September 01, 2014
Jamshedpur Continuous Annealing and Processing Company Private Limited (JCAPCPL) Continuous Annealing & Processing Line, a 600,000 tons per annum facility for manufacturing ‘Automotive Grade Continuous Annealed Products’, was inaugurated at Steelennium Hall inside Tata Steel’s Jamshedpur Works.
JCAPCPL, a 51:49 Joint Venture of Tata Steel and NSSMC, has set up India’s first Continuous Annealing & Processing Line that will produce 600,000 tons per annum of high-quality cold rolled sheets exclusively for the automotive industry, including outer panels and high tensile sheets. While Tata Steel has developed the infrastructure for the project, NSSMC has provided the equipment and state-of-the-art technology. The project has been set up at a capital investment of about Rs 2,750 crore. JCAPCPL will source steel from Tata Steel. Tata Steel currently enjoys a 42 per cent share of the Indian market for automotive steels. Through the joint venture, both Tata Steel and NSSMC are expected to respond appropriately to the increasing demand of Indian automakers for high-grade, high-quality automotive steel sheets.
Speaking at the inauguration of the Line, Mr. Cyrus P. Mistry, Chairman, Tata Sons, said, “This line will produce products that will be a great support to the Indian Automobile Industry. JCAPCPL will establish high-quality levels and production standards that we hope will be path-breaking and record-setting. I would like to congratulate the entire project team right from its inception and execution of this project.”
Mr. Kazumi Endo, Consul-General of Japan, Kolkata, commented on the growing Indo-Japanese bilateral co-operation in the areas of trade and commerce. He said, “It is in the fitness of things that the JCAPCPL facility is being formally inaugurated on the day when the Indian Prime Minster is meeting his Japanese counter-part in Japan.”
In his address to the gathering, Mr. Shoji Muneoka, Chairman, NSSMC, said, “JCAPCPL has been established to supply high grade cold rolled steel for the automobile industry. I have no doubt that JACAPCPL will take advantage of strengths of both Tata Steel and Nippon steel and supply steel that will definitely satisfy our customers. Through JCAPCPL, we will contribute to the Indian Automobile Industry and eventually to the whole Indian economy.”
On the occasion, Mr. T. V. Narendran, MD, Tata Steel, India & SEA, said, “The relationship between Tata Steel and Nippon Steel goes back 40 years; it’s been a technical relation and partnership in many ways which is now translated into a company where the best of both the companies can be reflected. And I hope that this relation can be taken to higher levels as both the companies have knowledge and experience in the global market, so this will be a win-win partnership.” He further added, “It is also opportune that we are having this function today when the prime ministers of both the nations are discussing on how these two countries can work closely going into future.”
