Sojitz Receives Order for 5.5 MTPA Hot Strip Mill for Kalinganagar Project, Orissa from TATA Steel
Jun. 8, 2011
Mitsubishi-Hitachi Metals Machinery Inc.
Sojitz Corporation, jointly with a steel and metal production machinery engineering company, Mitsubishi-Hitachi Metals Machinery, Inc. (“MH”) and an industrial system manufacturer, Hitachi Ltd. (“HTC”) has receives an order for most advanced Hot Strip Mill from TATA Steel Limited, the largest Indian private iron and steel company, and the Agreement was signed on June 3, 2011.
This mill will be installed at Kalinganagar Integrated Steel Plant Site in Orissa State which is located around 400 km south west from Kolkata under construction. This Kalinganagar Steel Plant makes possible to Tata Steel to produce steel from procurement of law materials. This Hot Strip Mill ordered to Sojitz is capable to produce over 2 meters wide hot coil and produce high-quality steel sheets for automobile. Also this mill has 5.5 million tons per annum production capacity and is scheduled to start-up by the end of 2013. This order is the result of the gaining technological evaluations based on MH’s next-generation rolling mill so-called “Advanced Pair Cross Mill” and HTC’s reliable automation and control systems, and our relationship and rich references to the Tata Steel.
Tata Steel acquired Corus, an Anglo-Dutch steelmaker, in April 2007 and currently has the world 10th highest manufacturing productions, with more than 80,000 employees and annual sales of US$26.6 billion (approximately JP\ 2.1 trillion) in fiscal year 2010 (as of March 2011).
India has been enjoying rapid economic growth over the past few years with a GDP growth rate at 7~9%. A large number of new projects are planned by domestic and foreign steel companies as there are good prospects for mid-to long-term growth and development that will boost infrastructure requirements and demand for high-quality steel sheet for vehicles. Sojitz, Mitsubishi-Hitachi Metals Machinery, and Hitachi are committed to working towards obtaining more orders for steel plants in the expanding Indian Market.
Overview of Tata Steel Limited
|Established||August 26, 1907|
|Start of operations||December 2, 1911 (the first cat of pig iron produced)|
|Head Office Location||Mumbai, Maharashtra State, India|
|Capital||9.6 Billion Rupee
Shareholder’s Funds 469.4 Billion Rupee
|Shareholder||Tata Sons (28.51%)
(listed on the Bombay Stock Exchange)
|Managing Director||H.M. Nerurkar|