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Tenova Reaches 100% Ownership In Tenova Multiform
08/03/2011 - Tenova has reached 100% equity ownership in Tenova Multiform, the joint venture company within the Strip Processing Lines and Cold Rolling Mills business in India, established in 2009.
Tenova has reached 100% equity ownership in Tenova Multiform, the joint venture company within the Strip Processing Lines and Cold Rolling Mills business in India, established in 2009.
Headquartered in Mumbai, where its two production facilities are located with a workforce of 150, Tenova Multiform is one of the main Indian suppliers of cold-rolling mills and strip processing lines.
Tenova has thus consolidated and strengthened its position in India, where it is also present with Tenova Hypertherm and LOI Wesman, both of which are active in the industrial furnace business. In the Mining and Cement business, Tenova is present in the country with TAKRAF India based in Chennai.
Tenova Multiform together with Tenova Strip Processing and Tenova Hypertherm are involved in India and Bangladesh in the execution of important contracts (Sail Bokaro) and in the field of hot dip galvanizing.
In Vietnam and Indonesia, Tenova Multiform in cooperation with Tenova I2S (cold mills) and Tenova Key Technologies (acid regeneration plants) acquired several contracts from important customers for the supply of processing lines for a cold mill complex.
Tenova designs and supplies advanced technologies, products, and services for the metals and mining industries. The company operates close to its customers through a network of 33 companies based on five continents.
