Mahindra Auto Steel, a subsidiary of Mahindra Intertrade and part of the Mahindra Group, has opened a new automotive steel processing facility in the auto belt of Chakan, near Pune, Maharashtra. This modern facility is a joint venture with China Steel Global Trading Corporation, Taiwan and Mitsui & Co. (Asia Pacific) Pte Ltd, Singapore. While Mahindra Intertrade holds 51 per cent in the joint venture, the other partners hold 24.5 per cent each.
The facility has been set up at a cost of Rs.110 crore in Phase I, over 10 acres of land, with an annual processing capacity of 100,000 tonnes. This plant is the seventh steel service centre in the Mahindra Intertrade family, its third in the Pune region and its third automotive steel processing facility, an official release said.
The new unit is equipped with a blanking line from Fagor Arrasate of Spain (in picture) that is also India’s first servo line. This facility will offer automotive customers in the Pune region the entire bouquet of services such as sourcing, warehousing, yield optimization, forex risk management and SKU-wise JIT delivery, and products such as blanks, trapezoids and profiles.
MASL’s new facility at Chakan is constructed in accordance to IGBC’s Green Building norms, and incorporates features such as enhanced indoor air quality, treatment of non-process waste water, rain water harvesting, etc, the release said.