Aluminium extrusion 2035 demand nears 44.22Mt: Industry experts decode next decade drivers
Global aluminium extrusion demand is entering a phase with consumption projected to rise from 35.25 million tonnes in 2025 to 35.93 million tonnes in 2026 and 44.22 million tonnes by 2035, representing a 2.29 per cent CAGR. While building and construction will remain the largest end-use sector and...
Aluminium extrusion usage in building and construction to grow 1.24% CAGR through 2035, with Americas at 1.15%, Europe at 1.30% & MEA at 2.47%
What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
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Novelis completes $106 million investment in Brazil
Novelis, the world leader in aluminum rolling and recycling, today announced the commissioning of a new coating line for beverage can end stock and an expanded recycling center at its Pindamonhangaba (SP), Brazil complex. The company invested approximately $106 million in the combined projects that...
Global Bauxite and Alumina market review 2014
Research and Marke has announced the addition of the "Bauxite and Alumina Market Review" report to their offering. The report presents a thorough study of bauxite and alumina, covering both global and regional markets and aims to give a proper picture of the market, as well as its trends,...
Novelis reports first quarter of fiscal year 2015 results
Solid Operating Performance in Q1 Begins Year on a Strong Note - Q1 Net Income Increased 150% versus Prior Year to $35 Million - Q1 Adjusted EBITDA Increased 15% versus Prior Year to $235 Million - Q1 Sales Increased 12% versus Prior Year to $2.7 Billion - Q1 Shipments Increased 9% versus Prior...
Maxion to open new aluminum wheel manufacturing facility in Limeira, Brazil
Maxion Wheels, a producer of wheels for passenger cars, light trucks, commercial trucks and trailers, has announced that it will open a new light vehicle aluminum wheel manufacturing facility in Limeira, Brazil. The new facility will join an existing steel wheel plant on the same site and create...
Norsk Hydro(Sapa) announces results for the second quarter 2014
Underlying EBIT for Sapa improved compared to the first quarter, partly influenced by seasonally stronger sales volumes. Sapa’s restructuring agenda is progressing according to plan and reported EBIT is affected by related restructuring charges. Key Figures - Sapa (50%) Second quarter 2014 First...
GM to manufacture aluminium engines in Argentina for local and export markets
The announcement was made at a government event by GM president Dan Ammann and president of GM South America Jaime Ardila with Argentine Chief of Staff Jorge Capitanich and Industry Minister Debora Giorgi in attendance. Argentina will be responsible for manufacturing a new Euro 6-certified aluminum...
Novelis estimates World Cup fans in Brazil will push sales of aluminum beverage cans past two billion mark
Novelis, the world leader in aluminum rolling and recycling, estimated today that thirsty soccer fans in Brazil will push sales of aluminum beverage cans past the two billion mark over the four weeks of the 2014 FIFA World Cup, representing a 35 percent increase over the same period last year. This...
General Motors announces $240 Million expansion project in Argentina
General Motors has announced a $240 million investment to build a new engine plant in the Argentina in addition to its recent investment of $450 million for the production of a new global model in the region. To date, GM has invested $740 million in Argentina. The announcement was made at a...
Tecnoglass acquires assets of RC Aluminum Industries
Tecnoglass, Inc. ( TGLS ) announced that it has acquired selected assets of RC Aluminum Industries, Inc. Terms of the transaction were not disclosed. Tecnoglass stated that among the assets acquired are approximately $70 million in RC Aluminum backlog for high-rise projects in south Florida, all of...
GM to invest $740 mn in new Argentina factory
General Motors will invest $740 million in Argentina through 2016 on its first South American factory turning out aluminum motors, Buenos Aires announced Monday. The announcement comes as the Argentine auto industry saw a more than 20 percent drop in production in the first quarter compared to the...
Hydro aluminium trafo strip within a week
Being in the business for 30 years, Hydro holds the leading market position and is the most experienced partner for all big producers of electric transformers across Europe, increasing shipments to manufacturers overseas, notably in the Middle East, South America and Australia. The top product is...
Alcoa evaluating its Suriname bauxite operations
ALUMINIUM producer Alcoa says it is reviewing options for its Suriname bauxite subsidiary two days after the country's leader said the multinational was preparing to slash local operations. In a Thursday email, company spokeswoman Monica Orbe said Alcoa is working with the South American nation "to...
Alcoa to go for production cut, layoffs in the bauxite sector of Suriname
Desi Bouterse, the President of Suriname says Aluminum Company of America, (ALCOA) has plans of cutting down their production at Suralco that would result in lay off 1,000 workers which includes 800 contractors. Bouterse told Parliament that the issue is of "a national matter of concern for which a...
Latasa to invest $ 30 million in a recycling plant in northern Paraná, Brazil
The CEO of Latasa Recycling, Mario Fernandez, signed a memorandum of understanding with the state government for setting up an industrial plant of the company in Centennial South, northern Paraná. The company, Brazil's leading aluminum recycling, promises to invest £ 30 million in the recycling...
Novelis reports fiscal year 2014 results
Highlights: - Q4 Net Income, Excluding Certain Items, of $75 million - Q4 Adjusted EBITDA of $250 million - Liquidity in Excess of $1 Billion Novelis, the world leader in aluminum rolling and recycling, today reported net income attributable to its common shareholder of $54 million for the fourth...
Outotec to deliver a filtration plant for Alunorte's alumina refinery in Brazil
Outotec has agreed with Alumina do Norte do Brasil S.A. (Alunorte) on the delivery of a complete filtration plant for Alunorte's new red mud dry storage process at their alumina refinery in Brazil. Approximately EUR 50 million will be booked into Outotec's 2014 second quarter order intake....
Can maker Rexam reveals first quarter results in line with expectations
Rexam Plc, the world's second largest beverage can maker in terms of revenue, said overall results in the first-quarter were in line with its expectations. The company, which makes aluminium cans for Coca-Cola, Red Bull, Carlsberg beer and Heineken, said it was feeling the effects of a strong...
Brazil’s aluminium premiums fall on weak demand
Brazilian aluminium premiums have posted a modest decrease over the past week, as sellers attempted to find buyers to its metal supplies amid concerns with a persistent slowdown of the country’s economy. Brazil's average premiums for the aluminium ingot P1020A (taking 100 tonnes as reference) in...
