RUSAL, the world's sixth largest aluminium company headquartered in Russia, and Indian Runaya Metsource signed an agreement on the establishment of a joint venture in India, the press office of the Russian company reports on Wednesday.
The plant will produce aluminum powders and pastes of a vast scope of application, including those for additive technologies and solar energy. The facility’s capacity will amount to about 10,000 tons of products per year. The production is scheduled to be launched in 2018. India, Southeast Asia and the Middle East are considered to be the main sales areas.
“The combination of a long-term experience of RUSAL in the field of aluminum powders and pastes, and the position of Runaya Metsource as the local player provides sustainable competitive advantages for the joint venture, as well as excellent position for entering the market”, — RUSAL’s director for new projects, Alexey Arnautov, said.