 "Tohoku Steel inaugurates Rs 80 crore unit at Sri City to cater auto sector")
Tohoku Steel India (TSI) Private Ltd, a wholly-owned unit of Tohoku Steel Co Ltd, Japan, inaugurated its new heat-resistant steel rod manufacturing facility in Sri City on July 19. The company has invested around Rs 80 crore to set up the six-acre plant.
The plant carries out secondary processing on heat-resistant steel rods and soft magnetic stainless steel rods, and produces rods in required sizes specified by its customers.
The present production capacity of the plant is 360 tonnes per annum, and this may increase up to 2,000 tonnes, in a phased manner. The rods are used as raw material for fabricating automobile engine valves and fuel injection systems. The automated plant employs about 50 persons. Key customers include Nittan India, Rane Engine Valve, Durovalves and Shiriram Pistons & Rings.
Hiroki Yamada, Managing Director said that the company took a conscious decision in setting up the unit in Sri City for various advantages. "We have been supporting the Indian market during the past four decades by exporting the products from Japan. In order to increase competitiveness in the expanding Indian market, we have set up this plant, and will expand activities to improve productivity, upgrade facilities, and acquire new orders,” he added.
Commenting on the commissioning of Tohoku plant, Ravindra Sannareddy, Founder Managing Director, Sri City said, “Inauguration of Tohoku’s very first Indian production unit in Sri City marks a significant milestone in the saga of their development, and upholds their determination to be the leaders of Indian market too.”
Tohoku Steel Co Ltd, which was founded in 1937 in Murata, Japan. is principally engaged in the manufacture and sale of specialty steel. It is a well-known brand in producing steel rods and bars for making automobile engine valves the world over. Through innovative and sophisticated technological developments, Tohoku Steel has been able to develop critical grades of alloy.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%