AL Circle's weekly wrap
Alba unveils new low-carbon aluminium product line EternAl
Aluminium Bahrain?B.S.C.?(Alba) has reportedly introduced a new low-carbon aluminium product line called EternAl with two variants: EternAl-30 and EternAl-15. They respectively have 30 per cent and 15 per cent recycled content.
Alba's EternAl product line?rightly?reflects the company's novel stride towards creating a greener future through?the use of?secondary aluminium and advocating a circular economy.?It also addresses the growing demand for low-carbon aluminium?across the globe.
Both the variants of EternAl are verified by?DNV, a globally recognised leader in verification assurance, which further underpins Alba's unwavering commitment towards responsible production of low-carbon aluminium.?DNV?verification assures customers that Alba's EternAl product line significantly reduces carbon emissions throughout the value chain.?
Commenting on the launch of the new product line,?Chairman?of the Board of Directors, Khalid Al Rumaihi, said: "At Alba,?we're not just aligned?with Bahrain's vision for a sustainable future, we're actively?taking part?in it. Our commitment to achieving Net Zero by 2060 is a cornerstone of this vision."
Alba's Chief Executive Officer Ali Al Baqali added: "By utilizing up to 30% recycled scrap metal, we're not only minimizing our environmental?footprint,?but also empowering our partners and customers to?make a significant contribution?to achieving their own sustainability goals. This innovation paves the way for a more sustainable future in the aluminium industry,?one?where every step of the supply chain can be part of the solution." Read the full news HERE.
Hindalco to supply marine-grade aluminium to the Indian Coast Guard for ship manufacturing
On May 9, 2024, the?Indian Coast Guard (ICG) and Hindalco Industries Limited inked a Memorandum of Understanding (MoU) in New Delhi. As per the agreement signed, Hindalco will produce and supply marine-grade aluminium to the Indian Coast Guard for ship manufacturing.
The signing of the MoU is a testament to the collaborative spirit between the Indian Coast Guard and Hindalco Industries Limited. Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma, and Shri Nilesh Koul, CEO of Hindalco’s downstream aluminium business, affixed their signatures to the document in the presence of senior ICG officials, marking the beginning of a promising partnership.
As per the MoU, Hindalco has committed to providing ICG with additional services such as quarterly pricing, supply priority, and a turnover discount.?
The Indian Coast Guard presently operates 67 ships with aluminium hulls and the capability to sail in shallow water. To amplify coastal security, the ICG plans to introduce more such vessels, for which it needs indigenously manufactured marine-grade aluminium.
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Wisconsin Aluminum enhances aluminium parts production through ATEK Metal acquisition
Wisconsin Aluminum Foundry (WAF) has begun new chapter of expansion with the acquisition of ATEK Metal Technologies, an esteemed Iowa-based aluminium castings manufacturer. This acquisition?not only signifies growth but also?embodies a nostalgic return to roots, intertwining the legacies of both companies.
Under the astute leadership of CEO Sachin Shivaram, WAF has diligently crafted its path towards expansion, leveraging acquisitions as pivotal milestones in its journey.?
"ATEK is a key supplier to leading motorcycle manufacturer Harley-Davidson. More than 100 years ago, Harley was among WAF's foundational customers in the early 1900s, and with this acquisition, we're pleased to have this story come full circle, and with the strong relationship ATEK leadership has forged with all its customers," he explained.?
Reviving historical connections
With a historical thread dating back over a century, the acquisition of ATEK Metal Technologies holds profound significance. ATEK's role as a?key?supplier to iconic motorcycle manufacturer Harley-Davidson harks back to a shared history with WAF, rekindling connections established in the early 1900s. This synergistic alignment underscores the enduring relationships fostered by both companies.
ATEK's specialisation in low-pressure permanent mould castings and tilt-pour moulding?presents a complementary addition to?WAF's repertoire. Beyond bolstering existing operations, this acquisition facilitates WAF's foray into diverse market segments, including motorsports, transportation, agriculture, and the medical industry.?With a focus on deepening market penetration, WAF positions itself at the forefront of industry innovation and versatility. Read the full news HERE.
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