Week in Review: A brief overview from the downstream aluminium industry

From the past week the downstream aluminium industry has seen many investments, new agreements and announcement of quarterly reports by some of the companies in the downstream industry. Let’s explore the top stories covering the downstream products vertical for the week that went by:

RUSAL invests USD7.6 million in casting alloys quality improvements

UC RUSAL announced the completion of the modernization of Befesa-2 line for standard alloyed ingots production at the Irkutsk Aluminium Smelter (IrkAZ).

Magna inaugurates new high-pressure aluminium casting facility in Alabama

Magna is expanding operations to add aluminium casting capabilities at its Kamtek facility in Birmingham, Alabama.  The $60 million facility will initially manufacture lightweight aluminium front shock towers for a major global automaker.

Moldex3D introduces Constellium aluminium materials Alumold to material database

CoreTech System Co., Ltd. (Moldex3D) announced the addition of Alumold to its mold material database. Moldex3D material database now offers:  Alumold 500 ROLLED, Alumold 500 FORGED, Alumold 400 and Alumold 350.

MWheels signs new agreement with Wheels India for supply of forged aluminium wheels

MWheels signed a new five-year exclusive European distribution agreement with the manufacturing giant Wheels India for Xlite and Xbrite forged aluminium wheels.

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Aluminium anodising company opens sixth production line in Germany

COIL is expanding anodised aluminium production capacity, and has inaugurated a new advanced line at its Bernburg site in Germany. Line 6 will have an annual production capacity of 15,000 tonnes.

Hind Aluminium’s standalone net profit falls 26.10% for quarter June 2017

Hind Aluminium Industries reported 26.10 per cent decline in its standalone net profit to INR 2.52 crore and sales fell 11.78 per cent to INR 141.55 crore for the first quarter ended on 30th June, 2017.