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| British structural steel co inks second Indian JV |
| Press Trust Of India / London Nov 21, 2009, 00:46 IST |
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British structural steel major Severfield-Rowen has announced the signing of its second joint venture in India, to establish structural metal decking units in Mumbai and Bellary (Karnataka).
Based in Thirsk, Yorkshire, the company reached an agreement between JSW Severfield Structures and SMD Asia.
JSW Severfield Structures is a 50:50 joint venture between Severfield-Rowen and JSW Steel for design, production and erection of structural steelwork to principally service Indian markets.
SMD Asia is a limited liability partnership formed by the directors of SMD, a British company which specialises in design, production and installation of metal decking for construction projects. In an interim management statement covering the period up to November 17, Severfield-Rowen said, “In the second half of the year, all group companies are performing operationally in line with expectations, delivering projects on time, with overall group financial projections emerging slightly ahead of management’s expectations.”
It said that British demand, as anticipated, was poor in several of the key steel sectors.
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