ALFED Monthly Board report - February 2024

Monthly Report February 2024

Contents •

Accounts

•

Member Updates/News

•

ALFED calls on government for stronger commitment to aluminium industry ahead of Spring Budget

•

ALFED consults with the Department for Business and Trade on supply chain disruptions in the Red Sea

•

With the recent Trade Remedies Authority changes to the anti-dumping duty for cast aluminium road wheels imported to the UK from China, ALFED offered its views on the impacts on the UK aluminium industry

•

New Sustainability Supplier Member

•

ALFED ESGc Course now live

•

Social Media and Website Statistics Update

Date: 06/03/2024 Time: 16:40:39

Page:

(ALFED) Aluminium Federation Ltd Aged Debtors Analysis (Summary)

Report Date: Include future transactions: Exclude later payments:

06/03/2024 No No

Customer From: Customer To:

1

ZZZZZZZZ

** NOTE: All report values are shown in Base Currency, unless otherwise indicated ** A/C

Name

Credit Limit

Turnover

Balance

Future

Current

Period 1

Period 2

Period 3

Older

3MU01 ACT01 AER01 AKZ01 ALC01 ALC15 ALE01 ALM01 ALT01 ALU02 ALU25 ALU26 ALVA01 AMA02 AMA03 ARC04 ARCON01 ARG01 ASP01 ATLAS01 AUT01 BAR01 BCWTRE01 BIYEN01 BKC01 BOA01 BRAD01 BRO05 CAN01 CARB01 CHEM01 CITY01 CMK01 COL01 COMMONF COUNTR01 DUP01 ELU01 ENV02 EUR07 FLEM01 FOU02 GAR04 GLA01 HAI01 HEA02 HEN01 HEN05 HER01 HIT01 HUL01 IMP03 IMP04 INA02 INT05 JEN01 JJBIO01 JONAS01 KEE01 KIN01 KLOECKNE KNO02 LBL01 LON04 NOV01 NVOLV01 OME01

3M UK plc Act Commodities B.V Materion UK Ltd AKZO Nobel Powder Coatings Ltd Arconic Manufacturing (GB) Ltd Aluxide Ltd Real Alloy UK Ltd Almetron Limited ALTEK Europe Ltd Aluminium Shapes Ltd Alubend Ltd Alutrade Alvance British Aluminium LimitedMetals Ltd Amari AMAG UK Limited Architectural & Metal SystemsUK UK Arconic Argentum Metal Management Aspect PowderLtd Coatings Ltd Atlas Copco Ltd Autotech Engineering R&D UK Ltd Chalu Ltd Barley BCW Treatments Ltd BIY Energy Ltd BKC Consulting Ltd Boal UK Ltd Brad-Chem Ltd Brompton Bicycle Ltd Canoports UK Ltd T/A Alideck Carbonchain.IO Ltd Chemtall Ltd City Metals Recycling Ltd CMK Treatments Ltd Coleshill Aluminium Ltd Commonfield Services Ltd Countrywide Metals Ltd Axalta Powder Coating Systems Ltd Elumatic Envirobuild Materials Lrd European Metal Recycling Ltd Fleming Software Ltd Foundrax Engineering ProductsAluminium Ltd Garner Extrusions Ltd Glasshouse Ltd The Hair Collective Brand Ltd Treatment 2000 ltd Heat Henkel Ltd Henkel Ltd Heraeus Noblelight Hitachi High-Tech Analytical Science HulaminLtd Rolled Products Impression Technologies Ltd Implexis Consulting Ltd INAL (2020) Ltd International Safety Components Ltd Jenks and Cattell Engineering JJ BioenergyLtd Ltd Jonas Metals Software Ltd Keen Ltd Kingspan Ltd Kloeckner Metals UK Knowledge Master Uk Ltd Tomburn Ltd London Metal exchange Novelis UK Ltd NVOLVE Group Ltd Omega Pistons Ltd

£ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £

2,950.00 600.00 1,500.00 3,830.00 1,065.00 1,500.00 28,110.00 3,830.00 6,724.00 299.00 1,500.00 3,830.00 17,700.00 29,625.00 1,500.00 3,830.00 18,100.00 1,500.00 2,565.00 600.00 3,830.00 5,690.00 2,380.00 2,600.00 1,500.00 7,830.00 1,500.00 5,950.00 1,500.00 850.00 5,097.00 3,830.00 3,445.00 3,934.50 600.00 3,830.00 3,830.00 1,500.00 1,500.00 0.00 1,500.00 1,500.00 2,950.00 1,500.00 600.00 2,380.00 880.00 1,500.00 600.00 600.00 2,950.00 2,380.00 600.00 2,380.00 2,950.00 1,500.00 600.00 3,044.13 17,700.00 2,950.00 2,950.00 600.00 3,445.00 5,950.00 18,100.00 600.00 1,500.00

3,540.00 600.00 1,800.00 4,596.00 1,278.00 600.00 32,454.00 4,596.00 3,540.00 7,552.80 1,800.00 4,596.00 21,240.00 -10,200.00 1,800.00 1,056.00 26,034.00 1,800.00 1,800.00 720.00 4,596.00 6,828.00 2,856.00 720.00 1,800.00 4,800.00 1,800.00 7,140.00 1,800.00 720.00 2,576.40 4,596.00 4,134.00 3,645.40 720.00 4,596.00 3,540.00 1,800.00 1,800.00 -237.60 1,800.00 1,800.00 3,540.00 1,800.00 720.00 2,856.00 880.00 1,800.00 720.00 720.00 3,540.00 2,856.00 720.00 2,856.00 3,540.00 1,800.00 720.00 2,100.00 21,240.00 3,540.00 3,540.00 720.00 3,974.40 3,600.00 21,720.00 720.00 1,800.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 7,254.00 0.00 0.00 358.80 0.00 0.00 0.00 900.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,694.00 0.00 0.00 0.00 4,800.00 0.00 3,600.00 0.00 0.00 2,576.40 0.00 0.00 105.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,600.00 0.00 0.00 0.00

3,540.00 600.00 1,800.00 4,596.00 1,278.00 0.00 25,200.00 4,596.00 3,540.00 0.00 1,800.00 4,596.00 21,240.00 -13,260.00 1,800.00 1,056.00 21,720.00 1,800.00 1,800.00 720.00 4,596.00 4,134.00 2,856.00 720.00 1,800.00 0.00 1,800.00 3,540.00 1,800.00 720.00 0.00 4,596.00 4,134.00 3,540.00 720.00 4,596.00 3,540.00 1,800.00 1,800.00 0.00 1,800.00 1,800.00 3,540.00 1,800.00 720.00 2,856.00 880.00 1,800.00 720.00 720.00 3,540.00 2,856.00 720.00 2,856.00 3,540.00 1,800.00 720.00 0.00 21,240.00 3,540.00 3,540.00 720.00 3,974.40 0.00 21,720.00 720.00 1,800.00

0.00 0.00 0.00 0.00 0.00 600.00 0.00 0.00 0.00 7,194.00 0.00 0.00 0.00 2,160.00 0.00 0.00 4,314.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -237.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Date: 06/03/2024 Time: 16:40:39

Page:

(ALFED) Aluminium Federation Ltd Aged Debtors Analysis (Summary)

2

A/C

Name

Credit Limit

Turnover

Balance

Future

Current

Period 1

Period 2

Period 3

Older

PRE03 PRE05 PRI02 PROFESS QU01 ROBO01 ROT01 SAP04 SCANMETA SKF01 SMART01 SMI03 SNE01 SUR04 TAN01 TEC03 THE02 TOM02 ULT02 VAL01 VER02 WIL03

PreTreat Ltd Pre-treatment Solutions Ltd Primetals Technologies Ltd Professional Polishing ServicesBusiness Media Ltd Quartz HowToRobot.Com - Gain & Co UK Ltd Rotech Laboratories Ltd Hydro Building Systems UK Limited ScanMetals UK Ltd SKF (UK) Ltd Smart Systems Ltd - Smart Architectural Smiths Metal Aluminium Centres Ltd Snelsons Limited Surface Finishing Engineering Ltd Tandom Metallurgical Co Limited Tecomet Thermserve Limited Tomra Sorting Ltd Ultromex Ltd Sherwin-Williams UK Ltd Vertik-Al Ltd William King Ltd

£ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £

2,380.00 2,380.00 2,950.00 600.00 3,249.00 600.00 1,500.00 3,830.00 3,830.00 2,950.00 3,830.00 219.25 2,380.00 600.00 9,820.00 2,950.00 2,500.00 2,380.00 600.00 3,830.00 3,445.00 3,830.00

1,800.00 1,800.00 5,124.00 720.00 3,898.80 720.00 1,800.00 3,540.00 1,056.00 3,540.00 4,596.00 223.10 2,856.00 720.00 3,540.00 3,540.00 1,200.00 1,800.00 720.00 4,596.00 4,134.00 3,540.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 223.10 0.00 0.00 0.00 0.00 1,200.00 0.00 0.00 0.00 0.00 0.00

1,800.00 1,800.00 3,540.00 720.00 3,898.80 720.00 1,800.00 3,540.00 1,056.00 3,540.00 4,596.00 0.00 2,856.00 720.00 3,540.00 3,540.00 0.00 1,800.00 720.00 4,596.00 4,134.00 3,540.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 1,584.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

337,216.88

322,519.30

0.00

27,311.70

277,493.20

16,368.00

1,584.00

-237.60

Totals:

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Aluminium Federation Ltd Management Accounts Profit & Loss to 31 December 2023

Trading Events Income Events Expenses

Budget to 31 Dec 23

Actual to 31 Dec 23 Variance

123,000 (138,000) (15,000)

169,876 (204,895) (35,019)

46,876 (66,895) (20,019)

House of Lords Lunch income House of Lords Lunch expenses

5,000 (7,000) (2,000)

2,757 (4,933) (2,176)

(2,243) 2,067 (176)

Technical course income Technical course expenses

16,000 (2,000) 14,000

12,421 (1,458) 10,963

(3,579) 542 (3,037)

Management course income Management course expenses

10,000 (7,500) 2,500

(1,595) (1,595)

(10,000) 5,905 (4,095)

-

15,883 (9,546) 6,337

15,883 (9,546) 6,337

Magazine Income Magazine expenses

9,500 (11,000) (1,500)

6,323 (17,283) (10,960)

(3,177) (6,283) (9,460)

ASA education fund income ASA education fund expenses

18,000 (18,000) -

18,000 (10,445) 7,555

7,555 7,555

500 (155) 345

250 (24) 226

(250) 131 (119)

(1,655)

(24,669)

(23,014)

409,256 40,409 27,190 25,000 12,356 3,145 5,000 1,500

409,043 46,471 27,191 29,399 11,533 3,145 720 4,026

(213) 6,062 1 4,399 (823) (4,280) 2,526

523,856

531,528

7,672

311,703 27,000 48,400 3,145 17,500 3,000 16,950 42,142 15,000 4,000 1,200 700 10,000 840 6,000 -

302,953 32,574 60,602 3,145 12,988 (1,720) 18,516 66,799 20,056 7,000 7,560 5,601 608 300 8,238 990 2,154 1,882

(8,750) 5,574 12,202 (4,512) (4,720) 1,566 24,657 5,056 7,000 7,560 1,601 (592) (400) (1,762) 150 (3,846) 1,882

507,580

550,246

42,666

surplus/(deficit)

14,621

(43,387)

(58,008)

Exceptional Items RBS pension costs

5,640

5,640

-

surplus/(deficit)

8,981

(49,027)

(58,008)

Erasmus grant income Erasmus expenses

Book sales Movement

Income Subscriptions / Membership Sector group income Secretarial New membership CCL Admin Fee (Energy cluster) CCL EA fees recharged Sundry income/consultancy Bank int on deposits

Expenditure Staff costs Travel & meeting attendence Office Overheads Climate change Lobbying, promotional & education Other events Storage, subscriptions & insurance Professional & accountancy fees Exhibitions CRU Report Strategic planning consultancy Miscellaneous Bank charges Exchange gains/losses Bad debts Dilapidations Depreciation Loss on disposal of assets

