China Zhongwang Holdings Ltd. announced plans to spin off its industrial aluminum extrusion business through an asset swap with CRED Holding Co., a Chinese property company that is A-share listed on the Shanghai Stock Exchange. As part of the deal, Zhongwang will sell the total equity interests in Liaoning Zhongwang to CRED Holding Co. for 28.2 billion yuan ($4.3 billion), and […]
A new aluminum rolling plant, Emirates Aluminium Rolling (Emiroll), will be built in the Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabi, UAE, in order to meet surging demand for flat-rolled aluminum products designed for applications in downstream industries across the UAE and GCC countries. The AED 440 million investment is a joint venture between DUBAL Holding (35% stake) […]
The U.S. Department of Commerce (DOC) issued its long-awaited circumvention decision in the Aluminum Extruders Council’s (AEC) petition against China Zhongwang Holdings Ltd. The AEC alleges that the company has systematically and illegally evaded duties on aluminum extrusions imported into the United States. The DOC concluded that “based on the information provided by Petitioner, the Department finds […]
The welding industry will face a shortage of 290,000 operators by 2020, primarily due to the aging population of current welders and a skills gap of qualified employees to fill open positions. In order to meet the rising demand for skilled welders, Tooling U-SME partnered with Lincoln Electric to released a series of online welding […]
The Aluminum Association reported that a group of leading U.S. manufacturing associations announced the formation of a new coalition, Manufacturers for Trade Enforcement, to oppose China’s designation as a market economy at the end of 2016. China has claimed that it should be automatically accorded treatment as if it were a market economy after the […]
Alcoa announce that its separation into two independent, publicly-traded companies — an Upstream company and a Value-Added company — remains on track for completion in the second half of 2016. Alcoa has now revealed the name of its Value-Added company, Arconic. The Upstream company will continue to operate under the Alcoa name. According to Alcoa, the “Arconic” […]
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Icona, a design firm with Italian roots but headquartered in Shanghai, has introduced a world’s first supercar concept with a unique titanium and carbon fiber body, called Vulcano Titanium. “Inspiration for the Vulcano came from the world’s fastest plane, the Blackbird SR-71, whose sharp and dramatic silhouette complimenting its sensual surface transitions was key to the styling […]
Service Center Metals plans to invest $25 million in two new aluminum casting lines, according to the Richmond Times Dispatch. Construction is underway on a 190,000 sq ft addition to the factory in SouthPoint Business Park, which will bring the total size of the company’s manufacturing operations to 426,000 sq ft. The expansion will have […]
