In western and southern areas, the 100 million dollar factory will support the rapidly developing demand of extruded aluminum goods. Hindalco said that the Silvassa project marked a huge move forward as the firm rekindles its long-term downstream investment programme.
In the coming years, the company plans to develop a wider product range of value-added products. This investment reflects confidence in economic growth, with the downstream market for value-added goods growing in turn.
The fully automated plant consists of 3 extrusion presses and enables Hindalco to service premium customers in the manufacturing and construction sectors, the automotive industry and the transport industries, energy, consumer and industrial products.From the current level of around 3.73 lakh tons, the aluminum extrusion industry in Indian is forecast to increase to around 8.5 lakh tons by 2030. More than 60 percent of the extrusion sector is in the western and southern parts of the domestic market.
Pai also said that they will increase their capacity over the next few years from over 3 Lakh tonnes, with investment of 7 000 crore Rs, to more than 6 Lakh tonnes. In Renukoot, Uttar Pradesh, and Alupuram, Hindalco’s current extrusion plants are primarily in the fields of vehicles, defence, aerospace and industry.
The Silvassa plant will add an extra 34 000 tons of production focusing on building and renovation, which, aside from vehicles, transport and other segments, constitutes around 60 percent of the extrusion industry.
The plant is scheduled to commence commercial production in two years. Hindalco is a big player in copper in the world’s leading business for aluminum rolling and recovery. Its geographic presence includes 47 production units in 10 countries.