AluNews - May 2014

LB Aluminium plans expansion

Star Publications - May 31st 2014,

Semenyih-based LB Aluminium Bhd is looking to undertake another major expansion exercise this year, in line with the growing aluminium extrusion industry in Malaysia.

It is currently in the midst of preparing the budget for the expansion. However, details of its expansion will only be finalised by the end of July. “We are still planning what to do, what to expand and what to buy, but no firm decision has been made as yet,” says chief executive officer Mark Wing Kong.

Three years ago, the company underwent a major expansion of capacity, which cost about RM40mil.

“It took time to absorb that. So in the financial year ending April 30, 2015, we are looking at another expansion to expand capacity as we still feel there is still growth for Malaysia for the aluminium extrusion industry.

“We are quite confident of the direction of the country and hence confident enough to expand further,” says Mark.

The company’s expansion will either be by way of capacity, new products, and or, new markets, he adds. On another note, the company has no plans to go into the upstream side of the industry.

Mark says any expansion will be internally funded. “Our financials are very strong, so we don’t foresee going to the market to raise funds,” he says.

According to Bloomberg data, LB Aluminium’s 2013 net debt to earnings before interest, tax, depreciation, and amortisation ratio stands at 1.46.

LB Aluminium continually upgrades its processes and equipment as needed. Mark tells StarBizWeek that the company spent some RM20mil in capital expenditure (capex) in the 2014 financial year. “We keep finding ways to upgrade and automate to cut cost, and to save electricity, gas, and water,” says Mark.

The company’s production facilities are located on 30 acres in Beranang’s industrial park. It also has another factory in Sarawak, spanning five acres to cater for demand in this state and Sabah. “It’s basically to reduce our transport cost. We can also service our customers faster and are closer to market,” he says.

Both factories are currently operating at about 70% capacity, which Mark says is an ideal level for the company, as it needs to have spare capacity at any point in time.

“The industry can be a bit lumpy. For example in the last quarter, because of the Chinese New Year festivities, volumes were down. Then in April it caught up. It is these types of situations that we need to worry about. We need the extra capacity to cater to this,” he says.

Turnover of orders, which are primarily for the building and construction industry, are higher now that its clients are moving towards keeping less stock in hand.

“Lately most builders are moving towards green index buildings. Typically a green building would use more for aluminium, which works out as a bonus for us. We expect this trend to continue into the future,” he says.

The company also caters to other industries such as electrical and electronic, transportation, engineering, solar, household tools, and furniture among others.

LB Aluminium is also considering building an extension to its factory in Beranang. It has six acres within the same area. “That was to cater for future expansion,” says Mark.

The company’s current production facilities include 17 extrusion presses with an annual production capacity of 90,000 tonnes. This includes a fully integrated 4,300 tonnes extrusion press, the largest press in Malaysia to-date.

It also has a fully-automated vertical powder coating line, and together with its two existing horizontal powder coating lines, can cater for capacity of 24,000 tonnes.

Currently, the company has two anodising plants, one of which is Malaysia’s first and only eco-friendly vertical anodising plant, which is fully automated to obtain consistency and uniformity of quality anodised finishes.

It also serves as a one-stop solution centre for its clients, in providing value-added services such as cutting, degreasing, hole punching, stamping, and tapping among others.

LB Aluminium’s die-shop is equipped with the latest CAD-CAM software, which enables it to design and manufacture die-moulds, which comprise various complexities.

The company currently holds 25% of the market share in Malaysia. While it predominantly caters to the domestic market, it exports some 30% of its products to the UK, Australia, North America, South-East Asia and Japan.

“We will not focus on any individual market, but on all our export markets. We will diversify our customers rather than regions we supply to,” he says.

In the past year, the counter saw its share price gain 54% to 67 sen on Friday. It currently trades at around 7.6 times its historical earnings, compared with its peers like Press Metal Bhd and Tong Herr Resources Bhd, which trade at 100 times and 13.3 times respectively.

