Reportedly, Korea’s Hyundai Hysco and Japan’s Sumitomo Group planned to begin a trial testing run for the JV pipe project in India in February this year.
They formed new company as Automotive Steel Pipe India in Tamil Nadu’s Sriperumbudur and the company has designed the annual ERW pipes production capacity to 4,000 tons for automotive use.
Meanwhile, the company will be able to produce with outer diameter range of 0.5-3 inches.
In the meantime, Hysco owns 55% of the joint venture while the remainder is held by SPT&SC Investment, an entity owned 75% by Sumitomo Pipe & Tube (SPT) and 25% by trader Sumitomo Corp according to the company said.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62926&division=A9
