thyssenkrupp will produce 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.
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 additional thrust on the power sector in the country. Currently, no other company manufactures 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.
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.”
Peter Kern from the German Consulate General in Mumbai commenting on the development 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.”