of European demand keeps aluminium foil production on track

The steady recovery of demand for aluminium foil products in Europe has continued to see the gap between 2014 and 2015 production narrow to just a 0.3% drop by the end of Q3, compared with 2.5% in the first quarter of the year. This continues the trend seen in Q2. Deliveries for the first 9 months...

Participants to visit Hydro’s plant in Madrid post 23rd International Recycled Aluminium Conference
12 NOV 20151MINS

Participants to visit Hydro’s plant in Madrid post 23rd International Recycled Aluminium Conference

Aluminium recycling will be in focus at the 23rd International Recycled Aluminium Conference in Madrid, November 16-18, 2015. As part of the conference, participants will visit Hydro’s recycling plant in Azuqueca. Roland Scharf-Bergmann, head of Recycling in Hydro, the lead sponsor of the event,...

Plans for establishing more aluminium frame production in Europe
11 NOV 20152MINS

Plans for establishing more aluminium frame production in Europe

Next to the new Triangles factory for making aluminium e-bike frames in Portugal there is a second frame facility in the making close the Europe’s main markets. The plans for that facility are now being developed. Speculations are underway that there is another aluminium frame factory to be set-up...

Continued recovery of European demand keeps aluminium foil production on track
11 NOV 20152MINS

Continued recovery of European demand keeps aluminium foil production on track

The steady recovery of demand for aluminium foil products in Europe has continued to see the gap between 2014 and 2015 production narrow to just a 0.3% drop by the end of Q3, compared with 2.5% in the first quarter of the year. This continues the trend seen in Q2. Deliveries for the first 9 months...

Jaguar Land Rover drafts £4.5 billion cost-cutting plan
09 NOV 20152MINS

Jaguar Land Rover drafts £4.5 billion cost-cutting plan

Tata Motors-owned Jaguar Land Rover (JLR) has drafted a new £4.5-billion cost-cutting plan to offset rising emissions cost and the slowdown in China, one of the biggest automotive markets in the world. The project—known as Leap 4.5—will scrutinise almost every area of spending at Britain’s luxury...

Huge participation expected in Detroit Automotive Lightweight Procurement Symposium
06 NOV 20151MINS

Huge participation expected in Detroit Automotive Lightweight Procurement Symposium

The third Automotive Lightweight Procurement Symposium will be kicked off At the Cobo Center in Detroit, USA on Monday, the 9th of November. The event is the ideal location to listen and interchange with executive speakers & delegates from leading OEMs & Tiers like FORD, MERITOR, BOCAR, DAIMLER,...

Constellium reports Q3 2015 financial results
06 NOV 20153MINS

Constellium reports Q3 2015 financial results

Constellium N.V.reported results for the third quarter ended September 30, 2015. Highlights below are in comparison to the third quarter of 2014 and include the acquisition of Wise Metals. • Shipments of 374 thousand metric tons, up 41% • Revenue of €1.259 billion, up 36% • Adjusted EBITDA of €79...

Aleris reports Q3 2015 results- adjusted EBITDA up 24% Q-o-Q
05 NOV 20152MINS

Aleris reports Q3 2015 results- adjusted EBITDA up 24% Q-o-Q

Aleris Corporation reported results for the three and nine months ended September 30, 2015. Except as otherwise indicated, all amounts reflect the divested recycling and extrusions businesses as discontinued operations. Third Quarter Summary: • Adjusted EBITDA of $68 million, up 24 percent compared...

Non-ferrous margins fell in 2015, costs escalated: BIR Convention
03 NOV 20152MINS

Non-ferrous margins fell in 2015, costs escalated: BIR Convention

The Bureau of International Recycling (BIR) Annual Autumn Round-Tables Conference held recently in Prague noted that non-ferrous industry had a very tough year in 2015. The confidence level among industry participants hit lowest level during the year. The industry suffered large due to thin margins...