The London Metal Exchange (LME) has announced its intention to introduce a cap on the rent that can be charged by an LME-approved warehouse for metal held in a delivery queue, and an increased minimum load-out rate for metal stored in LME warehouses.
The LME’s decision comes in response to market-wide discussion and consultations.
Since 1 July 2015, the LME has sought feedback on a proposed increase in the standard load-out rate (LORI) and on suggested queue-based rent capping (QBRC) rules. It has received 20 responses to the consultations...
The Aluminum Association has released Aluminum in Green Buildings: A Guide to Green Building Development and Certification with Aluminum Products.
The new guide features information on aluminium’s unique properties for use in building and construction, as well as data on the metal’s life-cycle characteristics and environmental performance.
The guide is available at the online on the Aluminum Association’s website.
The Guide is intended to assist and support aluminium end-users – architects, designers and engineers – in...
Alcoa has announced executive management appointments for the future Upstream and Value-Add Companies, expected to become effective upon completion of Alcoa’s previously announced separation in the second half of 2016.
Roy Harvey (pictured), Executive Vice President and Alcoa President of Global Primary Products, will serve as Chief Executive Officer of the new Upstream Company. William Oplinger, Executive Vice President and Chief Financial Officer of Alcoa, will serve as the Upstream Company’s Chief Financial Officer.
In the Value-Add Company, Ken Giacobbe...
Houghton International Inc., has announced that its board of directors has appointed Mike Shannon (pictured) as chief executive officer effective January 1, 2016.
Shannon, who currently serves as Houghton’s chief operating officer, will succeed the company’s current CEO, Paul DeVivo, who will retire.
“Mike has a long and proven track record of leading global industrial chemicals businesses,” said Sanjay Hinduja, chairman of the board of Houghton. “At Houghton, he has realigned the organisation to better serve industry...
The Irish Exporters Association (IEA), the voice of the export industry in Ireland, announced Combilift as the Exporter of the Year 2015 at the Export Industry Awards which were held recently in Dublin.
In their 15th year, the Awards are the premier event to recognise the remarkable achievements of companies working in the export industry in Ireland.
Combilift took home the overall Exporter of the Year Award 2015 after also winning the hotly contested Multinational Exporter of the Year Award category earlier in the evening. This is the second time the award was scooped by...
The UK’s only remaining manufacturer of rolled aluminium coils is celebrating a prestigious milestone this month, with its Litho Centre marking 25 years in business.
Bridgnorth Aluminium is celebrating a quarter of a century since the launch of its offset lithographic aluminium strip manufacturing centre – the only place in the UK where aluminium printing plate material is made.
“We’re thrilled to be celebrating this fantastic milestone,” explained Simon MacVicker, Managing Director of Bridgnorth Aluminium. “Over...
FATA Hunter was recently awarded a contract for the supply of one new hSystem automation system to Shandong Wantong Metal Technology Co., Ltd., Shandong Province, P.R. of China.
The system will be installed on a 4-high Aluminium Cold Rolling Mill. It will be complete with Automatic Gauge control (AGC), Automatic Flatness Control (AFC), flatness measurement system, coolant spray bars, thickness measurement system and one integrated Level 2 control system for automatic pass schedule calculation, primary mill data management and PDA (Process data Acquisition system).
The right time in the right market for the right show: ALUMINUM USA, which celebrated its premiere at the Cobo Convention Center in Detroit from November 11-12, 2015, was a success with good prospects for the future.
More than 170 exhibitors from 20 countries showcased lightweight manufacturing solutions. Besides key US players, numerous companies from Canada, Europe and Asia attended at ALUMINUM USA – from suppliers of raw material, semi-finished and finished to producers of machinery, plant and equipment for aluminium processing and manufacturing.
Novelis has celebrated the opening of an aluminium automotive sheet production line in Nachterstedt, Germany, to serve European and global automotive customers.
Located adjacent to Novelis’ existing rolling mill and the world’s largest aluminium recycling centre, the $85 million investment will increase production capacity by 120,000 metric tons of automotive sheet annually.
At full production, this line will increase Novelis’ European automotive sheet capacity to 350,000 metric tons per year and will provide global customers with high-quality...
Henan Zhongfu Industrial Co. Ltd, one of China's largest conglomerates in the field of coal, power generation and aluminium production and processing, celebrated its 40th anniversary in October 2015 in Gongyi, Henan Province.
During the celebrations M. Kotas, Managing Director of Danieli Fröhling, honoured the achievements and exemplary business relationship by handing over a congratulatory plaque to Henan Zhongfu.
Danieli Fröhling is supplying to Henan Zhongfu a state-of-the art slitting line, equipped with its innovative vacuum roll technology, as well as a...