JFE Shoji Trade Corporation has decided the establishment of steel processing center in India, which will be located at Ranjangaon industry district in the suburb of Pune city near Munbai and will be named as JFE Shoji Steel India Private Limited.
It is scheduled that it will start the operation from July 2012 and will be expected to have the sales amount of 20,000 tonne per year of steel materials, including electrical steel sheets and thin steel sheets by 2014.
Outline of the new company
1. Name: JFE Shoji India Private Limited
2. Location: Ranjangaon industry district in Pune City, Maharashtra State, India
3. Date of the establishment: January 2011
4. Capitalization: INR 685 million
5. Shareholders: JFE Shoji Trade Group - 100%.
6. Investment amount: Approximately USD 13 million
7. Representative: To be chosen from JFE Shoji Trade
8. Number of Employee: 47
9. Main business: Processing and sales for electrical steel sheets
10. Land scale: Total - approximately 42,000m2/ Works area - approximately 6,000m2
11. Main facilities: Slitter line, Shearing line and so on
12. Projected processing capacity: 34,000 tonnes per year
13. Target of sales quantity:
Year of 2012 - 5,000 tonnes
Year of 2014 - 20,000 tonnes per year
Currently, JFE Shoji is operating total of fourteen steel processing centers, including five ones in China, two ones in Thailand and one in Taiwan, Singapore, Malaysia, Philippine, Vietnam, Mexico respectively.
