Hulamin progresses capital investments, as domestic demand remains strong

Aluminium products manufacturer Hulamin says export pricing pressure and market challenges have eroded some of its earnings in the six months ended June 30.

The group’s normalised earnings before interest, taxes, depreciation and amortisation (Ebitda) decreased by 19% year-on-year to R343-million, with rolled product sales having been down 3% year-on-year, at 87 340 t.