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TSL production unit inaugurated
Tohoku Steel India (TSI) Private Ltd, a wholly owned unit of Tohoku Steel Co., Ltd., Japan, inaugurated its newly commissioned state-of-the-art heat resistant steel rods manufacturing facility in Sri City on Friday.
Tirupati: Tohoku Steel India (TSI) Private Ltd, a wholly owned unit of Tohoku Steel Co., Ltd., Japan, inaugurated its newly commissioned state-of-the-art heat resistant steel rods manufacturing facility in Sri City on Friday.
Hiroki Yamada, Managing Director (MD) along with Shinji Naruse, President, Tohoku Steel Co., and Tsukasa Nishimura, Vice President, Daido Steel administered the ceremony and declared the unit inaugurated, in the presence of a host of dignitaries from Tohoku's customer companies and Sri City units.
On behalf of Sri City, Ramesh Kumar, Vice-President (Customer Relations) greeted Yamada on the occasion. Stating that they took a conscious decision for locating their unit in Sri City for various advantages, Hiroki Yamada said that they have been supporting the Indian market during the past four decades by exporting the products from Japan.
In order to increase competitiveness in the expanding Indian market, this plant was set up. Sri City MD Ravindra Sannareddy commented that the new plant will certainly enhance the symbiotic ecosystem in Sri City, benefiting the OEMs and other component manufacturers located in and around it.
The plant was built in a 6-acre plot in the Domestic Tariff Zone (DTZ) at an initial investment of around Rs 80 crore. The plant carries out secondary processing on heat resistant steel rods and soft magnetic stainless-steel rods, and produces rods in required sizes, as per the customers specifications.
The present production capacity of the plant is 360 tonnes per annum, and this may increase up to 2,000 tonnes per annum, in a phased manner.