“It is still below our net asset value, which is more than RM1, which represents a 30% discount,” Mark says.

He foresees steady growth for the company in the next few years. “The aluminium business is something that grows together with the economy of Malaysia. Going by what the country is forecasting in the next few years, we will register gradual growth in the next few years,” he says.

In the third quarter of 2014, the company saw slight decline in net profit and revenue to RM4.88mil and RM96.62mil respectively on the back of lower business volume following the festivities during the quarter.

LB Aluminium is position where it can afford to pay more dividends, which could be something that shareholders could look forward to. It has been religiously paying 1.75 sen per share in dividends for the past few financial years.

Vedanta hopeful of using IPP power for smelter

Business Standard - May 28th 2014,

Anil Agarwal controlled Vedanta Resources Ltd said it is hopeful of getting the Odisha government’s nod to use power from group owned Sesa Sterlite’s 2400 Mw coal based plant to run its aluminium smelter complex at Jharsuguda.

“We have 3,600 Mw power generating capacity at Jharsuguda (including 1,200 Mw captive capacity). We are running our Jharsuguda smelter at 25 per cent capacity. The chief minister assured us that the entire power can be used to run the smelter so that more jobs and revenue is created for the state,” Agarwal said after meeting chief minister Naveen Patnaik.

Sesa Sterlite’s 1.25 million tonne per annum (mtpa) aluminium smelter set up as a sector specific Special Economic Zone (SEZ) at Jharsuguda is lying idle presently for want of power. The company has already invested Rs 12,000 crore on the smelter complex. Commissioning of the SEZ facility promised to boost the local economy by generating business potential worth Rs 15,000 crore every year. Direct and indirect employment opportunities for nearly 12,000 persons are set to be created.

“Since Odisha is now a power surplus state, we can afford to use the entire power generated for running our smelter unit. Whenever the state needs power, we can supply it,” said the Vedanta Group chairman.

Agarwal said there is potential to set up 100 aluminium downstream units across the state. “We have a licence to produce 1.7 million tonne of aluminium and five million tonne of alumina. We are going to create the largest employment for the state,” he added. Asked if he discussed raw material issues with the chief minister, Agarwal said, “He (chief minister) was very positive about the bauxite mines and said the matter will be dealt with top priority. Presently, we are running our one million tonne Lanjigarh refinery on imported bauxite.” On sustainability of Lanjigarh refinery, he said, “These plants are set up for 100 years. It is bread and butter for the people. Such plants are meant for development.”

Agarwal admitted the Lanjigarh refinery was running on losses but exuded hope of turning profitable after securing raw material supplies.

Vedanta’s bid to mine bauxite atop ecologically fragile Niyamgirihills got a blow with the Union ministry of environment & forests (MoEF) rejecting the mining plan after local tribals unanimously voted against the plan in a referendum. In November last year, the state government had assured Vedanta that it would take all steps to ensure that mining lease could be granted in the next two months for small laterite mines which could serve as a short-term breather for its refinery. Vedanta had also filed 33 applications for alternative bauxite mines currently pending at different stages of approval.

UC RUSAL and Rosneft sign partnership agreement

RUSAL - May 23rd 2014,

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUALR/RUALRS), a leading global aluminium producer, and Rosneft, Russia’s leading petroleum company, announce the signing of a long-term agreement for the supply of petroleum coke and natural gas to RUSAL’s plants. The document was signed by the CEO of RUSAL, Oleg Deripaska and the President of Rosneft, Igor Sechin at the XVIII St. Petersburg International Economic Forum.

The agreement forecasts the supply of a total of 2.65 million tonnes of petroleum coke and up to 12 billion cubic meters of natural gas to RUSAL’s plants. Through this cooperation, Rosneft creates a guaranteed sales market for its petroleum coke and natural gas products and RUSAL secures the stable supply of essential raw materials to its aluminium facilities.