Notes See additional breakdown

Received in year Consultancy costs

Ambassador programme plus remainder of ASA education fund Bloodhound cost

New members & increases

Staff changes & Prova costs Travel costs Includes new office & moving costs Meeting costs below budget to date Credit note from St James Court for 2022 Storage unit IP Action, legal advice Event admin & UK Expo costs Clare Saunders strategic planning TAF awards, gifts & flowers, debt collection

Integ, Levolux, Multimetals, Rimstock, UCR

Assets in old office sold

Aluminium Federation Ltd Management Accounts Profit & Loss to 31 December 2023

Events Analysis Budget to 31 Dec 23 Annual Dinner income Annual Dinner Expenses

Social Events income Social Events Expenses

Sector Group Forum income Sector Group Forum Expenses

Sustainability Event income Sustainability Event Expenses

Cyber Forum income Cyber Forum Expenses

Total Events Income Total Events Expenses

Actual to 31 Dec 23

Notes

90,000 (90,000) -

120,729 (113,639) 7,090

33,000 (33,000) -

18,226 (34,448) (16,222)

-

13,989 (19,076) (5,087)

(15,000) (15,000)

12,432 (35,318) (22,886)

-

4,500 (2,414) 2,086

123,000 (138,000) (15,000)

169,876 (204,895) (35,019)

-

-

Sponsorship & tickets £4,500 is learning programme

Aluminium Federation Limited Management Accounts Balance Sheet as at 31st December 2023 Notes Fixed assets

£

Computer equipment Diane De Gabies Statue

2,767 12,000

£

14,767 Current assets Stock Trade debtors Prepayments & accrued income Rent deposit Deferred taxation VAT Cash at bank Alfed Other

2,628 44,174 16,944 6,745 245 20,588

Cessation of lease in progress

141,239 46,727

Q'Coat & Q'nod funds 187,966 279,290

Current liabilities Trade creditors Deferred income PAYE Accruals Inter company Dilapidation Provision

7,733 43,452 7,326 5,760 46,727 4,000

Balances held by Alfed for Q'Coat & Q'Nod

114,998 Net current assets

164,292

Total assets less current liabilities

179,059

Capital & reserves Brought forward Revaluation reserve Surplus/(Deficit) for the period

218,366 9,720 (49,027)

Statue

179,059

-

Aluminium Federation Ltd Management Accounts Profit & Loss to 31 January 2024 Budget to 31 Jan 24

Actual to 31 Jan 24

Variance

146,000 (159,000) (13,000)

-

-

-

House of Lords Lunch income House of Lords Lunch expenses

5,000 (6,000) (1,000)

-

-

-

Technical course income Technical course expenses

12,000 (2,000) 10,000

-

-

-

Erasmus grant income Erasmus expenses

295 295

295 295

295 295

-

Magazine Income Magazine expenses

12,000 (12,000) -

1,000 (1,000) -

590 590

(410) 1,000 590

100 (50) 50

8 (4) 4

75 75

67 4 71

(3,655)

299

960

661

425,940 50,104 29,200 30,000 12,320 3,145 5,000 1,500

35,495 4,175 2,433 2,500 1,027 262 417 125

35,801 4,323 2,425 521 1,027 231 250 -

306 148 (8) (1,979) 0 (31) (417) 250 (125)

557,209

46,434

44,578

(1,856)

338,582 8,500 40,000 43,540 3,145 12,500 18,674 39,000 20,000 5,000 4,500 1,000 600 8,000 1,250

28,215 2,583 3,083 3,628 262 1,042 1,556 3,250 1,667 417 375 83 50 667 104

24,490 3,083 1,450 5,352 231 508 1,570 2,851 91 26 91

(3,725) 500 (1,633) 1,724 (31) (534) 14 (399) (1,667) (417) (284) (57) (50) (667) (13)

544,291

46,983

39,743

(7,240)

surplus/(deficit)

9,263

(249)

5,795

6,044

Exceptional Items RBS pension costs

5,640

470

470

-

surplus/(deficit)

3,623

(719)

