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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Georgia Profile Extrusion Company’s aluminum extrusion assets acquired by Highlander
Highlander Partners, L.P., today announced it has acquired the aluminum extrusion assets of Profile Extrusion Company located in Rome, Georgia. The operations will continue to operate from the Georgia location under the name of Profile Custom Extrusions, LLC ("PCE") with the current management team...
Powerdyne International, Inc. announces memorandum of understanding with Silver City Aluminum Company
Powerdyne International, Inc., a manufacturing company that builds and leases electrical generation equipment, today announced it has finalized a Memorandum of Understanding (MOU) with Silver City Aluminum Company in Taunton, MA. The MOU calls for Powerdyne International to manufacture two 500 kw...
As price of aluminium continue to rise, LME adds new hedging feature
With the announcement of its new feature, LME has given the traders more number of options than before. Specifically, LME will give the aluminium traders ability to hedge the price of the metal due to the continuous rise in the price of metal as a result of lengthy delivery times. This new contract...
Elkhart Company announces aluminum agreement
Drew Industries Incorporated , a leading supplier of components for recreational vehicles (RVs) and manufactured homes, today announced that its wholly-owned subsidiary, Lippert Components, Inc., has entered into a 6-year aluminum extrusion supply agreement with Atrium Windows and Doors, Inc....
Aleris considers potential sale of recycling and custom alloy unit
Beachwood-based aluminum product maker Aleris Corp. said it is “formally evaluating the potential sale” of its Recycling and Specification Alloys businesses. "While the businesses remain steady and profitable with excellent long-term growth potential, we are always reviewing our operations to...
Officials to visit aluminum plants in China
Five city and county officials will be visiting China later this month to view a new type of aluminum manufacturing facility that is proposed here. The plant is said to be the first in North America to combine aluminum cast house operations with the making of extruded products (parts) and rolled...
Auto demand will provide biggest wave since beverage cans
The aluminum industry expects the automotive sector will generate the biggest wave of new demand since manufacturers started using the lightweight metal to make beverage cans. For us, it’s equivalent to the invention of the (aluminum) can which was introduced to many markets about 50 years ago,”...
Alcoa cut to junk by fitch as aluminum glut hampers earnings
Alcoa Inc., the largest U.S. aluminum producer, was cut to junk by a second ratings company as a global oversupply of the metal hampers profitability. Fitch Ratings cut Alcoa’s credit grade one level below investment grade to BB+ from BBB-, it said yesterday in a statement. It sees Alcoa’s total...
Global aluminum industry to summit in Montreal, Canada for conference
Media representatives are invited to attend a press conference with Jean Simard, President of the Aluminum Association of Canada, and three leaders from major Quebec smelters, namely André Martel, President and Chief Executive Officer of Aluminerie Alouette; Martin Brière, President of Alcoa Canada...
Norton Abrasives introduces Gemini XXL aluminum oxide depressed center wheels
Norton Abrasives, the world’s leading manufacturer of metal fabrication abrasives products for over 125 years, has introduced Gemini XXL, the fastest grinding 100% aluminum oxide depressed center wheels on the market. Providing 50% more life and metal removal than standard aluminum oxide wheels,...
Ford’s Aluminum Recycling plan saves nearly $125 on every 2015 F-150
When Ford announced earlier this year that its new F-150 would employ aluminum for the majority of it’s construction, speculation that insurance, repair, and manufacturing costs would increase began to circulate almost immediately. We investigated the first two concerns at the time, finding them to...
Orbite provides update on financing
Orbite Aluminae Inc., a cleantech company currently commercializing its high-purity alumina process, today provided a general update on its previously announced financing activities. The change in provincial government resulting from the April 7, 2014 elections in Québec, is not expected to have...
Noranda Aluminum Holding Corporation to announce first quarter 2014 results and host earnings call
Noranda Aluminum Holding Corporation will announce financial results for first quarter 2014 in a news release before the NYSE opens on April 23, 2014. Management will review those results during a conference call at 10:00 AM Eastern on April 23, 2014, followed by a question-and-answer session. The...
Aleris completes deal for Nichols Aluminum
The aluminum producer Aleris, headquartered in Cleveland, has completed its acquisition of Nichols Aluminum LLC, a producer of aluminum sheet for the transportation, building and construction, machinery and equipment, consumer durables, and electrical industries in North America. In making the...
AEC announces new Vice Chairman and four new Extruder Directors
The Aluminum Extruders Council (AEC) announced the results of the annual election of officers and directors at the 65th Annual Meeting & Leadership Conference on March 19, 2014 in Coral Gables, Florida. Richard A. Merluzzi, CEO of Pennex Aluminum Company in Wellsville, Pennsylvania, was re-elected...
Century Aluminum sets to announce First Quarter 2014 Earnings on April 24th
Century Aluminum Company will report first quarter 2014 earnings on Thursday, April 24th after the close of market trading. The news release will be issued through Marketwired. The company will hold a follow-up conference call on Thursday, April 24th at 5:00 p.m. Eastern time. The earnings call...
3M adhesive approved for aluminum Ford F-150 bonding
Ford Motor Company has approved 3M Panel Bonding Adhesive (PN08115) and the 3M File Belt Sander for repairs to the new Ford F150 aluminum components. “In order to make sure that repairs to the new truck were straight-forward and reasonable for mainstream collision repair facilities, Ford engineers...
CRL U.S. Aluminum breaks ground on major expansion of Texas headquarters
C.R. Laurence strengthens the U.S. Aluminum brand through a major expansion and renovation of its Waxahachie-based Division headquarters. C.R. Laurence is proud to announce a large-scale expansion and renovation of its U.S. Aluminum Division headquarters in Waxahachie, Texas. Scheduled for...
