Downstream weekly recap: Hindalco Chairman receives the highest civilian honour of India, the Padma Award 2023; NICE Rapid launches new aluminium extrusion service for manufacturing industries

The most cutting-edge professional compression moulding and aluminium extrusion service for the industrial industries was launched by NICE Rapid. The procedure was identified as a tried-and-true way to reduce expenses and boost output. Uniformity Labs and Tekna expanded their collaboration for laser powder bed fusion (L-PBF) applications. By the terms of the agreement, Tekna will give Uniformity the aluminium-based alloy AlSi10Mg needed to make the sophisticated, ultra-dense AlSi10Mg powder used in additive manufacturing. The president of Lorin Industries Inc., the industry pioneer in aluminium coil anodizing, Park Kersman, was elected to the board of the Aluminum Anodizers Council. Park Kersman brings with him a wealth of knowledge in anodizing aluminium. The chairman of Hindalco Industries, the largest producer of aluminium in India, as well as the largest producer of flat-rolled products and recycler of aluminium worldwide, Kumar Mangalam Birla, was awarded the Padma Award 2023, India's highest civilian honour, for his outstanding work in the trade and industrial sectors.

NICE Rapid introduced the most advanced professional compression moulding and aluminium extrusion services for the manufacturing industries. The technique was identified as a proven method for cutting costs and increasing production rates.

To know more: https://www.alcircle.com/news/nice-rapid-launches-new-aluminium-extrusion-service-for-manufacturing-industries-92302

Uniformity Labs and Tekna extended their partnership to supply aluminium for laser powder bed fusion (L-PBF) applications. In this agreement, Tekna will provide the AlSi10Mg aluminium-based alloy to Uniformity to produce its advanced ultra-dense AlSi10Mg powder for the additive manufacturing process.

To know more: https://www.alcircle.com/news/tekna-extends-partnership-with-uniformity-labs-to-supply-aluminium-for-l-pbf-application-92315

Lorin Industries Inc., the world leader in aluminium coil anodizing, announced that its president Park Kersman was elected as a board member of the Aluminum Anodizers Council. Park Kersman brings with him a vast experience in aluminium anodizing; hence, he is expected to provide insights and guidance to support the other member companies of the council that produce anodized aluminium or use the material.

To know more: https://www.alcircle.com/news/lorin-industries-president-park-kersman-chosen-to-the-aluminum-anodizers-council-92357

India's biggest aluminium manufacturing company and the world's most significant flat-rolled products player and recycler of aluminium, Hindalco Industries' Chairman Kumar Mangalam Birla, has been awarded the highest civilian honour of India, the Padma Award 2023 for his commendable contribution to the field of trade and industry.

To know more: https://www.alcircle.com/news/hindalco-chairman-receives-the-highest-civilian-honour-of-india-the-padma-award-2023-92347

On Wednesday, March 22, shares of Jiangsu Dingsheng New Materials Joint-Stock increased by as much as 4.6 per cent after the Chinese producer of aluminium materials announced that it and two of its subsidiaries had signed new contracts with Contemporary Amperex Technology (CATL). Under the agreement, Dingsheng will be taking care of the aluminium foil requirements of CATL.

To know more: https://www.alcircle.com/news/dingsheng-signs-new-contract-with-catl-to-supply-aluminium-foils-for-electric-vehicle-batteries-92337

BMW North America decided to regulate more than 100 aluminium structural components for its patented cars “due to complexity of the repair and the requirement of highly specialised tools, training, and repair procedures,” as was cited in a bulletin published by the company on March 16.

To know more: https://www.alcircle.com/news/bmw-restricts-unskilled-production-of-patented-aluminium-structural-parts-92327

On Monday, March 20, Uno Minda Ltd announced that its board gave a go-ahead signal to raise its stake to 81.69 per cent in Kosei Minda Aluminium and 49.90 per cent in Kosei Minda Mould, expecting the move to help Uno Minda consolidate its 4W alloy business.  

To know more: https://www.alcircle.com/news/uno-minda-board-approves-81-69-stake-acquisition-in-kosei-minda-aluminium-to-bring-together-4w-alloy-business-92316

DR Axion, a supplementary board to Craftsman’s existing aluminium business, reported fast-paced revenue growth in current times attributed to Kia’s entry and diversification, eyeing the PHEV market in India. This caused Craftsman to opt for a 76 per cent stake in the business at INR 3.75 billion with consultations from IIFL Securities analysts.

To know more: https://www.alcircle.com/news/craftsman-automation-acquires-76-of-dr-axion-to-supply-indias-budding-phev-market-92345

Gulf Aluminium Rolling Mill (GARMCO), a counterpart of Bahrain Mumtalakat Holding Company, invested US$24.5 million to expand its development project for a technologically advanced production line for aluminium coils.

To know more: https://www.alcircle.com/news/garmco-invests-us24-5-million-for-expansion-projects-and-new-aluminium-coil-line-92333

Tesla is yet to receive another 9-ton (8.2 metric tonnes) press at its Giga factory in Austin, Texas. The press would help the automobile giant in formulating patented aluminium car components. This new press can be regarded as the largest among its contemporaries worldwide. This is the second press that is being delivered to Tesla after it acquired the first model in January 2023

To know more: https://www.alcircle.com/news/tesla-installs-second-press-to-create-intricate-aluminium-parts-at-its-austin-factory-92348