Asia

Nalco Eyeing Iran as Potential Home for New Smelter

Nalco Eyeing Iran as Potential Home for New Smelter

India’s state-owned aluminium producer National Aluminium Company Limited (Nalco) is looking abroad for a location to build its planned 500,000 metric-ton-per-annum aluminium smelter. According to the company’s top executive, the Islamic Republic of Iran is at the top of the list. “Three...

Events

As Domestic Demand Wanes, S Korean Smelters Target Japan

According to aluminium market sources interviewed by Platts, smelters in the Republic of Korea are targeting Japanese customers as the domestic automobile industry experiences a decline. One smelter is running at eighty percent capacity at the present time, but it is in search of foreign buyers as the domestic demand for certain alloys has dropped, […]

Toyota Opens Efficient Aluminium Engine Plant in Indonesia

Toyota Motor Manufacturing Indonesia, a subsidiary of Japan’s Toyota Motor Company, opened a new plant in West Java on Monday. The Karawang Engine Plant will manufacture aluminium-block engines, sourcing its aluminium from local mines and smelters. The opening of the Toyota plant is a significant milestone in Indonesia’s aluminium industry. The country nationalized the industry […]

Malaysian Government Says Affected Land Could Be Industrial Park

A representative of Malaysia’s Federal Land Development Authority (Felda) said last week that land used at the Bukit Goh palm oil plantation may be suitable for development into an industrial park if it is found to no longer be suitable for use in palm oil cultivation. State Felda affairs committee chairperson Abu Bakar Harun indicated […]

Nalco to Make Substantial Buy-In to Atomic Power Project

India’s National Aluminium Company Limited announced that it would invest US$134 million on the Kakrapar Atomic Power project, giving them a 26% stake in the power plant. The navratna (state-owned company) will purchase its share via its joint venture (JV) with Nuclear Power Corporation of India (NPCIL), the NPCIL-NALCO Power Company. According to government spokesmen, […]

EGA Releases Financials for FY 2015

United Arab Emirates’ Emirates Global Aluminium (EGA) released its numbers for the 2015 fiscal year last Thursday. For EGA, which is jointly owned by Mubadala Development Company (Mubadala) and the Investment Corporation of Dubai (ICD), this also concludes their second year in business. In this second year, the firm posted US$18.7 billion in net revenues […]