Mahindra Auto Steel new facility at Chakan
Date: 16 Sep 2015
Mahindra Auto Steel, a
subsidiary of Mahindra Intertrade, part of the USD 16.9 billion Mahindra Group,
has announced the opening of its automotive steel processing facility in the
auto belt of Chakan, near Pune, Maharashtra. This facility is a joint venture
with China Steel Global Trading Corporation, Taiwan and Mitsui & Co. (Asia
Pacific) Pte. Ltd., Singapore. While Mahindra Intertrade holds 51pc in the JV,
the other partners hold 24.5pc each.
The facility has been set up
at a cost of Rs 110 crore (USD 17 million) in Phase I, over 10 acres of land,
with an annual processing capacity of 100,000 tonnes. This plant is the 7th
steel service centre in the Mahindra Intertrade family, its 3rd in the Pune
region, and its 3rd automotive steel processing facility.
Equipped with a
state-of-the-art Blanking Line from Fagor Arrasate of Spain, India’s first
servo line, this facility will offer automotive customers in the Pune region
the entire bouquet of services such as sourcing, warehousing, yield
optimization, forex risk management and SKU-wise JIT delivery, and products
such as blanks, trapezoids and profiles.
Harsh Kumar, Managing
Director, Mahindra Intertrade Ltd., and Member, Group Executive Board, M&M
Ltd. said, “It gives us immense pleasure to announce commencement of operations
at our new plant in Chakan. This world-class facility located in the automotive
hub of Chakan, and backed by the highest quality steel from our partners, would
help redefine the automotive steel supply chain model in the region.”
According to Yi-Jen Kuo,
Managing Director, China Steel Global Trading India Pvt. Ltd., "China
Steel Corporation Group has been at the helm of developing high-end steel
products such as automotive steel since 1995. India is one of our key markets
for automotive steel owing to the growth potential of the automobile industry.
Through our strategic alliance with Mahindra Intertrade and Mitsui & Co.,
we are confident of providing manufacturers in India with the highest quality
products and services, and in turn contribute towards this rapidly developing
industry.”
This high-strength, high-speed
facility has been especially designed for the manufacture of nested blanks, and
offers significantly higher levels of material yields to its customers, a
distinct plus in the current competitive environment.
MASL’s new facility at Chakan
is constructed in accordance to IGBC’s Green Building norms, and incorporates
features such as enhanced indoor air quality, treatment of non-process waste
water, rain water harvesting, et al.
Source: Mahindra Auto Steel