Both companies have also signed a partnership agreement for the supply of other petroleum products, which will provide RUSAL with a range of high-tech lubricants and fluids. In addition, the partnership agreement will permit the joint research in the development of an extended range of lubricants required for the aluminium industry.

Commenting on the signing of the agreements, Oleg Deripaska said: “The development of a long-term and mutually beneficial cooperation with Russia’s leading companies is one of our top priorities. The partnership with Rosneft will not only provide RUSAL’s plants with the raw materials required for the continued production of aluminium, but will also create a platform for the development of new products. This cooperation will help unite our efforts in improving the competiveness of Russian resource production and reduce our dependence on imports.”

Igor Sechin commented: “The quality of Rosneft’s industrial lubricants is highly regarded by major technological and industrial companies in Russia. We believe that this cooperation with RUSAL, and the use of petroleum products at RUSAL’s facilities, will trigger the creation of new products for industrial equipment maintenance and will be an additional incentive for the further expansion of this part of the business by Rosneft”

Agreements signed are subject to approval by UC RUSAL’s Board of Directors.

Plant looks to reduce production costs

Stuff - May 21th 2014,

Southlanders are waiting in anticipation to see what affect a multi-million dollar employment dispute will have on the Tiwai Pt smelter, Southern leaders say.

The future of New Zealand Aluminium Smelters was put in the spotlight again when workers won a lieu dispute that will cost the company an estimated $20 million.

Smelter bosses have yet to decide if they will appeal the decision and it is understood a NZAS review will include further cost reductions at the plant.

Southland Chamber of Commerce president Sean Woodward said any business would find it hard to deal with a $20 million unexpected payout.

The region was reliant on the smelter and if its vitality was threatened again, it would be a major concern, he said.
"We hope that this can be resolved relatively quickly."

When uncertainty surrounded Tiwai, it affected the perception of the region by those living outside it.

Less people would want to work in the region and its economic prosperity would be questioned, he said.

"Uncertainty is more of a worry than anything . . .but it's a case of understanding what they plan to do."

Venture Southland chief executive Paul Casson said another cloud over the smelter was a major concern.

The community was talking about what $20m could mean for NZAS and if the company could remain sustainable in the longterm.
People had to be realistic about what it could mean, he said.

NZAS may need to restructure the plant or find other ways to recoup any loss, just like any other business, he said.

While Southland District Council mayor Gary Tong and Gore District Mayor Tracy Hicks were concerned, Invercargill City Council mayor Tim Shadbolt said his council were "keeping out of it" and he had no "personal opinion".

Tong said it was a commercial matter and he believed it was possible for NZAS to continue moving forward.

"Nothing is set in concrete, let's wait and see what happens in the near future."

Hicks said any change downward would be a blow for the region.

"A lot of time, work and effort went into making sure it [the smelter] was viable and I am sure the company is doing as much as it can."

In May last year, 64 Engineering Printing and Manufacturing Union (EPMU) members won an Employment Relations Authority case they took against NZ Aluminium Smelters concerning lieu days.

The company appealed the decision and a two-day hearing was held in December. On Friday, the workers found out the appeal had been overturned.

Hindalco (Buy)

Business Line - May 19th 2014,

Hindalco is the largest aluminium producer in India with total smelting capacity of 1.32 mtpa. 603 ktpa smelter is in commercial operation, while 718 ktpa smelters at Mahan and Aditya are under trial production. 3 mtpa alumina refineries meet 80-85 per cent of its bauxite requirement from captive mines. Hindalco has invested $6 billion in setting up aluminium smelters (Mahan and Aditya) and Utkal alumina refinery. Bauxite mines and alumina refinery are already operational. Once coal mines become operational, the cost of production at 718 ktpa smelter will be lowest in the world. Novelis is likely to reap the benefit of $2 billion investment in recycling, auto sheet line and rolling mills. Novelis is leading from front in new uses of fibre-reinforced plastic in auto segment. We continue to believe that peaking of capex and improving cash flows will lead to de-leveraging, which will drive equity value. Risks: a) An unexpected fall in aluminium prices; b) Coal block de-allocation.