5,325

6,044

Trading Events Income Events Expenses

Book sales Movement

Income Subscriptions / Membership Sector group income Secretarial New membership CCL Admin Fee (Energy cluster) CCL EA fees recharged Sundry income/consultancy Enhanced Member Listing on ALFED Website Bank int on deposits

Expenditure Staff costs Prova & Statistics & data collection Travel & meeting attendence Office Overheads Climate change Lobbying, promotional & education Storage, subscriptions & insurance Professional & accountancy fees Data Collection Analysis Strategic planning cons Miscellaneous Bank charges Exchange gains/losses Bad debts Depreciation

Budget 2024

Notes See additional breakdown

final balance received

Prova ceases March 24 old office costs

Aluminium Federation Limited Management Accounts Balance Sheet as at 31st January 2024 Notes Fixed assets

£

Computer equipment Diane De Gabies Statue

2,676 12,000

£

14,676 Current assets Stock Trade debtors Prepayments & accrued income De Vere Beaumont Deposit Rent deposit Deferred taxation Cash at bank Alfed Other

2,628 639,645 32,180 40,000 6,745 245

Early in year

Cessation of lease in progress

144,775 5,865

Q'Coat & Q'nod funds 150,640 872,083

Current liabilities Trade creditors Deferred income PAYE Accruals Inter company Dilapidation Provision VAT

23,565 563,565 6,619 8,751 5,865 4,000 90,010

Early in year

Balances held by Alfed for Q'Coat & Q'Nod

702,375 Net current assets

169,708

Total assets less current liabilities

184,384

Capital & reserves Brought forward Revaluation reserve Surplus/(Deficit) for the period

169,339 9,720 5,325

Statue

184,384

-

Member Updates/News All member updates including press releases submitted by members and news are shared regularly via the ALFED website and in the weekly ‘Member Update’ email that is sent to all members.

Updates and news shared throughout February include: • •

Reasons Why Hairdressers Use Aluminium Foil That You Need to Know https://alfed.org.uk/reasons-why-hairdressers-use-aluminium-foil-that-you-need-toknow/

• •

Member News: Look to the Future this Aluminium Day! https://alfed.org.uk/member-news-look-to-the-future-this-aluminium-day/

• •

Member News: Alupro to sponsor Letsrecycle Communications Conference https://alfed.org.uk/alupro-to-sponsor-letsrecycle-communications-conference/

• •

Measuring the Health and Safety Culture of the Aluminium Industry https://alfed.org.uk/measuring-the-health-and-safety-culture-of-the-aluminiumindustry/

• •

Q&A with ALFED President, Mark Allen https://alfed.org.uk/qa-with-alfed-president-mark-allen/

• •

Barry Salisbury appointed Managing Director at Hydro Wrexham https://alfed.org.uk/barry-salisbury-appointed-managing-director-at-hydrowrexham/

• •

ALFED Becomes Association Partner of the 2024 Women with Metal Conference https://alfed.org.uk/alfed-becomes-association-partner-of-the-2024-women-withmetal-conference/

•

Member News: TWI Investigate Joining and Recycling for Electric Vehicle Battery Packs https://alfed.org.uk/member-news-twi-investigate-joining-and-recycling-for-electricvehicle-battery-packs/

•

• •

• •

Changes to the Compensation for ETS and CPS mechanism and what this means for the UK aluminium industry https://alfed.org.uk/changes-to-the-compensation-for-ets-and-cps-mechanism-andwhat-this-means-for-the-uk-aluminium-industry/ Member News: RiA Cast House Invest in Installing their First Rail Mounted Furnace Charging and Skimming Machines of 2024 https://alfed.org.uk/member-news-ria-cast-house-invest-in-installing-their-first-railmounted-furnace-charging-and-skimming-machines-of-2024/

• •

Tesco introduces the UK’s Inaugural Tubeless Kitchen Foil https://alfed.org.uk/tesco-introduces-the-uks-inaugural-tubeless-kitchen-foil/

• •

Member News: How Alutrade Has Cleaned Up Used Beverage Can Recycling https://alfed.org.uk/member-news-how-alutrade-has-cleaned-up-used-beveragecan-recycling/

