Novelis is investing heavily in its aluminum sheet for the automotive industry.Atlanta aluminum giant Novelis Inc. has extended its reach in Asia with an agreement to buy Aleris Corp., a Cleveland-based competitor, for $2.6 billion. Upon closing in sometime in 2019, the company will be folded into Novelis to create a $15 billion aluminum conglomerate, still headquartered in Atlanta, where Novelis’ Indian parent company, Aditya Birla Group, has already poured more than $2 billion in expansion capital in recent years. Aleris was attractive in large part because it offered greater international and product diversification for Novelis, which has vying to become a preferred supplier to auto makers looking to use aluminum over steel when possible to reduce weight in their cars. Novelis also a major player in beverage cans and other segments. Novelis President and CEO Steve Fisher said Aleris, which has a strong aerospace presence, was poised … [Read more...] about Novelis Extends Asia Reach With $2.6B Aluminum Deal
Asia
Southeast Asia Packaging Leader Thai Containers Group to Deliver Breakthrough Solutions in Corrugated with the Region’s First EFI Nozomi Inkjet Press
FREMONT, Calif., July 25, 2018 (GLOBE NEWSWIRE) -- Electronics For Imaging, Inc. (Nasdaq:EFII) and Thai Containers Group Co., Ltd. (TCG) in Packaging Business SCG, announced a new digital printing partnership to significantly enhance TCG’s corrugated packaging offerings. The Bangkok-based SCG Group (SET:SCC) subsidiary – one of Southeast Asia’s leading packaging providers – has purchased an EFI™ Nozomi C18000 ultra-high-speed, single-pass digital inkjet corrugated packaging press. /EIN News/ -- The press will be the first EFI Nozomi installation in Asia and will make TCG a regional leader in full-scale, inkjet corrugated production using one of the only digital systems in the world capable of printing up to 10,000 boards per hour. EFI – the world’s leading developer of industrial LED inkjet production devices – created an innovative, single-pass, piezo grayscale inkjet writing system for the Nozomi C18000 to deliver accurate, … [Read more...] about Southeast Asia Packaging Leader Thai Containers Group to Deliver Breakthrough Solutions in Corrugated with the Region’s First EFI Nozomi Inkjet Press
Asia stocks track Wall Street rise, U.S.-EU meet keeps trade in focus
By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China's government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents.With the trade spotlight now swinging to Europe, spreadbetters expected the region's stocks to open lower, with Britain's FTSE <.FTSE> dipping 0.15 percent, Germany's DAX <.GDAXI> losing 0.3 percent and France's CAC <.FCHI> shedding 0.15 percent.MSCI's broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> gained 0.2 percent.The index extended the previous day's gains made after China said it will adopt a more vigorous fiscal policy to cushion the impact of external uncertainties. The Shanghai Composite Index <.SSEC> was little changed after brushing a one-month high. It has advanced roughly 3 percent so far this week. Hong Kong's Hang Seng <.HSI> climbed … [Read more...] about Asia stocks track Wall Street rise, U.S.-EU meet keeps trade in focus
Thailand first in Asia to eliminate mother-child HIV spread
Thailand (AP) – Thailand has become the first country in Asia to eliminate mother-to-child transmission of HIV and syphilis, the World Health Organization announced June 7. The milestone is another step in Thailand’s aggressive campaign to reduce new cases of the AIDS virus, but experts warn many other problems still exist – including a rising rate of new HIV infections among gay men and transgender people. The number of babies contracting HIV dropped from more than 3,000 in the late 1990s to 86 in 2015, a figure that was validated to meet WHO’s criteria for elimination — mother-to-child transmission rates of less than 2 percent and fewer than 50 new infections in 100,000 births. Cuba became the first country to reach the goal last year. Along with Thailand, Belarus eliminated the mother-to-child spread of HIV and syphilis, Armenia did for HIV and Moldova did for syphilis, the WHO announced June 7. Globally, 220,000 new cases of HIV were recorded … [Read more...] about Thailand first in Asia to eliminate mother-child HIV spread
Macau takes in 533 dogs after Asia’s only legal race track shuts
BEIJING — Macau authorities took in more than 500 greyhounds abandoned following the closure Saturday of Asia’s only legal dog-racing track. The former Portuguese territory has been the only place in China where dog racing is legal. However, betting on dog races at Macau’s Canidrome – a tradition of more than 50 years – soured after animal rights groups accused the stadium of mistreating the dogs and euthanizing ones that underperformed on the track. It was ordered closed on Saturday. Dog handlers escort the greyhounds walking at the track of the Yat Yuen Canidrome in Macau. Macau authorities took in more than 500 greyhounds abandoned following the closure of Asia's only legal dog-racing track on Saturday. Associated Press/Kin Cheung Search photos available for purchase: Photo Store → Macau’s government said the Canidrome faces legal measures under the Animal Protection Act for failing to move the dogs from their shuttered … [Read more...] about Macau takes in 533 dogs after Asia’s only legal race track shuts