Aluminium extrusion usage in building and construction to grow 1.24% CAGR through 2035, with Americas at 1.15%, Europe at 1.30% & MEA at 2.47%
What does the building and construction market mean for aluminium extrusion industry? The answer may depend less on how much the world builds and more on where it builds and what those buildings require. As construction activity picks up across regions, aluminium extrusion is set to follow - but...
Korea’s 483kt of Russian aluminium imports hit record high as sanctions risks deepen
South Korea’s Russian aluminium imports reached a record high in 2025, making Russia the country’s largest aluminium supplier for the first time. The sharp increase has strengthened Korea’s dependence on Russian metal even as the US and Europe tighten sanctions against Moscow. The exposure is...
Grow with
AL Circle
RHB Research maintains Buy on Press Metal
RHB Research has maintained its Buy call on Press Metal with a fair value of RM4.11, it said on Monday. RHB Researh said while both the group’s smelters are now in full production mode, it expects the group earnings to surge 87.7%/29% in FY14/FY15. It said aluminium prices jumped 10.5% in the last...
Aluminum shipments by Japan may reach 4-year high on weak Yen
Shipments of rolled-aluminum products by Japanese fabricators to domestic and overseas markets may increase to the highest level in four years as a weaker yen boosts exports, an industry group said. Shipments for the year beginning April 1 are expected to climb to 2 million metric tons, the largest...
Antam seeks $250m to fund ferronickel plant expansion
State-owned miner PT Aneka Tambang (Antam) is mulling over plans to obtain up to US$250 million in fresh funds this year to finance its Pomalaa ferronickel plant expansion in Southeast Sulawesi, which is expected to boost the company’s nickel output by nearly 40 percent. The $573 million expansion...
Press Metal gears up to full production after last year's power outage
Press Metal Bhd’s Mukah aluminium smelter will return to full production by April, almost nine months after it suffered catastrophic damage during the six-hour statewide power outage in mid last year. Group chief executive officer Datuk Koon Poh Keong (pic) said the plant was in total shut-down for...
Press Metal may start expanding its smelting operations in Sarawak
Press Metal Berhad may consider expansion of smelting operations if the plan of the state government for constructing more hydroelectricity dams finally takes place. Datuk Paul Koon Poh Keong, chief executive officer said the media the reason behind this is the industry was a heavy consumer of...
Aluminium smelting plant Press Metal refutes pollution claims
The chief executive of an aluminium smelting plant here has refuted claims that his factory is a major polluter. Press Metal Bhd chief executive officer Datuk Koon Poh Keong told a press conference all doubters were “welcome” to visit the smeltery, which he insisted was environmentally responsible....
Shandong Nanshan Aluminium reports a gain of 8.66% YoY in 2013
Shandong Nanshan Aluminium Co. reported an 8.66% YOY gain in their net profit in the year 2013 and also cited increasing competition from South America and South East Asia with global economy staying weak. The company made a total profit of 793.63 mn yuan ($128.74 mn) in 2013 or 0.41 yuan per...
Press Metal chairman sells 430,000 company shares
Chairman of Press Metal Bhd Datuk Megat Abdul Rahman Megat Ahmad has sold a major part of his stake in the company. He sold 430,000 direct and indirect shares, at a price between RM2.28 and RM2.30 each, from 4th to 13th March. Press Metal Bhd owns aluminium smelting plants in Mukah and Samalaju...
Malaysian aluminium can maker gets offer from new suitor Toyota Tsusho
Japan's Toyota Tsusho Corp has made an offer to purchase 51 percent of Malaysia's Kian Joo Can Factory Bhd, bidding more on a per share basis than a rival Malaysian firm and sending Kian Joo's stock soaring. The trading arm of the Toyota Group is offering 3.74 ringgit per share for the stake in the...
Inalum to make aerospace, electronics components
State-owned PT Indonesia Asahan Aluminium (Inalum) will diversify its product range by producing aluminum alloys and baked carbon anodes to supply the aerospace and electronics industries. Sahala Sijabat, the president director of Inalum, which only a few months ago was taken over by the...
Sri Lanka’s Alumex IPO worth Rs.853 million oversubscribed
The aluminium extrusions maker in SriLanka, Alumex’s initial public offer of 853 million rupees was oversubscribed within few hours of its opening. According to NDB Investment Bank, the validity of the offer would last till 4:30 pm, the next day. A sum of 17.85 mn shares was offered by the firm to...
Automotive technology roadmap to guide EEV development
HIGH technological capability is predominant to realise the nation’s aspiration to develop the country as the hub for energy-efficient vehicle (EEV) manufacturing. Malaysia now possesses the fundamental technologies to support the development of the EEV industry, acquired from the nation’s...
Inalum shares electricity supply to handle power crisis
PT Indonesia Asahan Aluminium (Inalum), the aluminium producer announced that it had supplied 105 MW of electricity in North Sumatra in order to resolve the province’s recurring power outages. Sahala Sijabat, the president director of Inalum said the supply of electric power was a free contribution...
Inalum to build new smelter, boost output
In a bid to double its production capacity by 2019, state-owned aluminium maker PT Indonesia Asahan Aluminium (Inalum) is planning to build a new smelter in the first half of this year, with estimated investment to reach US$1 billion. Inalum development director Winardi Sunoto said on Thursday that...
Rusal signs MoU with Arbaya Energi to develop an alumina smelter in Indonesia
United Co. Rusal PLC signed a MoU with PT Arbaya Energi to develop an alumina smelter in West Kalimantan province of Indonesia The two companies will "work together to develop the appropriate resources and infrastructure investment," Rusal said in a statement. Rusal didn’t talk about its...
Aluminium packaging manufacturer aims for better performance in current financial year
Bright Packaging Industry Bhd, an aluminium foil packaging materials manufacturer, aims to record a better performance in its current financial year ending August 31, 2014 as compared to the previous year. Executive Chairman Nik Mustapha Muhamad said the target would be well-supported by the...
Bauxite and Alumina Market in the World to witness 2.8% CAGR Through 2017
In 2012, the worldwide bauxite production reached 263,000 tonnes, registering a 1.3% YoY increase. In the same year, the overall alumina supply volume stood at more than 92,000 tonnes, recording just a 0.7% YoY increase. Australia, China, Brazil, Indonesia and India were the top five bauxite...
Calderys acquires Termorak in Finland
Calderys, a world leader in Refractory Solutions and a subsidiary of Imerys, announces that it acquired Termorak Group, a company specialized in Refractory Services (including lining design, refractory material sourcing, as well as installation work and inspections). With € 17.2 million revenue in...
