Reorganization of Two Facilities in India
- 16. Feb, 2017
- Press Release
JP Steel Plantech Co. (hereinafter, the “Company”) has decided to terminate and reorganize its two business facilities operating for the steel plant market in India into the Company’s wholly owned business facility featuring integrated manufacturing and sales, thereby establishing a more flexible and efficient business management system.
The two local subsidiaries that will be reorganized are Steel Plantech India Pvt. Ltd. (head office: Mumbai, Maharashtra State, hereinafter “SPI”), a company functioning as a sales facility, and Steel Plantech Engineering India, Pvt. Ltd. (head office: Kolkata, West Bengal State, hereinafter “SPEI”), a joint venture for manufacturing established with India’s Dalmia Group. As a result of the reorganization, SPEI’s functions will be consolidated and integrated with those of SPI, while the joint venture relationship with the Dalmia Group has been cancelled concurrent with the Dalmia’s group-wide business restructuring.
The Company will continue to make steady efforts in the Indian steel plant market where many steel plants are planning to make capital investments for constructing or expanding facilities going forward, while facilitating collaborations between the head office and the new company, which will be used as the Company’s core facility in India.
- Company Name:
Steel Plantech India Pvt. Ltd. (SPI)
Area-902, 9th Floor, Tower-1,Godrej Waterside, Block-DP, Plot No.5,
Sector-V, Salt Lake City, Kolkata -700 091, West Bengal, India