Tata Metaliks Limited (TML), India's largest producer of foundry grade pig iron, has announced that it has terminated the joint venture agreement signed in July 2007 with Japan-based Kubota Corporation and Metal One Corporation.
The ductile iron pipes joint venture called Tata Metaliks Kubota Pipes Limited started production in Kharagpur in 2009 with an annual capacity of 110,000 mt.
Additionally, Tata Metaliks signed an agreement with the Tata Metaliks Workers' Union at its Redi plant in Maharashtra in respect of all permanent employees, in pursuit of plans to close down the Redi plant.
Source:
http://www.steelorbis.com/steel-news/latest-news/tata-metaliks-terminates-jv-with-japanese-partners-749427.htm
