1 day ago
Indian automotive supplier Uno Minda has announced four capacity expansion and consolidation projects across its component businesses, with a combined proposed investment of about Rs14.15bn ($147.5m).
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion **** e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#projects #aluminium #casting
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion **** e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#projects #aluminium #casting
3 days ago
Indian automotive supplier Uno Minda has announced four capacity expansion and consolidation projects across its component businesses, with a combined proposed investment of about Rs14.15bn ($147.5m).
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion ******* e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#expansion #parts
The projects span the company's two-wheeler alloy wheels, aluminium casting, moulding, and interior, exterior parts and sealing systems operations, although details have so far been provided for two of them.
One of the projects concerns a new greenfield aluminium casting plant in Hosur, Tamil Nadu, after expansion ******* e at the company's existing Hosur facility was used up.
This business supplies parts for two-wheelers, four-wheelers and commercial vehicles for both combustion-engine and electric vehicle platforms.
The project is expected to involve an additional investment of Rs5.10bn and increase capacity at the site from about 13,000 metric tonnes to a peak of 30,000 metric tonnes.
#expansion #parts
15 days ago
Lili Reinhart has yet again left the internet aflame, posing in a vibrant red Valentino dress featuring a massive back cutout. The "Forbidden Fruits" actress is currently busy promoting her upcoming rom-com, "The Love Hypothesis," starring Tom Bateman. She posed in several different outfits for the portraits accompanying her new feature story with ELLE, alongside Bateman.
Lili Reinhart gave Old Hollywood glam vibes in the fiery red floor-length gown from Valentino. The Cady Couture Long Dress featured long, tailored sleeves and a high draped cowl neck wrapped around her collar. The complete coverage at the front offset the dramatic open-back design. The huge V-shaped cutout at the back plunged all the way down to her waist.
This stark, geometric open back added a sultry element to what appeared to be a simple red dress from the front. Furthermore, the fabric draped down to a floor-sweeping length, gathering at the lower back before falling into a graceful, rounded train that pooled around her feet.
The lower half of Reinhart's look was not visible in the photo, as she looked over her shoulder in the shot that captured her from the side for ELLE.
The "American Sweatshop" actress paired the red dress with Valentino Kabarett Earrings in Metal and Crystals. The oval aluminium jewel design was covered with crystals. In addition, pendant tassels composed of crystals and Swarovski pearls fell downwards from the top of the oval structure. The earrings added just the right amount of sparkle to her look, although her hair partially veiled them.
#back #valentino #lili #bateman
Lili Reinhart gave Old Hollywood glam vibes in the fiery red floor-length gown from Valentino. The Cady Couture Long Dress featured long, tailored sleeves and a high draped cowl neck wrapped around her collar. The complete coverage at the front offset the dramatic open-back design. The huge V-shaped cutout at the back plunged all the way down to her waist.
This stark, geometric open back added a sultry element to what appeared to be a simple red dress from the front. Furthermore, the fabric draped down to a floor-sweeping length, gathering at the lower back before falling into a graceful, rounded train that pooled around her feet.
The lower half of Reinhart's look was not visible in the photo, as she looked over her shoulder in the shot that captured her from the side for ELLE.
The "American Sweatshop" actress paired the red dress with Valentino Kabarett Earrings in Metal and Crystals. The oval aluminium jewel design was covered with crystals. In addition, pendant tassels composed of crystals and Swarovski pearls fell downwards from the top of the oval structure. The earrings added just the right amount of sparkle to her look, although her hair partially veiled them.
#back #valentino #lili #bateman
2 months ago
By Polina Devitt, Tom Daly and Pratima Desai
LONDON, July 30 (Reuters) - Senior base metals traders are being lured to new jobs as demand for their expertise rises amid supply-chain disruptions and soaring investment in metals-intensive data centres, sources with knowledge of the matter said.
Banks are seeing turnover among base metals traders as hedge funds and trading houses step up hiring to expand their commodities teams, the sources said.
