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Amtek India successfully acquires Kuepper Group Germany
19 MAR 20141MINS

Amtek India successfully acquires Kuepper Group Germany

Amtek India Ltd has completed successfully the transaction and has acquired the Kuepper Group engaged in the business of Iron, Aluminium Casting & Integrated Machining. They have five manufacturing facilities across Hungary and Germany. The company acquired substantial interest of Kuepper,a Germany...

Alcoa expands in Hungary to meet growing demand for its Lightweight Truck Wheels
18 MAR 20143MINS

Alcoa expands in Hungary to meet growing demand for its Lightweight Truck Wheels

Alcoa, the inventor and global leader of forged aluminum wheels, is investing US$13 million to expand its wheel manufacturing plant in Europe, to meet growing demand for its lightweight, durable, low-maintenance aluminum truck wheels. The expansion of the Székesfehérvár, Hungary facility will...

Alcoa expands in Hungary to meet growing demand for its Lightweight Truck Wheels
18 MAR 20143MINS

Alcoa expands in Hungary to meet growing demand for its Lightweight Truck Wheels

Alcoa, the inventor and global leader of forged aluminum wheels, is investing US$13 million to expand its wheel manufacturing plant in Europe, to meet growing demand for its lightweight, durable, low-maintenance aluminum truck wheels. The expansion of the Székesfehérvár, Hungary facility will...

Automotive sector takes positive steps towards sustainibility
18 MAR 20145MINS

Automotive sector takes positive steps towards sustainibility

Given its heavy reliance on raw material and legislative duties that place emphasis on the reuse and recycling of end-of-life vehicles, Europe's automotive industry is perfectly positioned to accelerate the agenda around closed-loop thinking. Renault's Choisy-le-Roi factory has been pumping out...

European secondary aluminium prices flat as UK deliveries loom
17 MAR 20142MINS

European secondary aluminium prices flat as UK deliveries loom

European secondary aluminium prices were flat on Friday March 14, as exchange rates movements suggest a potential influx of UK material in the coming weeks. DIN226 pressure diecasting ingot stayed at €1,690-1,740 ($2,352-2,422) per tonne, and margins remain razor-thin as scrap prices were also...

Sapa completes divestment of MPE business in Harderwijk
14 MAR 20141MINS

Sapa completes divestment of MPE business in Harderwijk

Sapa has completed the divestment of its multi-port extrusion business in Harderwijk, Netherlands, to Standard Investment. The sale agreement, signed on December 20, 2013, has been formally approved by the European Commission. The transaction was completed on February 20. The divestment of the...

German aluminium industry optimistic for 2014
13 MAR 20141MINS

German aluminium industry optimistic for 2014

Germany's aluminium industry is optimistic about prospects in 2014 after raising output in 2013, the country's aluminium industry association GDA said on Tuesday. "The improved order situation at the end of 2013 and the stable position at the beginning of 2014 speak in favour of an improvement in...

UK secondary aluminium prices stable as Europe brightens at last
13 MAR 20142MINS

UK secondary aluminium prices stable as Europe brightens at last

UK secondary aluminium ingot prices were broadly flat on Wednesday March 12, as sellers reported better prices from the European market, where a weak euro has deterred UK exports so far this year. LM24 pressure diecasting ingot stayed at £1,420-1,480 ($2,362-2,461) per tonne, while LM6/LM25 gravity...

Young Designers’ prize awarded to creative talents at The European Aluminium Award 2014
13 MAR 20142MINS

Young Designers’ prize awarded to creative talents at The European Aluminium Award 2014

The EUROPEAN ALUMINIUM AWARD “Industrial Design & Engineering” will be presented for 9th time for the innovations in Industrial & Consumer Products segments. There will be a total of six categories. The categories are as follows :- Design & Lifestyle, Building & Architecture, Lighting & Interior,...

German non-ferrous scrap imports and exports sink in 2013
12 MAR 20142MINS

German non-ferrous scrap imports and exports sink in 2013

Germany's international trade in non-ferrous scrap metals weakened substantially last year. Both import and export volumes decreased, according to recently released figures from the German Federal Statistical Office (Destatis). On the export side, the plunge in shipments to the People's Republic of...

Constellium is committed to developing, producing and selling sustainable products: Nicolas Brun, VP Communication, Constellium
12 MAR 20147MINS

Constellium is committed to developing, producing and selling sustainable products: Nicolas Brun, VP Communication, Constellium

AlCircle had the opportunity to interact with Mr. Nicolas Brun, Vice President; Communication for Constellium, a global leader in the design and manufacturing of innovative specialty downstream aluminum rolled and extruded products, serving primarily the aerospace, packaging and automotive...

European aluminium scrap prices fall on high supply levels
11 MAR 20142MINS

European aluminium scrap prices fall on high supply levels

European aluminium scrap prices fell on Friday March 7, as producers continued to source their requirements with little difficulty, despite increased demand for secondary aluminium ingots for the second quarter. "Scrap prices are resistant to falls, but scrap dealers have to sell eventually so...

Laminazione Sottile invests on new rolling mill at Caserta
10 MAR 20141MINS

Laminazione Sottile invests on new rolling mill at Caserta

The investment plan of Laminazione Sottile Spa, to be completed within 2014, provides for €16 million to be spent for the construction of a new rolling mill at the facility in San Marco Evangelista (Caserta-Italia). The ongoing R&D activity on projects aiming at streamlining and defining new...

Alro to halt operations due to rise in power costs
06 MAR 20141MINS

Alro to halt operations due to rise in power costs

Romanian aluminum smelter, Alro SA, considered as one of the biggest primary aluminum smelters in Europe said it planned to halt some operations due to a rise in cost of power. Alro said the green certificates’ mandatory quota or carbon permits for the year 2013 was kept fixed at 0.224 green...

Monthly Index belies LME aluminum price forecast, premiums
06 MAR 20142MINS

Monthly Index belies LME aluminum price forecast, premiums

The monthly Aluminum MMI® registered a value of 89 in March, on par with February’s value. The 3-month LME price closed the month of February at $1,765 per metric ton; a small bounce from the record lows registered at the beginning of the month. Most analysts are optimistic with the future role of...

Rusal predicts high aluminium premiums in Europe this year
06 MAR 20142MINS

Rusal predicts high aluminium premiums in Europe this year

Physical prices of European Aluminium will stay high this year as financing deals squeeze the aluminium availability on the spot market, Rusal Deputy Chief Executive Oleg Mukhamedshin said on Thursday. In an interview, Mukhamedshin told Reuters that aluminium premium CIF Europe which reflects...

Austria's AMAG says Q4 core profit rose 2 percent
02 MAR 20141MINS

Austria's AMAG says Q4 core profit rose 2 percent

AMAG Austria Metall said on Friday fourth-quarter core profit rose 2 percent, helped by cheaper raw materials, higher premiums and price hedges. Earnings before interest, tax, depreciation and amortisation (EBITDA) were 24 million euros ($32.8 million), beating the average estimate of 22 million...

RUSAL sees global Aluminum demand to grow by 6% y/y in 2014
02 MAR 20141MINS

RUSAL sees global Aluminum demand to grow by 6% y/y in 2014

Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013. According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth. Aided by strong growth within Asia,...