|
|
| |
|
|
Vardhman Special Steels India Announces Investment by Aichi Steel-2020 China(Guangzhou)Int’l Metal & Metallurgy Exh
ibition-metal exhibition
9/9/2019 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo- |
--------------------------------------------------------------------------------------------------------------- |
|
Vardhman Special Steels announced a new partnership with Aichi Steel Japan, an affiliate of Japan’s Toyota Motor Corporation. Aichi Steel Corp will buy approximately 11.4% stake in Vardhman Special Steels and provide technical assistance. This company will be capable of supplying steel for critical and special applications for today and tomorrows automotive industry. Aichi Steel will be posting three personnel in India while additional critical support from the headquarters will be provided constantly. The complementary portfolio of management, product, technology and services offered by Aichi Steel provides the end-users with the special steel backed up by years of expertise and recognized technology. This will help Vardhman Special Steels to expand its size and markets in years to come.
Mr Sachit Jain Vice-Chairman & MD Vardhman Special Steels said that “One of our key objectives of this partnership is to develop special steel grades for automotive companies in India so as to help fill the gap of providing substitution of steel, that is currently being imported. We plan to later export this special grade of steel to South Asia and Europe as well.”
The two companies signed an agreement on the deal worth USD 7 million in a ceremony held on last week in Aichi Prefecture, where the Japanese firm is located. President Takahiro Fujioka from Aichi Company said that “This partnership will help Aichi Steel strengthen the foundation of its special steel business by improving quality and cost competitiveness on a global basis. A friend in need is a friend indeed and Vardhman Special Steels team is a friend who we will be supporting to develop technology-based solutions in coming years.”
金属展-冶金展-2020广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-2020
China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition
-metal exhibition Metal exhibition, Metal
expo, 2020 Metal exhibition, 2020 Metal expo, China Metal exhibition, China
Metal expo, steel exhibition, steel expo, 2020 steel exhibition, 2020 steel
expo, China steel exhibition, China steel expo
|
|
|
|
|
