JSW Steel and JFE Sign Agreement for Electrical Steel Technology
12/17/2012 - India’s JSW Steel Ltd and Japan’s JFE Steel Corporation have signed an agreement where JFE will provide technology for the production of non-oriented electrical steel sheets (CRNGO) at the JSW’s Vijayanagar plant in Karnataka.
India’s leading steel maker, JSW Steel Ltd, and Japan’s JFE Steel Corporation announced they have signed an agreement where JFE will provide technology for the production of non-oriented electrical steel sheets (CRNGO) at the JSW’s Vijayanagar plant in Karnataka.
By leveraging JFE Steel’s well-established manufacturing technology for electrical steel, JSW shall produce CRNGO grade electrical steel and supply to its customers, including local companies as well as Japanese, European and U.S.-affiliated companies doing business in India.
The electrical steel sheet products are primarily imported in India due to technological constraints. Therefore, JSW Steel shall be in a position to cater to fast growing consumer and industrial applications market.
JSW Steel plans to start up its new annealing and coating line for electrical steel sheets in latter half of 2014. The initial annual output is projected to be 200,000 tonnes, which will be increased to 600,000 tonnes per year in phases. The company will also take sight on the production of cold rolled grain oriented (CRGO) grade in future. Implemented in phased manner, JSW envisages becoming the largest Electrical Steel Producer in the country.
JSW Steel Ltd., belonging to the JSW group, part of the O P Jindal Group, is one of the lowest cost steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases, port facilities, aluminium, cement and information technology. JSW Steel is engaged in manufacture of flat and long products viz. HR coils, CR coils, galvanized/galvalume products, color coated products, auto grade/ white goods grade CRCA steel, bars and rods. Incorporated in 1994, it has grown to about US $10 billion in less than two decades. JSW Steel is one of the largest galvanizing and color coating production capacity in the country and is the largest exporter of galvanized products with presence in over 100 countries across five continents.
