AMAG Austria Metall AG, the largest company in the Austrian Aluminium sector, has claimed an affirmative third quarter, with a Y-o-Y growth of 47 per cent, the first time in the company's history, generating an operational result (EBITDA) of almost EUR 200 million. The American producer of semi-fabricated speciality aluminium products, Kaiser Aluminum reports an annual marginal dip in net sales for 3Q2022 but grows in nine-month by 50% to $2.7 billion. AlCircle has recently published its exclusive industry report on the "Future of the Global Aluminium Castings Industry", which is now available on our website. Make your visit and find out more about the emerging sector.
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Swedish Company ProfilGruppen AB's Nomination Committee has selected Mats Johansson as the Board's new Chairman. The decision was finalised in the Extraordinary General Meeting held on October 31, 2022.
To know more: https://www.alcircle.com/news/profilgruppen-welcomes-mats-johansson-as-new-chairman-of-the-board-85961
On a journey to reach the Company’s Twentyby30 goals, Crown Holdings, Inc. is celebrating individual units in its network worldwide for showing extraordinary innovation and leadership in sustainability.
Hindalco Industries’ aluminium products prices suffered a loss of INR 6,000 per tonne on October 22, the same amount as they grew by the previous day. Therefore, the company’s aluminium billets price came in at INR 219,600 per tonne on Saturday, October 22, versus INR 225,600 per tonne on Friday, October 21.
Kaiser Aluminum Corporation, an American producer of semi-fabricated speciality aluminium products, published its quarterly and consolidated nine-month results of 2022 last week, wherein it reported net sales for Q3 at $749 million compared to $954 million in Q2 and $751 million in Q3 2021. That reflected a quarterly downfall of 21.5 per cent and annually 0.27 per cent. But the total net sales in nine months of the year grew Y-o-Y from $1.8 billion to $2.7 billion, backed by a 21 per cent rise in shipments from 789 million lbs. to 952 million lbs.
AMAG Austria Metall AG, the biggest company in the Austrian Aluminium industry sector, announced a positive third quarter, with sales and profitability showing significant Y-o-Y growth. In the company's history, this was the first time an operational result (EBITDA) of over EUR 200 million was produced.
Vedanta Limited hiked its aluminium wire rod and billet prices, effective from Thursday, October 27, following a slash of INR 6,000 per tonne on October 22. The company’s aluminium wire rod price witnessed a gain of INR 9,500 per tonne on October 27 to come in at INR 224,750-232,250 per tonne versus INR 215,250- 222,750 per tonne last week.
To know more: https://www.alcircle.com/news/vedantas-aluminium-wire-rod-billet-prices-accumulate-inr9500-t-on-october-27-85958
Researchers from the Sheffield Titanium Alloy Research (STAR) group joined hands with ECKART GmbH, Schluechtern, Germany, to convert surplus aluminium alloy powders from atomisation into sheet material in two solid-state steps for aerospace use. The STAR group is part of the University of Sheffield. The project was led by Dr Simon Graham, a research associate at Sheffield University.
Symetal and BOBST are breaking boundaries in the aluminium foil coating and rolling sector with the MASTER CO 5000 coating machine, which was installed during the first quarter of 2022 in the former's production facility in Mandra, Greece.
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