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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The Madras High Court has asked the Government of India not to issue any notification against the Korean auto major Hyundai in a case related to anti-dumping duty. The order, which was passed on February 27, 2015, on a petition filed by Hyundai, which sought the Court to terminate the investigation...
South Korea's state commodity buyer has paid a lower premium for aluminium in its latest tender, signalling a turning point for costs to obtain the metal in Asia as regional supply climbs. The drop in premiums is likely to boost headwinds for aluminium producers, who receive the delivery surcharge...
According to an announcement by Public Procurement Service (PPS) of South Korea last week, it has granted a tender to buy 3,000 tonnes of primary aluminium at a premium of $383 per tonne. It was Prowell Resources Corp who was awarded the tender to supply London Metal Exchange-registered brand of...
South Korea’s stockpiling agency, Public Procurement Service (PPS), will buy 2,000 tonnes of aluminium through two separate tenders that closed on Wednesday January 21. The tenders were awarded to LG International Corp for a premium of $375 per tonne, PPS said. "One tender is for good western...
Announced ahead of the 2015 International CES, the new ATIV Book 9 combines a dazzling 12.2-inch display and an all-aluminium body construction with a 10-hour battery life. Samsung said in the lead up to this year's Consumer Electronics Show that tech journalists and consumers shouldn't expect any...
When Korea Aluminium Installed Nordson Extrusion Dies Industries EPC™ Die on an Existing Coating Line, Thickness Tolerances Were Narrowed by 50 to 60% An advanced extrusion coating die designed to reduce edge bead has enabled one leading producer of aluminum foil and foil-laminate flexible...
With an expected announcement in the first quarter of 2015, the Samsung Galaxy S6, according to the latest leaks, has gone through a complete overhaul as far as the design is concerned. The latest leaks shows the assembled version of the upcoming Galaxy flagship with a vivid, colored, plastic front...
The Madras high court has declined to terminate the investigation against car major Hyundai Motors India Ltd in connection with imposition of anti-dumping duty on import of cast aluminium alloy wheels from China, Korea and Thailand. Justice V. Ramasubramanian dismissed four petitions from Hyundai...
Japan, where 97% of beverage can are collected to be recycled and reused, is seeing a surge in the scrap aluminium prices which are the highest it has been since 2008. This surge is likely to be due to the rising car sales in China and U.S. boost demand. Aluminium-can scrap prices traded in...
According to a SEOUL Scrap Monster report Public Procurement Service (PPS) of South Korea, the state-run agency has bought 5,000 tonnes of aluminum in last week via a number of tenders from traders. It is indicated that PPS has bought 1,000 tonnes of aluminum from the aluminium trader Glencore. The...
AAR’s Nordisk Aviation Products announced today it has started delivery of 400 Nordisk AluLite AKE air cargo containers to Korean Air. The Nordisk AluLite AKE weighs 65 kg and is the lightest-weight full-aluminium airfreight LD3 container in the industry. “Korean Air continues to favour aluminium...
Weaker demand of aluminium in China and overcapacity in can market will make Novelis look for new markets outside Asia for aluminium sheet that are produced at the new rolling mills in South Korea, said Phil Martens, the Chief Executive officer. The challenging conditions in China have forced...
Namsun Aluminum shares gained nearly 4 percent Friday after news the company turned around with positive results in the first quarter. The share price closed up 3.92 percent to 848 won. The company announced its first-quarter operating profit reached 4.41 billion won against an operating loss of...
In February, Siemens received the final acceptance certificate for the extension of an aluminum hot strip mill of Novelis Korea Ltd. in Ulsan. The first coil had been rolled in the third quarter of 2013 within two years from the date of contract effectiveness. The existing twin-coiling...
The aluminium smelters in New Zealand have again decided to let its finances flow after months of tough cutbacks. A project worth $8 million capital has replaced reduction lines standby transformer and is carried out at Tiwai Pt. Plant. The NZAS has employed the Southland firms for carrying out the...
Emerging-market stocks fell for a second day and currencies weakened as Sinopec Shanghai (338) Petrochemical Co. led a drop for material companies while tensions in Ukraine escalated. Sinopec Shanghai tumbled the most in two weeks in Hong Kong after saying it expects a loss in the first quarter....
Aluminum buyers in Japan, Asia’s largest importer, are set to agree on a record fee next quarter as global producers reduce output and rates in the United States and Europe surge, said three executives who will start price negotiations next week. The surcharge for the three months starting in April...
The Saudi Mining Company (Ma’aden) today announced that it has concluded several contracts to supply Asian customers with over 300 KMT of primary aluminum throughout 2014, complementing the 50 KMT in supply agreements made with local and Turkey customers. “Today we announce that Ma’aden has arrived...
