Tag: India

COADE Discovery Tour

COADE has announced the four stops of the COADE Discovery Tour in India from 28 July to 1 August 2008 in New Delhi, Kolkata, Chennai, and lastly in Mumbai.

SS plant plans dropped

Nisshin Steel Co. will not pursue a plan to manufacture stainless steel in India, because the demand for high-grade components in furniture and electronics is unlikely to grow as fast as expected there.

Indian SS makers increase capacity

Within 5 years India plans to add about 4.6 million tonnes per year of stainless steel capacity, which could make it the world’s second largest stainless producer after China. India currently produces about 2 million tonnes per year of stainless steel, more than a third of which is exported as the domestic market is yet to be developed.

Stainless consumption in India to increase

Stainless steel consumption in India will rise by at least 140,000tns over the next one year or so after the railway minister announced plans to build new freight wagons and passenger coaches from the metal.

Titanium Industries supports UTC

Titanium Industries has announced that it has signed a 4 year agreement with United Technologies Corp. (UTC) to support UTC’s emerging market initiative in India.

CR complex in India

Outokumpu Oy will invest EUR 300 million to set up a cold rolling mill in India and is also looking at sites in Maharashtra and Gujarat for locating its first manufacturing plant in India.

India: petro complex

India-based Reliance Industries Ltd (RIL) will invest up to USD 9 billion through 2011 to create a petroleum and petrochemicals complex at Jamnagar in Gujurat, India.

India: steel plant

Gujarat-based Jain Group’s Sona Alloys, which pioneered ship breaking, will be setting up a Greenfield integrated steel plant at Lonand in Maharashtra with an investment of INR 350 crore.

Possible cold rolling mill

Acerinox has concluded a study on a project to build a plant, probably a cold rolling mill, in India, in a joint venture with its Japanese partner Nisshin Steel.

Sandvik bags contracts

Swedish Sandvik Group’s subsidiary Sandvik Asia has bagged contracts worth INR 143 crore from NMDC Ltd and Mormugao Port Trust.