Novelis, world leader in aluminum rolling and recycling, has announced its plan to expand its Brazil rolling operations by investing $300 million in Pindamonhangaba. The said action is in response to the growing demand of Aluminum products in South America. Phil Martens, President and Chief Operating Officer, Novelis Inc. is quoted saying: “We are experiencing [...]
Read the full article: "Novelis Invests $300 M to Expand Brazil..."
Wednesday, May 26, 2010
China’s premier Wen Jiabao delivered a big speech on Wednesday urging all levels of government to work with an ‘iron hand’ to improve energy efficiency. Click here to access the entire Editorial
Read the full article: "Financial Times reported on China Making..."
Wednesday, May 26, 2010
Norsk Hydro (NHY.OL), aluminum producer, is building the largest aluminum recycling plant at Karmoy, Norway with an initial capacity of 35,000 tonnes. Norsk Hydro is quoted saying: “The planned new plant at Karmoy will recycle dross and scrap from all of Hydro’s aluminium plants in Norway, as well as from external sources in Scandinavia and [...]
Read the full article: "Norsk Hydro Build Norway’s Largest..."
Tuesday, May 25, 2010
Aluminum can makers in Japan expect a fast moving shipment in the coming weeks due to high consumption of beer and softdrinks on the soccer World Cup. Japan’s top aluminum can maker, Daiwa Can Company is quoted saying: “We expect can shipments to get a boost from the event as the more people go travelling, [...]
Read the full article: "Japan Aluminum High Demand Seen by World Cup"
Monday, May 24, 2010
Fluor Corporation (NEW): NYSE:FLR has announced that the company has been chosen by Santos for the engineering, procurement and construction (EPC) work on the upstream facilities component of the Gladstone Liquefied Natural Gas (GLNG) project. Peter Oosterveer, president of Fluor’s Energy & Chemicals Group is quoted saying: “Fluor is honored to be chosen to continue [...]
Read the full article: "Fluor Chosen to Work for Santos GLNG Project"
Friday, May 21, 2010
Noranda Aluminum Holding Corp. (NOR) has closed its previously announced underwritten initial public offering of 11.5 million shares at $8.00 per share on Wednesday. Joint book-running managers of the offering includes BofA Merrill Lynch, Morgan Stanley & Co. Incorporated, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and UBS Securities LLC. Click here to [...]
Read the full article: "Noranda Announces Completion of Initial..."
Thursday, May 20, 2010
Novelis’ subsidiary Novelis do Brasil has signed an agreement with Rexam PLC (OTC: REXMY), worlds largest manufacturer of aluminum beverage cans. Alexandre Almeida, Senior Vice President of Novelis Inc. and President, Novelis South America is quoted saying: “This agreement demonstrates Novelis’ potential to serve the demand for aluminum sheet from the Brazilian can market and [...]
Read the full article: "Novelis and Rexam Agreement on Aluminum Can..."
Wednesday, May 19, 2010
U.S. aluminium producer Alcoa Inc. (AA.N) has struck a 95 million euro ($118 million) investment deal with Italian trade unions. The deal is for the unions to support Alcoa’s two Italian plants. Managers of Alcoa’s Italian unit were quoted saying: “The company confirms its will to remain in Italy with two production sites.” Click here [...]
Read the full article: "Alcoa and Italian Trade Unions Agree on..."
Tuesday, May 18, 2010
World’s leading producer of primary aluminum, Alcoa, Inc. (NYSE: AA) (from ALuminum Company Of America), spent $560,000 to lobby Congress and federal agencies during Q1 of 2010. Among the issues discussed were cap-and-trade legislation, hydroelectric generating facilities, and more. Click here to access the entire news
Read the full article: "Alcoa spends $560,000 to Lobby Congress"
Monday, May 17, 2010
Century Aluminum Co. (CENX.O) management and the union of the United Steelworkers of America have been having talks over a new labor contract that will cover the benefit of about 500 hourly workers at the Hawesville aluminum smelter. The company’s aluminum smelter at Hawesville has a capacity of about 244,000 tonnes per year. Hawesville plant [...]
Read the full article: "Century Aluminum, Union Negotiation at..."
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Thursday, May 27, 2010