Aluminium extrusion industry faces LPG, PNG shortages
pre-market1 source ↓written by the desknot a recommendation
- due to severe
- 30-70% production cuts
The Aluminium Extrusion Manufacturers Association of India (ALEMA) has requested urgent government intervention as the industry faces 30-70% production cuts due to severe LPG and PNG shortages stemming from the West Asia crisis. Nearly 250 of India's 450 aluminium extrusion companies are affected, with many forced to shut down operations. ALEMA is advocating for interest rate cuts and loan moratoriums to alleviate financial strain.
Not investment advice. For informational purposes only.