Metal One Corporation and Keiyo Blanking Kogyo Co Ltd established India Metal One Steel Plate Processing Private Limited, a steel plate melt cutting and processing 60:40 JV in April 2011.

The new company is located in Sri City industrial estate in the suburbs of Tada in Andhra Pradesh.

Plant building construction began on September 1st 2011 and full operation is scheduled to begin in August 2012.

Outline of the new company
Capitalization: INR 1.227 billion
Number of employees: Approx. 200
Main facilities: NC cutting machines (gas, laser, and plasma), secondary processing equipment (beveling machines, bender machines, machining centers, etc.), and welding lines
Processing capacity: 2,000 tonnes per month at launch in FY2012 (on a production basis)

Metal One’s Mr Takeshi Mitsui has been named as MD and Keiyo Blanking Kogyo’s Mr Yoshiaki Sato will serve as deputy MD

The venture will supply such products as melt cut parts, secondary processing products and composite parts, primarily for Caterpillar Inc and other construction machinery manufacturers.

Metal One and Keiyo Blanking Kogyo currently have two JV plate processing centers in China, namely, Hangzhou Metal One Steel Plates Processing Co Ltd and Suzhou Metal One Steel Plates Processing Co Ltd.