WCA November 2014

India Insight

Back in action following May blaze Following a significant fire in May that damaged its production facility in Chatham Docks, Kent, ArcelorMittal Kent Wire has reported that its production line is now fully reinstated. The fire-damaged production line has been upgraded to enable ArcelorMittal Kent Wire to produce in excess of 130,000 tonnes of fabric reinforcement per annum. Phil Taylor, CEO, said: “Following this incident, the damaged fabric reinforcement line has been fully restored and upgraded, and the business is once again fully operational. We would like to apologise to our customers for any inconvenience caused over the last six weeks of interruption and look forward to supporting your businesses once again with high quality product and services.” A member of the British Association of Reinforcement, ArcelorMittal Kent Wire is a wholly owned subsidiary of ArcelorMittal Hamburg, a European wire rod manufacturer and a member of ArcelorMittal, the world’s largest steel producer. Kent Wire – UK Ajex & Turner is a fast-growing technology driven company engaged in the manufacture of wire drawing dies, die polishing machinery and consumables. The company has joined forces with Turner & Stott Ltd, Manchester, UK, and specialises in making compact PCD and carbide dies from 16mm 2 to 1,000mm 2 ; ND dies from 50 micron to 1.5mm; PCD and carbide dies for MIG, SS and high/low carbon/brass are made for any size and shape. The company also sells die polishing and re-grinding machines with all accessories. The company uses a high quality die profiler and supplies all dies with complete inner geometry for the following industries: wire and cable, steel wire, welding wire, dies and Website : www.arcelormittalkentwire.co.uk Fast-growing Ajex

representatives to be appointed in that state, in order to boost MSME [the micro, small and medium enterprise] sector here,” said Narinder Bhamra, president of the Fastener Manufacturers Association of India. Bhamra explained that Gujarat offers immense potential because of its concentration of refinery, power and automotive facilities, offering opportunities for fasteners and fastening products. He continued: “We have already shortlisted 15 distributors or representatives in Gujarat who will sell and market products manufactured in Punjab.” The Fastener Manufacturers Association of India held a convention at Ahmedabad in September, where Punjab-based manufacturers showcased their products. Fastener Manufacturers Association of India Website : www.fastenerindia.org JSW in talks over Lucchini purchase JSW Steel is the final stages of negotiations to buy part of bankrupt Italian steelmaker Lucchini. Sajjan Jindal, chairman and managing director of JSW, said that his company had put in a ‘sub $100 million’ binding bid for three mills owned by Lucchini, with a total production of 1.2 million tonnes. The head of India’s third largest steel company was in confident mood, stating that the deal should “within this calendar year be done.” JSW already has a capacity of 14.3mt but has an aggressive Ten per cent stake Japanese steel manufacturer Daido Steel Company has bought a ten per cent stake in Maharashtra-based Sunflag Iron and Steel for Rs 56 crore. Listed on the Tokyo Stock Exchange, Daido is a major alloy steel manufacturer in Japan. Sunflag’s steel-making facility at Bhandara has the capacity to produce 360,000 tonnes per annum of high quality special steel using liquid pig iron and sponge iron as basic inputs. Proceeds from the sale will be used for strengthening capital base for the raising future debt, and to meet capital expenditure. expansion strategy. JSW Steel – India Website : www.jws.in

moulds, fasteners and automobile. Ajex & Turner Wire Dies – India Website : www.ajexturner.com Fastener cluster

Punjab-based fastener makers are to establish a buyer-seller cluster in Gujarat in a bid to access industrial sectors such as refinery, power and automotive. “We will set up a buyer-seller cluster in Gujarat whereby we will be selling fastener items made in Punjab, through our

Sunflag Iron and Steel – India Website : www.sunflagsteel.com

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Wire & Cable ASIA – November/December 2014