AL Circle's weekly wrap
Belvac revolutionises beverage packaging: Introducing the 100% recyclable aluminium bottle with a built-in-carrier ring
Headquartered in the US, Belvac, a pioneer in providing the global aluminium beverage can industry with sustainable solutions, has unveiled a game-changing solution for beverage brands. The 'Belvac Carrier Ring Bottle' is not just a new product but a gateway to a more sustainable future. It enables brands to seamlessly shift from filling PET to aluminium D&I bottles, reducing transition costs, surpassing corporate sustainability objectives, and fostering greater brand loyalty among consumers.
This breakthrough is a testament to Belvac's unwavering dedication to sustainability and innovation. It's a response to the evolving needs of consumers and the environment, and a commitment to delivering eco-conscious solutions that champion the adoption of aluminium packaging. Belvac's Carrier Ring Bottle is not just a product, but a symbol of our shared responsibility towards a greener future.
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With Belvac's Carrier Ring Bottle, transitioning from PET to aluminium packaging becomes effortlessly smooth. This innovative bottle offers a direct replacement for PET packages. It empowers brands to reduce transition costs, surpass corporate sustainability objectives, and bolster consumer loyalty while embracing a more environmentally responsible approach.
The integrated Carrier Ring is crafted through supplementary stages using Belvac's proprietary collapsing process within the Bottle Can Manufacturing System. These additional bases are designed for seamless retrofitting onto existing Bottle Can machines, enriching their capabilities and empowering can manufacturers to broaden their packaging repertoire, thereby providing customers with a broader array of choices. Belvac will showcase its latest innovation at Booth 1009 during the Cannex & Fillex show in Guangzhou, China, scheduled from July 16th to 19th.
David Mammolenti, Belvac’s President, stated, “Belvac recognises the importance of offering brands an eco-friendly, cost-effective container that is a direct PET replacement package. Our goal is to encourage brands to adopt aluminium cans and bottles, the most sustainable packaging option for their products, thereby helping to reduce plastic pollution in the oceans and preserving the environment for future generations. We are proud of our efforts to innovate and thrilled with the potential this container offers.”
Hydro to invest $85M in new casting line at Henderson recycling plant for low-carbon auto components
In the wake of an increased demand for low-carbon aluminium to advance sustainability, Norsk Hydro has decided to strengthen the capacity of its Henderson recycling plant in Kentucky by building a new casting line. Built-in 1999, this plant is Hydro’s first recycling facility, and over time, it has become a production hub of high-quality, recycled, low-carbon aluminium products.
The addition of a new casting line will involve an investment of US$85 million, but when it becomes operational in 2026, it will supply the automotive industry with more high-quality, low-carbon aluminium components.
Like Hydro Husnes plant in Norway and Hydro Rackwitz plant in Germany, Hydro Henderson will also use HyForge casting technology. The main benefit of the technology is that it eliminates friction that normally occurs on the ingot surface, resulting in a very smooth surface of the log.
Hydro’s President and CEO, Eivind Kallevik, said the investment would be backed by tax incentives from the Kentucky Economic Development Finance Authority (KEDFA). He also said a new casting line would create 31 new jobs in the city of Henderson, increase production capacity by 28,000 tonnes of aluminium, and strengthen Hydro Henderson’s position as a leading producer of low-carbon aluminium. Read the full news HERE .
Japanese aluminium buyers are offered an 18-20% higher premium for the September quarter shipments
According to a recent report, Japanese buyers received a premium offer of $175 per tonne from a global producer for the June-September quarter primary metal shipments. The news came after three sources directly involved in quarterly pricing talks reported as anonymous individuals.
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The latest offer is 18 to 20 per cent higher than the current quarter’s premium of $145-148 per tonne, which is also 61 to 64 per cent more than the prior quarter's premium of $90 per tonne.
Japan is the most prominent importer of primary aluminium in Asia and thus, the premium it agrees to pay each quarter over the London Metal Exchange price becomes a benchmark for the region.
According to Japanese buyers, this latest premium offer is too high considering the sluggish domestic demand for aluminium, especially from the industrial and construction sectors.
A source said the continuous rise in premiums could be attributed to tighter supply in Asia caused by strong demand from European customers. The source noted that higher premiums in Europe are attracting global producers to send supply to the region. The source added that premiums in North America are also much higher than in Asia.
As a result of ongoing supply constraints, aluminium stocks at three major Japanese ports decreased 2.3 per cent M-o-M and 14.03 per cent Y-o-Y to 308,100 tonnes at the end of April 2024 . At Yokohama, the stocks totalled 151,000 tonnes, down by 8.65 per cent Y-o-Y, while the stocks at Nagoya and Osaka amounted to 138,300 tonnes and 18,800 tonnes, down by 19.31 per cent and 13.36 per cent year-on-year.
However, despite the decline across three major ports, the cumulative stocks managed to remain above 300,000 tonnes, which is considered healthy.
Quarterly pricing negotiations began late last week between Japanese buyers and global suppliers, including Rio Tinto and South32, and would expectedly continue until next month.
Other major news of the week:
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President, Private Equity @ Plocamium Holdings
4 个月https://plocamium.com/the-can-making-industry-today-innovations-and-opportunities-2/