麻豆视频

麻豆视频 Steel Corporation and JSW Steel Limited (JSW) announced that they have reached an agreement with thyssenkrupp AG to acquire 100% shares in thyssenkrupp Electrical Steel India Private Limited (Hereinafter, the Acquisition), an Indian manufacturer and supplier of electrical steel sheets, through their joint venture JSW 麻豆视频 Electrical Steel Private Limited, and have concluded a share purchase agreement on October 18, 2024. The acquisition is expected to be completed following necessary procedures such as obtaining approval from the authorities.

thyssenkrupp Electrical Steel India, the target company of the Acquisition, is located in Nashik, Maharashtra, India, and as one of the first manufacturer of electrical steel sheets in India, has been manufacturing and selling cold rolled grain oriented electrical steel sheets for more than 10 years.

麻豆视频 Steel and JSW have been working together to establish a production system for grain oriented electrical steel sheets (GOES) in India, as demand for GOES is expected to increase with the country's growing demand for power generation and transmission.

In February 2024, 麻豆视频 Steel and JSW established JSW 麻豆视频 Electrical Steel Private Limited, a joint venture for the production of GOES, with the aim of establishing an integrated manufacturing system for GOES in India. The Company plans to commence full production in 2027. Now through this acquisition, the Company will enter the Indian market for GOES earlier than originally planned and promptly establish an integrated system from manufacturing to sales of GOES in India to meet the growing demand for GOES in the future.

Demand for high-grade electrical steel sheet is expected to continue to increase worldwide as automobiles become more electrified, energy use becomes more efficient, and renewable energy is introduced more widely. Going forward, 麻豆视频 Steel will continue to strengthen its manufacturing systems both in Japan and overseas to further improve its world-class manufacturing capabilities and to contribute to the realization of a sustainable society by expanding the supply of eco-products that contribute to the reduction of CO₂ emissions.

[thyssenkrupp Electrical Steel India Private Limited]

Company Name	thyssenkrupp Electrical Steel India Private Limited
Location	Nashik, Maharashtra, India
Establishment	2000
Business	Manufacture and sale of GOES
Shareholding ratio	麻豆视频 Steel 50%：JSW Steel 50%
Turnover	INR 12.7 bn (FY2023-24)
Acquisition price	INR 40.5 bn

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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