JSWMI opens steel ser­vice cen­tre near Chennai auto hub

The Hindu Business Line - - NEWS - SURESH P IYENGAR

JSWMI Steel Ser­vice Cen­tre, a joint ven­ture be­tween JSW Steel and Ja­pan’s MarubeniI­tochu Steel, plans to set up its third ser­vice cen­tre near Chennai to tap the grow­ing de­mand from auto com­pa­nies. It was ear­lier ser­vic­ing the auto com­pa­nies near Chennai from its main plant at Vi­jayana­gar in Kar­nataka.

Jayant Acharya, Di­rec­tor, JSW Steel, said the com­pany has re­ceived ap­proval to sup­ply steel to au­to­mo­bile com­pa­nies, and there is now a need to get closer to auto mak­ing units for ef­fi­cient ser­vic­ing.

“We are look­ing for a suit­able lo­ca­tion and the in­vest­ment will be an­nounced soon,” he told Busi­nessLine.

While the de­mand has re­mained strong, Acharya said ris­ing im­ports and a spike in in­put costs have been a con­cern.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.