Mahindra Auto Steel announced the opening of its automotive steel processing facility in the auto belt of Chakan, near Pune, Maharashtra. This facility is a joint venture with China Steel Global Trading Corporation, Taiwan and Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore. While Mahindra Intertrade holds 51% in the JV, the other partners hold 24.5% each.
The facility has been set up at a cost of Rs 110 crore (USD 17 million) in Phase I, over 10 acres of land, with an annual processing capacity of 100,000 tonnes. This plant is the 7th steel service centre in the Mahindra Intertrade family, its 3rd in the Pune region, and its 3rd automotive steel processing facility.
Equipped with a Blanking Line from Fagor Arrasate of Spain, India’s first servo line, this facility will offer automotive customers in the Pune region the entire bouquet of services such as sourcing, warehousing, yield optimization, forex risk management and SKU-wise JIT delivery, and products such as blanks, trapezoids and profiles.
This high-strength, high-speed facility has been designed for the manufacture of nested blanks, and offers significantly higher levels of material yields to its customers, a distinct plus in the current competitive environment. MASL’s new facility at Chakan is constructed in accordance to IGBC’s Green Building norms, and incorporates features such as enhanced indoor air quality, treatment of non-process waste water, rain water harvesting, et al.
Check out the new facility through the image gallery below: