Brief: Andhra Pradesh Economic Development Board Signs MoU With Daiki Aluminium Industry
06/12/2018 12:50
Dec 6 (Reuters) - Andhra Pradesh Economic Development Board:
* SIGNS MOU WITH DAIKI ALUMINIUM INDUSTRY
* DAIKI ALUMINIUM INDUSTRY TO INVEST $30 MILLION TO BUILD
ALUMINIUM ALLOY UNIT IN ANDHRA PRADHESH
* DAIKI ALUMINIUM INDUSTRY'S ALUMINIUM ALLOY UNIT WILL HAVE
A
CAPACITY OF 84,000 METRIC TONNES PER YEAR
* DAIKI ALUMINIUM INDUSTRY'S ALUMINIUM ALLOY UNIT WILL
GENERATE
DIRECT EMPLOYMENT OF 600
Source text: The Andhra Pradesh Economic Development Board
(APEDB) today signed a Memorandum of Understanding (MoU) with
Daiki Aluminium Industry.
Daiki Aluminium Industry would establish their recycled
aluminium manufacturing facility in Andhra Pradesh with an
investment of USD 30 million (INR 225 crores) to build an
aluminium alloy unit with a capacity of 84,000 metric tonnes per
year, which would generate direct employment of 600.
Further company coverage: 5702.T
((Reuters.Briefs@thomsonreuters.com;))