Weekly End-user Recap: French Polynesia’s import of aluminium cans during 2018-20 displays gradual growth with a downfall; Sri Lanka’s largest cable manufacturer ‘Sierra Cables Group’ escalates all-time financial result in FY21

The week remained quite less hyper for the end-user segment, although small economies have shown better results than larger economies, as Sri Lanka’s largest cable manufacturer ‘Sierra Cables Group’ escalates all-time financial result in FY21 and on the other hand French Polynesia’s import of aluminium cans during 2018-20 displays gradual growth with a downfall.

Oman, a nation on the south-eastern coast of the Arabian Peninsula in Western Asia has recorded import of 7760 tonnes of aluminium foil during 2019-20 and the expenditure occurred for the import remained at $23.07 million.

To know more: https://www.alcircle.com/news/omans-import-of-aluminium-foil-during-2019-20-demonstrates-sharp-downfall-140-growth-predicted-for-2021-67717

The French overseas territory with significant political autonomy, French Polynesian has recorded import of 1426 tonnes of aluminium cans in 2018-19 and the expenditure occurred for the import accounted to $5.61 million. The import for 2020 stood at 596 tonnes and the expenditure remained at $2.51 million. However, when the import volume and expenditure of 2020 gets assorted with the existing two years, it denotes 2022 tonnes and $8.12 million respectively.

To know more: https://www.alcircle.com/news/french-polynesias-import-of-aluminium-cans-during-2018-20-displays-gradual-growth-with-a-downfall-67687

Sri Lanka’s largest and the most outstanding aluminium and copper cable manufacturer with footprints in international markets has recorded an escalation in all-time revenue generation of Rs. 5.2 billion, an upswing by 7% from the previous year.

To know more: https://www.alcircle.com/news/sri-lankas-largest-cable-manufacturer-sierra-cables-group-escalates-all-time-financial-result-in-fy21-67677

The commerce ministry of India has been recommended for the imposition of anti-subsidy duty on certain types of aluminium wires imported from Malaysia for five years. This is a movement focused on safeguarding the domestic players from imports that are subsidized in Malaysia.

To know more: https://www.alcircle.com/news/india-dgtr-recommends-imposing-of-anti-subsidy-duty-on-aluminium-wires-import-from-malaysia-for-five-years-67702

The navigation to shrink dependence on imported materials and technology, particularly from China, India is gearing to invest in a battery technology that uses aluminium rather than lithium as the crucial ingredient.

To know more: https://www.alcircle.com/news/push-to-reduce-chinese-dependency-india-gears-up-to-invest-in-aluminium-battery-technology-replacing-lithium-for-ev-67720