All the news about ALUMINIUM from India and over the world
10th September 2013
Reed Exhibitions has the privilege of presenting the 4th edition of ALUMINIUM INDIA 2013, from 12th to 14th September 2013, at the Bombay Exhibition Centre, Mumbai, India.
Backed by Aluminum Association of India and Aluminium Extruders Council this edition promises to take the business networking experience to the next level. The event will bring together 105 exhibitors from 13 countries. Key players from Germany, China, United Kingdom, North America, Sweden, Canada, France, Italy, Bahrain, Austria, Norway, Oman are looking forward to do business with the Indian industry.
The Indian contingent lead by industry leaders like HINDALCO, Jiwanram Sheoduttrai Group, Associated Industrial Furnace, Swastik Furnaces, Aludecor Lamination, ELMECH Engineering will rub shoulders with the global brands like Fata Hunter, Claudius Peters, LOI Thermprocess GMBH, L.H.Marshalls, Oman Aluminium Rolling Company LLC, Redex, Zhuozhou North China Heavy Machinery Co and many more.
Concurrent to this international exhibition, Reed Exhibitions is also organizing a one day seminar, christened as ALUMINIUM INDIA SUMMIT 2013. This conference has a very relevant central theme – Developing Profitable Strategies To Grow New Markets For The Indian Aluminium Industry.
This conference will have some of the finest experts and industry leaders deliberating on the issues of concern to the sector, A host of papers would be presented at this conference, which would look at both market related issues, factory related solutions and emerging trends. Some of them will touch upon specific areas like packaging sector, outlook for the Indian automotive sector, state-of-the-art preventive environmental strategies, climate efficient production trends, extrusion technologies, surface finish and the emerging role of e-commerce in the global aluminium industry.
Aluminium India promises to bring together all stakeholders of the aluminium industry like primary producers, equipment manufacturers policy-makers, academia, R&D teams and end-users from the aluminum industry.
4th September 2013
The theme for Hindalco stand for Aluminium India 2013 Exhibition “Hindalco Aluminium in all walks of life” is derived from its enhanced upstream capacities and downstream capabilities.
Hindalco with its vertically integrated Businesses will be showcasing some of its valued added products and applications representing major segments like Electrical & Electronics, Building & construction, Auto component,Transport, Packaging and Industrial market.
Under Building & construction , product of brands like “ Everlast “ for Aluminium Roofing & structural’s and “Eternia “ for world class Aluminium window systems will be exhibited FF2 solid Aluminium sheet manufactured by Novelis will also be on display at the stand .
Aluminium bi cycle frame manufactured using extrusion shall represent transport while heat shield and High security number plates in various sizes for 2 & 4 wheeler vehicles under auto component category developed with Hindalco special extrusions and sheet material .
Cable lugs for electrical cables made from high purity Electrical grade Aluminium alloy extrusion and Pressure cooker made from FRP circle blanks are being exhibited.
Range of industrial products like pneumatic cylinder, control value , Ferrules for rope sling and Aluminium Gas cylinder also form part of exhibit . Packaging products in form of Aluminium casserole, fresh wrap home foil, Bottle cap and medicine strips provide one- stop solution. Recyclable Beverage can is latest addition to the ever growing product range being offered by Hindalco to industry. With its increased focus on innovative and new product application development activities, Hindalco is set to play a major role in providing sustainable solutions to industry.
3rd September 2013
Prof K.S.S.Murthy is a highly respected thought leader in the Aluminum industry and he is currently the Hon.General Secretary of Aluminium Association Of India (AAI), the largest aluminum sector association in India. Prof Murthy has done his Ph.D from Indian Institute of Science and also M.E. (Foundry Engineering) from the same institution. He is also a Fellow of the Institute of Indian Foundrymen. He is actively engaged in advising various Ministries, in the Government Of India and has been responsible for initiating several nationally important projects such as Aluminium Mission Plan, Technology Roadmap for Indian Aluminium Industry, Litebus project etc. He has the distinction of publishing over 250 papers, in leading international and national technical journals.
