Indian aluminium manufacturing company, Hindalco Industries Limited, announced setting up of 34,000mt aluminium extrusion plant at Silvassa to cater to the western and southern regions of India, said a company press release on Dec 7.
The Rs7.3bn ($98.8mn) project in Silvassa is aimed at reviving Hindalco’s long-term downstream investment plan and building a larger value-added product portfolio, the company said. Commercial production at the plant is expected to start in 24 months.
Silvassa plant will be fully automated plant with three extrusion presses enabling Hindalco to service premium customers in the building and construction, auto and transport, electrical, consumer and industrial goods sectors.
Hindalco’s existing extrusion plants in Renukoot in Uttar Pradesh and Alupuram in Kerala cater mainly to the auto, defence, aerospace and industrial segments, the company said.
Satish Pai, Managing Director, Hindalco Industries, said, “We are seeing a revival in the economy, with demand picking in the building and construction and automotive sectors. Over the next few years, as part of our downstream strategy, we intend to enhance our capacity from over 300,000mt to more than 600,000mt with investments of around Rs70bn.”
Hindalco, a flagship company of Aditya Birla Group, is an aluminium rolling and recycling company, with 47 manufacturing units across 10 countries. The company expects the aluminium extrusion market in India to grow from the current level of around 373,000mt to about 850,000mt by 2030. The western and southern regions of the domestic market account for over 60pc of the extrusion market.