Downstream weekly recap: Nissan stops making engine cylinder heads in Sunderland facility; Forging industry in Tamil Nadu is facing challenges due to rising material costs

Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. Nissan announced the closure of its Wearside cylinder head-making plant, which will disrupt employee statuses around the company, directly affecting 250 jobs. From 2024, the production line of cylinder heads made of cast iron or cast aluminium will be discontinued at the Sunderland facility due to the lapse of an agreement with the French car maker Renault. The forging industry in Tamil Nadu, India's most industrialised state, had been struggling as the cost of raw materials like aluminium, steel, and fuel rose. Despite a rise in demand, the industry still has to contend with higher prices and a lack of raw materials. China's total amount of aluminium billet stockpiles rose by 3,900 tonnes W-o-W on Thursday, August 24, to reach 120,200 tonnes. Except in Foshan, when the time of centralised shipments ended, the inventories decreased.

Nissan has announced the closure of its Wearside cylinder head-making plant, which will disrupt employee statuses around the company, directly affecting 250 jobs. From the year 2024, the production line of cylinder heads that are either made of cast iron or cast aluminium will be discontinued at the Sunderland facility due to the lapse of an agreement with the French car maker Renault.

To know more: https://www.alcircle.com/news/nissan-stops-making-engine-cylinder-heads-in-sunderland-facility-83368

The forging industry in India's largest industrialized state, Tamil Nadu, is encountering a challenging phase as the cost of production materials like aluminium and steel and fuel has soared. Despite a revival in demand, the industry faces higher expenses and difficulty obtaining raw materials.

To know more: https://www.alcircle.com/news/forging-industry-in-india-s-most-industrialized-state-is-facing-challenges-due-to-rising-material-costs-83345

On Thursday, August 25, China’s aluminium billet inventories increased by 3,900 tonnes W-o-W across four major consumption areas to settle at 120,200 tonnes. Except in Foshan, where the inventory dropped after the period of centralised shipments ended. Overall, the power restriction in Sichuan province, where the billet factors have been shut down, impacted the supply of aluminium liquid.

To know more: https://www.alcircle.com/news/aluminium-billet-inventories-in-china-elevate-by-3-900-tonnes-w-o-w-to-120-200-tonnes-83395

The United States imports of aluminium can body sheet hit the highest since at least 1998 in the second quarter of 2022 ended June 30, driven by a strong demand for beverage cans and increased mill investments in Asia targeting North American consumers.  

To know more: https://www.alcircle.com/news/increasing-demand-for-beverage-cans-leads-to-multiyear-high-us-aluminium-can-sheet-imports-in-2q2022-83363

OpenGate Capital, a private equity firm based in Los Angeles, California, masters in the art of complete acquisition projects and recently has signed an agreement with the founder of Extol for its ownership. The mother brand of Extol, Spanish firm MCH and Fernando Busto will give in to forming a European union focusing mainly on the aluminium extrusion sector.

To know more: https://www.alcircle.com/news/opengate-acquires-extol-forming-aluminium-solutions-group-for-eus-extrusion-market-8335

source https://www.alcircle.com/news/downstream-weekly-recap-nissan-stops-making-engine-cylinder-heads-in-sunderland-facility-forging-industry-in-tamil-nadu-is-facing-challenges-due-to-ri-83406