AAI was founded in 1981 and is registered under the Karnataka Societies Registration Act, it is recognized and supported by the various departments of Govt. of India with Ministry of Mines being the most prominent one. AAI works as a conduit between the Indian Aluminium Industry, endusers, professionals, and the government on tactical and strategic issues that are growth enablers for the sector.
During the course of a chat with the marketing team of Reed Exhibitions, Prof Murthy shared his views on various issues, pertaining to the exhibition and the industry. Some excerpts are furnished below.
Q.1 In India, consumption of Aluminium is growing at a rapid rate. What are the essential steps that the industry needs to take to leverage the growth opportunities?
A - The Indian Aluminium industry is forging ahead with rapid expansion in both primary metal and downstream sectors. With the continuing trend of economic growth, the demand and consumption of Aluminium is expected to increase rapidly. Higher consumption levels in building & Infrastructure, automotive packaging, power, consumer durables and other industrial sectors will contribute towards increase in Consumption. Aluminium demand in India is anticipated to grow more than 5 times by 2030.
Q.2 What will be the key directions of growth for the aluminum industry in India in terms of application sectors over the coming years?
A -The Indian aluminum industry holds strong growth prospects for the medium and long term, as aluminum capitalizes on new opportunities in building & Infrastructure, automotive packaging , other industrial & engineering sectors.
Key directions for the Growth are
• Substantial transformation or change of direction
• Leadership, market expansion,
• Improving environmental efficiencies,
• Implementing technological advances
• Displaying a commitment to sustainable, forward thinking solutions.
• Overcoming the challenges of the political and business environments
Building and Infrastructure
By 2020, the construction sector in India is projected to emerge as the largest end use sector for Aluminium. The overall consumption by the sector is estimated to grow at a CAGR of 18-20%, to around 1700 kt by 2020
Transport Sector - The Automotive Industry in India is expected to grow 4-5 times from USD 34 bn to USD 150 bn by 2016.
Power Sector - India: Higher usage than the rest of the World. Aluminium usage in the power sector will continue to be predominant.
Packaging - Aluminium Can just arrive in India. Can Stock production and Can Lines in India will boost Can Consumption.
Applications like usage in rigid food containers, cans for chemicals and insecticides, etc. will increase Aluminium consumption in the packaging sector
Q3 What opportunities will the high infrastructure spend in India create for the aluminum sector?
A -Indian aluminum industry focuses on research and development and have ample opportunities for growth in various application sectors.
New products are developed bearing in mind the unique properties of aluminum - lightweight, recyclability and durability
The new markets for aluminum are found – Consumer durables, Railway wagons & Rail Coaches, Aviation, Solar panels, Electronics, and new types of material for Construction (roofing, window panels etc) to maintain sustainable development in the future.
Q4 How do you think events like Aluminum India can come to the help of the sector?
A -Aluminium India event should become an event where technological issues and market strategies are discussed. Invite general public, so as to offer extensive exposition of aluminium products and applications and thereby create opportunity for increasing in Consumption of aluminum.
Q5. What are your expectations from the Aluminum India 2013 as a supporting partner?
A -As the apex body representing the entire spectrum of Indian Aluminium Industry, with one of the main objectives of increasing aluminium production and consumption in the country, we expect Aluminium Indian 2013 to create public awareness about aluminium metal, its virtues, usefulness, applications, etc so that all the misgivings / misconceptions of aluminium are removed and more and more aluminium is used in different segments. We do sincerely believe that Aluminium India 2013 and later events by Reed Exhibitions India will impress upon the public at large to accept aluminium as an inevitable alternate light metal for substituting heavier metals such as Steel, Cast Iron etc. and thereby appreciate virtues of aluminium as Energy Saver.
29th Aug 2013
Reed Exhibitions in collaboration with AL CIRCLEis organizing a one day seminar, concurrent to the ALUMINIUM INDIA 2013 exhibition. Christened as ALUMINIUM INDIA SUMMIT 2013, this conference has a very relevant central theme – Developing Profitable Strategies To Grow New Markets For The Indian Aluminium Industry.
This conference will have some of the finest experts and industry leaders deliberating on the issues of concern to the sector on topics ranging from the macro growth issues to very specific technical challenges.