Vedanta puts Lanjigarh alumina refinery expansion on hold

Business Standard Ltd - May 18th 2014,

Vedanta Resources has put on hold a five-fold expansion plan of its Lanjigarh refinery in Odisha even as it is mulling sourcing bauxite from other sources away from Niyamgiri Hills to feed existing and future operations.

"With regard to the expansion project at Lanjigarh, the company's fresh application for environmental clearance is in process and in the meantime the expansion plans are on hold," the Anil Agarwal-led company said in its results statement.

"These matters are critical to the planned aluminium refinery operations of the company. The management expects that with the timely support of relevant authorities, these matters will be satisfactorily resolved," it added.

Sesa Sterlite, a Vedanta Group company, operates a one million tonne per annum (mtpa) greenfield alumina refinery plant and a 75 MW captive power plant at Lanjigarh. It plans to enhance the capacity of the alumina refinery to five mtpa.

Production at Lanjigarh plant recommenced in July 2013 after a temporary shutdown and the refinery operated at 91 per cent capacity in the last quarter of 2013-14.

As per the Memorandum of Understanding (MoU), the Odisha government was required to make 150 million tonnes of bauxite, a key raw material for alumina production, available for the company.

Meanwhile, Ministry of Environment and Forests rejected the grant of forest clearance for the Niyamgiri mining project after local gram sabhas rejected the mining proposal.

After this, Vedanta said it would not consider developing any bauxite resources in Niyamgiri mines without the consent of the local communities.

"We continue to actively engage in discussions with the Odisha Government for allotment of alternative bauxite mines. The company is also considering sourcing bauxite from alternate sources to support the existing and expanded refinery operations," the company said.

Kentucky to build new aluminum plant with joint venture

Yieh Corp. - May 16th 2014,

Steve Beshear, Kentucky officials recently announced a joint venture will build an aluminum manufacturer in Bowling Green.

The joint venture is co-founded by the European Constellium N.V. and Japan UACJ Corp.

The official said the plant will produce aluminum rolled Products for automotive industry, which could create 80 new jobs by investing US$150 million.

Beshear said the large investment projects will further consolidate their important position in the automotive industry.

At the same time, and it's very pleased to see the two large companies from different country to join forces and select Kentucky to produce innovative products.

He expressed thanks to Constellium and UACJ for creating more employment opportunities for the people of Kentucky, and expects this cooperation can affect the entire automotive industry.

Constellium and UACJ are respectively aluminum companies in Europe and Japan.

They will provide aluminum coils with BowlingGreen plant for treatment processing. The new plant covers an area of 225,000 feet,which is expected to put into operation this summer and is designed to further expansion.

Tri-Arrows Aluminium is UACJ subsidiary, specializing in producing basic aluminum production, and will be one of the major cold-rolled aluminum coils supplier of the new plant.

Patrick Franc, president and CEO of Tri-Arrows Aluminum Inc said UACJ and Tri-Arrows are honored to have the opportunity to cooperate with Constellium and to participate in the development of the aluminum industry for excellence.

New aluminum plant to be built in Kentucky

Recycling Today - May 13th 2014,

Kentucky Gov. Steve Beshear has announced that a joint venture company has plans to build an aluminum production facility in Bowling Green, Kentucky. The joint venture is between Europe-based Constellium N.V. and Japan-based UACJ Corp. The governor says the $150-million plant will manufacture aluminum sheet for the automotive industry and is expected to create 80 new jobs. The joint venture is subject to regulatory approval.