"The market for base metals and commodities talent is hot right now," one source said, adding that aluminium and copper traders were "very much in play".
Disruption to aluminium shipments through the Strait of Hormuz and uncertainty surrounding U.S. President Donald Trump's potential copper import tariffs have increased demand for experienced traders. Copper consumption is also expected to rise as investment in data centres and electric vehicles accelerates.
#base #investment #data
LONDON, July 30 (Reuters) - Senior base metals traders are being lured to new jobs as demand for their expertise rises amid supply-chain disruptions and soaring investment in metals-intensive data centres, sources with knowledge of the matter said.
Banks are seeing turnover among base metals traders as hedge funds and trading houses step up hiring to expand their commodities teams, the sources said.
"The market for base metals and commodities talent is hot right now," one source said, adding that aluminium and copper traders were "very much in play".
Disruption to aluminium shipments through the Strait of Hormuz and uncertainty surrounding U.S. President Donald Trump's potential copper import tariffs have increased demand for experienced traders. Copper consumption is also expected to rise as investment in data centres and electric vehicles accelerates.
#base #investment #data
3 months ago
International Holding Company (IHC), based in Abu Dhabi, has proposed to invest $11.5bn (Dh42.23bn) in an integrated aluminium project in the Indian state of Odisha in partnership with Adani Group.
The planned investment will be made through a joint venture (JV), with both IHC and Adani Group holding equal stakes, as per the memorandum of understanding.
It is set to become the largest foreign investment in India's metals sector to date.
The JV will establish a facility comprising a refinery, smelter, captive power plant and aluminium manufacturing park.
This project is expected to create Odisha's largest aluminium complex, with a planned production capacity of four million tonnes per annum (mtpa) of alumina, 2mtpa of aluminium and 1mtpa of downstream aluminium products.
The planned investment will be made through a joint venture (JV), with both IHC and Adani Group holding equal stakes, as per the memorandum of understanding.
It is set to become the largest foreign investment in India's metals sector to date.
The JV will establish a facility comprising a refinery, smelter, captive power plant and aluminium manufacturing park.
This project is expected to create Odisha's largest aluminium complex, with a planned production capacity of four million tonnes per annum (mtpa) of alumina, 2mtpa of aluminium and 1mtpa of downstream aluminium products.
3 months ago
We just covered the 10 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller. Alcoa (NYSE:AA) ranks #4 (see 5 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller).
Druckenmiller's Stake: $99,057,000
Alcoa (NYSE:AA) is in the spotlight amid rising aluminium prices due to the ongoing Middle East conflict. Recently, UBS upgraded the stock and increased its price target. The firm believes supply disruptions cause aluminium prices to remain higher, which ultimately bodes well for Alcoa.
UBS aid Alcoa's (NYSE:AA) valuation is attractive and highlighted its strong cash flow potential.
But the core thesis isn't just about aluminium prices. Alcoa (NYSE:AA) has several secular growth catalysts. Aluminium is used in transportation, electricity infrastructure, construction, packaging, consumer durables, and machinery. Estimates suggest aluminium demand was estimated to rise by about 39% from 2020 through 2030. In the transportation sector, demand was estimated to jump a whopping 59%, thanks to the EV boom.
Druckenmiller's Stake: $99,057,000
Alcoa (NYSE:AA) is in the spotlight amid rising aluminium prices due to the ongoing Middle East conflict. Recently, UBS upgraded the stock and increased its price target. The firm believes supply disruptions cause aluminium prices to remain higher, which ultimately bodes well for Alcoa.
UBS aid Alcoa's (NYSE:AA) valuation is attractive and highlighted its strong cash flow potential.
But the core thesis isn't just about aluminium prices. Alcoa (NYSE:AA) has several secular growth catalysts. Aluminium is used in transportation, electricity infrastructure, construction, packaging, consumer durables, and machinery. Estimates suggest aluminium demand was estimated to rise by about 39% from 2020 through 2030. In the transportation sector, demand was estimated to jump a whopping 59%, thanks to the EV boom.