•

Member News: Industrial Physics announces appointment of Michael Jacobsen to Global Vice President of Operations and Supply Chain https://alfed.org.uk/industrial-physics-announces-appointment-of-michael-jacobsento-global-vice-president-of-operations-and-supply-chain/

•

• •

ALFED are Proud to Become Association Partners of ALUMINIUM 2024 https://alfed.org.uk/alfed-are-proud-to-become-association-partners-of-aluminium2024/

• •

VERTIK-AL Celebrates 25 Years as Qualicoat Approved Coating Applicator https://alfed.org.uk/vertik-al-celebrates-25-years-as-qualicoat-approved-coatingapplicator/

ALFED calls on government for stronger commitment to aluminium industry ahead of Spring Budget As a key ingredient for clean technologies like electric vehicles and renewable energy generation, aluminium is vital for the global transition to net zero. Despite the economic outlook for global aluminium for its use in a green economy being strong, domestically the industry finds itself at a pivotal juncture. In recent years, UK aluminium has encountered significant challenges which limits its competitiveness within international markets: namely volatile energy prices and supply chain disruptions aggravated by global conflict, uneven trade policies and increasingly stringent carbon emissions requirements, all compounding to put the UK industry in a difficult situation.

Generally, there has been a real lack of government support for UK aluminium. Indeed, last year’s Autumn Statement announced £4.5 billion funding for British manufacturing to boost investment across eight sectors, including automotive, aerospace and clean energy – all of which rely on a strong UK aluminium supply chain. However, while certainly a welcome measure and a boon for the industry, it comes as too little too late, and we need to see further and stronger mechanisms put in place to protect the resilience and longevity of an industry worth almost £8 Billion of GVA to the UK economy.

Ahead of the Spring Statement, we’re calling on the government to take proactive measures aimed at both fortifying and invigorating the UK aluminium sector. Practically, these should come in the form of instruments designed to stimulate private investments and onshore manufacture to the UK, enabling us to bolster the industry’s resilience during a difficult economic climate and enhance its competitiveness on the international stage.

ALFED calls on government for stronger commitment to aluminium industry ahead of Spring Budget - The Aluminium Federation Moreover, we’re advocating for a recalibration of the regulatory frameworks governing the pricing of carbon. Late last, year the UK’s carbon price fell to an all-time low, both casting a shadow on the UK’s commitments to net zero and compromising our ability to engage in trade with Europe through the Carbon Border Adjustment Mechanism (CBAM). By introducing more stringent carbon pricing regulation and creating levers for raising carbon prices, we can foster a more equitable international trading environment, prevent carbon leakage and advance the climate objectives of the industry.

In addition to addressing economic challenges, it is imperative to confront issues pertaining to unfair trade practices head-on and advocate for a level playing field in international trade agreements. By safeguarding the UK aluminium industry, we can not only protect thousands of jobs and businesses but also strengthen our nation’s industrial base and contribute to economic growth and prosperity.

Without decisive government intervention, the UK aluminium supply chain remains vulnerable to unfair competition and trade tensions – amidst the backdrop of fluctuating legislative landscapes and supply chain disruptions, maintaining clear and consistent lines of communication with the government is paramount. We stand ready to collaborate with

policymakers to develop and implement effective strategies that will secure the future of UK aluminium.

The Spring Budget presents an opportunity for the UK government to demonstrate its commitment to supporting domestic industry. By allocating resources and enacting policies conducive to the prosperity of UK aluminium, the government can lay the foundation for a resilient and thriving economy that will endure for generations to come.

ALFED consults with the Department for Business and Trade on supply chain disruptions in the Red Sea With Houthi rebels continuing to attack UK freighters in red sea, ALFED consulted with the DBT to provide feedback from the UK aluminium industry on how disruptions to the supply chain are affecting the sector. Thoughts below from Tom Jones, CEO, ALFED. “The rising cost to ship goods across the Red Sea is placing a new strain on the UK aluminium sector. With sea freight companies forced to either divert container routes or else face higher shipping insurance rates, these costs are then passed along to aluminium production and manufacture. We’ve even seen an uptick in hardline behaviour from some shipping companies who demand higher charges once containers are already loaded onto vessels, which damages supplier relations and adds an additional logistical challenge to importing raw materials and goods.”

