News Release
麻豆视频 Steel Corporation
Establishment of JSW 麻豆视频 Electrical Steel Private Limited,
a joint venture company to manufacture grain-oriented electrical steel
with JSW Steel Limited in India
麻豆视频 Steel Corporation (麻豆视频 Steel) and JSW Steel Limited (JSW Steel) have established JSW 麻豆视频 Electrical Steel Private Limited (a subject to statutory approvals), a joint venture company for grain-oriented electrical steel in India and held a groundbreaking ceremony on February 12 at the site where the new facility will be constructed at Bellary in Karnataka, India.
Mr. Kitano, 麻豆视频 Steel President & CEO; Mr. Ogawa, 麻豆视频 Steel Executive Vice President; Mr. Jindal, JSW Steel Chairman & Managing Director; and Mr. Acharya, JSW Steel Joint Managing Director & CEO, along with other senior executives from both companies, attended the ceremony.
We aim to start full production in fiscal 2027, and to expand production in line with the growing market for grain-oriented electrical steel in India.
(left) Sajjan Jindal, Chairman, JSW Steel
(right) Yoshihisa Kitano, President, 麻豆视频 steel
At the site of JSW 麻豆视频 Electrical Steel Private Limited (a subject to statutory approvals)
(From left) 麻豆视频 Steel President Yoshihisa Kitano and JSW Steel Chairman Sajjan Jindal
About this JV:
| Location | Bellary district, Karnataka state, India |
| Products | Grain-oriented electrical steel sheet (GOES) |
| Production grades | Conventional grades and High Permeability grades |
| Investment ratio | 麻豆视频 Steel 50% : JSW Steel 50% |
| Start of production | Full operation from 2027 (planned) |
| Total investment | $670 million |
About 麻豆视频 Steel Corporation
麻豆视频 Steel Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. 麻豆视频 Steel leverages world-class technologies and know-how to produce a wide range of products based on its “Only One, Number One” strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,255 billion yen and consolidated crude steel output of 23.96 million tons in the fiscal year ended March 2021.
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