It's reported that Indian National Aluminium Company (Nalco) and Canadian firm Almex has talked to establish a joint venture in India.
The company planned to build an automotive aluminum production plant in the Anukul Aluminum Park in Orissa, India, with an investment of approximately 25 billion rupees.
The annual production capacity is expected to reach 60,000 tons, providing a stable source for India's aluminum industry downstream supply. The joint venture will concentrate on the production of automotive aluminum and special alloys in the aviation industry.
Indian Nalco will have a majority share in the joint venture.
India to establish aluminum joint venture
3 Apr 2018 13:22 reported by Sharon Hung
- A
- A
- A