Magazine
With the rapid increase in mass productivity in engineering sectors, Aluminium Extrusion market has gained a boom since the past decade due to increase in demand for lightweight and durable extruded products in various industries.
A fundamental move from Steel to Aluminium across all segments has led the key drivers of growth in the Aluminium market with the development of higher strength and more complex alloys.
The global aluminium extrusion market size was valued at $57.29 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.8 percent from 2021 to 2028. However, the global aluminium extrusion market is segmented on the basis of product and end user with quest for a provider that will focus on boosting industry operations along with productivity.
Banco Aluminium is a specialist in Aluminium Extrusions and Alloying - providing solutions to the industry for over 54 years. Banco has an in-house foundry specializing in complex and lead-free alloys, and works with its clients design teams providing technical feedback and design improvements to optimize product design based on their decades of extrusion and alloying experience.
The company believes in constant and progressive investments focusing in process technology and equipment in order to optimise quality, operational efficiencies and to minimise the carbon footprint in the manufacturing process.
The main emphasis is on process control where both the foundry and extrusion equipment’s operating parameters are continuously monitored with a SCADA system, this ensures process control and production traceability; enabling precise control on the entire production process.
The company has also invested in an inhouse fabrication department which provides for processes like cutting, drilling, tapping, system assembly, machining etc so their clients can get a final plug and play product.
Banco Aluminium is a technical solutions provider - drawing on 54 years of extrusion and foundry experience to add value in providing practical solutions for its client’s needs
Banco Aluminium has a wide range of extruded aluminium products, some of the segments they cater to are Electrical T & D, Electronics, Automotive & Commercial Vehicles, Hydraulics & Pneumatics, Solar, Structure, Modular & Hardware, Building & Construction, Heat Transfer, Machines and General Engineering, Medical, Defense & Aerospace, Machining Applications, Rail & Metro, Standard & Machining .. They have a wide array of regular and hard alloys, and have also established lead free alloys for machining complying with the European RoHS directive.
Banco is witnessing a strong demand from companies who not only the basics of the right Quality, Delivery and Pricing; but also expect suppliers to provide technical know-how being the subject experts and further are now expecting a final plug and play product. This demand is seen both from the domestic OE and the international markets - especially the US and European markets where it has established sales offices to serve the growing requirements effectively.
Banco Aluminium is growing rapidly and is expecting an continued demand for good quality extruded products and more complex alloys for the next 5-10 years, to serve the growing demand Banco is investing Rs. 110 crore in building up their capacities in both the foundry and extrusion divisions.
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