“Alongside the direct financial impacts, we’re also seeing extended delivery times and in worse-case scenarios the full displacement of goods. One of the largest challenges the industry is facing is that of unknown variables – we don’t know how long this conflict will last, how far it will escalate, or if we’re likely to encounter additional disruptions elsewhere.

Aluminium is an industry with extremely complex supply chains and a lot of moving parts, so these unknown factors present significant planning and strategic roadblocks.”

“The blow to finances and operations are severely dampening growth in a sector already afflicted by a shaky global economic climate and with limited support from the UK government.”

ALFED consults with the Department for Business and Trade on supply chain disruptions in the Red Sea - The Aluminium Federation One ALFED member confirmed this sentiment, commenting: “Since Brexit, UK aluminium manufacturing has continued to move backwards and, as a result, has very little national resilience.” On the Houthi conflict, they continued: “We do not expect any support from the

government. Historically, the aluminium industry has been on its own and left to manage whatever the world throws at us. Over the last 4-5 years we have learned the hard way the true meaning of resilience.”

Tom concluded with a call on the UK government to do more to protect the industry: “The future of UK aluminium is at a critical juncture, and we need government support to be able to stay relevant and competitive on the international stage. Recent conflict in the Red Sea only serves to highlight the acute lack of resilience that we as an industry have against global supply chain disruptions. ALFED calls on policymakers to take the voice of the aluminium industry more seriously in discussions of international trade, and work with member organisations like ALFED to find solutions which benefit the industry, wider supply chains, and the UK economy as a whole.”

With the recent Trade Remedies Authority changes to the anti-dumping duty for cast aluminium road wheels imported to the UK from China, ALFED offered its views on the impacts on the UK aluminium industry In December, the Department for Business and Trade and the Department for International Trade announced that anti-dumping duties for cast aluminium road wheels imported into the UK from China would be scrapped, while duties for forged aluminium wheels would remain at 22.3%.

Dumping is the process of introducing a product into another country’s commerce at less than its normal value. It occurs when a company exports goods to another country at prices lower than their normal value or lower than the cost of production, often with the intention of gaining a competitive advantage or driving domestic producers out of business. Antidumping measures can be imposed if dumping is found to be occurring, especially if it causes material injury to a domestic industry.

The Aluminium Federation’s Tom Jones weighs in on changes to the UK’s anti-dumping policy - The Aluminium Federation At ALFED, we recognise the requirement for increased regulation to protect the aluminium supply chain from international dumping and the unfair manipulation of the commercial value of a product. It’s disappointing, then, that the Trade Remedies Authority has decided to limit anti-dumping duties to forged aluminium wheels only. The UK has a healthy cast aluminium market, and the scrapping of duties from Chinese exports will likely invite manufacturers in China to undercut domestic prices and dampen UK competitiveness.

Without clear measures to strengthen UK manufacture, the aluminium supply chain in this country could face further unfair competition and trade tensions. In a landscape of evolving UK and EU carbon regulations, supply chain disruptions originating from conflict in the Red Sea, and a generally weak economic climate, the industry needs clear and consistent measures from the government, partnered with open lines of communication with the Departments for Business and Trade, and International Trade.

The Aluminium Federation’s Tom Jones weighs in on changes to the UK’s anti-dumping policy - The Aluminium Federation Failing to properly open a dialogue with the UK aluminium industry could result in job losses, economic instability, frustration, and most importantly a lack of international competitiveness.

If implemented correctly, however, increased anti-dumping measures can help maintain a level playing field for domestic aluminium producers, preserving jobs and economic stability within the industry. By preventing the manipulation of prices, anti-dumping regulations will also promote fair trade practices in the international market and discourage the import of under-priced aluminium, which encourages adherence to environmental and responsible production standards.

ALFED supports the supply chain’s requirement for wider anti-dumping measures to protect the domestic aluminium industry from unfair practices and maintain a sustainable supply chain. Open dialogue and cooperation with other nations is vital to achieve a mutually beneficial global trading environment for the aluminium industry and beyond.

