|
|
|
 |
|
|
|
|
|
|
|
|
 |
|
| |
|
|
 |
| The Establishment of Steel Processing Center in India |
2011.07.06
JFE Shoji Trade Corporation
|
JFE Shoji Trade Corporation ( President : Mikio Fukushima) has decided the establishment of steel processing center in India, which will be located at Ranjangaon industry district in the suburb of Pune city near Munbai and will be named as “JFE Shoji Steel India Private Limited” ( it shall be called “JSI”). It is scheduled that JSI will start the operation from July, 2012 and will be expected to have the sales amount of 20,000mt per year of steel materials, including electrical steel sheets, thin steel sheets, by 2014.
Indian domestic market is expected to continue its economic growth with the background of the big population of one thousand two hundred million. And the steel demand of this market is forecasted to be grown until around 13% per each year.
In particular, the region of the middle east in India has a lot of manufacturers which mainly produce the transformers and electric generators, and this region is forecasted to have a lot of demands of high grade electromagnetic steel sheets which will be required especially for the energy sector .
Based on these background, JFE Shoji has taken the way to establish new and owned steel processing center in Ranjangaon industry district to secure demands of steel sheets.
Simultaneously, JFE Shoji is contemplating the sales cooperation for various steel materials produced by JSW in India as JFE Steel and JSW are proceeding for not only their capital tie-up but also technical cooperation for automotive steel sheets.
Currently, JFE Shoji is operating total of fourteen steel processing centers, including five ones in China, two ones in Thai Land ,and one in Taiwan, Singapore, Malaysia, Philippine, Vietnam, Mexico respectively. In addition to these ones, JFE Shoji will have the total of fifteen steel processing centers in foreign countries with this new establishment in India
Outline of the New Company
| 1. |
Name : JFE Shoji India Private Limited. |
| 2. |
Location : Ranjangaon industry district in Pune City, Maharashtra State, India. |
| 3. |
Date of the establishment : January 2011. |
| 4. |
Capitalization : INR 685 million ( Approximately JPY 13 billion ). |
| 5. |
Shareholders : JFE Shoji Trade Group - 100%. |
| 6. |
Investment amount : Approximately JPY 13 billion. |
| 7. |
Representative : To be chosen from JFE Shoji Trade. |
| 8. |
Number of Employee : 47 |
| 9. |
Main business : Processing and sales for electrical steel sheets. |
| 10. |
Land scale : Total - approximately 42,000m2/ Works area - approximately 6,000m2 |
| 11. |
Main facilities : Slitter line, Shearing line and so on. |
| 12. |
Projected processing capacity : 34,000MT / year |
| 13. |
Target of sales quantity :
Year of 2012 ( The first fiscal year will have only six months) – 5,000MT/year.
Year of 2014 – 20,000MT/year.
|
|
|
|
|
|
|
|
|
