Aluminium

Encore Wire Reports Fourth Quarter and Full Year 2021 Results

Retrieved on: 
Tuesday, February 15, 2022

Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2021.

Key Points: 
  • Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2021.
  • Copper unit volume, measured in pounds of copper contained in the wire sold, increased 3.9% in the fourth quarter of 2021 versus the fourth quarter of 2020.
  • Gross profit percentage for the fourth quarter of 2021 was 34.2% compared to 15.4% in the fourth quarter of 2020.
  • Net income for the fourth quarter of 2021 was $141.6 million versus $24.1 million in the fourth quarter of 2020.

TorQuest Partners Forms Continuation Vehicle to Support Continued Growth of Can Art

Retrieved on: 
Thursday, February 17, 2022

The TorQuest-managed continuation vehicle acquired a controlling interest in Ontario-based Can Art from TorQuest Partners Fund IV ("Torquest IV") and other shareholders.

Key Points: 
  • The TorQuest-managed continuation vehicle acquired a controlling interest in Ontario-based Can Art from TorQuest Partners Fund IV ("Torquest IV") and other shareholders.
  • The transaction was led by accounts managed by Hamilton Lane and included a consortium of institutional investors, including Torquest IV limited partners.
  • "TorQuest has been an amazing partner to Can Art and has been critical to the successful execution of our multi-year growth strategy," said Mr. Caputo.
  • Davis Polk & Wardwell and Torys served as legal counsel to TorQuest on the formation of the continuation vehicle.

SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme

Retrieved on: 
Monday, February 14, 2022

Thus, the board resolved to revise the director compensation scheme subject to approval of the General Meeting of Shareholders, and submit proposals concerning revision of the amount of director compensation in money as well as partial revision of the performance-linked stock compensation scheme.

Key Points: 
  • Thus, the board resolved to revise the director compensation scheme subject to approval of the General Meeting of Shareholders, and submit proposals concerning revision of the amount of director compensation in money as well as partial revision of the performance-linked stock compensation scheme.
  • Thus, we decided to revise the maximum amount of funds SDK will contribute to the trust, and strengthen the linkage to business results.
  • While we added Councilors to the scope of the Scheme at the board meeting on March 5, 2019, we will remove them this time following the revision of the Scheme.
  • The Scheme will terminate in the event of a stock exchange delisting of shares in SDK, an abolition of the Director Share Grant Regulations or other circumstances.)

SDK Announces 2021 Consolidated Financial Results

Retrieved on: 
Monday, February 14, 2022

TOKYO, Feb 14, 2022 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) today announced its 2021 consolidated financial results.

Key Points: 
  • TOKYO, Feb 14, 2022 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) today announced its 2021 consolidated financial results.
  • (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics.
  • The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products.
  • The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components.

DGAP-News: Nabaltec AG: Nabaltec places loan against borrower's note of EUR 90.0 million

Retrieved on: 
Tuesday, February 15, 2022

Schwandorf, 15 February 2022 - Nabaltec AG has successfully issued a loan against borrower's note with a volume of EUR 90.0 million and a value date of April 2022.

Key Points: 
  • Schwandorf, 15 February 2022 - Nabaltec AG has successfully issued a loan against borrower's note with a volume of EUR 90.0 million and a value date of April 2022.
  • The proceeds from the issue will be used to refinance existing loans against borrower's notes in the amount of EUR 39.0 million and a bilateral bank loan in the amount of EUR 20.0 million, due in April 2022.
  • The loan against borrower's note was placed without broad marketing as part of a private placement with the participation of five investors.
  • On the strength of its specialty products, the company strives to attain the market leadership in each segment.

As MAF’s oldest serving Caravan retires, Wings of Love departs Canada to take on its legacy in Angola

Retrieved on: 
Monday, February 14, 2022

During its lifetime, it safely completed over 17,000 flights, many to support remote communities, transport medical staff and demining agencies in the country.

Key Points: 
  • During its lifetime, it safely completed over 17,000 flights, many to support remote communities, transport medical staff and demining agencies in the country.
  • The anticipated flight path will take the plane from Gander > The Azores > The Canary Islands > Togo > and finally, Lubango, Angola.
  • With this new aircraft, MAF will have a continued legacy of using a Caravan to serve the people in Angola.
  • Visit the MAF Canada Facebook or Instagram pages (@MAFCanada) in the coming days as we follow Wings of Love on its voyage to Angola.

Worldwide Bifold Doors Industry to 2027 - Featuring AG Millworks, Andersen and Marvin Lumber Among Others - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 15, 2022

These insights are included in the report as a major market contributor

Key Points: 
  • These insights are included in the report as a major market contributor
    Bifold doors are foldable doors that open and close by sliding and folding in sections.
  • Bifold doors are manufactured using durable materials, such as wood, glass, vinyl, fiberglass, unplasticized polyvinyl chloride (uPVC) and aluminum.
  • Bifold doors also have minimal maintenance requirements and are cost-effective and environmentally friendly.
  • What is the structure of the global bifold doors market and who are the key players?

Polestar 5 to be Faster, Lighter and More Dynamic Thanks to Brand-New UK-Developed Bonded Aluminum Platform

Retrieved on: 
Tuesday, February 15, 2022

Polestar, the Swedish premium electric performance car maker, has confirmed that the forthcoming Polestar 5 electric performance 4-door GT will feature a brand-new, bespoke, bonded aluminum platform.

Key Points: 
  • Polestar, the Swedish premium electric performance car maker, has confirmed that the forthcoming Polestar 5 electric performance 4-door GT will feature a brand-new, bespoke, bonded aluminum platform.
  • The new bonded aluminum platform will also help drive faster product introduction, high quality and platform rigidity.
  • By further developing this technology for Polestars first in-house platform, the 4-door Polestar 5 is being designed with torsional rigidity superior to that of a traditional two-seat sports- or supercar.
  • This architecture delivers outstanding dynamic and safety attributes, with low investment technology applicable to high production volumes.

Clover Provides Corporate Update and 2022 Priorities

Retrieved on: 
Monday, February 14, 2022

2021 was a transformative year for Clover and we are proud of the progress we have achieved.

Key Points: 
  • 2021 was a transformative year for Clover and we are proud of the progress we have achieved.
  • Clover received feedback from the WHO in December 2021 following their GMP inspection of the Clover Changxing manufacturing facility.
  • In early 2022, Clover decided to utilize an established CDMO site familiar to the EMA and WHO regulatory authorities to support and advance its EMA submission.
  • This plan provides Clover with a second pathway to potentially receive WHO EUL, a strategic approach to help ensure Clover can launch its COVID-19 vaccine globally as soon as possible.

PyroGenesis Announces the Implementation of a NCIB

Retrieved on: 
Friday, February 11, 2022

Pursuant to the NCIB, PyroGenesis may purchase, from time to time, over a period of 12 months starting February 15, 2022 and ending February 14, 2023, up to 7,500,000 common shares (approx.

Key Points: 
  • Pursuant to the NCIB, PyroGenesis may purchase, from time to time, over a period of 12 months starting February 15, 2022 and ending February 14, 2023, up to 7,500,000 common shares (approx.
  • As of February 7, 2022, there were 170,125,795 common shares of PyroGenesis issued and outstanding.
  • All purchases made by the Company will be through Pollitt & Co. Inc. acting on behalf of the Company.
  • Of note, this NCIB is further to a previous NCIB that the Company had implemented.