Industry News

Hindalco acquires Norsk Hydro's Kuppam extrusion plant

Views : 107
Update time : 2021-12-23 18:05:48
Norsk Hydro has agreed to sell its Kuppam aluminum extrusion plant to Hindalco for US$33 million, according to the announcement from both companies. This sale was expected to be closed early next year.

The Kuppam extrusion plant is located in Andhra Pradesh, with an annual production capacity of 15,000 tons of aluminum extrusions, which are widely used in the automobile, building, industrial, and construction sectors.

Hindalco said that the acquisition will help expand its market share in rapidly growing South India.
Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics