India currently stands as a global economic bright spot, emerging as a key player across various sectors. This growth is driving a significantly increased domestic demand for chemical and petrochemical products, the rapid transition towards renewables, and an increased shift towards localization of manufacturing.
Alleima officially launched its state-of-the-art heat exchanger facility in its mill located in Mehsana, Gujarat. This new facility will enable Alleima to produce advanced alloys in heat exchanger tubing locally to meet the increasing demand for the high valued added tubes to India’s chemical and petrochemical, renewable, and other industrial segments. It will also serve as a production base for exports to other parts of Asia. This signifies a major milestone for Alleima in India, as with the completion of its Hydraulic and Instrumentation (H&I) facility earlier this year, the Mehsana mill has now completed its three-phase expansion in production capacity and infrastructure. The total investment between 2019-2023 amounts to 180 MSEK.
Courtesy of Alleima.