AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
HPCL Brings Energy Leaders, Researchers and Startups Together at IISc Bengaluru to Accelerate energy Innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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Aluminium producers seek import hike and rational raw materials cost
Ahead of the budget, aluminium producers in India have reportedly urged the government to increase import duty on primary aluminium, aluminium scrap, and downstream products. Besides, they have also sought steps from the government to rationalise the costs of raw materials. Industry bodies such as...
India decides to impose additional customs duties on 29 US goods with effect from June 16
According to the recent report, India has finally decided to impose additional customs duties on 29 US products including almond, walnut, and pulses, after delaying it for several times since June 2018. As per the report, the duties will come into effect on June 16, as the extension of the duties...
CAIT urges government to reduce GST on aluminium utensils
Confederation of All India Traders (CAIT) appealed to the government to cut goods and services tax (GST) on aluminium utensils. Traders body CAIT submitted a white paper on GST to Finance Minister Nirmala Sitharaman. They also demanded a GST rate cut on auto parts, hardware, mobile covers, ice...
India’s passenger vehicle sales register the sharpest drop of 20.5% in May
According to the statistics from Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales dropped 20.55 per cent YoY to 239,347 units in May from 301,238 units in May 2018. This is sharpest decline in the history of passenger vehicle sales in India. Passenger car sales declined...
Lanjigarh Unit of Vedanta Aluminium observing World Environment Week from June 5-12
To commemorate the World’s Environment Day, Vedanta Aluminium, Lanjigarh unit, is celebrating the World Environment Week from June 5 to June 12. Keeping the theme of the year in mind – ‘Tackling Air Pollution’, the company is organising mass plantation drives, sapling distribution and other...
Vedanta plans to set up auto ancillary park in Odisha for manufacturing alloy wheels
In partnership with the Odisha government, Vedanta is reportedly planning to set up a hot metal park at Jharsuguda, which would host auto ancillary units with Vedanta’s aluminium unit being the anchor. According to Business Standard report, the company, while specifically looking at alloy wheels,...
Universal Prime Aluminium reports about 95.35% fall in profit in FY 2019
India based Universal Prime Aluminium which has been engaged in the manufacture and sale of aluminium collapsible tubes and metal containers has reported results for the quarter ended March 2019. The company was formerly known as Universal Cans and Containers Limited. The company has been going...
Top five aluminium exporters to the U.S. during the first 3 months of 2019
The U.S. total imports of aluminium for consumption during the first 3 months of 2019 stood at 1.44 million tonnes, 20% less than 1.81 million tonnes in the same period in 2018, according to the latest Mineral Industry Survey report from US Geological Survey. The U.S. imported 509,000 tonnes of...
US exports of aluminium scrap up 17% YoY in three-month period
According to the latest report from US Geological Survey, the U.S. exports of aluminium scrap increased from 143,000 tonnes in March 2018 to 163,000 tonnes in March 2019, which indicates a 14 per cent growth year-on-year. On a month-on-month basis, exports increased 9.4 per cent from February’s...
UAE’s estimated aluminium scrap exports up 26% YoY in 2018
The United Arab Emirates (UAE) exports huge amount of aluminium scrap every year. UAE is one of the major aluminium recycling hubs in the Middle East. The top export destinations of aluminium scrap are India, Italy, Turkey, Spain, Pakistan, Saudi Arabia, and Oman among others. According to recent...
Automotive Engineering Show 2019 returns to Chennai on July 4 bringing together OEMs and technology providers
The 12th edition of the Automotive Engineering Show 2019 returns to Chennai this year. The event is expected to bring together leading technology-driven brands and their newest innovations for the automotive industry. The USD 93 billion automotive industry in India is shouldering 7.1% of India's...
Hindalco forms a consortium with Ball and Can-Pack India to promote use of aluminium beverage cans
In the first week of May Hindalco Industries, Ball Beverage Packaging (India) and Can-Pack India together announced the forming of a consortium called Aluminium Beverages Can Association of India (ABCAI) in order to promote the use of aluminium cans for beverage packaging in India. ABCAI would...
Indian steel and aluminium producers urge for exclusion from tariff reduction list in RCEP negotiations
Indian steel and aluminium producers have asked the Commerce Ministry to exclude the two items from tariff reduction commitments in the on-going Regional Comprehensive Economic Partnership (RCEP) negotiations. Senior officials from the 16 member- countries are to meet in Bangkok this week to give...
Ball India expects aluminium can consumption in India to increase significantly in the coming years
According to a statement of Ball India the consumption of aluminium cans for storing beverages, food items and household products in India has potential to grow significantly from the present rate. Ball India acquired its Maharashtra plant from Rexon in 2006 and set up its own plant in Andhra...
Nespresso and Caran d’Ache’s partnership brings second edition of pen from recycled aluminium coffee pods
Coffee lovers’ favourite Nespresso and prestigious stationer Caran d’Ache’s successful partnership has reportedly launched a second limited edition of ballpoint pen made from Nespresso's recycled aluminium coffee capsules. The pen is dressed in the same deep hue of green representing Nespresso’s...
Endurance Technologies’ consolidated net profit and sales up 27% and 18% YoY in FY2019
Leading automotive component manufacturer Endurance Technologies announced results for the quarter and year ended 31st March 2019. The company reported a 27.75 per cent increase in consolidated net profit at INR 148.65 crore for the fourth ended March 2019. Net profit was INR 116.36 crore for the...
JNARDDC develops process to convert CFA into aluminium fluoride and high purity silica
Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC), Nagpur has reportedly innovated a process to convert coal fly ash into useful products such as aluminium fluoride and high purity silica at laboratory scale. So, now the current demand of aluminium fluoride, which is about...
Hindalco’s consolidated EBITDA up 11% in FY19; Aluminium VAPs production up 5%
Aditya Birla Group flagship company Hindalco Industries announced results for the fourth quarter and year ended 31 March 2019. Hindalco’s consolidated revenue increased from INR1,15,820 crore in FY18 to INR 1,30,542 crore in FY19. EBITDA stood at INR16,627 crore, up 11% year-on-year. This buoyant...
