Daiki Aluminium Industry India, a 100% subsidiary of Daiki Aluminium Industry Co. Ltd. of Japan, commenced work on its new aluminium alloy recycling Sri City unit with a groundbreaking 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 expected to be commissioned by February 2020. The plant will produce aluminium alloy ingots at an annual capacity of 84,000 tonne. The company expects to export products to Asean and Japan for supply to automobile companies. Daiki plans to capture the demand requirements of aluminium alloy in the country and expand the market sequentially. It will generate direct employment for about 600 people, and 80% of them will be women.
Established in 1922, Daiki Aluminium Industry based in Osaka, Japan, manufactures and markets aluminium alloy products throughout the world. 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.