Gränges predicts poor demand for HVAC in short term
The third quarter already showed an HVAC market weakened considerably due to falling consumer demand and destocking at manufacturers and distributors.
The third quarter already showed an HVAC market weakened considerably due to falling consumer demand and destocking at manufacturers and distributors.
Chief Operating Officer Ingrid Joerg will succeed Jean-Marc Germain as CEO
MetalX will maintain its headquarters in Fort Wayne and both companies will maintain their own independence and management, the companies said.
The Hydro/University of Michigan partnership links university research with Hydro's facilities to develop, test, and scale next-generation aluminum extrusion alloys.
The company again upwardly revised its full-year adjusted EBITDA outlook, expecting it to improve 20%-25% year over year.
The results show Hydro holding its operational footing even as profitability becomes harder to predict as margins swing sharply year over year, and even quarter to quarter.
A fire at a Novelis aluminum mill in September shook up domestic supply for automakers
Ford executives said the automaker expects aluminum supplier Novelis to restart its fire-damaged Oswego, NY hot mill by late November or early December.
MetalX's proposed $250 million aluminum recycling and slab-rolling plant in Ohio has been shelved, with the site now listed for sale confirming the project will not proceed.
Upgrades of transmission lines translates into new demand for Aluminum Core Steel Reenforced electric cable.