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Al Etihad
4 days ago
- Al Etihad
EGA to deliver first-ever CelestiAL-R billets to leading Japanese manufacturer Sankyo Tateyama
14 Aug 2025 17:10 ABU DHABI (WAM) Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world's biggest 'premium aluminium' producer, on Thursday announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for architectural and industrial applications through our strategic partner ITOCHU is the world's first combination of aluminium produced with solar power and scrap metal, significantly reducing greenhouse gas introduction of CelestiAL-R billets allows EGA to meet further demand for low-carbon aluminium in extrusion and forging EGA only produced CelestiAL-R foundry alloys, which are ideal for re-melting for low-carbon aluminium is rising in Japan as industries seek to reduce their carbon footprint in line with national net-zero and ITOCHU supply aluminium ingot and billet to Sankyo Tateyama, and in 2024 started to supply CelestiAL, which is solar power-generated is able to produce CelestiAL-R to customer specifications due to the high quality of EGA's primary aluminium, the rigorous selection of scrap metal, and the flexibility of EGA's Executive Officer of Emirates Global Aluminium, Abdulnasser Bin Kalban, said, 'Our first production of CelestiAL-R billets is a step forward in expanding the portfolio of our most sustainable aluminium products. At EGA, we focus on innovation and flexibility in delivering the highest quality, low-carbon aluminium to meet specific customer needs. We value our long-standing partnership with Sankyo Tateyama and thank them for their continued trust in EGA.'President of Sankyo Tateyama, Shozo Hirano, said, 'Reducing Scope 3 CO2 emissions from aluminium raw material is a major challenge in achieving carbon neutrality. By using CelestiAL-R in addition to CelestiAL, which is supplied by our long-time partners EGA and ITOCHU Corporation, we aim to contribute to a sustainable and affluent life.'Scrap for CelestiAL-R is a mix of post-consumer and pre-consumer industrial scrap. All scrap arriving at EGA is tested against 40 different chemical and other property requirements.
Web Release
6 days ago
- Web Release
Nissan Formula E Team confirms Rowland and Nato for Season 12
Nissan Formula E Team is delighted to confirm that its driver line-up for the 2025/26 ABB FIA Formula E World Championship will remain unchanged, with Oliver Rowland and Norman Nato continuing to race with the team. Following a strong Season 11 which saw Nissan Formula E Team take third in the Teams' Championship, its best result since the Japanese automaker fully took over, the outfit is looking to continue its ascending trajectory next season. The team is maintaining a consistent line-up, thus allowing the drivers to build on the positive work completed both on and off-track during the 2024/25 campaign and to keep pushing together in the same direction. Current Formula E World Champion Oliver Rowland will continue with the team for a sixth season as part of a multi-year deal and after a superb campaign, which saw him secure the Drivers' Championship with three pole positions and seven podiums, including four victories. The British driver made his full-time series debut with the Japanese outfit in Season 5, which was also Nissan's first in Formula E, and raced with the team for three years. Returning ahead of Season 10, Rowland hit the ground running with a strong campaign, before earning his maiden world title in Season 11. Norman Nato, who tackles his third season with Nissan Formula E Team, will continue to race alongside Rowland. A race winner in the series, the French driver first joined the squad in Season 9, where he was a regular points scorer, also taking the team's first podium under full Nissan ownership in Rome. He returned after a year away to team up with Rowland, showing consistent speed on track and claiming pole position in Miami. Tommaso Volpe, managing director and team principal, Nissan Formula E Team: 'Following a very successful season, we've decided to maintain our driver line-up for Season 12. We're keen to consolidate our operations as we look to further improve on the work carried out both on and off-track since we took full control of our operations in the sport. I am sure that the stability and consistency that we've built with both Oli and Norman will help us continue our remarkable progression and fight for all three championships again next season.' Oliver Rowland, driver, Nissan Formula E Team: 'I'm thrilled to sign with Nissan Formula E Team on a multi-year deal, in what will be my sixth season with the squad. What we've managed to achieve following my return in 2023/24 has been remarkable. Since I came to Formula E, the team has felt like my home, and I have a high level of trust with them as well as plenty of support. The aim for Season 12 is to replicate and improve on what we did last campaign, but we know how hard we need to work in the off-season to achieve the best results possible.' Norman Nato, driver, Nissan Formula E Team: 'I'm delighted to continue with Nissan Formula E Team for another season as it was always the target to extend my stay here. It'll be my third campaign with the team and my second consecutive one, which gives me a lot of confidence moving forward. I still have plenty of areas to improve on, but I'm not starting from scratch this year so I can use factors I've learned in Season 11 to help me in the future. I'm sure Oli will perform at a very high level again and I'm positive that together we can fight for the Teams' Championship.'
Al Etihad
6 days ago
- Al Etihad
Most markets rise as China-US truce extended, inflation in focus
12 Aug 2025 11:48 Hong Kong (AFP)Asian markets mostly rose Tuesday, with Tokyo hitting a record, as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the release of key US inflation data later in the Trump's widely expected trade announcement avoids the reimposition of sky-high levies and allows officials from Washington and Beijing to continue talking into November to settle their an executive order, the White House reiterated its position that there are "large and persistent annual US goods trade deficits" and they "constitute an unusual and extraordinary threat to the national security and economy of the United States".With the president's tariffs set and talks with various trading partners ongoing, markets are now turning their focus back towards the possible economic outlook and the impact of Trump's trade up is the US consumer price index (CPI) later in the day, which could play a major role in the Federal Reserve's decision-making with regard to interest on a cut have ramped up in recent weeks owing to signs that the world's number one economy is showing signs of slowing, with figures indicating that the labour market softened considerably in the past three are for CPI to come slightly above June's reading, but analysts warned investors were walking a fine line with a forecast-topping print likely to dent rate cut hopes and a too-weak read stoking economic on the agenda this week are wholesale prices and retail sales, with the Fed's favoured gauge of inflation at the end of the month. Bank officials are then set to make their decision in the middle of are for a reduction at that gathering and one more before the end of the markets rally was led by Tokyo's Nikkei 225, which briefly soared almost three percent to hit a record high of 42,999.71 on renewed optimism over the Japanese economy after officials reached a deal to avert the worst of Trump's Sydney, Mumbai, Jakarta and Manila also advanced with London, Paris and Frankfurt. Seoul, Singapore and Wellington dropped. Stock Markets Continue full coverage
