NewsEuropePage 219

Grow with
AL Circle

KNOW MORE
Mozambique’s Mozal may start the export of aluminium to Netherlands
02 MAR 20141MINS

Mozambique’s Mozal may start the export of aluminium to Netherlands

Aluminium ingots produced by Mozal aluminium foundry in Mozambique may be exported to Netherlands, said Lilianne Ploumen, the DutchMinister for Foreign Trade and Development Cooperation as reported in Correio da Manhã, Mozambican newspaper. According to this report, the minister has not mentioned...

MIDLANDS collaboration in aluminium sector generating growth
27 FEB 20143MINS

MIDLANDS collaboration in aluminium sector generating growth

A collaborative business approach by two leading Midlands companies that make aluminium products is creating growth and recruitment in the sector. Superform, based at Blackpole in Worcester, has developed over the past 40 years unique “superforming” technology that gives designers unprecedented...

Hydro boosts capacity for growth market in automotive products
25 FEB 20142MINS

Hydro boosts capacity for growth market in automotive products

Norsk Hydro ASA will invest in a new production line at its rolled products plant in Grevenbroich, Germany. The new line will increase annual capacity for aluminium car body sheet to 200,000 metric tons. "In the search for light-weighting vehicles and reducing CO2 emissions, automotive customers...

SAPA decides to shut down its precision tubing plant in HANOVER
24 FEB 20141MINS

SAPA decides to shut down its precision tubing plant in HANOVER

Aluminum producer Sapa wants to close its precision tubing plant located in Hanover, Germany. Since their agreement with Norsk Hydro in 2012 , SAPA has worked on various restructurings as well as asset sales, to combine their downstream operations. In order to get a good hold over the market, the...

Montenegro's Uniprom offers to buy aluminium firm KAP's assets
24 FEB 20143MINS

Montenegro's Uniprom offers to buy aluminium firm KAP's assets

Montenegrin privately-held metals trader Uniprom has filed the sole bid in the second tender for the sale of bankrupt aluminium firm KAP's assets, offering to pay the starting price of EUR 28mn, daily Vijesti reported on Feb 20. The offered price was somewhat lower than the EUR 28.5mn Uniprom...

Aluminum fee expected to hit record as producers reduce global output
24 FEB 20143MINS

Aluminum fee expected to hit record as producers reduce global output

Aluminum buyers in Japan, Asia’s largest importer, are set to agree on a record fee next quarter as global producers reduce output and rates in the United States and Europe surge, said three executives who will start price negotiations next week. The surcharge for the three months starting in April...

Aleris to supply Boeing with aluminum aerospace plate and sheet
23 FEB 20141MINS

Aleris to supply Boeing with aluminum aerospace plate and sheet

Aleris said it has signed a multiyear agreement with Boeing to supply the aircraft maker with aluminum aerospace plate and sheet. Aleris, an aluminum recycler and producer of aluminum products, did not specify the value of the work for Boeing. However, Aleris did say aluminum plate and sheet...

Constellium launches new aluminium high-strength technology for Crash Management Systems
20 FEB 20142MINS

Constellium launches new aluminium high-strength technology for Crash Management Systems

Constellium N.V. today announced the launch of new aluminium high-strength Crash Management Systems (CMS) technology designed for the front and the rear of a vehicle for enhanced structural protection in the event of a collision. Constellium’s innovative technology enables the production of...

Romanian aluminum producer Alro ends 2013 on a loss
19 FEB 20143MINS

Romanian aluminum producer Alro ends 2013 on a loss

Romania’s aluminum producer Alro Slatina reported for 2013 a preliminary adjusted net loss on RON 78 million (some EUR 17.6 million), compared to an adjusted net profit of RON 123 million (EUR 27.6 million) in 2012. It also reported sales of RON 2.02 billion (EUR 458 million) in 2013. The company...

PPC says Greek court rejects Aluminium SA's appeal
18 FEB 20141MINS

PPC says Greek court rejects Aluminium SA's appeal

Public Power Corporation (PPC) said an Athens Single-Membered Court of First Instance has rejected an appeal filed by Aluminium SA regarding unlawful state aid totalling 17.4m euros, plus interest, that it received. The court's ruling was based on a relevant decision of the European Commission...

Calderys acquires Termorak in Finland
17 FEB 20141MINS

Calderys acquires Termorak in Finland

Calderys, a world leader in Refractory Solutions and a subsidiary of Imerys, announces that it acquired Termorak Group, a company specialized in Refractory Services (including lining design, refractory material sourcing, as well as installation work and inspections). With € 17.2 million revenue in...

Aluminium producer Sapa will shut Hanover tubing plant
16 FEB 20142MINS

Aluminium producer Sapa will shut Hanover tubing plant

Downstream aluminium producer Sapa has announced that it will close its precision tubing plant in Hanover, Germany. “After careful considerations, Sapa’s Precision Tubing business area has today started consultations with employees in Hanover, Germany, regarding a potential closure of its...

Study finds more aluminium recovered from incinerator bottom ashes
16 FEB 20142MINS

Study finds more aluminium recovered from incinerator bottom ashes

During 2011-2012, the European Aluminium Association (EAA) was actively involved in a significant study at two different Italian incinerators to better understand the behaviour of several aluminum packaging items as they move through the incinerator. These tests were initiated by the Italian...

Glencore Xstrata’s Pacorini delists 14 metal warehouses in Vlissingen
14 FEB 20141MINS

Glencore Xstrata’s Pacorini delists 14 metal warehouses in Vlissingen

Things are changing… “Glencore Xstrata’s Pacorini (warehousing and logistic subsidiary of Glencore Xstrata) has delisted 14 metals warehouses in the Dutch port of Vlissingen, the London Metal Exchange (LME) said on Tuesday, as storage firms get ready for big changes in the business,” reports...

Europe aluminium premiums remain steady at record highs
12 FEB 20142MINS

Europe aluminium premiums remain steady at record highs

Premiums paid in Europe for releasing aluminium from storage have remained steady at record levels this month. Traders said they may be contained by new rules of London Metal Exchange (LME aimed at cutting wait-times aluminium. Premiums competed to record highs early in the month of February, above...

 Can-maker Rexam plc  acquires stake in Magnaparva Packaging
11 FEB 20141MINS

Can-maker Rexam plc acquires stake in Magnaparva Packaging

Rexam plc today announced the acquisition of an equity stake in Magnaparva Packaging, a part of UK-based engineering group Magna Parva, to help develop new technological solutions for its beverage can-making process. Rexam didn’t disclose the value of its investment or the size of the stake...

Trafigura's Impala delists 8 metals warehouses in Antwerp
11 FEB 20141MINS

Trafigura's Impala delists 8 metals warehouses in Antwerp

Commodity trader Trafigura's warehousing and logistics subsidiary has delisted eight metals warehouses in Antwerp, Belgium, the London Metal Exchange (LME) said on Monday. The move by Impala Terminals UK Ltd comes as the market prepares for tighter LME rules to reduce wait times to access metal in...

Indian companies may not gain from global aluminium rally
09 FEB 20142MINS

Indian companies may not gain from global aluminium rally

Investors note, the recent upswing in aluminium premiums in the US and Europe may not benefit Indian aluminium manufacturers - Hindalco Industries and Nalco - as such premiums have been relatively stable in Asia. Aluminium prices on LME continue to be muted with production exceeding demand coupled...