Mahindra Auto Steel Breaks Ground for New Facility in India
01/16/2014 - India’s Mahindra Auto Steel Pvt. Ltd., held a ground breaking ceremony for its state-of-the-art steel service center at MIDC's Chakan Industrial Area, Phase II, near Pune, India, on 7 January 2014.
Mahindra Auto Steel is a joint venture between Mahindra Intertrade, China Steel Global Trading Corp., Taiwan and Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore.
This facility will be set up at a cost of Rs 150 crore (US$ 24 million) over 10 acres of land and will have an annual processing capacity of 130,000 tonnes when it begins operations in the fourth quarter of F-2015. While Mahindra Intertrade will hold a share of 51% in the joint venture, the other two partners will hold 24.5% each.
This is Mahindra's seventh steel processing facility and the third in the Pune region. The raw stock for the facility would be imported from China Steel Global, Taiwan, as well as sourced locally. The steel service center will offer automotive customers in the Pune region an entire bouquet of end-to-end services such as sourcing, warehousing, yield optimization, forex risk management and SKU-wise delivery and products such as blanks, trapezoids and profiles.
“This marks the next step in the journey of Mahindra Auto Steel Pvt. Ltd. which will offer the full range of services from sourcing to customized JIT delivery solutions as one of the few merchant producers of steel blanks and profiles in the country. The expertise of our partners, China Steel Global and Mitsui, will help the JV redefine the supply chain model in the region,” said Harsh Kumar, managing director, Mahindra Intertrade Limited.
The Mahindra Group was a pioneer in the steel service center industry in India; it set up the first such facility near Pune in 1993.
This facility will be set up at a cost of Rs 150 crore (US$ 24 million) over 10 acres of land and will have an annual processing capacity of 130,000 tonnes when it begins operations in the fourth quarter of F-2015. While Mahindra Intertrade will hold a share of 51% in the joint venture, the other two partners will hold 24.5% each.
This is Mahindra's seventh steel processing facility and the third in the Pune region. The raw stock for the facility would be imported from China Steel Global, Taiwan, as well as sourced locally. The steel service center will offer automotive customers in the Pune region an entire bouquet of end-to-end services such as sourcing, warehousing, yield optimization, forex risk management and SKU-wise delivery and products such as blanks, trapezoids and profiles.
“This marks the next step in the journey of Mahindra Auto Steel Pvt. Ltd. which will offer the full range of services from sourcing to customized JIT delivery solutions as one of the few merchant producers of steel blanks and profiles in the country. The expertise of our partners, China Steel Global and Mitsui, will help the JV redefine the supply chain model in the region,” said Harsh Kumar, managing director, Mahindra Intertrade Limited.
The Mahindra Group was a pioneer in the steel service center industry in India; it set up the first such facility near Pune in 1993.
