Proterial invests $77 M in India
New amorphous metal plant will lift output 50 % and target rising transformer demand in the world’s third-largest power market.
Image for illustrative purposes
Japan / India: Proterial will invest $77 M (12 B yen) to build its first production facility in India for energy-efficient amorphous metal, aiming to meet growing transformer demand in the world’s third-largest electricity market.
The new plant will manufacture iron-based amorphous metal materials and will be located in the Sri City industrial park in Andhra Pradesh. Operations will run through a joint venture in which Proterial holds a 74 % stake, with a local transformer manufacturer owning the remaining 26 %. Around 200 people will be employed, with production scheduled to begin in October.
Initial capacity is set at approximately 30,000 metric tonnes per year. India will become Proterial’s third base for amorphous metal production, alongside Japan and the United States. The additional facility is expected to increase the company’s total output by about 50 %. Proterial also plans to expand capacity after launch, targeting $100 M in sales from the Indian site by 2030.
Transformers are typically produced using grain-oriented electrical steel. Proterial is positioning amorphous metal as an alternative, stating that it can reduce standby power loss to one-third of that of grain-oriented electrical steel within the same price range.
Amorphous metal can also be applied in electric vehicle motors, where it may cut standby losses to less than one-tenth of those seen with conventional non-oriented electrical steel.
Source: Nikkei Asia
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