News

Alba closes loan

Aluminium Bahrain B.S.C. (Alba), has announced the closing for its landmark syndicated term-loan facility, the first tranche of the company’s funding plan for the Line 6 project.

Alba’s original target for the syndicated loan was to raise between US$500 to US$750 million. However, due to heavy over subscription, Alba decided to upsize the loan to US$1.5 billion making it the largest corporate loan in the history of Bahrain. The US$1.5 billion carries an interest margin of 325 basis point per annum over the London Interbank Offered Rate (LIBOR).

This facility...

Novelis China Supplying Aluminium-Intensive Solutions for All-New Jaguar XFL

Novelis has announced it is supplying aluminium solutions for the all-new Jaguar XFL, the first Jaguar model from Chery Jaguar Land Rover Automotive Co., Ltd (hereinafter referred to as "Chery Jaguar Land Rover").

The XFL launched in China on August 29 and features a body-in-white made of 75 percent aluminiium, the highest aluminium content achieved by an automaker to date in the Chinese automotive marketplace.

Novelis' Changzhou plant in China is the local supplier for the Chery Jaguar Land Rover Changshu Plant, China's first purpose-built aluminium body...

Assan Alüminyum investment

The largest flat-rolled aluminium producer of Turkey, Assan Alüminyum, a subsidiary of Kibar Holding, is planning to grow over the short and medium term through remarkable new investments. 

One of the major investment plans is the first modern and high-width aluminium hot rolling facility in Turkey. 

Asked about short-term investment plans of Assan Alüminyum and the strategic ideas behind it, together with the recent order placed for a new Achenbach OPTIMILL® foil rolling mill, Göksal Güngör, General Manager of Assan Alüminyum,...

Brake line for cars

Sapa has developed the first-ever automotive aluminium brake line using a high-strength aluminium alloy.

Sapa will be showcasing the new development at IZB, one of Europe’s leading trade fairs for the automotive supplier industry. It takes place on October 18-20 in Wolfsburg, Germany.

“The entire industry is on a mission to reduce weight in cars as a key to lowering emissions. In Sapa, we are using our knowledge to identify new parts where we can use aluminium to make cars lighter, safer and more efficient. The brake line development is one such innovation,...

National aluminium design competition returns for autumn 2016

Secondary schools throughout the UK are invited to take part in the Alu D&T Challenge which aims to teach 11-14 year olds about aluminium and the importance of sustainable design.

The challenge includes an opportunity for students to create their own products and enter their ideas in a national competition for a chance to win prizes for themselves and their school.   

The Alu D&T Challenge supports the D&T curriculum for 11-14 year olds and provides free lesson plans and a range of interactive stimulus materials to explain the material properties and...

Association: New leadership

The Aluminum Association announced an expanded leadership team and additions to its Board of Directors during “Vote Aluminum” – its annual member meeting in Washington, D.C.
 
“This is a pivotal time for the domestic aluminium industry – with tremendous demand side opportunities but also significant challenges on the global trade front,” said Garney Scott, President & CEO of Scepter and Aluminum Association Chairman. “These new additions to the Association’s leadership will be tremendously helpful as we work together...

Ma’aden development

The Saudi Arabian Mining Company (Ma’aden) has announced the beginning of commercial production of the bauxite mine and alumina refinery of its subsidiary Ma’aden Bauxite and Alumina Company.

The Alumina refinery has achieved stable operations and will ramp-up production until reaching its designed production capacity of 1.8 million tonnes of alumina per year by early 2017.

At full production the refinery will fully meet the Ma’aden smelter requirement for 1.4 million tonnes of alumina per year with the surplus production to be sold into regional and...

Reynolds expansion

Reynolds Manufacturing has announced plans of expansion at its west Louisville wrap aluminium foil manufacturing plant that would add up to 50 jobs.

According to an official release, the company received approvals from the State officials on Thursday for an economic development subsidy amounting up to $650,000 to be paid out over a period of 10 years, provided Reynolds sticks to its plan and keeps updating the concerned authority about the progress at stipulated intervals.