TATA Metaliks' ductile iron pipe project to start by 2009
It is reported that production from TATA Metaliks' 110,000 tonnes per annum ductile iron pipe project being set up at Kharagpur in 51:49 JV with Japanese Kubota and Metal One is expected to commence by early 2009.
The facility is being set up at an estimated investment of INR 150 crore and will be called TATA Metaliks Kubota Ductile Iron Pipes.
Dr T Mukherjee chairman of TATA Metaliks said that the ductile iron pipes manufactured by the company would be marketed in India under the TATA Kubota Pipes brand even as pipes sold in the export markets would be under the Kubota Pipes brand.
He added that the demand for DI pipes was projected to grow at a compounded average rate of 18% annually and hence as part of a forward integration strategy, TATA Metaliks had embarked upon the project.
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