# Runaya Metsource and Rusal form joint venture for precision aluminium applications

Runaya Metsource and Rusal are forming an equal joint venture to produce high-end aluminium pastes and powders for additive manufacturing, rocket fuels, and solar energy. Initial capital is about $50 million, with commercial production starting in 2018.

- Type: Acquisition
- Announced: 2017-04-11
- Where: Odisha or Gujarat, India
- Value: $50.0M
- Status: announced
- Capacity: 10 ktpa
- Products: aluminium pastes, aluminium powders
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [RUSAL](https://endata.com/companies/15292.md) (partner)
- [Runaya Metsource](https://endata.com/companies/23497.md) (partner)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/runaya-metsource-to-form-precision-applications-jv-with-rusal/), 2017-04-11: "This JV with Rusal is looking to target high-end applications in additive applications, rocket fuel, solar energy and paints, and coatings for Indian and global markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.