- Nalco Products in high demand in Ahmedabad Customers Meet
- India to Become the Second Largest Producer of Aluminium in the World : Nalco CMD
Ahmedabad: Nalco products were high in demand at the Ahemdabad Customer Meet, organised by the Central sector aluminium company in Gujarat on Thursday.
Addressing the Meet, the Nalco CMD TK Chand said that India is going to become the second largest producer of aluminium in the world in next 2-3 years.
The Meet was attended by large number of Nalco’s alumina and aluminiumm customers in Gujarat and nearby states. The customers of Nalco while reiterating their committed partnership with the organisation requested the CMD to open a stockyard in Ahmedabad. A film on Nalco’s products was screened at the Meet by regional manager(west)
Giving a glimpse of the world aluminium market, the CMD predicted that during the current fiscal 2019-20, aluminium and alumina market will remain steady without any abnormalities and will be driven by market fundamentals. He estimated that such market shall be beneficial for the aluminium industry as there will be incremental growth without stiff rise or fall in prices, which are injurious for the growth of the industry. Allaying the concern of the customers on fall of LME prices by 10% and price of alumina by nearly 20%, he informed that aluminium industry in India should aim at making aluminium affordable as affordability will bring scalability. Since Aluminium is a critical metal in the growth process and Indian economy is steadily growing, products of Aluminium in India will have enough space, he added.