EXTRUDED ALUMINUM PROFILES MARKET ANALYSIS

Key Developments

• In 2021, Vedanta Aluminium launched High-Speed Billets for the extrusion industry
• In 2022, Novelis, a leading producer of flat-rolled aluminum products, introduced a net-zero laboratory and started a partnership with HES-SO Valais-Wallis for the development of carbon-neutral solutions pertaining to aluminum manufacturing. With this, the companies will be able to spend on research on decarbonizing, with the aim to become carbon neutral by 2050.
• In 2020, Hindalco Industries Limited, an India-based aluminum and copper manufacturing company, opened a new manufacturing plant in Silvassa. This extrusion plant will produce a variety of extruded aluminum goods for the downstream market.
• In 2021, the Utkal-E coal block, a mining area, was granted to the National Aluminium Company Limited (NALCO) as a mining lease. This mining lease for the Utkal-E coal block spans 523.73 hectares in the villages of Nandichhod, Gopinathpur Jungle, KundajhariJungle, Kosala, and Korada in Angul District's Chendipada Tahasil in India. The Utkal-E coal block has an initial capacity of 2 million tonnes per year and a total mineable resource of 70 million tonnes.