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...
US industrial policy needs to be systematic, not just ad hoc – Part 2
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 2 Impact #5 of ad hoc industrial policy: Failing to use all required tools Industrial policy is often caricatured as just tariffs and subsidies. Mis-framed debates that evaluate the merits of tariffs in...
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Aleris Breaks Ground on $350 Million Automotive Expansion in Lewisport, Kentucky
Aleris today broke ground on an expansion of its facility in Lewisport, Kentucky. The company is investing $350 million to equip the facility with additional heat treatment and finishing capabilities to produce wide aluminum auto body sheet for the automotive industry. The investment positions...
Greco Aluminum Railings Names New President and Vice President
Greco Aluminum Railings Ltd. announced the promotion of Dino Aleo to president and Dave Paquette to vice president of business development. As president, Aleo will oversee day-to-day operations and the execution of strategic growth goals and objectives for both Greco Aluminum Railings Ltd. and its...
Century Reports Third Quarter 2014 Financial Results
Century Aluminum Company reported net income of $50.4 million or $0.52 per common share for the third quarter of 2014 on higher aluminum prices and lower power prices in the Midwestern U.S. Sales for the third quarter of 2014 were $500.6 million compared with $399.9 million for the third quarter of...
Aleris to Announce Third-Quarter 2014 Financial Results on November 4
Aleris is scheduled to announce third-quarter 2014 financial results on Tuesday, November 4, 2014. Chairman and Chief Executive Officer Steve Demetriou and Chief Financial Officer Eric Rychel will host an earnings conference call at 9 a.m. ET on Tuesday, November 4, 2014, to discuss the company's...
Next-generation Wrangler will get an aluminum body
The next-generation Jeep Wrangler will feature an aluminum body to save weight, and will remain a body-on-frame vehicle, sources say. Because Chrysler won't make the switch to unibody construction, Wrangler assembly will probably stay in Toledo. And that means the company will likely produce more...
Sapa shows year-on-year improvement in third quarter
Sapa’s underlying financial results in the third quarter were lower than in the previous quarter, partly due to seasonally lower sales volumes in Europe, but were considerably higher than in the third quarter of last year. Sapa had underlying EBIT of NOK 201 million in the third quarter (NOK 350...
ISRI member George Chen receives special recognition for work in the recycling industry
The Institute of Scrap Recycling Industries (ISRI) congratulates George Chen, president of ISRI Member G&T Trading International in Clifton, New Jersey, for receiving the Commissioner’s Award from the New Jersey Department of Environmental Protection. George was honored at the Association of New...
Alcoa to sell ownership stake in Mt. Holly Smelter to Century Aluminum
Alcoa today announced that it has reached an agreement to sell its ownership stake in the Mt. Holly aluminum smelter in Goose Creek, South Carolina, to Century Aluminum Company for $67.5 million in cash, plus an additional potential earn-out. Mt. Holly is owned 50.3 percent by Alcoa and 49.7...
Minneapolis recycling rate rises with single-sort service
Minneapolis’ switch to single-sort recycling has prompted residents to recycle nearly 29 percent more waste than a few years ago, when all recyclables had to be sorted into separate containers The shift has also prompted a sizable drop in the number of workers’ compensation claims related to...
Fourth straight year of growth in North America
Aluminium demand in North America has risen by 31 percent since 2009, reports the U.S. Aluminum Association. The increase includes growth in the key market segments, including transportation. All the figures are included in the Association’s latest Aluminum Statistical Review, which was released on...
Aleris to sell its recycling and specification alloy businesses to Signature Group Holdings
Aleris announced today that it has signed a definitive agreement to sell its North American and European Recycling and Specification Alloys businesses to an affiliate of Signature Group Holdings. The sale includes 18 production facilities in North America and six in Europe. The facilities offer a...
New aluminum statistical review shows demand growth for fourth straight year
The Aluminum Association released the latest edition of the Aluminum Statistical Review for 2013 on October 15. The 2014 edition of the Review, which features statistics through 2013 in the North American market, includes information on every cycle of the aluminum production process from primary...
Oldcastle BE announces price increase on aluminum products
In a recent letter to customers, officials from Oldcastle BuildingEnvelope announced a price increase on its aluminum and aluminum accessory products. An increase of 6 percent went into effect on all orders received, and shipments made, after Sept. 16, according to the letter. Company officials...
Ford is hiring 850 workers to help build aluminium F-150 pickup
Ford Motor Co., on a hiring spree in advance of next year’s labour contract negotiations, said it’s adding 850 workers at its Dearborn, Michigan, manufacturing site to help make the new aluminium-bodied F-150 pickup. “These new jobs will help meet anticipated customer demand,” Joe Hinrichs, Ford’s...
Aleris International announces Nichols Aluminum plant closure, 95 job cuts in Decatur
Ohio-based Aleris International said Wednesday it will close its aluminum finishing plant in Decatur just a few months after acquiring the business in a $110 million cash deal. Nichols Aluminum, which began as Decatur Aluminum Corp. in the late 1950s and now has 95 employees, will shut down during...
Century Aluminum sets date for third quarter 2014 earnings announcement
Century Aluminum Company will report third quarter 2014 earnings on Wednesday, October 29th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Wednesday, October 29th at 5:00 p.m. Eastern time. The earnings...
Alcoa manufactures world’s largest single-piece forged aluminum hull for combat vehicles to improve troop protection
Alcoa, a global leader in lightweight, high-performance metals, has produced the world’s largest single-piece forged aluminum hull for combat vehicles to improve troop protection as part of a joint Alcoa-US Army initiative launched last year. Announced in Washington, DC at the Association of the US...
Aleris introduces 7017 aluminum alloy in North America
Aleris announced today that it is now offering a new 7017 aluminum alloy in North America for commercial plate and defense end-uses. After extensive review and testing of Aleris 7017, the United States Army Research Lab (USARL) has issued MIL-DTL-32505 for use in armor applications. "7017 has a...
