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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SIFCO Industries announces the acquisition of MW General
SIFCO Industries, a leading supplier of forged components to the aerospace and energy industries, announces the acquisition of substantially all of the operating assets and operations of MW General, Inc. (DBA General Aluminium Forgings) (“GAF”). GAF is an aerospace component supplier located in...
Orbite finalizes agreements with Gastier MP and Vtek Consultants
Orbite Aluminae Inc. announces the issuance of an aggregate of 14,525,146 class A shares at a price of C$0.945 per share to Gastier MP Inc. and Vtek Consultants Inc., two of its suppliers, in full settlement of their respective outstanding claims. The shares are issued pursuant to settlement...
Another expansion for Postle Aluminum
This will be Postle Aluminum Co.'s third expansion in eight years. Even though most of the Elkhart-based company's largest clients are located nearby, it chose to make this more than $12.5 million expansion at its Cassopolis plant on Edwards Street. The company broke ground earlier this month and...
Century warns Hawesville smelter may close permanently on Aug 20 without power deal
If Century Aluminum's pending application with Kentucky regulators to access cheaper wholesale power is not approved by August 20, the company's 244,000 mt/year Hawesville smelter will close and probably never reopen, the company said in a new filing Friday with the Kentucky Public Service...
June World Aluminum Output 2.042 Mln Tons, Down 70,000 Tons
Total world aluminum production in June fell by 70,000 metric tons to 2.042 million tons, according to figures released Monday by the International Aluminum Institute. World production in May stood at 2.112 million tons. June production was up 12,000 tons compared with the same month of 2012, when...
Goldman denies New York Times' aluminium Price Manipulation Scheme Story
This weekend the New York Times published a big story on Metro International Trade Services, a Detroit based aluminium storage company owned by Goldman Sachs. The NYT reported that Goldman shuffles the commodity around between storage units to skirt regulations meant to keep the commodity moving...
NH Aluminum Extrusion Company launches new website
Vitex Corporation, a New Hampshire based aluminum extrusion manufacturer has recently launched a new website and announced extensive facility improvements and optimizations for 2013. Two years ago in the midst of a crippling economic recession for businesses across the country, Franklin, NH based,...
Alcoa appoints new COO to manage aluminium smelters
US aluminium producer Alcoa has promoted global primary products (GPP) CFO Roy Harvey to COO for the company's business effective immediately, where he would focus on the day-to-day operations of Alcoa's 22 aluminium smelters and nine alumina refineries worldwide, as well as bauxite assets in...
Bonnell Aluminum obtains ISO/TS 16949 certification for automotive quality management
Bonnell Aluminum, a subsidiary of Tredegar Corporation, announced that it has achieved the International Organization for Standardization / Technical Specification (ISO/TS) 16949 certification for its Newnan, GA facility. Developed by the International Automotive Task Force (IATF) and the ISO...
June US aluminum shipments, inventories down year on year
US service centers shipped 121,900 mt of aluminum products in June, down 5.4% from June 2012, the Metals Service Center Institute said Wednesday. Aluminum shipments in the first six months of the year totaled 739,000 million mt, 6.8% below the same period last year, MSCI said in a statement....
Aleris shuts down Hammond plant
Twenty workers will lose their jobs when an aluminum maker shuts down its Hammond plant at the end of the month. Ohio-based Aleris International notified employees Monday they would be out of work in August, because it is closing its 34-year-old aluminum recycling facility at 6340 Indianapolis...
Alcoa earnings exceed estimates after aerospace orders increase
Alcoa Inc., the largest US aluminium producer, reported earnings that beat analysts’ estimates after a better-than-expected performance at its unit that supplies components to aerospace and power companies. Profit excluding expenses related to output cuts and a legal settlement were 7 cents a...
Joe Quinn Named Vice President of Public Affairs of the Aluminum Association
The Aluminum Association announced today the hiring of Joe Quinn as the Vice President of Public Affairs, effective July 15. Quinn will oversee the policy communications, advocacy strategies and media relations for the trade group. Prior to joining the Aluminum Association, Quinn served as Vice...
Aleris Aluminum Recycling to bring in 10-15 jobs to Elyria
Aleris Aluminum Recycling Elyria Operations announced that it will be streamlining aluminum operations by moving production from Hammond, Indiana to Elyria. Jason Saragian, director of communications, said that the move will bring 10 to 15 jobs to Elyria. Production will be stopped at the Indiana...
Alcoa Facing ‘Hard Decisions’ on Aluminum Plants
Bob Wilt’s first job at Alcoa Inc. (AA) was in 1999 at a plant in the Tennessee town named after the company. In 2012, as head of the aluminum producer’s U.S. smelters, he oversaw the plant’s demolition. As the new president of Alcoa’s global primary products business, the Gulf War veteran will now...
Postle Extrusion takes up $12.5 million expansion plan at Cassopolis plant
Postle Extrusion has taken up a $12.5 million expansion plan for Cassopolis plant. It was announced last week by Sen. John Proos, R-St. Joseph, that the parent company, Postle Aluminum, had received a $400,000 Community Development Block Grant from the Michigan Strategic Fund. Postle Aluminum CEO...
North American aluminum demand 2% up during Jan-Apr: Aluminum Association
US and Canadian aluminum demand, defined as shipments by domestic producers and imports, reached an estimated 8.175 billion pounds in the first four months of 2013, 2% above that of the same period last year, according to preliminary estimates released Tuesday by the Aluminum Association. Demand...
Alcoa breaks ground on $52 million aluminum plant in NY
Alcoa Inc. has broken ground on an expanded, more modern aluminum plant in northern New York. Gov. Andrew Cuomo said Monday that Alcoa will spend $42 million to prepare for modernization and added capacity at its plant in Massena, near the Canadian border. Cuomo says the company will provide...
