Economy & Markets

Novelis Reports Strong Results for Third Quarter of Fiscal Year 2015

| Novelis today reported net income grew to $46 million for the third quarter of fiscal year 2015, up significantly from the $13 million reported in the third quarter of fiscal year 2014. Excluding certain tax-effected items in both periods, net income is $60 million for the third quarter of fiscal 2015, more than double the $23 million reported in the prior year period.

Umicore: More revenue, less earnings

| Revenues were 1% higher compared to 2013. Growth in Catalysis and Energy Materials offset lower revenues in Performance Materials and Recycling.

70 percent of shipbreaking takes place in India

| The NGO Shipbreaking Platform has released a complete list of all ship owners and their ships sold for breaking last year.

New Delamination Milling Machine

| Swissrtec has announced the production of its largest delamination mill to date.

Novelis invests in automotive scrap recycling

| Novelis has announced the completion of a $48 million investment in its automotive scrap aluminum recycling facility in Oswego, N.Y.

Battery collection in North America still growing

| North american consumer battery stewardship organization Call2Recycle increased its total weight of material collected in 2014 for an 18th consecutive year.

World crude steel output increases by 1.2% in 2014

| According to World Steel association, world crude steel production reached 1,662 million tonnes (Mt) for the year 2014, up by 1.2% compared to 2013.

New screen plant for more capacity

| Terex Minerals Processing Systems has expanded their CR Series portable plant line with the addition of the Terex Cedarapids CRS620S screen plant.

Erema on a course of expansion in the USA

| To date, customers of Erema North America (ENA) have had a trial centre already covering some 1,000 m² of floor space and three recycling systems for trials at their disposal at the company's North America base in Ipswich, Massachusetts.

Henri Vermeulen takes on ERPC chairmanship

| Mr Vermeulen is Vice President Paper for Recycling of the Smurfit Kappa Group and represents CEPI in the EPRC. His ERPC chairmanship began on 1 January 2015 and he will remain in this position until the end of 2016.

Metso to supply automation technology for waste-to-energy plant in Poland

| The facilities will be capable of incinerating approximately 680 tons of waste per day and approximately 220,000 tons per year.

N+P announces further co-operation with Dyckerhoff

| The company will expand her cooperation for the delivery of high quality Subcoal pellets with Dyckerhoff in Germany.

Hitachi Zosen Inova acquires HNP Kraftwerkstechnik GmbH

| The HNPK location in the Queis area of Landsberg (Sachsen-Anhalt) will be retained, and will continue operations as a subsidiary. The employment relationships with the around 50 members of staff will also be maintained unchanged by HZID.

Strengthening Trend EU steel market looks set to continue in 2015

| Eurofer foresees for 2015 continued but slow growth, although the outlook remains vulnerable to downside risks such as an escalation of the conflict in the Ukraine, slow growth in the emerging world and persisting weakness in France and Italy.