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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South Korea has bought a total of 3,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Tuesday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details are as follows: TONNES SUPPLIER PREMIUM(CIF/T)...
South Korea has bought a total of 3,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Wednesday, the state-run Public Procurement Service said on its website (www.g2b.go.kr). Details of the purchases are as follows: TONNES SUPPLIER...
South Korea has bought a total of 2,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange(LME) via tenders that closed on Tuesday, the state-run Public Procurement Service said on its website (www.g2b.co.kr). Details of the purchases are as follows: TONNES...
Tianjin Golden Wheel Bicycle Group Co.,Ltd self researched and developed aluminum alloy frame industrialization project received Tianjin Science and Technology Award recently. Also export hundreds of new aluminum alloy frame mountain bikes to Japan, Korea, Europe, America and many other countries...
General growth in Asia varies between the mature market of Japan, which has experienced years of flat growth and China which has been growing at 11% per annum. Whilst we predict that Japan's growth is likely to expand in 2012 with reconstruction after the earthquake and tsunami in March of 2011,...
South Korea’s Public Procurement Service, a state-run body that manages strategic commodities, purchased 3,000 metric tons of high-grade primary aluminum ingots of Indian origin in a tender, according to notices posted on its website. Of the total, the agency purchased 2,000 tons from LG...
UC Rusal has launched a magnetic hydrodynamic mixer at its Krasnoyarsk smelter’s casthouse to extend its alloy product range. The $2M magnetic hydrodynamic mixer will enable the Krasnoyarsk aluminium smelter (KrAZ) to produce 1000, 3000, 5000 and 8000 series alloys and to increase the production...
UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX: RUALR, RTS: RUALR), the world's largest aluminium producer, announces the development and launch of a unique magnetic hydrodynamic mixer which will enable the Krasnoyarsk aluminium smelter's cast house to extend its alloy product range. The cost of...
Novelis Korea has placed an order with Siemens VAI Metals Technologies for a tandem cold rolling mill. The plant will produce flat strip for the beverage can industry in Yeongju, South Korea and is due to start production in 2013. Siemens will supply all the electrical engineering and equipment,...
Novelis Korea Limited has placed an order with Siemens VAI Metals Technologies to equip its new aluminum cold rolling mill with automation and drive systems. The plant is a tandem mill which will produce high quality flat strip for the beverage can industry in Yeongju in Korea. The value of the...
Primary aluminium inventory registered to London Metal Exchange could increase in 2012 after the stock hit record 4.95 million tonnes now. Japanese trading firm sources see the stock would reach 5 million tonnes depending on world economy. A trading firm source sees aluminium suppliers keep selling...
Abu Dhabi: Investors who have signed up with Abu Dhabi's Khalifa Industrial Zone (Kizad) are together planning $5 billion in investments by 2015 to establish their industries in the zone, Khalid Salmeen, executive vice-president of Industrial Zones at Abu Dhabi Ports Company (ADPC), told reporters...
South Korea has bought a total of 4,000 tonnes of high-grade aluminium ingot via tenders, the state-run Public Procurement Service (PPS) said on its website (www.g2b.co.kr). Details of the purchases are as follows: TONNES SUPPLIER PREMIUM(CIF/T) ORIGIN 2,000 Glencore International AG $90 Western...
Atlanta-based Novelis Inc, part of the Aditya Birla group’s Hindalco Industries, Asia’s largest integrated aluminium and copper producer, has raised debt of $225 million (Rs 1,170 crore) to complete the purchase of its Korean subsidiary. It will pay $125 million (Rs 650 crore) cash to seal the...
South Korea issued tenders for 4,000 tonnes of high-grade primary aluminium ingot, the Public Procurement Service said. It said separately that it was seeking aluminium via tenders to close at 2 p.m. (0500 GMT) on December 14. South Korea last month purchased 3,000 tonnes of western aluminium ingot...
South Korea has bought 3,000 tonnes of high-grade primary aluminium ingot of Malaysian origin via tenders on Wednesday, state-run Public Procurement Service said. The purchase details are: 2,000tonnes bought from Sumitomo Corp at premium of $115 and 1000tonnes from LG International Corp at premium...
Siemens VAI Metals Technologies has received an order from Novelis Korea to extend its aluminium rolling mill in Ulsan. A three-stand finishing line will be added to the plant and the first strip will be rolled in July 2013. The project is aimed at boosting capacity and enabling future production...
Aluminum products and recycling firm Novelis Inc. has purchased nearly all of the outstanding shares in its Korean subsidiary for $350 million in cash. Novelis on Nov. 17 announced a deal with Taihan Electric Wire Co. Ltd. and other shareholders to buy 31.2 percent of the company, a move that would...
