06 AUGUST 2017AlCircle.com
Week in Review: half yearly results make the headlines for downstream aluminium sector
Edited by : Heena Iqbal
2 min read
<p>The downstream aluminium sector last week is marked by a half yearly results, product announcement and market report on global aluminium casting. Hulamin Extrusions performed consistently despite further weakening of domestic market conditions. With this article, let’s revisit some of the news that you need to know from the downstream aluminium industry.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Hulamin.jpg" alt="news" width="850" height="300" /></p>
<p><strong>Hulamin delivers improved financial results for the half-year ended 30 June 2017</strong></p>
<p>Aluminium extruded product manufacturer Hulami’s rolled products volumes were up 8% to 221,000 tonnes annualised, as unit costs down 8%. The company increased its domestic beverage can packaging volumes by 133% despite a fall in overall manufacturing. The turnover increased by 3% to R5.1 billion.</p>
<p><strong>Aluminium products manufacturer Alcomet reports profit fall in H1 2017</strong></p>
<p>Aluminium products manufacturer Alcomet from Bulgaria announced its consolidated net profit dropped to 9 million levs ($5.4 million/4.6 million euro) in the first half of 2017.</p>
<p>The sales revenue increased to 177.2 million levs in the first half of 2017. The value of total products sales volume, however, rose to 157.8 million levs in the first half of 2017.</p>
<p>{googleAdsense}</p>
<p><strong>Constellium HSA6 high-strength aluminium alloys introduced for automotive components</strong></p>
<p>Constellium N.V. introduced a new generation of high-strength 6000-series alloys, Constellium HSA6TM, to help automakers meet growing demand for lighter weight vehicles. Constellium HSA6TM is in production for several 2017 and 2018 model year vehicles, including the MINI Countryman.</p>
<p><strong>Global aluminium casting market estimated to grow at a CAGR of 5.87% during 2017-2021</strong></p>
<p>The global aluminium casting market is slated to grow at a CAGR of 5.87% CAGR during the period 2017-2021, reveals data published in a recent report by Marketstudyreport.com. Automobile industry and OEM manufacturers will drive the demand for aluminium casting during the forecast period.</p>
Previous article
Bahrain’s aluminium wire export increased yoy in H1 2017; expected to boost further in the full year
Next articleGermany to import 4,94,807 tonnes of aluminium plates, sheets and strips in H2 2017
Grow with
AL Circle
