The downstream segment of the aluminium industry holds a pivotal position in the processing and application of aluminium—a versatile and lightweight metal renowned for its diverse uses. This sector is instrumental in serving various industries including automotive, aerospace, construction, packaging, and electrical. The expansion of this sector is propelled by a combination of innovation, sustainability, and the growing need for lightweight, corrosion-resistant, and environmentally friendly materials in contemporary manufacturing.
This week, the global aluminium downstream segment witnessed a lot of important events. To begin with, Taural India, a leading integrated aluminium foundry on the global stage, is thrilled to unveil its strategic collaboration with Indian Railways, a pivotal moment in India's pursuit of self-sufficiency and technological progress. Jindal Aluminium, recognized as India's foremost aluminium extrusion company, has recently revealed the establishment of a new fabrication division. This division is dedicated to producing specialized aluminium products for the building and construction industry.
Taural India, a globally renowned integrated aluminium foundry, is excited to announce its partnership with Indian Railways, marking a significant milestone in India's journey toward self-sufficiency and technological advancement.
Jindal Aluminium, India’s largest aluminium extrusion company, has reportedly announced that it launched a new fabrication division to manufacture engineered aluminium products for the building and construction sector like interior and exterior architectural products, frameworks, windows and gates, appliances, furniture, exhibition displays, roofing and many more.
According to China customs data, China’s aluminium wheels exports amounted to 72,600 tonnes in December 2023, reflecting a month-on-month fall of 6 per cent but a year-on-year hike of 9 per cent. The total export volume through the year, thus, stood at 934,000 tonnes, up by 58,500 tonnes from the previous year.
The ongoing geopolitical conflict between Israel and Palestine has hit the aluminium factories in Palestine in terms of production and profits. Muhanad Nairoukh, manager of one of the three biggest aluminium factories in the occupied West Bank of Palestine, has reportedly told Al Jazeera that the industry is near a halt.
To know more: https://www.alcircle.com/news/israel-palestine-conflict-gradually-impairs-palestinian-aluminium-industry-105691
Malaysia-based LB Aluminium Bhd has put forward a notion to acquire a particular segment of freehold industrial land with constructions in Beranang, Selangor. The complete purchase might take RM30.41 million.
To know more: https://www.alcircle.com/news/lb-aluminium-pledges-rm30-41-million-for-an-industrial-land-acquisition-in-beranang-105686
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