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 Australian supplier of high purity aluminium products, Alpha HPA, wishes to make at least 10,000 tonnes of HPA each year and additional high purity components utilising its HPA refining technology and solvent extraction procedure. Though Alpha is working towards three orders in Brisbane...
The United States exported 10,100 tonnes of aluminium scrap to South Korea in the first quarter of 2022 (1Q2022), which on a Y-o-Y calculation nosedived by 54,900 tonnes or 84.46 per cent from 65,000 tonnes in 1Q2021. On a Q-o-Q comparison, a major decline of 81,400 tonnes or 88.96 per cent was...
Neo-Primitive, a unique aluminium chair fabricated by Lee Sisan in collaboration with RIMOWA, will be displayed at the 'As Seen by' exhibition in South Korea. This elegant piece of furniture is made from cast aluminium branches and grooved aluminium sheets, which are also used in RIMOWA baggage....
Previously this month, DongShin Motech Ltd, a South-Korean vehicular component provider, signed a letter of intent with the Windsor-Essex authorities declaring an investment of $60 million (expandable to $90 million) for the construction of a 170,000 square-feet battery casing factory that will...
The Atlanta, Georgia headquartered American industrial aluminium company Novelis Inc. on 16th May 2022 released its first Green Bond report. Novelis Inc., the leading sustainable aluminium solutions provider and world leader in rolled aluminium products issued a 500 million EUR (approximately $588...
Reynaers Aluminium, one of the world's leading building solutions firms, makes its first foray into the South Korean market through Energy X, a sustainable architectural marketplace platform. The firm offers a wide range of building goods and is ranked among the top one to three in the globe....
Novelis, one of the world’s largest recyclers of aluminium and a global pioneer in the development of new aluminium goods and solutions, has recycled a total of 133.3 billion aluminium cans since its inception in 2012. On Monday, March 21, Novelis announced its record-breaking news of recycling a...
The economy of South Korea is comprised of a mixed economic system that incorporates a variety of private freedom, blended with centralized economic planning and government regulation. Following the decades of robust economic development and global integration, South Korea has become a...
According to a recent report, Novelis Korea Limited, subsidiary plant of Novelis in Yeongju, has secured the ASI Chain of Custody Standard certification for manufacturing aluminum and aluminum coil and sheet, which includes the processes of recycling and remelting. The plant, which has an annual...
On 21 st February 2022, the world leader in aluminium rolling and recycling, Novelis Inc. publicized that it will invest approximately $50 million towards establishing a recycling center at its Ulsan Aluminum joint venture in South Korea. The project is fully financially backed up by Novelis, the...
In November 2021, the United States exported 32,600 tonnes of aluminium scrap to the Republic of Korea, which was an increase of 4,200 tonnes or 14.79 per cent month-on-month, found the US Census Bureau data. In October 2021, the United States’ aluminium scrap exports to South Korea were 28,400...
The Aluminium Stewardship Initiative has certified Ulsan Aluminum against the Performance Standard Certification for casting, hot/cold rolling, and finishing operations in its South Korea plant. The news came after the ASI announced that it successfully certified Ulsan Aluminum Limited on Friday,...
On Wednesday, December 8, South Korea’s antitrust regulator said a decision is taken to impose a combined 20.7 billion won ($17.6 million) in fines on eight aluminium alloy makers for plotting to fix bidding prices. Altechno Metal, specialised in producing aluminium ingot, rolling and drawing,...
South Korea stands with an economic freedom score of 74.0, making the economy the 24th freest in the 2021 Index. However, its overall score remains unaltered, with an improvement in the government spending score offset by declines in investment and financial freedom. The economy pursues to maintain...
As per the US Geological Survey (USGS), the United States exported 25,000 tonnes US aluminium scrap to South Korea in September 2021, showing a month-on-month decrease of 200 tonnes or by 0.79 percent. In August 2021, 25,200 tonnes of US aluminium scrap was exported to South Korea, flaunting an...
As per the data recently shown by China customs, the country’s aluminium wheel exports in October 2021 recorded a decrease of 25.79 per cent month-on-month to 65,400 tonnes. On a year-on-year calculation, the exports stood 21.28 per cent lower, contributed primarily by Hebei and Guangdong as they...
Stranded aluminium wiring is considered safe, while it has been performing as intended for decades. The wires need a special joint compound that is electrically conductive and prevents rust. However, the stranded aluminium wire does offer better control of skin effect than stranded copper due to...
The economy of South Korea has a mixed economic system that constitutes a variety of private freedom, blended with centralized economic planning and government regulation. Innovation and technology are the vital constituents that have braced South Korean export competitiveness and propelled the...