Aluminium Industry Vision 2020 would present a view on future of the aluminium industry in India from the CEO’s cockpit and deliberate on the essential steps that the industry would have to take to leverage the growth opportunities.
Indian Aluminium Industry – opportunities, challenges and the road ahead would take a bird’s eye view of the industry and also look at the best strategies to overcome the current challenges, being faced by the industry. This will also be positioned against the backdrop of the changing regulatory environment around the Aluminum sector in India
Global Aluminium Markets – an overview on the demand and pricing trends would try to forecast where will the demand come from and how will the prices move keeping in mind the economic scenario, currency fluctuations, demand supply rations for aluminium, in the years ahead.
Sustainability in Aluminium Business and Recycling would look at this very critical area of recycling and its relevance in the Indian context. The session will present the best of the input from Hindalco combined with the global expertise of Novelis.
An overview of the automobile sector and manufacturing industry consumption pattern with emphasis on the automobile sector would look at key issues like when will the automobile sector get back to healthy growth levels. Also how the increasing use of new materials like composites and polymers would further affect the demand for aluminium in automotive industry.
A host of other papers would be presented at this conference, which would look at both market related issues, specific factory related solutions and emerging trends. Some of them will touch upon specific areas like packaging sector, energy efficiency, environmental issues, extrusion technologies, surface finish and the emerging role of e-commerce in the global aluminium industry.
Hence, this conference promises to be an amazing platform with interface between all category of stakeholders like CEO’s, policy-makers, production heads, R&D teams and end-users from the aluminum industry.
26th Aug 2013
Reed Exhibitions has the privilege of presenting the 4th edition of ALUMINIUM INDIA 2013, from12th to 14th September 2013, at the Bombay Exhibition Centre, Mumbai, India.
Backed by Aluminum Association of India and Aluminium Extruders Council this edition promises to take the business networking experience to the next level. The event will bring together 104 exhibitors from 13 countries across the world. Exhibitors from Germany, China, United Kingdom, North America, Sweden, Canada, France, Italy, Bahrain, Austria, Norway, Oman are looking forward to do business with the Indian Industry.
The Indian contingent lead by industry leaders like HINDALCO, JiwanramSheoduttrai Group, Associated Industrial Furnace, Swastik Furnaces, Aludecor Lamination, ELMECH Engineering will rub shoulders with the global brands like Fata Hunter,Claudius Peters, LOI Thermprocess GMBH, L.H.Marshalls, Oman Aluminium Rolling Company LLC, Redex, Zhuozhou North China Heavy Machinery Co and many more.
The event is being actively supported by two of the largest and most credible industry associations, in India. These are Aluminium Association Of India (AAI) and Aluminium Extruders Council (ALEX)
Aluminium Association Of India (AAI) :-
AAI was founded in 1981 and is the only association representing entire spectrum of Indian Aluminium Industry coveringprimary producers, downstream manufacturers, equipment manufacturers, key end-users, technologists, metallurgists, R&D organizations etc. AAI plays a key role in the development of regulatory and long term strategic framework development for the sector working closely with the government and industry.
Aluminium Extruders’ Council (ALEX) :-
ALEX was formed by a group of dedicated people from aluminum industry, defence establishments and research organisations in the year 2004to create a common platform for the extruders and allied industries like extrusion plant and machinery manufacturers. The aim of the council was to bring about awareness on latest technological developments in the sector across the globe, develop standards for the sector and engineer change to match the pace of the fast changing social and economic scenario.
All this makes Aluminum India 2013 a must attend event for all serious stakeholders in the sector.
First line: The project monitoring group of the Cabinet secretariat will vet the progress of 22 large projects in Odisha across sectors like coal, mining, steel, petrochemicals, Railways and power on Friday.
A 10-member team led by Anil Swaroop, additional secretary, Cabinet secretariat, will negotiate with the Odisha chief secretary and other concerned officials on problems impeding the progress of these projects. The meet is aimed at fast tracking approvals and clearances in respect of these projects.
