India Hindalco – Strong Q1/2010 and Expansion Projects Hindalco Industries Ltd., an Aditya Birla Group company, announced its unaudited financial results for the quarter ended June 30, 2010. Net sales at INR 5178 crore in Q1 FY11 were up 33 % over Q1 FY10, driven by higher volumes, better product/geographic mix and improved realisation.
USA Chris Ayers Elected Executive Vice President of Alcoa Alcoa´s Board of Directors has elected Chris L. Ayers an Executive Vice President of the Company. Additionally, Ayers has been named Chief Operating Officer for Alcoa’s Global Primary Products business, effective immediately.
Austria Franz Buxbaum New Head of RHI Division Raw Materials The world market leader in refractories, RHI AG, has recently assigned a management function: Franz Buxbaum (54) is named head of RHI’s Raw Materials Division, effective September 1, 2010. Buxbaum is, together with his team, responsible for the Group’s entire raw material activities. He has held various management positions within RHI AG since 1996.
Europe EIMRA Targets Separation Technologies for Sustainable Energy Systems A significant part of European membrane research is focused on the separation technologies required for clean and sustainable energy systems. To speed up current developments, five leading energy research centres have decided to consolidate and strengthen their collaboration in the field of membrane technology by signing a Memorandum of Understanding.
USA Boron Products LLC Awarded Contract for EPR Primary Coolant Additive Ceradyne Boron Products, LLC, a wholly owned subsidiary of Ceradyne, Inc., announced a contract award of approximately USD 8 million for the supply of B-10 Enriched Boric Acid to Electricité de France SA (EDF) for its first European Pressurized Reactor (EPR) presently under construction in France.
India Hindalco Unit Utkal Alumina Ties up Debt for Orissa Project Hindalco subsidiary Utkal Alumina International Limited has tied up INR 4906 crore debts from a group of banks for its refinery project in Orissa. As per report, Hindalco has successfully achieved the financial closure of UAIL with the signing of a common loan agreement of INR 4906 crore on July 28th 2010. This constitutes the entire debt requirement of the project.
China Alumina Capacity May Reach 40 Mt/a in 2010 China’s domestic alumina production capacity may reach around 40 Mt/a in 2010 as several expansion projects are completed this year, up from about 34 Mt/a in 2009. Actual alumina output in 2010 is now estimated at 30,8 Mt. Actual output in full-year 2009 was 23,83 Mt.
India SAIL Commissioned Ladle Furnace On August 22, Indian steelmaker Steel Authority of India Ltd. (SAIL) commissioned the second ladle furnace of the steel melting shop-II of its Rourkela steel plant, Orissa, India. Inaugurated by company chairman C.S. Verma and produced by Danieli India Limited, the 150-t ladle furnace is part of an INR 1,97 billion (USD 41,9 million) scheme for simultaneous blowing in basic oxygen furnace (BOF) converters of steel melting shop-II of the plant.
China PVA TePla Receives Order from Solar Industry PVA TePla AG, Wettenberg /DE, a leading systems manufacturer for the crystallization of silicon and of vacuum and high-temperature systems, has received an order from the China-based Tianwei New Energy Wafer Co. Ltd. to supply systems for the production of multicrystalline silicon ingots with an order value of around EUR 5 million. The order will be processed in 2010.
Austria Thomas Fahnemann has Resigned Thomas Fahnemann, chief executive officer of RHI AG, requested to the supervisory board to resign from his post for personal reasons, effective immediately.