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NALCO to buy back 25% stake from government
03 MAY 20162MINS

NALCO to buy back 25% stake from government

State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 per cent of its shares from the government, Indian Mines Secretary Balvinder Kumar said after a meeting with the company on Monday to discuss pricing. The buyback, initiated by the finance ministry earlier this year, is...

JNARDDC to develop aviation grade aluminium alloys for IAF
02 MAY 20163MINS

JNARDDC to develop aviation grade aluminium alloys for IAF

The Jawaharlal Nehru Aluminium Development and Design Centre (JNARDDC) is working towards development of aviation grade alloys for the Indian Air Force (maintenance command) as a part of the indigenization process and the 'Make in India' initiative of the government. It will also be setting up an...

Balco plans to enhance capacity to 1 MTPA
02 MAY 20162MINS

Balco plans to enhance capacity to 1 MTPA

Vedanta-controlled Bharat Aluminium Company Limited (Balco) would be expanding its production capacity to 1 million tonne per annum (MTPA). The proposal for the expansion and modernisation of Balco facility located in Chhattisgarh’s Korba district was designed in 2013. It was however put on hold...

Rico Auto sets up manufacturing plant in Chennai
29 APR 20161MINS

Rico Auto sets up manufacturing plant in Chennai

Rico Auto Industries Ltd stock was higher by 5 per cent at INR 40. The company has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan. The scrip opened at INR 40 and has touched a high and low of INR 41.1 and INR 39.7...

UC RUSAL, Guinea agree on partnership development terms for Friguia bauxite complex
29 APR 20163MINS

UC RUSAL, Guinea agree on partnership development terms for Friguia bauxite complex

UC RUSAL, a leading global aluminium producer, and the Republic of Guinea have signed an annex to the Dian-Dian concession agreement and also reached an agreement on resuming operations at the Friguia bauxite and alumina complex. The newly signed annex to the Dian-Dian concession agreement splits...

NALCO to go for toll-smelting of aluminium in Iran
28 APR 20163MINS

NALCO to go for toll-smelting of aluminium in Iran

Taking advantage of availability of cheap gas based power in the Gulf region, National Aluminium Company (Nalco) plans to go for toll-smelting arrangement soon with three Iranian companies to produce aluminium. Nalco CMD, T K Chand, who was in Iran recently as part of an Indian business delegation,...

Baosteel to put online 700 mln aluminium can project
28 APR 20161MINS

Baosteel to put online 700 mln aluminium can project

Baosteel will put online its aluminium can project in Heilongjiang province next month and plans to more than double the capacity in the future, cnmn.com reported. The project will produce 700 million aluminium zip-top cans in the first phase. The company plans to expand total capacity of the...

Henan begins building large-scale aluminium alloy wheel project
28 APR 20161MINS

Henan begins building large-scale aluminium alloy wheel project

Henan Energy Sanmenxia Dicastal Wheel Manufacturing Co. broke ground on its aluminium alloy wheel rim project several days ago, industry sources reported. The project is designed to produce 4 million aluminium alloy wheel rims each year. Planned investment for the first phase of the project totals...

Orbite announces a $15 mln financing from the govt
28 APR 20162MINS

Orbite announces a $15 mln financing from the govt

Orbite Technologies Inc. announced yesterday that it has entered into a letter of intent with Investissement Quebec, acting as mandatory of the Government of Quebec, whereby Investissement Quebec has agreed to provide the company with an aggregate financing of $15 million. The Financing is expected...

Altech signs off take sales agreement with Mitsubishi for all HPA production
28 APR 20162MINS

Altech signs off take sales agreement with Mitsubishi for all HPA production

Altech Chemicals Limited has announced the execution of a 10 year off take sales arrangement (Agreement) with Mitsubishi Corporation’s Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi) for 100 per cent of the high purity alumina (HPA) production from the company’s proposed Malaysian HPA...

MWSD launches forged aluminium wheel option for Euro 6 tractor units
26 APR 20162MINS

MWSD launches forged aluminium wheel option for Euro 6 tractor units

Motor Wheel Service Distribution (MWSD) has unveiled the latest Xlite and Xbrite+ forged aluminium wheels, designed predominantly for DAF vehicles and petrol and powder tractor units with a weight saving axle. The official UK distributor of Wheels India’s Xlite range has made two eight stud...

Canadian firm OpenAire to build giant aluminium skyline for UAE mall
22 APR 20162MINS

Canadian firm OpenAire to build giant aluminium skyline for UAE mall

OpenAire, a Canadian designer of eco-friendly roof structures, said it has won a contract to manufacture a huge, aluminium elliptical-shaped dome for a 280,000-sq-ft shopping mall in Sharjah, UAE. Located less than 10 km from Dubai, the 31-storey complex will rise from the city's waterfront like an...

Downstream aluminium hub planned for Richards Bay in SA
21 APR 20162MINS

Downstream aluminium hub planned for Richards Bay in SA

The Richards Bay Industrial Development Zone (RBIDZ) in South Africa wants to establish an aluminium metals hub comprising downstream product manufacturers in the KwaZulu-Natal city to tap into the growing use of aluminium instead of steel by the automotive sector. Aluminum has become the second...

Bechtel selected by Aluminium Bahrain for major project
21 APR 20161MINS

Bechtel selected by Aluminium Bahrain for major project

Bechtel, a global leader in engineering, procurement and construction, has been selected by Aluminium Bahrain, B.S.C. (Alba) to build the sixth potline for their Alba aluminium smelter in the Kingdom of Bahrain. Upon completion, Alba will become the world's largest single-site aluminium smelter....

Vedanta seeks extension of aluminium SEZ
20 APR 20162MINS

Vedanta seeks extension of aluminium SEZ

Aiming to ramp up capacity of the idle aluminium smelter lying within its product specific Special Economic Zone (SEZ), Vedanta has sought extension of the formal approval for the SEZ beyond May 22 this year. The Board of Approvals (BoA) under Union commerce and industry ministry will consider...

Alba hosts VIP delegation from SABIC
20 APR 20161MINS

Alba hosts VIP delegation from SABIC

Aluminium Bahrain B.S.C. (Alba), a leading aluminium smelter in the world, welcomed on Thursday April 14, 2016 a high level delegation from the Saudi Arabian Basic Industries Corporation (SABIC) led by the Vice Chairman and acting CEO Mr. Yousef Abdulla Al-Benyan, Alba Board member Mr. Abdul Aziz...

Aluminium pressure diecasting maker JVM pumps £1m into Tamworth operation
19 APR 20161MINS

Aluminium pressure diecasting maker JVM pumps £1m into Tamworth operation

The British aluminium pressure diecasting manufacturer JVM Castings has invested more than £1m into its Tamworth site in a move that has will create 14 jobs. The business has installed additional machinery and invested in sustainable processes at its facility on the Lichfield Road Industrial...

Vedanta kicks off ramp up of second aluminium smelter at Jharsuguda
18 APR 20163MINS

Vedanta kicks off ramp up of second aluminium smelter at Jharsuguda

Diversified metals and mining major Vedanta Resources has initiated the ramp up of its second aluminium smelter at Jharsuguda. Vedanta aims to commission two potlines of the smelter to reach a capacity of 0.6 million tonne per annum (mtpa) by the end of this financial year. The second smelter with...