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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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...
India again postpones retaliatory import tariffs on US goods to June 16
The Indian government has once again postponed the deadline to impose retaliatory import duties on 29 US products, including almond, walnut, and pulses, by a month. In a notification issued by the finance ministry, the government said that the implementation of increased customs duty, which was...
US exports of aluminium scrap up 18% YoY in Jan-Feb; China and South Korea top the importer list
According to the latest report from US Geological Survey, the U.S. exports of aluminium scrap came in at 149, 000 tonnes in February. The figure was up 22,000 tonnes or 17.32% from February’s 2018 total of 127,000 tonnes. On a month-on-month basis, exports increased 6.43% from January’s export...
India further defers import duties on 29 US products till May 16
The Indian government has once again deferred the deadline to impose retaliatory import duties on 29 US products, including almond, walnut, and pulses. So, now instead of May 2, 2019 the deadline to impose tariffs is on May 16, 2019. The deadlines have been extending since June 2018, when India...
Supreme Court admits NALCO’s petition for hearing on surplus alumina sales to Vedanta
According to the latest media report, Supreme Court admits NALCO’s petition for hearing on alumina sales tender to domestic customers. It was earlier reported that Nalco urged the Supreme Court to challenge Odisha High Court for allowing Vedanta’s Jharsugda unit's participation in the tender...
India’s aluminium wire import to drop in 2019 after stupendous growth in previous year
Increasing demand towards diverse, innovative product grades for electrical and automotive applications are found consistently stimulating the aluminium wire market size across the globe. Composed of aluminium, these wires exhibit corrosion protection properties and find a wide array of usage in...
India’s Jan aluminium exports to USA up 21% YoY; semi-finished records 54% increase
India’s total aluminium export to the USA increased 21 per cent year-on-year to stand at 23,700 tonnes in January 2019. Aluminium export was 19,600 tonnes in January 2018. The country’s total aluminium imports including scrap from the USA soared 113 per cent year-on-year to stand at 18,200 tonnes,...
Indian public and private sector firms on a drive to develop EV infrastructures and components
Indian Ministries and public sector firms are working towards building infrastructure and manufacturing components for electric vehicles (EVs). It is estimated that the EV market in 2030 would be valued at INR 42,000 crore. Private sector is also investing in manufacturing and installing EV...
Vedanta becomes the largest aluminium producer in India in FY2019 contributing about 53% of total production
Vedanta Limited has become the highest aluminium producer in India in FY2019, the data showed after the publication of its production results for the year ended 31st March 2019. Vedanta’s aluminium production stood at 1,959,000 tonnes in FY2019, an increase of 17% year-on-year from 1,675, 000...
India’s aluminium casting manufacturer Alicon posts 37% YoY rise in PAT for FY19
Alicon Castalloy Ltd (Alicon), one of India’s largest integrated manufacturers of aluminium castings, published financial results for the quarter and year ended March 31, 2019. The company reported total income of INR1,192.05 crore in FY19, an increase of 17 per cent from INR1,022.96 crore in FY18....
Xiaomi unveils electric bicycle with aluminium frame and lithium-ion battery
The Chinese tech giant Xiaomi has reportedly unveiled an electric bicycle named Himo C20. It is a pedal assisted e-bike that comes with an aluminium frame and thus, weighs just 21 Kgs. Specially designed for daily city use, Himo C20 e-bike provides a range of around 80 Kms, powered by a 36V 10Ah...
A brief interview with Didier Ostorero, CEO of Cronus Technology AS
Didier Ostorero, CEO of Cronus Technology AS, has a long association with the aluminium industry. He previously worked with Goodtech Recovery Technology in Oslo as Project Engineer and Chief Technology Officer for about 3 years, for the project 'Heat Recovery from Aluminum Pots Based on Heat Pipe...
Sign World Inc. to incorporate BNZ aluminium profile channel letter bending machine in its facility
According to a recent report, a flex printing and signage company Sign World Inc. will soon install a BNZ aluminium profile channel letter bending machine, in a bid to speed up the process of signage making. Marvin Dsilva, the owner of the Coimbatore-based company, said that clients are demanding...
EU to sign MoU with JNARDDC to work on aluminium waste management
According to a recent report, the European Union is likely to collaborate with Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) in May for working together on the management of aluminium waste. JNARDDC, a Central Government Institution, has long been working in research...
Mahindra CIE completes acquisition of Aurangabad Electricals; shares rise 1.41%
Mahindra CIE Automotive announced the completion of the acquisition of Aurangabad Electricals yesterday April 9, 2019. The shares of the company rose 1.41% to INR 226.20 at 11:43 IST on BSE after the announcement. Mahindra CIE Automotive announcement said that it had acquired 100% issued and...
India’s 2019 aluminium wire import estimated to decline 37% after a sharp growth last year
Wires form a large portion of the total aluminium product import by India as 48% of aluminium consumption in the country is in the electrical sector. In 2018, India had seen a sharp growth in aluminium wire import straight from 15,315 tonnes in 2017 to 70,396 tonnes, up 360 per cent according to...
India initiates dumping investigation into aluminium, zinc coated flat products on JSW complaint
India has initiated an investigation into the alleged dumping of aluminium and zinc coated flat products originating in or exported from China PR, Vietnam and Korea RP. JSW Steel Coated Products Limited, which accounts for more than 60% of the total production in India, had filed an application for...
Vedanta achieves record aluminium production in FY2019, up 17% YoY
Vedanta Resources Limited published production results for the year ended 31st March 2019. The company registered record annual production for the alumina and aluminium segments. Vedanta reported record aluminium production of 1,959,000 tonnes in FY2019, an increase of 17% year-on-year, as the...
