)
Usha Martin Ltd, wire-rope company and specialty steel producer, has signed a technical assistance agreement (TAA) with Aichi Steel Corporation (ASC), specialty steel and forging company of Japan.
Usha Martin, via the technical tie up, is aiming to achieve operational excellence and enhance quality level of its steel products. .
“By joining hands with Aichi Steel, Usha Martin aims to improve its production efficiencies and utilize its facilities to produce higher value steel products. In addition, support from Aichi Steel, a Toyota group company, will help Usha Martin to have a larger presence in passenger vehicle market,” said Rajeev Jhawar, managing director at Usha Martin.
Aichi Steel has Specialty steel, stainless steel, forgings and electromagnetic products as its main products. Established in 1940, ASC’s steel plant at Chita, Japan has state-of-the-art Steel making, rolling and inspection facilities.
It is one of the largest producers in Japan for straight length specialty steel products. In FY 2012-13, ASC’s production of specialty steel and forgings was 1.2 million Tonnes. Aichi Steel has significant international presence in business of forged products.
Jhawar added that, “Aichi Steel is globally known for its unwavering commitment to quality. Partnership with Aichi Steel will help Usha Martin to further enhance its quality levels.”