“This is a huge investment in Kentucky—one that further solidifies our role as a key player in the auto industry,” says Beshear. “It’s also exciting to see companies from two different continents jointly choose Kentucky as the place to manufacture an innovative product. I want to thank both Constellium and UACJ for putting more Kentuckians back to work, and I look forward to seeing this partnership’s impact on vehicles around the world.”

Constellium, a European aluminum company, and UACJ, a Japanese aluminum company, will supply aluminum coils that will be treated and processed at the Bowling Green plant.

Construction on a 225,000-square-foot facility is expected to start this summer and is being designed to allow for future expansion.

Tri-Arrows Aluminium, headquartered in Louisville, Kentucky, will be one of the key suppliers of cold rolled aluminium coils to the new partnership. Tri-Arrows, which is a subsidiary of UACJ, manufactures its base aluminum coils at its joint-venture operating mill at Logan Aluminum Inc. in Russellville, Kentucky.

”This is a great opportunity for UACJ and Tri-Arrows to participate in this dynamic growth segment for aluminum along with our partners at Constellium,” says Patrick Franc, president and CEO of Tri-Arrows Aluminum Inc. “We are also very pleased with the choice of Bowling Green, which is in close proximity to the Logan rolling mill.”

To encourage the investment and job growth in Kentucky’s Warren County, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily has approved tax incentives up to $4.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

KEDFA also approved tax benefits of up to $1.5 million through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.

Nalco plans to raise aluminium output

World Aluminium Market - May 12th 2014,

BL reported that witnessing demand recovery, state owned National Aluminium Company Limited has planned to marginally increase its aluminium output. The company had early this week reopened 10 aluminium producing pots at its Angul smelter in Odisha.

Last fiscal, Nalco had reduced its capacity utilisation by a third because of the sluggish aluminium market and lower LME realisation and coal shortage. It had shut down 329 of its total 960 pots or 4.6 lakh tonnes a year of its smelter. Now the number of operational pots has gone up to 641. A Nalco pot can produce 1.37 tonnes a day.

Mr Angsuman Das CMD of Nalco said that “It’s a small, but significant step considering the change in the outlook. Nalco, which is yet to announce the results of Q4 of 2013 to 2014.”

Of late, LME aluminium prices, the premiums over LME prices for export and domestic market sale, as well a weak rupee against dollar has given Nalco incentives to increase production. Meanwhile, Nalco expects to make its 4 channel 25 kilometers and INR 190 crore fly ash slurry project operational by December this year.

The project is to carry ash from of the company’s captive power plant at Angul to Mahanadi Coalfield’s Bharatpur mines in the same district. The slurry ash would be used to fill the exhausted mine pits. The project execution, which is running late, may complete the work of laying the first channel by September.

Nalco in talks for smelters abroad

Business Standard Ltd - May 11th 2014,

National Aluminium Company (Nalco), a navratna PSU under the Union ministry of mines, is in talks with six countries for setting up smelter units through joint ventures.

"Nalco has approached the ambassadors of six countries- Indonesia, Vietnam, Malaysia, Qatar, Oman and Iran for setting up smelters overseas in joint venture," said Ansuman Das, chairman cum managing director while addressing the employees of company's smelter and power complex at Angul. For the proposed alumina refinery in Gujarat, Das stated that Nalco has offered the Gujarat government 49 per cent stake to ensure its participation and commitment.

Das expressed his optimism on completion of ongoing lean slurry project at Angul site by the end of this year.

The project would solve the ash disposal problem of the company's captive power plant (CPP) by transporting ash slurry to the voids of coal mines, he added.

Nalco is also hopeful about the Utkal-E Coal project and allotment of Pottangi bauxite mines which has mineable reserve of about 70 million tonnes. The PSU had to shut down one-third pots at its Angul smelter because of the sluggish aluminium market worldwide and coal shortage.

But recently, the company has added 10 more pots to its 631 operational pots. "It's small, but significant step," said Das, urging the employees to remain prepared when things really start looking up.

