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Novelis accomplishes $150 million Aluminum Rolling and Recycling expansion project in Brazil
12 AUG 20212MINS

Novelis accomplishes $150 million Aluminum Rolling and Recycling expansion project in Brazil

On 12 th August 2021, the world leader in aluminium rolling and recycling, Novelis Inc. announced the completion of its $150 million investment to enlarge both rolling and recycling capacity at its Pindamonhangaba plant in Brazil by 100 kilotonnes each. The annual production capacity at this...

US solar projects bag DOE funding to develop innovative technologies; Silfab Solar to scale its aluminium backsheets
12 AUG 20212MINS

US solar projects bag DOE funding to develop innovative technologies; Silfab Solar to scale its aluminium backsheets

The US Department of Energy (DOE) will reward nine domestic projects to fast-track the commercialisation of technologies that can support combining more solar electricity into the power grid. DOE will allocate $14 million of funding as part of an attempt to incentivise the domestic manufacturing...

Dudley’s Aluminium secures multimillion pound contact for Millwrights Place and Coopers Court
11 AUG 20211MINS

Dudley’s Aluminium secures multimillion pound contact for Millwrights Place and Coopers Court

Cardiff-based aluminium fabricator Dudley’s Aluminium has reportedly bagged another multimillion pound project contract with Willmott Dixon to work on the Millwrights Place and Coopers Court residential scheme at Finzels Reach. Dudley’s has already started working on Halo, an office accommodation...

Downstream Weekly Recap: Q1 FY 2022: Novelis posts net income from continuing operations of $303 million, up 597% YoY; Wheels India starts production of cast aluminium wheels at its new facility
07 AUG 20215MINS

Downstream Weekly Recap: Q1 FY 2022: Novelis posts net income from continuing operations of $303 million, up 597% YoY; Wheels India starts production of cast aluminium wheels at its new facility

The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial...

Gillespie & Powers to build 200,000 Lb. Batch Homogenizing Furnace for Ellwood Aluminum
06 AUG 20211MINS

Gillespie & Powers to build 200,000 Lb. Batch Homogenizing Furnace for Ellwood Aluminum

Gillespie & Powers Inc. is pleased to announce it has entered into an agreement with Ellwood Aluminum for the supply of one 200,000 Lb. Batch Homogenizing Furnace for their Phase-II expansion in Hubbard OH. This equipment will be operational in 2022. Gillespie & Powers Inc. is honoured to have been...

Ball Corporation reports net earnings of $202 million in second quarter; Beverage can manufacturing facility starts production
06 AUG 20212MINS

Ball Corporation reports net earnings of $202 million in second quarter; Beverage can manufacturing facility starts production

Ball Corporation reported net earnings of $202 million on sales of $3.5 billion in the second quarter of 2021, compared to $94 million net earnings on sales of $2.8 billion in 2020. Net earnings attributable to the corporation were $402 million for the first six months of 202i on sales of $6.6...

Wheels India starts production of cast aluminium wheels at its new facility
05 AUG 20212MINS

Wheels India starts production of cast aluminium wheels at its new facility

Wheels India has announced the commencement of cast aluminium wheels production at its new facility at Thervoy Kandigai. The company has also started to export these products the US market, said S Ram, Chairman of Wheels India while addressing shareholders at the 62nd AGM. He added that the demand...

Runaya to set up aluminium dross recycling plant in collaboration with Hindalco and NALCO
04 AUG 20212MINS

Runaya to set up aluminium dross recycling plant in collaboration with Hindalco and NALCO

Runaya announced that the company is in talks with Hindalco Industries and National Aluminium Company Limited (NALCO) for the establishment of an aluminium dross recycling plant. The company aims to expand its clientele in the domestic market as Vedanta Limited is the only client of Runaya....

Australia and Guinea to promote global bauxite production growth in 2021, Fitch estimates
03 AUG 20213MINS

Australia and Guinea to promote global bauxite production growth in 2021, Fitch estimates

Fitch Solutions has forecast in its recent industry report that new projects coming online in Guinea, Indonesia, and Australia and ramp-up in Indian and Indonesian output will drive the global bauxite production growth this year after the COVID-19 pandemic in 2020. The American credit rating agency...

