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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Headquartered in South Korea, ILJIN, one of the leading manufacturers of automotive and industrial bearings and chassis components, is marking its foray into the aluminium forging market, enhancing its production capabilities. The announcement was made by Governor Kay Ivey, 54th governor of...
The US Department of Commerce has set a maximum anti-dumping margin of 3.13 per cent on aluminium extrusions imported from South Korea. According to the South Korean government, this decision is expected to have a limited direct impact on the automotive industry. On September 27, the U.S....
LS Cable & Systems, a South Korea-based industrial corporation with global operations and one of the biggest cable manufacturers worldwide, has announced the commencement of construction on two new factories in Querétaro, Mexico. These facilities will focus on producing bus ducts—a modern...
Korean scientists have developed a groundbreaking deep-learning alternative model to optimise aluminium frames in glass-glass bifacial photovoltaic panels (PVs). Addressing the escalating challenges posed by the growing size and weight of PV modules, the researchers highlighted a critical issue:...
South Korea's factory activity saw its most significant expansion in two years this May, driven by robust growth in both output and orders, fuelled by increasing global demand. According to the latest private-sector survey, the purchasing managers index (PMI) for the manufacturing sector in Asia's...
Korail unveils the KTX-Cheongryong, marking a watershed moment in the realm of high-speed trains. Boasting an astounding maximum speed of 320km/h, this marvel of engineering epitomises efficiency and speed, propelling South Korea's rail network into the future. Launching into service on May 1, the...
The preliminary ruling by the U.S. government on an anti-dumping investigation concerning imported aluminium products has sparked concerns within the Korean industry. In response to this development, the Korean Ministry of Trade, Industry, and Energy (MOTIE) convened a countermeasures meeting with...
Established by the visionary Hyunseog Oh, the Seoul-based studio Niceworkshop has mesmerised the world with its innovative exploration into the realm of aluminium formwork. Let's delve into the transformative journey that unfolds at Capsule Plaza during Milan Design Week 2024. Hyunseog Oh's journey...
HAIMK, a subsidiary of LS Materials, has commenced the construction of an aluminium parts plant dedicated to electric vehicles in Gumi, North Gyeongsang Province. As per LS Materials, the facility is set to initiate mass production of battery cases by the first quarter of next year, boasting an...
According to the US Census Bureau survey, the United States aluminium plates, sheets and bars imports in January 2024 jumped close to the previous year’s level, reaching 98,400 tonnes. Last year, the United States aluminium plates, sheets and bars imports were 99,400 tonnes. However, from February...
On Wednesday, April 3, Lotte Aluminium Co., Korea’s biggest comprehensive packaging material company under Lotte Group, announced that it would split into two entities – Lotte Infracell and Lotte Packaging Solutions. The company believes that this move will enable them to focus on respective areas...
The Hyundai Motor Company has announced its decision to cancel the Memorandum of Understanding (MoU) it had in place to procure aluminium from the new 1.1GW coal power plant-powered smelter in North Kalimantan, Indonesia. This plant is operated by Adaro Minerals, a subsidiary of Adaro, the...
In a recent survey, it was established that commodity trader Glencore made significant deliveries of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. These deliveries shed light on the challenges faced by Rusal, the world's largest aluminium...
On February 22, 2024, POSCO Future M Co., a leading supplier of battery materials, commenced construction on its fifth cathode materials plant in Gwangyang, South Korea. This move aims to establish the complex in South Jeolla Province as the largest manufacturing cluster for cathode materials...
Samsung has reportedly unveiled its entry-level health and fitness tracker Galaxy Fit 3 in the Philippines market. The product started being available in the market from February 3, 2024, featuring aluminium frame. The new fitness band comes in grey, silver, and pink gold colour options. Although...
South Korea acquired 3,000 tonnes of high-grade primary aluminium ingots of Malaysian origin through a tender process, as announced by the state-operated Public Procurement Service on February 14, 2024. As per the information available on the government procurement agency's website, the purchase...
The United States' aluminium plates, sheets and bars imports from January to November 2023 totalled 916,000 tonnes, experiencing a year-on-year fall of 33.14 per cent from 1.37 million tonnes, found the US Census Bureau data. In November, the United States imported 74,000 tonnes of aluminium...
According to China customs data, China’s aluminium wheels exports amounted to 72,600 tonnes in December 2023, reflecting a month-on-month fall of 6 per cent but a year-on-year hike of 9 per cent. The total export volume through the year, thus, stood at 934,000 tonnes, up by 58,500 tonnes from the...