"We are running profitably, while smelters worldwide are being shut down," said Das.

It may be noted, Nalco has posted its best ever foreign exchange earnings of Rs 3,719 crore in 2013-14 even as its aluminium output fell 21.58 per cent to 316,000 tonne from 403,000 tonne in 2012-13. The aluminium major went for a planned cut in metal production through shut down of around 300 out of 960 pots on lower prices on the London Metal Exchange (LME).

Nalco, however, posted its best ever performance in alumina and bauxite production. Bauxite production stood at 6.29 million tonne in FY14, 16.12 per cent higher than 5.41 million tonne in 2012-13.

Nalco plans to raise aluminium output

The Hindu Business Line - May 10th 2014,

Witnessing demand recovery, state-owned National Aluminium Company Ltd (Nalco) has planned to marginally increase its aluminium output. The company had early this week reopened 10 aluminium-producing pots at its Angul smelter in Odisha.

Last fiscal, Nalco had reduced its capacity utilisation by a third because of the sluggish aluminium market and lower LME realisation and coal shortage. It had shut down 329 of its total 960 pots or 4.6 lakh tonnes a year of its smelter. Now the number of operational pots has gone up to 641. A Nalco pot can produce 1.37 tonnes a day.

According to Nalco CMD, Angsuman Das, “It’s a small, but significant step” considering the change in the outlook. Nalco, which is yet to announce the results of Q4 of 2013-14, today said in a statement that it was running profitably.

Of late, LME aluminium prices, the premiums over LME prices for export and domestic market sale, as well a weak rupee against dollar has given Nalco incentives to increase production.

Meanwhile, Nalco expects to make its 4-channel 25 km and Rs 190-crore fly ash slurry project operational by December this year.

The project is to carry ash from of the company’s captive power plant at Angul to Mahanadi Coalfield’s Bharatpur mines in the same district. The slurry ash would be used to fill the exhausted mine pits. The project execution, which is running late, may complete the work of laying the first channel by September.

Norsk Hydro: Hydro decides on permanent closure of Kurri Kurri aluminium plant

MarketWatch - May 8th 2014,

Hydro has decided to permanently close its Kurri Kurri aluminium plant in Australia. Production at the plant ceased in 2012.

After being in care and maintenance mode since 2012, the decision to permanently close the Kurri Kurri aluminium plant is allowing for remediation and redevelopment options for the site to progress.

The decision to cease production at the Kurri Kurri aluminium plant in 2012 was based on the overall market situation for aluminium, such as the continued weak macro-economic environment, with low metal prices, uncertain market outlook and strong Australian dollar (AUD) relative to the U.S. dollar (USD).

Hydro has been evaluating and preparing for a possible closure and has been working on plans for the future of the site, resulting in the decision to permanently close. These plans will be further developed in consultation with the local community and other stakeholders.

"We are committed to maintaining our good relationship with stakeholders and the local community, and to understanding their views, values and concerns and to keeping them informed and involved throughout the phases of the project," says Hilde Merete Aasheim, executive vice president of Hydro's Primary Metal business area.

Costs of closure are expected to be offset by the sale of land and equipment.

NALCO to source green technology for 10 TPA gallium plant

Business Standard - May 5th 2014,

National Aluminium Company (NALCO) has invited expression of interest (EoI) for sourcing an environment-friendly technology for a gallium plant it is planning to set up in Odisha.

The aluminium major has plans to set up a 10 tonnes per annum (TPA) gallium extraction plant at its Alumina Refinery in Damanjodi, Odisha.

"NALCO invites EOI from the interested and competent manufacturers/technology suppliers interested in providing technology for extraction of gallium from Nalco Bayer liquor (intermediate process liquor generated from Digestion of bauxite by Bayer process) and having expertise in production and marketing of metallic gallium or gallium compound," the PSU has said.

Gallium is a soft silvery metal, extracted from zinc and bauxite and is mostly used in electronics.

