Hulamin's performance continues to improve
Order books in all operations for aluminium supplier Hulamin have continued to improve throughout the third quarter of the 2020 financial year, and are approaching “normal levels”, the company reported on October 14.
The company also confirmed that orders for beverage can products, heat-treated plat and extrusions are “particularly healthy”.
While debt increased by R337-million in the first half of the year and reached a debt:equity level of 27%, subsequent increases in production and sales activity has further increased pressure on working capital.
Nevertheless, Hulamin said on October 14 that its borrowing levels remain “well within facility limits”, with sufficient headroom available.
Up to the end of September, Hulamin recorded 497 positive Covid-19 tests. The company’s management teams have subsequently returned to on-site working arrangements on a full-time basis.
There has since been one new positive Covid-19 test result in October, and four employees remain quarantined.
Additionally, on October 8, the US Department of Commerce announced the preliminary outcome in the anti-dumping case instituted by the US Aluminium Association against 38 tolling operations from 18 countries.
These duties, which became immediately enforceable, range from 0% for Italy to 353% for Germany, Hulamin said in its statement.
The anti-dumping duty to be implemented for common alloy aluminium rolled products from South Africa is 8.9%.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
