September 07, 2008

Salzgitter forms sales JV in India and opens office at Mumbai

Düsseldorf based Salzgitter Mannesmann International GmbH, eying the growing demand for steel products in the region, has strengthened their presence in India by opened their first office at Mumbai in the beginning of April 2008.

The opening ceremony was held in presence of Dr Leese CEO of Salzgitter AG, which is the parent company of Salzgitter Mannesmann International, accompanied by board members, representatives of SMID and of course by customers and suppliers of Salzgitter in India.

The new company Salzgitter Mannesmann Pentasteel International (India) Pvt Ltd is a 50:50 JV with Mumbai based Pentsteel their exclusive agent in India for a long time. Both the companies will be involved in running the operations.

The release said that in addition to their existing activity of exporting steel products from India, this JV will focus on sale of imported steel products, which are not sufficiently produced in India to end users directly. It said that “Focus would on all the industry sectors with special attention to shipbuilding, engineering, white good industry as well as the automotive sector.”