Simmal News
August 2010
24/08/2010
Demand for extruded aluminium.
European demand for extruded aluminium products was stable following a slight increase in the normally seasonally lower fourth quarter due to customer restocking. However, demand continues to be below levels achieved in 2007 and 2008 and is weak within the construction sector. An expected seasonal increase in demand in the North American market did not occur. However, demand increased from the weak first quarter of 2009 and the market appears to be stable following a long period of decline. Market demand in South America continued to be positive, mainly in Brazil. The overall outlook for the European and US extrusion markets is expected to improve across most markets during the second quarter with the exception of the construction segment.
20/08/2010
Breaking News
Simmal Ltd CEO John Simmons today announced significant additional investment in capital equipment over the coming months. This is a further show of Simmal’s long term strategic aim to be one of the major independent suppliers of machined aluminium extrusions in the UK, and underpins strong confidence both in the company’s long term finances and increasing market optimism. The investment is expected to both increase the portfolio of in house CNC machining capacity and see an overhaul of the current cad and cam facilities.
More details will be released after successful commissioning.
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