What happens when an automaker starts building a business beyond cars? For Hyundai Motor Co., robotics is becoming a key part of that shift, with the company moving from using robots in its factories to developing, manufacturing and deploying them at scale. Hyundai is laying the groundwork to...
The overseas primary aluminium spot market remained subdued this week. Although limited restocking briefly improved trading activity in South Korea at the beginning of the week, the recovery was not sustained, and transactions weakened again from midweek. Elsewhere in Asia, the traditional...
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Hindalco is exporting more than 80 per cent of the total output to minimise inventory build-up and to absorb plant fixed costs. Countries like Korea, the USA, Malaysia, Brazil, and Japan are leading importers of these products. The demand from the domestic market is down due to the Covid-19...
Rusal, a leading global aluminium producer, has announced the beginning of a new foundry complex, having a production capacity of 120 thousand tonnes of alloys per year, at the Boguchansky aluminium smelter. The new foundry will produce high silicon aluminium alloy with increased strength, which is...
South Korea's imports of aluminium scrap from the US stood at 23,700 tonnes in February, with a month-on-month increase of 6.28%. South Korea had imported 22,300 tonnes in January 2020. On a yearly basis, imports increased by 0.42% from 23,600 tonnes in February 2019, as updated by the US Census...
ACHENBACH BUSCHHÜTTEN, specialist and world market leader for aluminium foil rolling mills and foil slitting machines, was ordered by LOTTE ALUMINIUM, subsidiary of the multinational LOTTE group which is the fifth-largest company in South Korea, to establish a new Greenfield production plant in...
According to the latest US Geological Survey data, the United States in February 2020 exported 236,000 tonnes of aluminium (including scrap), marking a rise of 2.16 per cent from 231,000 tonnes in January. This brought the United States total aluminium exports in the first two months of 2020 to...
The US exports of aluminium scrap stood at 140,000 tonnes in December 2019, according to the latest report from the US Geological Survey. Exports dropped by 7.28% from November’s export of 151,000 tonnes and 10.83% from October’s export of 157,000 tonnes. The US exports of aluminium scrap have been...
Samsung, the South Korean electronics giant will be rolling out for sale its premium Galaxy Chromebook in the US from 6 th April’20. The Samsung laptop is priced at $999 and customers in the US can purchase the Galaxy Chromebook from the company’s official store or Best Buy sites. Samsung Galaxy...
Aluminium Stewardship Initiative announced on Thursday, March 12, that it certified Lotte Aluminium Co. Ltd. with Performance Standard Certification for rolling facility in Ansan, South Korea. The facility’s operations include rolling, sepa-slitting and annealing for the production of aluminium...
India has announced its final anti-dumping determination on imports of aluminium and zinc coated flat products from Vietnam, Korea and China, according to Shanghai Metals Market report. The Commerce Department of India has assigned a final dumping rate of $128.93 per tonne to Chinese exporters. It...
On 25 th February’20, Lotte Aluminium, the largest comprehensive aluminium packaging material company of South Korea, made public that it will invest aluminium anode foils production plant for secondary batteries in Hungary. Lotte Aluminium plans to invest KRW 110 billion in an industrial complex...
The American export of aluminium scrap to South Korea has remained steady with a total volume of 134,000 tonnes in six months from May-Oct’19. The total export to South Korea in nine months from Jan-Oct’19 was recorded at 227,000 tonnes, with 14.64% growth and in volume by 29000 tonnes from the...
Indian Railways braced for world-class aluminium coaches. Piyush Goyal, Minister of Railways and Commerce, India, led the occasion to award a Transfer of Technology (ToT) contract to a Korean company for the development of potentialities for production to the commissioning of aluminium-bodied...
A car which is designed solely for the European market is surprisingly put on sale in its country of origin due to public demand and that says a lot about its appeal. The KIA Stonic 1.0 T-GDI in its first instance was designed for buyers in the west but when it went on show in South Korea where the...
According to the United States Geological Survey, the aluminium scrap exports from the United States to South Korea in September 2019 remained flat at 23,600 tonnes, as compared to 23,200 tonnes in August. In July, the United States had exported 19,600 tonnes of aluminium scrap to South Korea,...
According to the United States Geological Survey, Japan’s aluminium plates, sheets and bars exports to the US recorded a decline in August by about 5.41 per cent to 4,890 tonnes, followed after three consecutive months of growth. In July, Japan’s export volume of aluminium plates, sheets and bars...
South Korea's imports of aluminium including scrap from the US stood at 24,900 tonnes in August 2019, an increase of 15.81% from 21,500 tonnes in July. Imports dropped by 0.4% from June’s imports of 25,000 tonnes, but up 9.21% from May’s imports of 22,800 tonnes. Total aluminium imports from the US...
After discussions with automakers, including the firms in Japan, the United States may not levy tariffs later this month on imported automobiles from the European Union and elsewhere, said Commerce Secretary Wilbur Ross. “We’ve had very good conversations with our European friends, with our...
Shinhwa Group, an automotive parts manufacturer in South Korea, announced it will make a new $42 million investment in manufacturing operations in Auburn, Alabama. The company will initially manufacture drive shafts for vehicles made by Hyundai Motor Manufacturing Alabama in Montgomery and Kia...
