Trade press, 2018-04-19, 08:00 AM
thyssenkrupp to manufacture cold rolled grain oriented (CRGO) electrical steel in India
- The first and only manufacturer of CRGO electrical steel in the country
- The company’s Nashik plant output capacity to reach 35,000 MT per year
- This will aid the government of India’s mission ‘power for all’
thyssenkrupp today announced that they will be producing cold-rolled grain oriented (CRGO) electrical steel from cold rolling for the first time in India. The company is the only manufactured of CRGO in the country presently. With this development, the company’s Nashik plant output capacity will increase to 35,000 MT per year.
Globally, only a few companies have the capability to produce CRGO and the technology is not easily available for assimilation. thyssenkrupp will use its global technology and the know-how to produce CRGO locally making them the only manufacturer to offer the complete range of Grain Oriented Steel (GO) in the country. This increase in capacity will help in meeting the continuously growing demand of CRGO in the Indian market.
Speaking on the occasion, Dr. Jens Overrath, Chairman of the Executive Board, thyssenkrupp Electrical Steel, said, “India is a very important market for us and we are the only manufacturers of CRGO steel in the country. The expansion will enable us to enhance the innovative approach that we take towards all our products, thereby providing cutting edge technology to all our offerings”.
“We are pleased to expand our current capacity at our production plant in Nashik. The demand for this product is expected to rise exponentially in the coming years with addi-tional thrust on the power sector in the country. Currently, no other company manufac-tures CRGO grade steel in India due to its technologically specialised nature. We believe this additional capacity will aid in the achievements of the targets set for the power and transmission sector in the country”, said Mr. Kesava Iyer Venkatesan, Managing Director, thyssenkrupp Electrical Steel India.
On this occasion, Dr. Aruna Sharma, Secretary Steel, Ministry of Steel Government of India said, “thyssenkrupp will be first in India to make cold rolled grain oriented electrical steel in India. We welcome the same. The new product line set-up will help in meeting the continuously increasing demand of cold rolled grain oriented in the Indian market. We also look forward for the plant to develop back end supply within India. The capacity developed of 35,000MT per year today is welcome but need is to expand to the full requirement in India, that is 4lac MT.”
Mr. Peter Kern from the German Consulate General in Mumbai commenting on the devel-opment said, “Germany and India are natural partners in shaping the 21st century. Trade, investment and economic development are the backbone of this relationship, with India’s dynamic economic and social development providing opportunities for us to deepen our cooperation to our mutual benefit. thyssenkrupp Electrical Steel GmbH’s cutting-edge manufacturing line in Nashik is living proof of a technologically innovative partnership and the mutually beneficial nature of Indo-German relations.”
thyssenkrupp Electrical Steel
thyssenkrupp’s steel division is one of the world’s leading manufacturers of non-oriented high-tech electrical steel. Its Electrical Steel business unit produces grain-oriented electrical steel under the PowerCore® brand, a core material for energy-efficient transformers and large high-performance generators. Over more than 50 years the business unit has built up extensive expertise in the production and use of grain-oriented electrical steel. Research and development departments in Gelsenkirchen (Germany), Isbergues (France) and Nashik (India) work to continuously improve the properties of the material. With the new production line at the Nashik site, thyssenkrupp is India’s first and currently only manufacturer of grain-oriented electrical steel. 500 people are employed in Nashik, 640 in Gelsenkirchen and 530 in Isbergues.
thyssenkrupp, a diversified industrial group, began its journey in India way back in 1860. As the third largest market for the group in Asia-Pacific we have over 7,000 employees across eleven operating units. Our products and services range from complete plant design and engineering to building industrial plants, marine systems and elevators to engine components, bearings and undercarriages to materials services. We leverage the engineering expertise within our global network to give our customers the competitive edge.
thyssenkrupp is a diversified industrial group with a growing share of capital goods and service businesses and traditional strengths in materials. Over 158,000 employees in 79 countries work with passion and technological know-how to develop high-quality products and intelligent industri-al processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2016/2017 thyssenkrupp generated sales of €41.5 billion.
Together with our customers we develop competitive solutions for current and future challenges in their respective industries. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. Our technologies and innovations are the key to meeting diverse customer and market requirements around the world, growing on the markets of the future, and generating strong and stable earnings, cash flows and value growth.