The projects to be reviewed include the refinery proposed by Indian Oil Corporation Ltd (IOCL), steel projects of Jindal Steel & Power Ltd and Monnet Ispat & Energy, the alumina refinery of Vedanta Aluminium Ltd (VAL) and an aluminium smelter of Aditya Aluminium Ltd to name a few.
The deliberations will also focus on headway achieved in case of key rail link projects like Paradeep-Haridaspur, Talcher-Bimlagarh and Angul-Sukinda.
“The Cabinet secretariat’s project monitoring group has identified 22 projects that require deliberation with the state government. The group's mandate is to review large infrastructure and manufacturing projects,” said a senior official with the state planning & coordination department.
IOCL’s 15 million tonne oil refinery at Paradeep, taken up at an investment of Rs 29,777 crore is nearing commissioning with 93.2 per cent of the work completed. The project’s residual work has been held up by deteriorating law and order situation in the Paradeep area.
Another IOCL project – Paradeep-Haldia-Durgapur LPG pipeline has been delayed due to non-receipt of no-objection certificate for obtaining forest clearance. Also, the oil marketing firm’s Paradeep-Raipur-Ranchi pipeline involving a cost of Rs 1,793 crore is battling delay in getting Stage-II forest clearance and law and order issues.
JSPL is setting up a six million tonne per annum (mtpa) steel plant and 900 Mw captive power plant (CPP) near Angul. The company has completed laying of 22.5 km of RoW (Right of Way) water pipeline for the power plant while the balance 6.4 km length is pending due to opposition from the locals.
Aditya Aluminium Ltd, a unit of Hindalco Industries Ltd, is facing problems with respect to processing of forest clearance for its linked coal block Talabira-II and III, a matter pending at the Odisha government level. The company had lined up Rs 13,195 crore investment for establishment of a one million tonne per annum alumina refinery at Rayagada and 0.36 mtpa aluminium smelter at Lapanga near Sambalpur.
The Mahaguj coal mining project proposed at Chhendipada in Angul district has been marred by strong resistance from local residents to public hearing. Moreover, the demand for 33 per cent free power from coal washery rejects from the state government is set to render the project unviable. Mahaguj is a joint venture between Maharashtra State Power Generation Company Ltd and Gujarat State Electricity Corporation.
Among the rail projects, the Rs 1,000-crore Paradeep-Haridaspur rail project has been delayed since the application for Stage-I forest clearance is yet to be submitted to the Union ministry of environment & forests (MoEF). Similarly, Stage-I forest clearance is held up for the Talcher-Bimlagarh rail link.
Hindalco Industries Ltd, the Aditya Birla Group’s flagship company, reported a 11.6% rise in fiscal’s first quarter net profit from a year earlier and said that it was re-evaluating its investments in two projects as demand for aluminium and copper remains bleak.
“Indian markets not only stagnated, coal prices also went up by 10% in May,” Debu Bhattacharya, managing director of Hindalco and vice-chairman of Novelis Inc., the company’s US unit, told reporters. “It is a double whammy.”
Stand-alone net profit rose to Rs.474.09 crore in the three months ended 30 June from Rs.424.77 crore in the same quarter a year ago, the company said on Tuesday. Revenue from operations dropped 3.15% to Rs.5,837.93 crore in the quarter.
A Bloomberg poll had pegged stand-alone net profit at Rs.321.60 crore and sales at Rs.6,031.70 crore. The company said it is re-evaluating its investment strategy with respect to the proposed Aditya Refinery in Odisha and the Jharkhand aluminium project owing to delays in getting regulatory approvals and the uncertain economic environment.
“We cannot invest in this kind of uncertainty and before we put money on the ground, we must be clear,” Bhattacharya said, adding that the review is under way and the company has no deadline for its completion.
He said Hindalco’s plan is to invest about Rs.15,000-Rs.16,000 crore in the projects under review.
Hindalco is India’s largest copper maker and second largest aluminium producer in installed capacity terms. Established in 1958, the company has grown through mergers and acquisitions.
The company’s acquisition of Novelis in 2007 put it among the world’s top aluminium makers.
“Hindalco results missed (our) estimates due to weaker copper margins and volume,” said Rakesh Arora, managing director and head of research, India, at Macquarie Capital Securities (India) Pvt. Ltd.
