Daiki Aluminium Industry India, a wholly owned subsidiary of Japan-based Daiki Aluminium Industry Co. Ltd., has broken ground on a scrap-fed aluminum alloys plant in Sri City, India, near Chennai on India’s central east coast.
The facility is expected to be operational by early next year and when fully operational will have a capacity of 84,000 metric tons of aluminum ingot production per year.
According to Hindu Business Online, the facility will cost around $36.4 million and is being built on a 20-acre plot in a government Domestic Tariff Zone. Daiki says it expects the facility be commissioned by next February and to export recycled-content ingots to countries in Asia. In Japan and elsewhere, the ingots will be used in the automotive sector.
The report indicates raw material for the facility initially will come from India, though the scrap supply line could expand as the facility ramps up.
Daiki Aluminium, while based in Japan, also has invested in production facilities this decade in the Philippines, Indonesia
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Latest from Recycling Today
- MP Materials to collaborate with Apple on rare earth elements recycling
- ABTC awarded $1M by DOE for Argonne Laboratory partnership
- Ocean Conservancy report claims most states lagging in plastic pollution efforts
- LRS diverts 330,000 tons of recyclable material in 2024
- FlexCAR project takes modular approach to automotive design
- Graphic Packaging report highlights progress toward sustainability commitments
- Sonrai Systems prevails in lawsuit
- Beyond the Bag Initiative releases study on single-use bag laws
