Business

Gränges Cut Carbon Emissions By 8 Percent In 2020

Gränges Cut Carbon Emissions By 8 Percent In 2020

Swedish rolled aluminium firm Gränges AB relayed the sustainability achievements it accomplished last year yesterday, including significantly reducing its total carbon emissions and an increase in adoption of renewable energy. Gränges said on Thursday that 2020 saw the company cut total carbon...

Events

GFG Alliance Seeking Payment Pause For Debt Payments To Troubled Backer Greensill

In response to concerns raised by an insolvency filing by one of its financial backers, GFG Alliance leader Sanjay Gupta said his firm is in discussions with its administrators regarding an agreement to pause payments to the troubled firm. On Friday, Gupta relayed internally that it was seeking a standstill agreement from Greensill Capital’s administrators, […]

Extruded Aluminium Buoys Norsk Hydro Financial Results In 2020

Norwegian aluminium producer Norsk Hydro ASA released its annual report on Friday. Despite the challenges to the global economy and the worldwide aluminium market, the firm reported strong results even in the face of coronavirus’s impact. For the year 2020 Hydro reported income of NOK138,118 million, down from the prior year’s income of NOK149,766 million. […]

Vimetco To Invest €10 MM In New Automated Aluminium Extrusion Line Built By Presezzi

Romanian aluminium producer ALRO S.A.’s downstream subsidiary Vimetco Extrusion said Tuesday that it will soon begin a €10 million program to increase high- and very-high value-added aluminium products by installing new machinery produced by Italy’s Presezzi Extrusion spa. The investment in question will consist of a new automated 7” extrusion line capable of extruding profiles […]