ALFED are Pleased to Announce Mypower as New Sustainability Supplier Member Mypower designs and installs award winning commercial solar photovoltaic (PV) systems for businesses across the UK. Our clients benefit by generating their own energy at the equivalent rate of 4-5p/kWh, significantly lower than grid supplied electricity rates, whilst also reducing their impact on climate change.

Investment payback of 3-4 years is typically achieved prior to any additional Annual Investment Allowance benefit.

In 2020 we celebrated our 10th anniversary and in early 2023 achieved the milestone of installing our 100,000th panel. In 2022 Mypower was named ‘Solar PV Installer & Contractor of the Year’ at the National Energy Efficiency Awards.

ALFED members, Sherwood Stainless Steel & Aluminium Limited and Alutrade Limited have both significantly reduced their electricity costs and carbon footprint with Mypower installed solar PV. Speaking on their new sustainability supplier membership, Business Development Manager, Neil Stott Commented: “We were recommended to ALFED by our customer Michael Horan at Sherwood Stainless Steel & Aluminium. After discussion with the ALFED team we decided to join given the federation and its members’ focus on sustainability and the need for lowcost electricity within this high energy consumption industry. Mypower aims to share the benefits of solar PV, dispel some of the myths associated with the technology, and ultimately provide sound advice as to whether solar PV is right for a particular business or site”.

To find out more about Mypower, please visit: https://www.mypoweruk.com

ALFED ESGc Course now live The ESG-C Course is now live, with a special 2 for 1 offer for ALFED members!

Equip yourself to drive positive environmental, social, and ethical change in your business with the ESG-C Course. The course provides you with technical and legal knowledge about all the different aspects of ESG, with a special focus on carbon emissions and reporting.

The course is presented across three formats – articles, podcasts, and flashcards – and can be accessed at your own pace. Upon completing the course, you will become an ESG-C Officer registered with both the ESG-C Course and ALFED. Confronting an issue of particular relevance to the aluminium industry, the ESG-C Course provides an outline of the carbon and greenhouse gas emissions reporting processes for UK businesses.

The dedicated module, Carbon Emissions and Reporting, covers the following areas: • • • • •

Introduction to Carbon Emissions Measuring Emissions Legal Reporting Requirements Climate Actions for Businesses Carbon Offsetting

Within this module, special attention is paid to the introduction of Carbon Border Adjustment Mechanisms in the UK and EU. The ESG-C Course introduces what a CBAM is, who they apply to, and the timelines businesses must follow to become compliant. The course presents the most up-to-date information on the EU and UK CBAMs and will be updated according to developments in both mechanisms.

Completion of the course is achieved through an interview. Each candidate who completes the course will be included on the ALFED ESG-C register (if requested). They will be supplied with all the tools to fulfil a company’s ESG-C policy requirements.

The ALFED ESG-C course is £480pp + VAT. ALFED members can send two employees on the course for the price of one.

For further information, you can get in touch with the ESG-C Team by emailing info@esgcourse.co.uk or visiting their website: https://esgcourse.co.uk/

Social Media and Website Statistics Update At the Aluminium Federation (ALFED), we use social media as an important way of engaging with our members through not only informing them of the benefits, training and networking opportunities they have access to as part of their membership, but also to give them a platform to shout about the projects and events they are getting involved in.

The social media platforms we are active on are: - LinkedIn - Twitter - Instagram LinkedIn Visitor Highlights: • Page Views: 913 (+122.7%) • Unique Visitors: 441 (+137.1%) Follower Highlights: • Total Followers: 7,545 • New followers in the last 30 days: 220 (+61.8%) Post Highlights: • Reactions: 649 • Comments: 5 Twitter: • Tweet Impressions: 2,779 • Total Followers: 4,381 • New Followers: +14 Instagram: • Total Posts: 144 • Total Followers: 179 • Total People we are Following: 109

Website Stats: February 1st – March 1st 2024 Active Users: 1.9K New Users: 1.5K Website Views: 4.3K Engagement Rate: 56.45%