Hindalco plans to record aluminum exports

Aluminum company Hindalco Industries, owned by Indian billionaire Kumar Sangalam Birla, intends to increase its exports to a record $ 1 million by the end of March. At the same time, the calculation is made mainly for an increase in demand for aluminum in the United States and Europe.

Export shipments of the company's cargo will almost triple by the end of March, compared with shipments in the same period last year. According to company officials, this volume of aluminum exports will reach only half of the target for the future.

Current vehicle CO2 emissions regulations in the US and Europe are now significantly tightened, which has convinced automakers to choose aluminum as their primary material over steel. This policy will help Hindalco Industries increase its overseas supply of aluminum sheets as well as reduce the company's domestic sales of these products. The additional aluminum sheet sales will help the company recover its profit margins after it faced a five-quarter decline, and will also help the company find new markets to realize its more capacity.

The company has already decided to focus on exports if demand for aluminum in India does not recover soon. Profit growth in all countries except China is quite high. Almost all factories in the world achieve high profits from the sale of aluminum products, given the current prices for this metal.