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|18th September 2015, 12:21||#1|
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Mahindra Auto Steel inaugurates plant at Chakan
Mahindra Auto Steel, a subsidiary of Mahindra Intertrade, has announced the opening of its automotive steel processing facility in the auto belt of Chakan, near Pune, Maharashtra. This plant is the seventh steel service centre in the Mahindra Intertrade family, its third in the Pune region and its third automotive steel processing facility.
This facility is a joint venture with China Steel Global Trading Corporation, Taiwan and Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore. Mahindra Intertrade holds a 51% stake in the JV and the other partners hold 24.5% each.
The facility has been set up at a cost of Rs. 110 crore in phase 1, over 10 acres of land, with an annual processing capacity of 1,00,000 tonnes.
According to Mahindra, the facility has been designed especially for the manufacture of nested blanks. It is equipped with a blanking line from Fagor Arrasate of Spain.
The facility will offer automotive customers in the Pune region, services such as sourcing, warehousing, yield optimization, forex risk management and SKU-wise JIT delivery, and products such as blanks, trapezoids and profiles.
Mahindra claims that the facility is constructed in accordance to IGBC’s Green Building norms, and incorporates features such as enhanced indoor air quality, treatment of non-processed waste water and rain water harvesting among others.
Last edited by Aditya : 18th September 2015 at 13:01.
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