“FY14 remains a transition year for Hindalco with new capacities getting commissioned; FY15 promises to be much better,” Arora added.
Hindalco shares lost 2.45% to close at Rs.91.45 on BSE on Tuesday, while the benchmark Sensex gained 1.49% to close at 19,229.84 points.
Bhattacharya said he was confident that the coal block at Mahan in Madhya Pradesh would get the necessary government clearances by the end of this year, which would help lower the cost of production at the 359,000 tonne Mahan aluminium smelter.
“I would be very surprised if the clearance for stage II (from the government) does not come by December,” Bhattacharya said, speaking on the progress of the greenfield expansion of the company where trial production has started.
Analysts are not optimistic.
“Coal security is a problem for the company and the benefit of the Mahan project will come only in FY15,” said a metals analyst with an international brokerage company who did not want to be identified.
Bhattacharya said that in the quarter under review, demand growth for aluminium in the country was “zero”. Another senior official said the demand growth for copper was negligible in the quarter in India.
The Indian economy grew 5% in the year ended 31 March, the slowest pace in 10 years, and metal-consuming sectors such as construction, electrical and automobiles saw muted growth.
However, there was hope that the good monsoon could spur some growth in the quarters ahead, the two officials added.
The company officials said it was looking to refinance its debt of Rs.20,000 crore (debt to equity ratio 0.38) after refinancing Rs.5,000 crore recently that led to a saving of Rs.150 crore in interest costs.
“We are constantly looking for possibilities for saving interest cost,” said Bhattacharya, who declined to say if another restructuring was in the offing.
The depreciating rupee in the quarter did not help compensate for the sharp price fall of aluminium prices on the London Metal Exchange (LME) that serves as a benchmark for most base metal producers in India.
Aluminium prices were at Rs.102.6 per kg in the April to June quarter, down 4.11% from Rs.107 per kg in the same quarter a year ago.
On the LME, aluminium prices fell by 7.23% in the same quarter.
Pinched by the worst slowdown in the automobile industry since liberalisation, Indian auto component companies are cutting back on investments, laying off casual labour and reducing production to cut costs. According to sources in the automobile industry, the slowdown has hit tier-2 and 3 suppliers really hard, particularly those that do not have an overseas partner or did not make intelligent overseas acquisitions during the boom years.
"Most auto component companies in India have the resilience to manage a slowdown for a quarter or two but the current scenario is now beginning to pinch them really hard," said the vendor development head of a mass market big volume car manufacturer. "Many component partners are looking to reduce working shifts in keeping with production cuts by the vehicle makers and lay off casual labour. Investment cuts and other cost saving initiatives are also on the rise," he said.
Surinder Kapur, chairman, Sona group, agreed. "Right now it has become common practice in the industry to work fewer shifts depending on the customer and more or less we are now down to working five days a week rather than six or seven days in an effort to control costs and inventory. The focus is to cut material and overhead costs as well as connected costs like travel costs and even postpone investments," he said.
The auto components industry may invest around Rs 7,000 crore over the next three years on new projects, although its revenue growth will remain weak in the absence of domestic demand and an uncertain global economic environment, rating agency ICRA said on Tuesday.
Auto manufacturers such as Maruti Suzuki, Hero MotoCorp and Ford, are planning to establish greenfield facilities in Gujarat, prompting component makers to invest around these facilities.
"The above greenfield investments may entail total investments of Rs 70 billion to be incurred by auto component manufacturers over the next three years," ICRA said.
Besides, in the near term, uncertain global economic environment would exert pressure on export volumes thereby affecting revenue growth, according to ICRA's latest study on 35 publically-listed auto component manufacturing companies.
"Over the near term, the trepidation of auto part makers arising from dull automobile demand is likely to remain...The profitability of auto component manufacturers may be hit harder due to their smaller scale of operations and limited operational and financial flexibility," the study said.
Over the medium term, however, factors such as growing thrust on localisation and expand business in new geographies should allow the components industry to grow at a relatively faster pace than the auto OEM segment, the study added.