On receiving proposal from the parties again a fresh tender will be floated to the shortlisted parties for selection of the suitable technology provider on gallium extraction from bauxite resources.

The LME (London Metal exchange) listed company is operating a multi-location Bauxite Mines-Alumina-Aluminium complex along with a Captive Power Plant, in Odisha.

The largest domestic aluminium producer has plans for the gallium plant as the metal is available in NALCO bauxite.

The PSU has specified that only such firms which possess technical knowhow for gallium extraction plant of a gallium metal purity of 99.99 per cent from bauxite based resources or in any Alumina Refinery, currently in operation are qualified for bidding.

NALCO has bauxite mines on Panchpatmali hills of Koraput district in Odisha with a capacity of 4.8 million tonne per annum (MTPA) which is being expanded to 6.3 MTPA.

Odisha presses Nalco for aluminium supply contract with Midal Cables

Business Standard - May 2nd 2014,

The state government has asked National Aluminium Company (Nalco) to initiate steps for executing a metal sales agreement with Bahrain-based Midal cables, which intends to set up its wire rod factory in the state in the proposed aluminium park.

The industry department had to intervene as Nalco has already refused to sign a supply agreement with Midal in 2012.

On February 17 this year, Chairman of Midal Cables has met state industry department secretary in this regard and had sought support in terms of hot metal supply contract from Nalco.

"A confirmation from Nalco for execution of hot metal supply contract with Midal cables has become inevitable at this juncture for operationalisation of Park," said Vishal K Dev, state industries secretary in a letter to Nalco Chairman and Managing Director recently.

"In this context I would request your personal intervention for early disposal of the matter," Dev added.

Midal wanted long term supply agreement for a period of 25 years with Nalco, which had rejected the offer. However, Nalco has maintained that it would provide hot metal to all the units of the park regularly.

In 2012, Midal Cables Ltd had submitted a proposal to set up an aluminium conductor and rod manufacturing unit in the state at an investment of Rs 250-300 crore.Its facility was to come up at the aluminium downstream and ancillary products park at Angul, developed jointly by the state's nodal land acquisition agency- Industrial Infrastructure Development Corporation of Odisha (Idco) and Nalco. The overseas investor had sought 30-40 acres of land within this aluminium park.

Idco has already allotted land to Midal in the proposed park. So far, it had aggregated more than 120 acre land and is implementing the external connectivity infrastructure to operationalise the park at the earlier, Dev said in the letter.

Ministry seeks to open Alpart Plant

Gleaner Company Ltd. - May 2nd 2014,

THE BAUXITE industry is poised for a dramatic revitalisation, according to Minister of Science, Technology, Energy and Mining Phillip Paulwell.

Paulwell, who was addressing members of the Manchester Chamber of Commerce on Wednesday, took particular aim at Alpart in Nain, St Elizabeth, which shut down operations in May 2009.

Terming the Nain community as a virtual ghost town since the closure of Alpart, Paulwell said the plant could not be kept closed any longer. He however, was cautious in his statement, contending that he did not want to disclose too much at this time, as he intends to address both Alpart and Windalco plants during his contribution to the Sectoral Debate in Parliament next week.

When pressed for more information, Paulwell said his ministry will be coming up with plans to "reactivate" the plants as the "best years are ahead" for the bauxite sector.

Paulwell said this time around will not be like previous announcements of the plants reopening that did not materialise.

Alpart employed 1,300 workers before its closure.

Guide to setting up aluminium powder plant

Metal Powder - April 29th 2014,

Research and Markets has published “Prefeasibility Report on an Aluminium Powder Manufacturing Plant”, a guide to setting up an aluminium powder manufacturing plant.

The study covers all the necessary aspects of the aluminium powder plant including commercial and technical. It ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment and profit margins.

Written by advisory firm the IMARC Group, It is suitable for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to enter into the aluminium powder industry.