Hindalco projects to invest INR 8,000-10,000 crore in aluminium downstream business
01 AUG 20212MINS

Hindalco projects to invest INR 8,000-10,000 crore in aluminium downstream business

Hindalco Industries Limited, a subsidiary of the Aditya Birla Group is projecting to inject around INR 8,000-10,000 crore at Hirakud, Silvassa, and Mundra facilities in India. Hindalco stated in its annual report 2020-21: “The group proposes to invest towards the expansion of flat rolling capacity...

Titagarh Wagons’ plant in Italy flags first aluminium train coaches for Pune Metro
01 AUG 20213MINS

Titagarh Wagons’ plant in Italy flags first aluminium train coaches for Pune Metro

On 31st July 2021, India’s leading designer and manufacturer of modern rolling stock Titagarh Wagons Ltd stated that its plant in Italy has flagged the first train for Pune Metro coach, made of aluminium out of the 34 trains. In August 2019, Titagarh Firema SpA, a wholly-owned subsidiary of...

Hydro to invest $48.3 million to install aluminium extrusion press line at its Cressona facility
29 JUL 20211MINS

Hydro to invest $48.3 million to install aluminium extrusion press line at its Cressona facility

Hydro has decided to install a state-of-the-art 3,000-ton 12” indirect aluminium extrusion press line at its Cressona facility, Pennsylvania. The installation involves $48.3 million investment to meet North America’s growing transportation, distribution, and industrial market segments. The company...

Altech Chemicals settles $195 million green bond offering to finance HPA plant in Malaysia
29 JUL 20213MINS

Altech Chemicals settles $195 million green bond offering to finance HPA plant in Malaysia

The high-purity alumina provider, Altech Chemicals, who aims to become the world’s largest supplier in its segment has entered the conclusive stages of a $195 million listed green bond offering to dispense additional financing for the construction of a planned $400 million high purity alumina (HPA)...

Ball Corporation to invest $383.8 million to manufacture aluminium cans for Red Bull and Rauch
28 JUL 20212MINS

Ball Corporation to invest $383.8 million to manufacture aluminium cans for Red Bull and Rauch

According to a recent report, Ball Corporation, the world’s leading beverage packaging company, will contribute $383.8 million to over $1 billion project with Red Bull and Rauch’s beverage manufacturing hub in Concord, Cabarrus County, USA. The three companies together will make the investment by...

Novelis invests $7 million for expansion, restarts idle equipment at its facility in Terre Haute
28 JUL 20213MINS

Novelis invests $7 million for expansion, restarts idle equipment at its facility in Terre Haute

On 27th July 2021, the global leader in aluminium rolling and recycling, Novelis is investing more than $7 million to recruit 37 new employees and resumes the several pieces of idled equipment at its manufacturing facility in Terre Haute, Indiana. The plant with this expansion will produce...

Vedanta to expand Balco's smelter capacity with INR 6,611 crore investments
27 JUL 20211MINS

Vedanta to expand Balco's smelter capacity with INR 6,611 crore investments

Vedanta has planned to expand Bharat Aluminium Company’s smelter capacity by 414 kilo-tonnes per annum (KTPA). The expansion involves an investment of INR 6,611 crore over the next two years. ''Vedanta...has announced a major expansion at Bharat Aluminium Company's (Balco) smelter capacity, which...

Hydro invests EUR 45 million in Nenzing aluminium extrusion plant to expand capacity by 30%
27 JUL 20212MINS

Hydro invests EUR 45 million in Nenzing aluminium extrusion plant to expand capacity by 30%

Hydro Extrusions has decided to spend EUR 45 million in the Nenzing aluminium extrusion plant in Europe. The company will increase production capacity by 30% to meet the growing demand of aluminium extrusions in the region. The aluminium plant will add a fourth extrusion line and expand mechanical...

Ex-Nalco Chief Tapan Kumar Chand joins Vedanta as Resident Director of Odisha & Chhattisgarh
25 JUL 20212MINS

Ex-Nalco Chief Tapan Kumar Chand joins Vedanta as Resident Director of Odisha & Chhattisgarh

India’s largest aluminium producer, Vedanta has appointed the former CMD NALCO & currently Independent Director of BALCO, Dr Tapan Kumar Chand as Resident Director of Odisha & Chhattisgarh. Dr Chand, an alumnus of the University of Calcutta is renowned as a top mining & metal professional, who is...