Tata Ryerson, a 50:50 joint venture between Tata Steel and Ryerson-Tull, will be investing Rs 100 crore in setting up new facilities and distribution centres.
Sandipan Chakravortty, managing director Tata Ryerson said, as part of the growth strategy, the company also planned to acquire entire warehousing and stockyards of Tata Steel, which would be part of this investment. Tata Steel presently has around 16 stockyards.
The Rs 100 crore investment would be made by 2005-06. The company planned to set up 50 distribution centres by 2005. At present, Tata Ryerson has eight centres.
Tata Ryerson also planned to tap the global market. The company was toying with the idea of establishing a presence in the Chinese and South African markets. However, Chakravortty clarified that the company would go global only after establishing a stronghold in the home country.
There were two options for entering the international market
