Daiki Aluminium Industry India, a 100-per cent subsidiary of Daiki Aluminium Industry of Japan, commenced work on an aluminium alloy recycling unit at Sri City with a ground-breaking ceremony.
After the foundation ceremony, Takaaki Yamamoto, President of Daiki Aluminium Industry, in the presence of Zhao Rong, Chairman, Delta Group of Industries, China, highlighted the green principles in production and said the aim was to use the latest technologies in pollution control measure adhering to the strict regulation of their parent plants in Japan. The plant, being built on a 20-acre plot in the Domestic Tariff Zone with an initial investment of Rs. 250 crore, is to be commissioned by February 2020. The plant will produce 84,000 tonnes of aluminium alloy ingots annually.
The company plans to export products to ASEAN and Japan for supply to automobile companies.
Daiki plans to cater to the demand in the country and expand the market sequentially. It will generate direct
employment for about 600 people, and 80 per cent of them will be women.
Established in 1922, Daiki Aluminium Industry based in Osaka, Japan, manufactures and markets aluminium alloy products globally.
With a production capacity of 80,000 tonnes a month, it is one of the largest aluminium companies in the world, with clients including Honda, Toyota, and Nissan.
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