It said the industry's revenue growth in 2012-13 was the slowest in last five years as suppliers battled weak demand from domestic OEMs, sluggish export volumes starting Q2 2012-13 and tepid replacement market sales.
It added that the aggregate net profit of auto component manufacturers in the study sample declined by around 7 percent in 2012-13 over the previous year.
"One of the primary reasons for this decline was depreciation of the rupee against the dollar, besides earnings weakness due to weak demand and increase in operating costs," the study said.
US$340 Million Investment Strengthens the Company's Commitment to the Region; Increases Rolling Capacity to 600,000 Tons
ATLANTA and SAO PAULO, July 30, 2013 /PRNewswire/ -- Novelis, the world leader in rolled aluminum and recycling, today announced the opening of its expanded aluminum rolling operations in Pindamonhangaba, Sao Paulo, Brazil. The expansion increases production capacity at the plant by more than 50 percent to greater than 600,000 metric tons of aluminum sheet per year.
The US$340 million investment represents the largest capital expansion by Novelis in South America in the past decade, strengthening the company's commitment to the region. The expansion positions Novelis to meet growing market demand with state-of-the-art technologies designed to deliver the highest quality product to customers.
"This investment reflects the ability of Novelis to respond to our customers' needs, develop new products and surpass market expectations," said Phil Martens, President and CEO of Novelis. "Brazil is one of the most rapidly-growing regions where Novelis operates around the world. With the expansion of our plant in Pindamonhangaba, we expect to meet the growing demand for aluminum flat rolled products in South America for the next decade."
The expansion included the installation of a third cold rolling mill, designed with advanced technology to deliver improved product quality and productivity. In addition, the investment included a new ingot casting center as well as a new pusher furnace for the hot rolling mill.
"The investment strengthens the company's leadership position in key markets including beverage cans and aluminum packaging," said Tadeu Nardocci, President of Novelis South America. "Looking ahead, it will also allow Novelis to explore new opportunities in South America in markets such as automotive. The new Brazilian automotive regulation, Inovar-Auto, set reduction targets for CO(2) emissions that will require automakers to produce lighter, more fuel efficient vehicles in the future."
The Novelis plant in Pindamonhangaba also houses the largest aluminum recycling center in South America.
"We are expanding our recycling operations, increasing the use of post-consumer aluminum scrap and accelerating the development of new alloys that contain a greater percentage of recycled content," said Nardocci. "These changes are aligned with our sustainable business strategy including our aggressive global target to reach 80 percent recycled content in our products by 2020."
Novelis is the leading producer of flat rolled aluminum products in South America and the only company in the region with the ability to produce aluminum can sheet. Other markets served by the company in South America include transportation, electrical appliances, foil and packaging and the automotive industry. Currently, Novelis South America employs approximately 1,800 people.
Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in nine countries, has approximately 11,000 employees and reported revenue of $9.8 billion for its 2013 fiscal year. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries Limited (BSE: HINDALCO), one of Asia's largest integrated producers of aluminum and a leading copper producer. Hindalco is a flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India.
Rexam India is producing the 330ml Sleek Can for RIO out of its Taloja plant, at which a new state of the art aluminium line was opened in November 2012. Rexam also worked with the Rio brand to establish effective filling facilities, with the first cans entering the market recently.
Rahul Sangoi, Director of Sales and Marketing for Silver Ice Beverages (parent company of RIO-Fusion Drinks), says, “We have a developed a great working relationship with Rexam over the last three years, which has yielded success within the beverage market. Rexam’s ways of working go beyond the pure manufacturing of cans. Their team approached us with a design proposal and worked closely with the Silver Ice Beverages to create a new look brand that is both youthful and full of energy. Having previously packaged in glass, Rexam was also able to set us up with appropriate can filling facilities, making the transition to aluminium cans a smooth one.”
RIO-Fusion Drinks, which are enhanced with Vitamin C and honey, come in five flavours and are targeted at teenagers and students and are currently available in cafés, canteens and pubs. The move to aluminium beverage cans will be supported by a new website and regional initiatives where the sustainability benefits of the aluminium can will be promoted.